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 |
|---|---|---|---|
| 4/17/2025 | Outperform → Sector Perform | RBC Capital Mkts | |
| 4/10/2025 | $11.50 | Neutral → Buy | BofA Securities |
| 1/8/2025 | Underperform → Peer Perform | Wolfe Research | |
| 12/12/2024 | $14.50 → $11.30 | Overweight → Equal-Weight | Morgan Stanley |
| 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 |
RBC Capital Mkts downgraded Vale S.A. from Outperform to Sector Perform
BofA Securities upgraded Vale S.A. from Neutral to Buy and set a new price target of $11.50
Wolfe Research upgraded Vale S.A. from Underperform to Peer Perform
Morgan Stanley downgraded Vale S.A. from Overweight to Equal-Weight and set a new price target of $11.30 from $14.50 previously
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
TORONTO, Jan. 23, 2025 /PRNewswire/ - Vale Base Metals has launched a strategic review to explore and evaluate a range of alternatives, including the potential sale, for its mining and exploration assets in Thompson, Manitoba, the Canadian-based subsidiary of Vale SA (NYSE:VALE) announced today. The Thompson review is part of a process to optimize Vale Base Metals' global mining portfolio to enable copper growth in the Carajas region and ensure the competitiveness of its vertically integrated nickel portfolio to create long-term value for its shareholders and stakeholders. Vale Base Metals has engaged an external advisor to lead the Thompson review, which is expected to conclude in 2H 2025
TORONTO, Dec. 3, 2024 /PRNewswire/ - Vale Base Metals has completed construction and commissioning of its US$2.94 billion Voisey's Bay Mine Expansion Project in northern Labrador, a major milestone that will increase production of nickel in concentrate to 45,000 tonnes per year (45 ktpy) – a critical mineral essential to security of supply, economic independence and the energy transition. The expansion project transitioned Voisey's Bay from open pit to underground mining. The project involved the development of two underground mines – Reid Brook and Eastern Deeps – which will
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
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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