Vale gets SEC notice on potential probe of Brumadinho case

  • Vale ( Vale ) says it received a formal notice from the Securities and Exchange Commission that it will start proceedings related to potential violations of U.S. securities laws in disclosures about its dam safety management at the Brumadinho mine.
  • Vale says it disagrees with the recommendation for an investigation of potential misconduct related to public disclosures regarding the January 2019 dam disaster at the Brazilian tailings dam which killed 270 people.
  • The Wells notice is not a formal charge or a finding of wrongdoing: Vale says it provides an opportunity to clarify issues raised by the SEC.
  • Vale recently reported higher Q3 iron ore production but said full-year output likely will come in at the lower end of prior guidance.

    For this year the company from Null could earn a total revenue around 54.26 billion USD. This is according to the average of the analysts' estimates. This is quite lower than 2021's revenue of 208.53 billion USD.

    Historical revenues and results Vale plus estimates 2021

    fundamantele data

    The analysts expect for 2021 a net profit of 21.4 billion USD. The majority of the analysts expects for this year a profit per share of 4.38 USD. So the price/earnings-ratio equals 2.76.

    Huge dividend Vale

    For this year the analysts expect a dividend of 2.37 USD per share. Vale 's dividend yield thus equals 19.57 percent. The average dividend yield of the mining companies is a limited 0.81 percent.

    Vale 's market value equals around 62.1 billion . 13

    On Tuesday, the stock closed at 12.11 USD.

    Historical stock prices Vale

    stock price vale

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