Vale SA $ 17.40 -0.65 (-3.6%)
Vale SA News and Headlines -
Oaktree Capital Management recently disclosed its portfolio updates for the fourth quarter of 2020, which ended on Dec. 31.
Founded by Howard Marks (Trades, Portfolio) and several fellow investors in 1995, Oaktree Capital Management is a global investing firm that specializes in alternative and credit strategies. The Los Angeles-based firm now has over 39 portfolio managers and 950 employees in offices around the globe. Marks serves as co-chairman (along with Bruce Karsh) and chief financial officer. The firm's core investment philosophy has six tenets: risk control, consistency, market inefficiency, specialization, bottom-up analysis and disavowal of market timing.
One strategy to unearth potential value opportunities is to look at stocks with an attractive forward price-earnings ratio.
Thus, investors may want to have a look at the following three stocks, as they have a forward price-earnings ratio standing below the S&P 500's historical average of 15. Estimates of future earnings are based on data from Morningstar analysts.
The first stock that qualifies is Vale SA (VALE), a Brazilian producer and global seller of iron ore and iron ore pellets to steel companies.
Vale SA has a forward price-earnings ratio of 7.51 (versus the industry median of
When investors choose stocks whose market capitalization is more than $2 billion and whose price-book ratio stands below 1.5, they have a higher chance of discovering value stocks.
Thus, value investors may want to have a look at the following securities as they meet the above-listed criteria.
The first company that meets the above-listed criteria is Perspecta Inc (PRSP).
Shares of the Chantilly, Virginia-based provider of enterprise information technology services to government customers in the U.S. traded at $18.40 per unit at close on April 7 for a market capitalization of roughly $2.97 billion.
The price-book ratio of 1.36
Buffett prefers a slow and steady, value-orientated investment approach, while Icahn is an aggressive activist investor who will initiate a few significant positions and then drive for change at the companies he owns.
That being said, you can make a strong argument that both investors do follow a similar investment style because they both buy what they perceive to be undervalued businesses.
The difference is, Buffett rarely gets involved in unlocking
Investing in precious metals can be difficult as the performance of companies in this sector is often highly correlated to the price of the metal.
The precious metal investors are likely most familiar with is gold. Investors looking for access to gold can either purchase shares of an exchange-traded fund that tracks the price of gold, such as the SPDR Gold Trust (GLD), or buy shares of gold mining companies.
Gold has actually outperformed the S&P 500 this year. The SPDR Gold Trust has gained 18.6% since the start of 2019, while the index is up 13.2%.
While there are
Ken Heebner (Trades, Portfolio)’s Capital Growth Management (CGM) disclosed this month its top three sells were Vale SA (VALE), Royal Caribbean Cruises Ltd. (RCL) and Norwegian Cruise Line Holdings Ltd. (NCLH), while its top three buys were Companhia Siderurugica Nacional (SID), Valero Energy Corp. (VLO) and PagSeguro Digital ltd. (PAGS). The top three sells outweigh the top three buys in terms of portfolio impact.
A growth-oriented investor, Heebner has historically made bold and swift sector calls. Additionally, the co-founder of CGM is not afraid to make large bets based on his convictions.
If investors want to find more value opportunities, they should look for stocks that double the return of theÂ 20-year, high-quality market corporate bond. These bonds represent corporate loans issued by triple-A, double-A and single-A rated companies.
The most recent observation of the Federal Reserve Bank of St. LouisÂ indicates the monthly average spot rate of the 20-year bond is 4.43%.
The following stocks have a price-earnings ratio, which is the inverse of the earnings yield, of less than 11.3 as of April 12.
Further, the selected stocks have a good financial situation mainly resulting from the return-on-invested-capital ratio
To Our Shareholders:
CGM Mutual Fund increased 6.5% during the third quarter of 2018 compared to a return of 7.7% for the Standard and Poor’s 500 Index (S&P 500 Index) and 0.0% for the ICE BofAML U.S. Corporate, Government & Mortgage Index*. For the first nine months of the year, CGM Mutual Fund decreased -3.2% while the S&P 500 Index increased 10.6% and the ICE BofAML U.S. Corporate, Government & Mortgage Index decreased -1.6%.
International trade issues have been at the forefront of the news for much of the year and continued to impact markets around the world into the
The guru reduced his holding of Citigroup Inc. (C) by a 56.19%. The trade had a -3.53% impact on the portfolio.
The bank has a market cap of $177.5 billion and an enterprise value of $270.16 billion.
GuruFocus gives the company a profitability and growth rating of 3 out of 10. The return on equity of -3.24% and return on assets of -0.3% are underperforming 94% of companies in the
Jacquie McNish's "The Big Score: Robert Friedland, INCO and the Voisey's Bay Hustle"Â chronicles the discovery, exploratory process and ultimate sale of the largest mineral deposit found in Canada in 40 years. Voisey’s Bay mine is an open-pit nickel mine in Labrador, 21 miles southwest of Nain and 50 miles northwest of Natuashish. It is not just a theoretical read as there are three publicly-traded companies involved with the mine: Vale SA (VALE), Royal Gold Inc. (RGLD) and Altius Minerals Corp. (TSX:ALS) (ATUSF).
