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, Base Metals, and Coal 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 copper, gold, silver, cobalt, precious metals, and others. The Coal segment is involved in the extraction of metallurgical and thermal coal; and provides related logistic services. It also offers platinum group metals. 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.
IPO Year:
Exchange: NYSE
Website: vale.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/11/2024 | $14.00 → $11.50 | Buy → Neutral | UBS |
| 10/9/2024 | Peer Perform → Underperform | Wolfe Research | |
| 7/17/2024 | Outperform → Peer Perform | Wolfe Research | |
| 6/21/2024 | Underperform → Neutral | Exane BNP Paribas | |
| 5/7/2024 | $13.00 → $15.00 | Neutral → Buy | UBS |
| 4/9/2024 | Buy → Neutral | BofA Securities | |
| 11/21/2023 | Neutral → Buy | Goldman | |
| 11/20/2023 | Neutral → Buy | BofA Securities | |
| 11/16/2023 | $18.00 → $17.00 | Buy → Hold | Deutsche Bank |
| 10/30/2023 | $14.00 → $16.00 | Neutral → Buy | Citigroup |
UBS downgraded Vale S.A. from Buy to Neutral and set a new price target of $11.50 from $14.00 previously
Wolfe Research downgraded Vale S.A. from Peer Perform to Underperform
Wolfe Research downgraded Vale S.A. from Outperform to Peer Perform
Exane BNP Paribas upgraded Vale S.A. from Underperform to Neutral
UBS upgraded Vale S.A. from Neutral to Buy and set a new price target of $15.00 from $13.00 previously
BofA Securities downgraded Vale S.A. from Buy to Neutral
Goldman upgraded Vale S.A. from Neutral to Buy
BofA Securities upgraded Vale S.A. from Neutral to Buy
Deutsche Bank downgraded Vale S.A. from Buy to Hold and set a new price target of $17.00 from $18.00 previously
Citigroup upgraded Vale S.A. from Neutral to Buy and set a new price target of $16.00 from $14.00 previously
6-K - Vale S.A. (0000917851) (Filer)
6-K - Vale S.A. (0000917851) (Filer)
6-K - Vale S.A. (0000917851) (Filer)
6-K - Vale S.A. (0000917851) (Filer)
6-K - Vale S.A. (0000917851) (Filer)
6-K - Vale S.A. (0000917851) (Filer)
6-K - Vale S.A. (0000917851) (Filer)
6-K - Vale S.A. (0000917851) (Filer)
6-K - Vale S.A. (0000917851) (Filer)
6-K - Vale S.A. (0000917851) (Filer)
Vale (NYSE:VALE) is set to open a new open-pit mine at the historic Stobie mine site in Sudbury, Ontario. The original underground mine operated from 1914 to 2017, producing over 375 million tons of nickel and copper ore. Vale's Toronto-based base metal arm expects that the open pit project will cost $149 million over the next four years. The initial production target is 300,000 tons of nickel and copper this year, ramping up to 1.5 million tons by 2025. Additionally, the mine will yield valuable byproducts, including cobalt and precious metals. Now read: Liberty Gold CEO Remains Bullish, But ‘Political Developments Will Influence Market’s Direction’ “This is a $149 million project
Wolfe Research analyst Timna Tanners downgrades Vale (NYSE:VALE) from Outperform to Peer Perform.
- Reuters
- Reuters Citing O Globo Report
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UBS analyst Myles Allsop maintains Vale (NYSE:VALE) with a Buy and lowers the price target from $15 to $14.5.
