Vale S.A. (VALE): price, analyst ratings, earnings and fundamentals
Updated 16 September 2026, 08:02 ET
Vale S.A. (VALE) closed at $14.47 on 15 September 2026, down 1.0%. The stock is up 6.2% over one month and up 35.6% over one year. It trades 19.3% below its 52-week high of $17.94. Analysts recorded 7 actions in the last 90 days; the median price target of $16 is 10.6% above the last close. The company last reported on 30 July 2026 for Q2 2026: EPS of $0.32 against an estimate of $0.51, a miss of 37.2%, on revenue of $10.5 billion.
Price and performance
Performance figures use dividend and split adjusted closes over trading sessions, so a one-year move compares the last close with the close 252 sessions earlier. The 52-week range uses the adjusted daily highs and lows of the same window. Read the guide: Momentum, trend and technical indicators.
The live chart with technical indicators is in the app: open VALE in FundSpec.
Analyst ratings
Over the last 90 days FundSpec recorded 7 analyst actions on VALE from 7 firms: 4 maintained or reiterated a view and 3 downgrades. Price targets were 2 raised and 5 lowered. The most recent targets from 9 firms range from $12 to $21, with a median of $16, 10.6% above the last close.
| Date | Firm | Action | Price target |
|---|---|---|---|
| 9 Sep 2026 | Bernstein | Maintains Market Perform | $12.00 to $12.50 |
| 5 Aug 2026 | B of A Securities | Downgrades to Neutral from Buy | $18.00 to $16.00 |
| 3 Aug 2026 | Barclays | Maintains Equal-Weight | $16.75 to $17.00 |
| 27 Jul 2026 | Goldman Sachs | Downgrades to Neutral from Buy | $18.00 to $16.00 |
| 20 Jul 2026 | Scotiabank | Maintains Sector Perform | $19.00 to $16.00 |
| 9 Jul 2026 | Wells Fargo | Maintains Equal-Weight | $16.00 to $15.00 |
| 8 Jul 2026 | Morgan Stanley | Downgrades to Equal-Weight from Overweight | $19.50 to $16.50 |
| 12 Jun 2026 | JP Morgan | Maintains Overweight | $19.50 to $21.00 |
| 27 May 2026 | Scotiabank | Maintains Sector Perform | $16.50 to $18.00 |
| 22 May 2026 | JP Morgan | Maintains Overweight | $18.50 to $19.50 |
A price target is one firm's twelve-month view, and the median across firms is a steadier reading than any single call. Upgrades and downgrades matter more when they change a rating, not only a target. Read the guide: What analyst ratings and price targets actually tell you.
Every action with the firm's history is in Analyst Ratings.
Earnings
The next report is scheduled for 29 October 2026 after the close for Q3 2026, with EPS expected at $0.57 on revenue of $11.4 billion. Vale S.A. beat the EPS estimate in 3 of its last 7 reported quarters.
| Period | Reported | EPS estimate | EPS actual | Surprise | Revenue |
|---|---|---|---|---|---|
| Q2 2026 | 30 Jul 2026 | $0.51 | $0.32 | -37.25% | $10.5B |
| Q1 2026 | 29 Apr 2026 | $0.44 | $0.44 | 0.00% | $9.3B |
| Q4 2025 | 12 Feb 2026 | $0.56 | -$0.90 | -260.71% | $11.1B |
| Q3 2025 | 30 Oct 2025 | $0.45 | $0.63 | +40.00% | $10.4B |
| Q2 2025 | 1 Aug 2025 | $0.33 | $0.50 | +51.52% | $8.8B |
| Q1 2025 | 24 Apr 2025 | $0.51 | $0.33 | -35.29% | $8.1B |
| Q4 2024 | 19 Feb 2025 | $0.43 | $0.20 | -53.49% | $10.1B |
| Q3 2024 | 24 Oct 2024 | $0.46 | $0.56 | +21.74% | $9.6B |
An earnings surprise is the reported EPS against the consensus estimate on the day. The price reaction depends as much on guidance and on what was already priced in as on the surprise itself. Read the guide: Earnings season: estimates, surprises and price reaction.
Estimates, confirmed dates and alerts for every company are in Earnings.
