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Vale SA ( (VALE) ) just unveiled an update.
On February 19, 2025, Vale S.A. announced the approval of a new share buyback program by its Board of Directors, targeting the acquisition of up to 120 million common shares over the next 18 months. This program, representing approximately 3% of the company’s outstanding shares, underscores management’s confidence in Vale’s business outlook and commitment to shareholder value. The decision follows the imminent expiration of the current buyback program, which has already repurchased around 34 million shares. This move is aligned with Brazilian capital market regulations and is expected to be implemented at market prices, signaling a strategic reinforcement of Vale’s market position.
More about Vale SA
Vale S.A. is a leading company in the mining industry, known for its production of iron ore, nickel, and other metals. Based in Brazil, the company plays a significant role in the global mining sector, focusing on creating value for its shareholders and maintaining disciplined capital allocation.
YTD Price Performance: 9.68%
Average Trading Volume: 32,920,214
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $41.61B
For a thorough assessment of VALE stock, go to TipRanks’ Stock Analysis page.
