Scotiabank Issues Pessimistic Forecast for Vale Earnings

Vale S.A. (NYSE:VALE) – Investment analysts at Scotiabank dropped their FY2026 earnings per share (EPS) estimates for Vale in a research note issued to investors on Thursday, July 23rd. Scotiabank analyst A. Salazar now forecasts that the basic materials company will post earnings per share of $2.22 for the year, down from their prior estimate of $2.56. Scotiabank currently has a “Sector Perform” rating and a $16.00 price objective on the stock. The consensus estimate for Vale’s current full-year earnings is $1.91 per share. Scotiabank also issued estimates for Vale’s FY2027 earnings at $2.20 EPS.

Vale (NYSE:VALE) last issued its earnings results on Tuesday, April 28th. The basic materials company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.08). Vale had a net margin of 7.21% and a return on equity of 21.10%. The firm had revenue of $9.26 billion during the quarter, compared to analyst estimates of $9.53 billion.

Several other analysts have also recently weighed in on the stock. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Vale in a research note on Monday, June 15th. Wells Fargo & Company cut their target price on shares of Vale from $16.00 to $15.00 and set an “equal weight” rating for the company in a research note on Thursday, July 9th. Wall Street Zen downgraded Vale from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $18.00 price target on shares of Vale in a research report on Friday, May 15th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vale in a report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Vale presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.31.

Vale Trading Up 0.0%

Shares of Vale stock opened at $14.79 on Monday. Vale has a 12-month low of $9.36 and a 12-month high of $17.94. The stock has a market capitalization of $67.15 billion, a P/E ratio of 22.08 and a beta of 0.46. The company has a 50-day simple moving average of $15.34 and a 200 day simple moving average of $15.81. The company has a quick ratio of 0.79, a current ratio of 1.24 and a debt-to-equity ratio of 0.48.

Hedge Funds Weigh In On Vale

Institutional investors have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Vale by 2,239.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 41,596,000 shares of the basic materials company’s stock valued at $541,996,000 after buying an additional 39,818,066 shares during the period. Capital World Investors raised its holdings in shares of Vale by 58.2% during the fourth quarter. Capital World Investors now owns 89,322,261 shares of the basic materials company’s stock worth $1,163,896,000 after acquiring an additional 32,864,929 shares during the period. GQG Partners LLC lifted its position in Vale by 42.4% in the 4th quarter. GQG Partners LLC now owns 65,132,572 shares of the basic materials company’s stock valued at $848,677,000 after acquiring an additional 19,397,396 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in Vale by 15,202.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 15,663,641 shares of the basic materials company’s stock valued at $249,209,000 after acquiring an additional 15,561,279 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in Vale by 119.9% in the 1st quarter. Bank of America Corp DE now owns 21,837,416 shares of the basic materials company’s stock valued at $347,433,000 after acquiring an additional 11,905,247 shares in the last quarter. 21.85% of the stock is owned by institutional investors.

About Vale

Vale SA is a Brazilian multinational mining company and one of the world’s largest producers of iron ore and iron ore pellets. In addition to iron ore, the company produces and sells a range of bulk commodities and metals, including nickel, copper, coal, manganese, ferroalloys and cobalt, and it participates in the fertilizer inputs market. Vale also operates extensive logistics assets — including rail, port and maritime logistics — that support its mining and export activities and provide services to third parties in some regions.

Headquartered in Brazil, Vale maintains a global operational footprint with mining, processing and shipping activities across the Americas, Africa, Asia and Oceania.