Royal Gold and Altius Minerals are united in the Labrador Nickel Royalty
Vale SA (VALE), theÂ $43.4 billionÂ Brazilian miner, reported strong business recovery from the recent turmoil in the mining industry with 59.6% revenue growth to $8.5 billion and 40% profit growth to $2.5 billion in the first quarter –Â a 29.2% margin vs. 33.3% in the same period a year earlier.
In review, Vale’s profit still came in strong despite nearly doubling financial expenses to $1.1 billion in the recent quarter.
Vale shares went up by 1.9% post earnings release.
Vale is undervalued compared to its peers. According to Reuters data, Vale had a trailing price-earnings (P/E) ratio of
According to GuruFocus'Â All-in-One Guru Screener, the following are some of the stocks that have outperformed the Standard & Poor's 500 Index over the last 12 months and were bought by gurus during the last quarter.
Companhia Siderurgica Nacional ADRÂ (SID) with a market cap of $5.1 billion has outperformed the S&P 500 Index by 390.7% during the last 12 months.
Companhia Siderurgica Nacional is an integrated steel-producing company. It makes steel products including slabs, hot- and cold-rolled, galvanized and tin mill products for the distribution, packaging, automotive, home appliance and construction industries.
Six hedge funds hold the
Despite many analysts suggesting to invest in gold stocks, there are some investors who suggest staying out of the gold industry because they prefer to hold a defensive strategy, waiting for the cloud of uncertainty that prevails in the financial markets to dissipate before making their next investment decision.
One of these investors is Vince Lanci, the owner of Echobay Partners LCC, a private fund management company, and fund manager with several years of investing experience in precious metals and energy.
Lanci said toÂ Kitco.com that he “wouldn’t be surprised to see gold spike if there is a
As top-down investors, we must be sensitive not only to country-level top -down developments but also to exposure to global top -down drivers. One of the most important ones for emerging- market equities is movement in the U.S. dollar. As the world’s key trading currency, the dollar is the funding denomination for many portfolio investments. This means that a stronger dollar is often linked to lower levels of risk tolerance in global markets as investors withdraw from international investments, including in emerging markets. A stronger dollar is also often linked to weaker commodity prices, as much of the end demand
According to GuruFocus' All-in-One Screener, the following are stocks with market caps above $5 billion and are trading with low price-sales (P/S) ratios.
T-Mobile US Inc. (TMUS) is trading at about $50 with a P/S ratio of 1.17 and an estimated price-earnings (P/E) multiple of 31.43. The company has a market cap of $40.67 billion; the stock has dropped by 10%Â over the last 10 years. During the last 52 weeks, the price has been as high as $51.65 and as low as $33.23.
It provides wireless communication services in the postpaid, prepaid and wholesale markets. The company's
Charles Brandes (Trades, Portfolio) is the chairman of Brandes Investment Partners. He started the firm in 1974 and manages multiple portfolios, including the U.S. Equity and Global Equity. The following are the top performers of his most recent investments.
Petroleo Brasileiro SA Petrobras ADRÂ (PBR.A), with a market cap of $75.59 billion, has gained 240.9% year to date. The guru's stake represents 0.4% of the company's outstanding shares and 2.38% of his total assets.
Petroleo Brasileiro SA Petrobras operates as an integrated oil and gas company in Brazil. Its business is structured into segments such as Exploration
After staging a terrific recovery, iron ore miners have had a rough couple of weeks and Vale (VALE) is no exception to this trend. That being said, Vale’s quarterly performance has outperformed all expectations; if that continues, the stock could start rallying again.
In the most recent quarter, Vale reported earnings per share of 21 cents, 3 cents better than the estimates. The company’s revenue came in at $6.63 billion, beating the estimates by $140 million. Despite the beat, revenue was down over 4% on a year-over-year basis.
The company reported superior results primarily on the back of its Ferrous
On Aug. 9, Silver Wheaton Corp. (SLW) closed at $29.75 per share from $29.22 per share the day before, up 53 cents (+1.81%), with 3,370,602 shares traded on the New York Stock Exchange. The stock is uptrending and gained 138% year to date.
Silver Wheaton planned to release its second-quarter financial results after market close Aug. 10.
Analysts expect earnings per share (EPS) to be between 19 cents (high) and 10 cents (low) or between +46.2% (6 cents) and -23.1% (-3 cents) from last year's 13 cents per share.
Iron minors have enjoyed a bubble-like rally in the last few months. The rally was not driven by fundamentals, however, but by hype. With iron prices moving down again, iron miners have started giving back the gains and I expect the bearishness to continue.
BHP Billiton (BHP) is one such stock, and investors should use the recent surge to sell the stock.
Samarco was a joint venture of Vale (VALE) and BHP Billition that ended in a disaster, literally as well as figuratively for both the companies. The maximum penalty that BHP may have to recompense should be
Don’t believe the analyst hype. Despite both BofA Merrill Lynch and Goldman Sachs upgrading Joy Global (JOY) stock in recent weeks, the long-term outlook for the coal industry is bleak. It might not go to zero, but its size and use as an energy source is dwindling.
The company’s new initiatives – direct service, hard rock and industrial minerals, reduced capacity, inventory reductions, share buybacks, new product development and high-growth markets – may prove effective but in the end will likely fail to produce value for shareholders.
Some believe that the recent coal bankruptcies from
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|2020-10-22 $ 11.3 (0.36%)|
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|2020-03-26 $ 8.32 (3.48%)|
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|2019-03-29 $ 12.63 (-0.32%)|