Vale Shares Rise After Q2 Sales-Price Mix Signals 20% Value Increase
Vale S.A. figures suggest a 20.3% increase in a straightforward proxy for quarterly sales value. Iron ore production was up just 0.8%.

Shares of Vale S.A. inched up after BofA Securities downgraded the miner to Neutral. The company’s ADRs rose 0.4% to $14.89 in late afternoon trading. BofA also reduced its price target to $16 from $18.
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