Scotiabank Has Pessimistic Opinion of Vale FY2026 Earnings

Vale S.A. (NYSE:VALE) – Stock analysts at Scotiabank dropped their FY2026 earnings per share estimates for shares of Vale in a research report issued on Tuesday, October 13th. Scotiabank analyst A. Salazar now forecasts that the basic materials company will post earnings per share of $1.66 for the year, down from their prior forecast of $2.22. 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 $1.82 per share.

VALE has been the subject of several other reports. The Goldman Sachs Group cut shares of Vale from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $18.00 to $16.00 in a research report on Monday, July 27th. Wall Street Zen downgraded shares of Vale from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. Freedom Broker lowered shares of Vale from a “hold” rating to a “strong sell” rating in a report on Thursday, September 3rd. UBS Group dropped their price target on shares of Vale from $16.50 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, September 29th. Finally, Zacks Research raised shares of Vale from a “strong sell” rating to a “hold” rating in a research note on Monday, September 7th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Vale currently has an average rating of “Hold” and a consensus target price of $15.81.

Vale Trading Down 1.6%

Shares of VALE stock opened at $13.01 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.77 and a debt-to-equity ratio of 0.45. Vale has a twelve month low of $11.00 and a twelve month high of $17.94. The company’s 50-day moving average price is $14.32 and its 200-day moving average price is $15.27. The stock has a market cap of $59.03 billion, a price-to-earnings ratio of 7.46 and a beta of 0.42.

Vale (NYSE:VALE) last posted its quarterly earnings results on Thursday, July 30th. The basic materials company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.10). Vale had a return on equity of 19.87% and a net margin of 5.11%. The company had revenue of $10.24 billion for the quarter, compared to analysts’ expectations of $10.47 billion.

Vale Announces Dividend

The firm also recently declared a special dividend, which was paid on Thursday, September 10th. Stockholders of record on Thursday, August 13th were paid a $0.3088 dividend. The ex-dividend date of this dividend was Thursday, August 13th. Vale’s dividend payout ratio is 89.80%.

Hedge Funds Weigh In On Vale

Hedge funds have recently modified their holdings of the business. Assenagon Asset Management S.A. increased its position in shares of Vale by 15,202.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 15,663,641 shares of the basic materials company’s stock worth $249,209,000 after purchasing an additional 15,561,279 shares during the last quarter. Bank of America Corp DE raised its holdings 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 buying an additional 11,905,247 shares during the period. OMERS ADMINISTRATION Corp purchased a new stake in Vale in the 1st quarter valued at about $128,239,000. Arrowstreet Capital Limited Partnership lifted its position in Vale by 15.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 47,947,703 shares of the basic materials company’s stock valued at $762,848,000 after buying an additional 6,351,703 shares during the last quarter. Finally, SPX Gestao de Recursos Ltda lifted its position in Vale by 1,302.4% in the first quarter. SPX Gestao de Recursos Ltda now owns 5,539,608 shares of the basic materials company’s stock valued at $88,135,000 after buying an additional 5,144,590 shares during the last quarter. 21.85% of the stock is currently owned by hedge funds and other institutional investors.

Vale Company Profile

Vale SA is a Brazil-based global mining company and one of the world’s major producers of iron ore and iron ore pellets, which are used primarily in steelmaking. The company also produces nickel, copper, manganese, coal and other mineral products, serving customers in the steel, energy and technology industries.

Founded in 1942 as Companhia Vale do Rio Doce, the company was privatized in 1997 and adopted the Vale name in 2007. Its operations are concentrated in Brazil, particularly in the states of Pará and Minas Gerais, while its base-metals business has mining and processing activities in countries including Canada and Indonesia.

Vale also operates an integrated logistics system that includes railways, ports and maritime transportation infrastructure used to move its products from mining regions to domestic and international markets.