Vale SA (NYSE:VALE) plans to increase its copper production to 500,000 tons by 2028 as part of a $3.3-billion capital expenditure plan. That’s up from 326,600 tons in 2023, largely through upgrades to its Salobo and Sossego mines in Brazil. Copper prices have recently surged to new highs, propelled by speculation about future supply shortages. Vale, according to Bloomberg, also plans to enhance its copper and nickel production capabilities in Canada. This move aligns with the company’s broader strategy to capitalize on copper demand and transition to green energy. See Also: Agnico Eagle ‘Will Be A Top Five Mine,’ CEO Predicts As Detour Lake Plans Are Unveiled The Internationa
Ratings for Vale (NYSE:VALE) were provided by 6 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 3 2 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 1 0 0 0 0 3M Ago 0 2 2 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $16.08, a high estimate of $20.00, and a low estimate of $13.00. A decline of 8.53% from the prior average price target is evident
Morgan Stanley analyst Carlos De Alba maintains Vale (NYSE:VALE) with a Overweight and lowers the price target from $18 to $15.5.
- Reuters
TORONTO, Feb. 26, 2024 /CNW/ - Vale Base Metals ("VBM") informs that Vale Canada Limited ("VCL") signed a Definitive Agreement ("Agreement") with PT Mineral Industri Indonesia ("MIND ID") and Sumitomo Metal Mining Co., Ltd. ("SMM") regarding the divestment obligation of PT Vale Indonesia Tbk ("PT Vale"). Under the Agreement, VCL and SMM will divest approximately 14 per cent pro-rata combined equity interest in PT Vale to MIND ID. Upon completion of the transaction, MIND ID will hold approximately 34 per cent of PT Vale's issued shares, making it the largest shareholder in the company. VCL and SMM will hold 33.9 per cent and 11.5 per cent, respectively. Approximately 20.6 per cent will cont
VANCOUVER, BC and TORONTO, Nov. 21, 2023 /PRNewswire/ - Wheaton Precious Metals™ Corp. ("Wheaton" or the "Company") (TSX | NYSE | LSE: WPM), Wheaton Precious Metals International Ltd. ("Wheaton International") and Vale Base Metals Limited ("VBM") (NYSE:VALE) are pleased to announce the successful completion of the throughput test for the first phase of the Salobo III expansion project, a significant milestone that demonstrates increased reliability and continued strong performance at VBM's flagship copper project in Brazil. The test required VBM's Salobo complex to run at an average annualized throughput of 32 million tonnes per annum ("Mtpa") for a period of 90 days. VBM confirmed completio
TORONTO, Feb. 21, 2023 /PRNewswire/ - The supply of Class I nickel, essential for electric vehicle batteries, is expected to face a shortage for the next three to five years, according to a new report. The Oregon Group predicts a continued crunch in the nickel market despite increased production by Chinese nickel giant, Tsingshan. Supply of Class I nickel, essential for electric vehicle batteries, expected to face shortage for the next 3-5 years.The report examines key trends affecting the growth of Class I nickel supply and demand. These include geopolitical tensions, and the coming clash between the pressure to decarbonize supply chains and the high emissions of new and near-term nickel pr
NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA OR TO US WIRE SERVICESReports assay results from 3 additional holes, Intersections included:hole EV22-29 with 262.6m grading 0.25% Ni,hole EV22-30 with 259.7m grading 0.26% Ni, andhole EV22-32 with 200.4m grading 0.25% Ni.The CarLang Area is a >10km prospective trend of dunitic units, confirmed by historic exploration workEVNi drilled 1.4km of the prospective strike this summer, with 28 holes totalling 8,295m, the A ZoneAssays are pending for the remaining 17 holes and will be used in a CarLang A Zone Preliminary Resource, already underway and planned for release in Q1 2023.TORONTO, ON / ACCESSWIRE / December 7, 2022 / EV NICKEL INC. (TSX
ST. JOHN'S, NL / ACCESSWIRE / June 13, 2022 / ANTEROS METALS INC. ("Anteros" or the "Company") is pleased to provide an update on airborne geophysical surveying at its Hopedale Nickel Project (the "Project") in Labrador, Canada. With commencement of the airborne electromagnetic ("EM") survey, Phase One exploration at the Project is now underway.As reported on May 16th, 2022, Anteros contracted Geotech Ltd. to conduct 313 line-kilometres of Versatile Time-Domain Electromagnetic ("VTEM") airborne surveying over the Hopedale Property (Figure 1). The survey crew established a base of operations in nearby Postville and reconnaissance flights over the survey block began May 17th. The EM-loop was s
