|Day's range||8.41 - 8.75|
|52-week range||4.55 - 11.70|
|PE ratio (TTM)||9.59|
|Dividend & yield||0.29 (3.53%)|
|1y target est||10.15|
Shareholders of Brazil's Vale SA approved a share conversion plan on Tuesday in a move that should boost transparency, give equal votes to all shares and limit government meddling in the world's No. 1 iron ore producer. In a securities filing, Vale said shareholders approved all seven items on the corporate reorganization agenda, which is a first step towards giving the company dispersed share ownership - where no shareholder controls decision making at the firm. The plan also puts a limit to the meddling of politicians in Vale - an aspect that weighed on the company's stock during former President Dilma Rousseff's five years in office.
Shares of Brazilian iron ore mining giant Vale (VALE) rose more than 2% Tuesday after the company approved a move to create one class of shares that could reduce government influence. The news is purposefully ...
Shareholders of Vale SA on Tuesday approved a plan to make the world's No. 1 iron ore producer a company with dispersed share ownership, the press office said, in a landmark step aimed at enhancing transparency ...