Fundamentals
On a trailing twelve month basis the company shows revenue growth of 0.91%, a gross margin of 35.04%, an operating margin of 15.36% and a return on equity of 7.03%.
Assets
| Line | Amount |
|---|---|
| Cash & Cash Equivalents | $7,372,000,000 |
| Inventory | $5,937,000,000 |
| Other Current Assets | $529,000,000 |
| Total Current Assets | $18,291,000,000 |
| Plant, Property & Equipment, Net | $43,625,000,000 |
| Deferred Tax Asset | $6,318,000,000 |
Liabilities and equity
| Line | Amount |
|---|---|
| Other Current Liabilities | $656,000,000 |
| Total Current Liabilities | $15,870,000,000 |
| Minority Interest | $841,000,000 |
| Other Liabilities | $360,000,000 |
| Total Liabilities | $52,175,000,000 |
| Total Stockholders Equity | $33,509,000,000 |
Figures as filed with the SEC for the period ended 31 December 2025, in US dollars.
FundSpec fundamental metrics
Each metric is computed from the company's filings and ranked against every company FundSpec covers; the percentile is the share of covered companies with a lower value.
Liquidity
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Cash Ratio | 0.46 | 60th | Calculated as the ratio of Cash and cash equivalents / Current liabilities. This metric calculates the company's ability to repay its short-term debt |
| Current Ratio | 1.15 | 49th | Calculated as the ratio of Current Assets / Current Liabilities. The higher the current ratio, the more capable the company is of paying its obligations |
Leverage
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Debt/Equity | 0.00 | 14th | Calculated as the ratio of Total Liabilities / Shareholders' Equity. The ratio indicates how much debt a company is using to finance its assets relative to the amount of value represented in shareholders’ equity |
| Degree of Combined Leverage | -68.99 | 3rd | This ratio summarizes the combined effect that the degree of operating leverage (DOL) and the degree of financial leverage have on earnings per share (EPS), given a particular change in sales |
| Degree of Financial Leverage | 1.39 | 81st | Calculated as the ratio of Percentage change in EPS / Percentage change in EBIT. A higher degree of financial leverage means that the company has more volatile EPS. |
| Degree of Operational Leverage | -49.72 | 2nd | Calculated as the ratio of Percentage change in EBIT / Percentage change in revenue. It is a measure of how earnings for the company is impacted by its sales activity. |
Earnings Growth (EBIT)
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| EBIT Pct Growth | -45.3% | 98th | The EBIT growth rate over the trailing twelve months (TTM) |
| EBIT Pct Growth 3 year CAGR | -30.0% | 4th | The EBIT compound annual growth rate (CAGR) over the past 3 years |
| EBIT Pct Growth 5 year CAGR | -14.4% | 3rd | The Adjusted EBIT compound annual growth rate (CAGR) over the past 5 years |
Earnings Growth (EBITDA)
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| EBITDA Pct Growth | -35.2% | 98th | The EBITDA growth rate over the trailing twelve months (TTM) |
| EBITDA Pct Growth 3 year CAGR | -55.7% | 97th | The EBITDA compound annual growth rate (CAGR) over the past 3 years |
| EBITDA Pct Growth 5 year CAGR | -43.4% | 95th | The EBITDA compound annual growth rate (CAGR) over the past 5 years |
Profitability
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Gross Margin Pct | 35.0% | 44th | Calculated as the ratio of Revenue - Cost of Goods Sold (COGS) / Revenue. The gross margin represents the percent of total sales revenue that the company retains after incurring the direct costs associated with producing the goods and services sold by a company. |
| Operating Margin Pct | 15.4% | 74th | Calculated as the ratio of (Revenue - (Cost of Goods Sold + Labour + Sales, General & Administrative)) / Revenue. Operating margins are important because they measure efficiency. The higher the operating margin, the more profitable a company's core business is. |
| Operating Profit Pct Growth | -45.3% | 15th | The Operating Profit growth rate over the trailing twelve months (TTM) |
