Vale S.A. Website

Vale S.A.

BOVESPA-VALE3

Company Overview

Vale S.A., together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. The company operates through Ferrous Minerals and Base Metals segments. The Ferrous Minerals segment produces and extracts iron ore and pellets, manganese, ferroalloys, and other ferrous products; and provides related logistic services. The Base Metals segment produces and extracts nickel and its by-products, such as gold, silver, cobalt, precious metals, and others, as well as copper. The company was formerly known as Companhia Vale do Rio Doce and changed its name to Vale S.A. in May 2009. Vale S.A. was founded in 1942 and is headquartered in Rio de Janeiro, Brazil.

  • Name

    Vale S.A.

  • CEO

    Gustavo Duarte Pimenta

  • Website

    vale.com

  • Sector

    Metals and Mining

  • Year Founded

    1942

Company Statistics

Profile

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Bulls Say

  • Vale's lower unit costs relative to producers in India and China, as well as high-cost producers such as Anglo American, allow it to remain profitable even in depressed price environments.

  • Vale's high-quality ore with iron content of around 63%-64% could attract significant premiums relative to the 62% benchmark.

  • Vale could benefit from efforts to decarbonize steelmaking. Steelmakers prefer higher-grade inputs, such as Vale’s iron ore, as they require less metallurgical coal and result in lower carbon emissions per metric ton of steel produced.

Bears Say

  • We believe China's real estate- and infrastructure-driven economic growth has likely peaked, and prices for materials such as iron ore will decline.

  • The Brazilian government occasionally reviews mining royalties, which could allow it to extract further value from Vale's iron ore assets.

  • Vale's investments in nonferrous business lines, such as coal, nickel, and copper, have been procyclical and expensive, destroying value. Returns have been poor and have weighed down overall group returns.

Source: Morningstar Analysis - Nov 03, 2025

What's happening

Nov 13, 2025 - Dec 13, 2025

Vale SA Sees Modest Gains Amid Analyst Upgrades and Market Optimism

  • VALE received a significant upgrade from RBC Capital, boosting investor confidence.
  • The company announced shareholder remuneration payments and strategic collaborations for copper production.
  • Despite bearish sentiments from UBS, overall performance remained strong against market trends.

Over the past month, Vale SA (VALE) experienced a modest increase of 1.8%, reflecting stable performance amid broader market conditions. This positive trend was largely driven by bullish sentiment stemming from upgrades and favorable assessments by financial analysts. Notably, RBC Capital upgraded VALE to "Outperform," raising its target price to $14.20 from $11 on December 10th, which contributed significantly to the stock's rise of 1.7% that day. The buzz on social media surrounding this upgrade further amplified investor interest in the company's prospects.

In addition to analyst support, VALE benefitted from favorable market conditions highlighted by a notable surge of 3.5% on December 3rd as the Ibovespa index reached new heights due in part to gains among major commodity companies like Vale itself. This reflected broader optimism within the sector despite ongoing concerns regarding iron ore demand influenced by developments in China's construction sector dynamics. Discussions during Vale Day emphasized strategic focuses such as enhancing iron ore flexibility and expanding copper growth capabilities expected to bolster long-term performance.

However, not all news was positive during this period; bearish sentiments emerged notably on December 8th when UBS revised its price target for VALE downwards while maintaining a neutral rating amidst concerns about supply-demand dynamics affecting iron ore prices moving into next year.

Despite these challenges, other developments supported bullish momentum for VALE throughout November and early December with announcements related to shareholder remuneration payments alongside collaborations aimed at enhancing copper production showcasing management’s commitment towards operational excellence aligned with evolving market demands.

Overall, while fluctuations in sentiment occurred due to external pressures such as regulatory issues or adjustments in analyst ratings—VALE managed an overall outperformance against both the S&P 500’s slight decline of -0.2% over the same timeframe resulting in an overperformance of 2% relative to it; additionally, Vale SA outperformed the Materials (XLB) sector by an impressive margin of 50.6%.

BOVESPA:VALE3