St. John's, Newfoundland & Labrador, Nov. 25, 2021 (GLOBE NEWSWIRE) -- The Canadian Institution of Mining, Metallurgy and Petroleum (CIM) Newfoundland & Labrador (NL) branch has awarded Vale the designation of "Miner of the Year". The award was announced at the annual Mineral Resources Review today. Vale's Voisey's Bay Mine has been working on the simultaneous development of two underground mines, while continuing operations of mining from the Ovoid. The mine expansion in Voisey's Bay will extend the life of mine until at least 2035 and provides for continuity of operations at the Long Harbour Processing Plant. June 2021 saw the site achieve the milestone of safely delivering first ore
Sudbury, Ontario, Sept. 29, 2021 (GLOBE NEWSWIRE) -- Vale informs that all 39 employees underground at its Totten Mine in Sudbury, Ontario, Canada have now safely returned to surface. "I'd like to congratulate our rescue team," Vale Chief Executive Officer Eduardo Bartolomeo said from Sudbury, where he met with employees and rescue personnel. "Bringing our 39 employees home safe and healthy was our top priority and we're glad that our emergency plans and procedures worked to deliver that outcome. All the employees are safe now and deserve our deep respect for their perseverance and strong will." The employees had been underground since reporting for dayshift Sunday when
Sudbury, Ontario, Sept. 28, 2021 (GLOBE NEWSWIRE) -- For Immediate Release SUDBURY, September 28, 2021 – Vale informs that the return of employees to surface at the Company's Totten Mine in Sudbury, Ontario continues this morning following the successful ascent of several individuals overnight. On Sunday, 39 employees were unable to exit the mine due to damage in the shaft that houses the conveyance used to transport employees between surface and underground. While conditions in the shaft were evaluated, employees reported to underground refuge stations as part of the company's standard procedures. Sunday evening, employees started making their way to surface via a secon
Thompson, Manitoba, June 29, 2021 (GLOBE NEWSWIRE) -- Vale announced today a $150 million CAD investment to extend current mining activities in Thompson, Manitoba by 10 years while aggressive exploration drilling of known orebodies holds the promise of mining well past 2040. The Thompson Mine Expansion is a two-phase project. Today's announcement represents Phase 1 and includes critical infrastructure such as new ventilation raises and fans, increased backfill capacity and additional power distribution. The changes are forecast to improve current production by 30%. "This is the largest single investment we have made in our Thompson operations in the past two decades," said Mark Travers
SOROCABA, Brazil, May 25, 2021 /PRNewswire/ -- Vale S.A., one of the largest mining companies in the world, has chosen Nextracker to supply its NX Horizon™ bifacially optimized smart solar trackers for the Sol de Cerrado solar project in Minas Gerais, Brazil. The 766 megawatt (MWp) solar complex, which will be one of the largest in Brazil, will help power Vale's mining operations in the Jaíba area of Minas Gerais and will be interconnected to the regional transmission grid. Initial construction will begin later this year, with the project scheduled for completion in 2022. The
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VANCOUVER, BC and TORONTO, Nov. 21, 2023 /PRNewswire/ - Wheaton Precious Metals™ Corp. ("Wheaton" or the "Company") (TSX | NYSE | LSE: WPM), Wheaton Precious Metals International Ltd. ("Wheaton International") and Vale Base Metals Limited ("VBM") (NYSE:VALE) are pleased to announce the successful completion of the throughput test for the first phase of the Salobo III expansion project, a significant milestone that demonstrates increased reliability and continued strong performance at VBM's flagship copper project in Brazil. The test required VBM's Salobo complex to run at an average annualized throughput of 32 million tonnes per annum ("Mtpa") for a period of 90 days. VBM confirmed completio