| Operating Profit Pct Growth 3 year CAGR (FY) | -30.0% | 18th | The Operating Profit compound annual growth rate (CAGR) over the past 3 years |
| Operating Profit Pct Growth 5 year CAGR (FY) | -14.4% | 25th | The Operating Profit compound annual growth rate (CAGR) over the past 5 years |
| PreTax Margin Pct | 13.1% | 69th | Calculated as the ratio of (Gross profit - (Operating Expense + Interest Expense)) / Revenue. The pretax profit margin enables profitability to be compared across companies with significant differences in size, scale, capital structure and tax rates. |
| Return on Equity Pct | 7.0% | 58th | Calculated as the ratio of Net Income / Shareholders' equity. It is a measure of how much profit a company generates with the money shareholders have invested. |
| Return on Invested Capital Pct | 9.7% | 72nd | Calculated as the ratio of (Net Income - Dividends) / (Debt + Equity). It is a measure of how efficient the company is at allocating the capital under its control to profitable investments. |
Earnings Growth (Net Income)
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Net Income Pct Growth | -61.9% | 11th | The Net Income growth rate over the trailing twelve months (TTM) |
| Net Income Pct Growth 3 year CAGR | -50.0% | 11th | The Net Income compound annual growth rate (CAGR) over the past 3 years |
| Net Income Pct Growth 5 year CAGR | -13.6% | 25th | The Net Income compound annual growth rate (CAGR) over the past 5 years |
Top Line Growth
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Revenue Pct Growth | 0.9% | 35th | The Revenue (Sales) growth rate over the trailing twelve months (TTM) |
| Revenue Pct Growth 3 year CAGR | -4.3% | 24th | The Revenue (Sales) compound annual growth rate (CAGR) over the past 3 years |
| Revenue Pct Growth 5 year CAGR | -0.6% | 23rd | The Revenue (Sales) compound annual growth rate (CAGR) over the past 5 years |
Taxes
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Effective Tax Rate Pct | 57.4% | 96th | The effective tax rate of the company over the trailing twelve months (TTM). |
Margins and returns say how much of each dollar of sales becomes profit and how hard the balance sheet is working; leverage and liquidity say how much room the company has when conditions turn. Read the guide: A practical guide to discounted cash flow valuation.
Fair value, peer multiples and the full statement history are in the app: open VALE in FundSpec.
SEC filings
The latest filing is a 20-F from 27 March 2026.
| Filed | Form | Document |
|---|---|---|
| 27 Mar 2026 | 20-F | View on sec.gov |
| 28 Mar 2025 | 20-F | View on sec.gov |
| 19 Apr 2024 | 20-F | View on sec.gov |
| 13 Apr 2023 | 20-F | View on sec.gov |
| 14 Apr 2022 | 20-F | View on sec.gov |
| 24 Mar 2021 | 20-F | View on sec.gov |
| 3 Apr 2020 | 20-F | View on sec.gov |
| 18 Apr 2019 | 20-F | View on sec.gov |
| 13 Apr 2018 | 20-F | View on sec.gov |
| 11 Apr 2017 | 20-F | View on sec.gov |
Company profile
- Exchange
- NYSE
- Sector
- Metal Mining
- Industry
- Non-Metallic And Industrial Metal Mining
- Headquarters
- RIO DE JANEIRO
- Chief executive
- Eduardo De Salles Bartolomeo
- Employees
- 64,500
- Website
- vale.com
- SEC CIK
- 0000917851
Vale S.A. produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking. The Base Metals segment produces and extracts nickel and its by-products, such as gold, silver, cobalt, precious metals, and others. The company was formerly known as Companhia Vale do Rio Doce.
Sector and peers
Vale S.A. is part of the Metal Mining sector, which FundSpec tracks across 85 companies.
Companies in the same industry by market capitalization:
BHP BHP Group LtdRIO Companhia Vale Do Rio Doce /FiSCCO Southern Copper Corp/FCX Freeport-Mcmoran Inc.AU AngloGold Ashanti PLCCCJ Cameco Corp.GFI Gold Fields Ltd.
Put two of them side by side in Compare.
In FundSpec: the fair value estimate, the momentum reading, relative valuation against sector and industry peers, unusual options activity and AI model signals for VALE are available to subscribers, with the same screen in the iOS and Android apps.
Open VALE in FundSpec