Vale S.A. (NYSE:VALE) is one of the 8 Most Undervalued Growth Stocks to Buy Right Now.
On May 27, 2026, Scotiabank analyst Alfonso Salazar raised the firm’s price target on Vale S.A. (NYSE:VALE) to $18 from $16.50 previously and maintained a Sector Perform rating on the shares
Salazar said Scotiabank has begun including copper growth in its valuation model and price target following the publication of the Vale Base Metals Asset Handbook. On May 22, 2026, JPMorgan also raised the firm’s price target on Vale S.A. (NYSE:VALE) to $19.50 from $18.50 previously and maintained an Overweight rating on the shares. JPMorgan updated the company’s model.
Photo by Francisco Fernandes on Unsplash In April, Vale S.A. (NYSE:VALE) reported Q1 iron ore output of 69.68M metric tons, compared to 67.67M last year. Iron ore production totaled 69.7 Mt, up 3% year-over-year, supported by record output at S11D and Brucutu and continued ramp-up of the Capanema and VGR1 projects. Pellet production rose 14% year-over-year to 8.2 Mt, while iron ore sales increased 4% year-over-year to 68.7 Mt.