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In the latest close session, VALE S.A. (VALE - Free Report) was up +1.9% at $15.56. This move outpaced the S&P 500's daily loss of 0.58%. Meanwhile, the Dow experienced a drop of 1.18%, and the technology-dominated Nasdaq saw a decrease of 0.32%.

The stock of company has risen by 2.55% in the past month, lagging the Basic Materials sector's gain of 2.77% and overreaching the S&P 500's loss of 0.36%.

Investors will be eagerly watching for the performance of VALE S.A. in its upcoming earnings disclosure. The company is expected to report EPS of $0.57, down 9.52% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $11.38 billion, indicating a 9.2% growth compared to the corresponding quarter of the prior year.

VALE's full-year Zacks Consensus Estimates are calling for earnings of $1.9 per share and revenue of $41.29 billion. These results would represent year-over-year changes of +4.4% and +7.51%, respectively.

It is also important to note the recent changes to analyst estimates for VALE S.A. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.

The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. VALE S.A. presently features a Zacks Rank of #3 (Hold).

In the context of valuation, VALE S.A. is at present trading with a Forward P/E ratio of 8.02. This indicates a discount in contrast to its industry's Forward P/E of 8.04.

The Mining - Iron industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 102, placing it within the top 42% of over 250 industries.

The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.

The compensation agreement with miners BHP (BHP.AX), Vale (VALE3.SA) and Samarco for the Mariana dam collapse in 2015 has been joined by 19 new cities, ​including the one that was the epicenter of the disaster, a Brazilian ‌court said on Thursday.

As a result, the deal, signed and ratified in October 2024, now has the support of 45 of the 49 municipalities eligible to receive funds.

The 2015 dam collapse in an iron ​ore mine owned by Samarco, a joint venture between Vale and BHP, ​near the city of Mariana in southeastern Brazil, killed 19 people, left ⁠hundreds homeless, flooded forests and polluted the length of the Doce River.

The agreement ​established the payment of 170 billion reais ($32.74 billion) in compensation and reparation for one of ​the country's worst environmental disasters, with some 6 billion reais earmarked for affected cities.

But as of March 2025, only 26 cities had joined the deal, with many cities arguing the 170 billion-real amount ​was not enough to compensate for the vast damage. The initial resistance to ​signing it was also influenced by parallel legal action against BHP in London, which also seeks reparations ‌for ⁠the collapse that could yield an even higher compensation amount.

In November, London's High Court ruled BHP was responsible under Brazilian law for the dam collapse. A further trial to decide on any damages to be paid was expected to begin in April 2027.

The cities' ​participation in the ​agreement is viewed as ⁠important for Samarco, as it seeks to move beyond uncertainties stemming from the collapse.

"We consider this a historic victory for the ​city," Mariana Mayor Juliano Duarte said in a press conference. "We have ​several individuals ⁠and companies that are still involved in the UK lawsuit. We, as the city government, will continue to stand by these people."

The court said it remains available to accept ⁠any future ​adherence by the four cities that have yet ​to join the agreement: Ouro Preto, Governador Valadares and Resplendor, in Minas Gerais state, and Colatina, in Espirito ​Santo state.

($1 = 5.1925 reais)

Key Takeaways Vale raised 2026 iron ore cost guidance while accelerating copper projects and shareholder returns.Bacaba commissioning moved to Q3 2027, with copper output still targeted at about 700,000 tons by 2035.Vale cut 2026 freight spot exposure below 10% and raised 2027 fuel hedging to roughly 70% at about $77. Vale S.A. (VALE - Free Report) used its second-quarter 2026 earnings call to emphasize faster copper development, execution and shareholder returns, while acknowledging a higher iron ore cost base tied to currency, oil and freight assumptions.

Earnings of 36 cents per share missed the Zacks Consensus Estimate of 41 cents by 12.20%. Revenues of $10.49 billion topped the consensus estimate of $10.40 billion by 0.90%, but management focused the call on forward priorities.

VALE Raises Iron Ore Cost AssumptionsMarcelo Bacci, executive vice president of finance and investor relations, raised 2026 iron ore C1 cash cost guidance to $22.50-$23.50 per ton from $20-$21.50. He cited a stronger Brazilian real, higher diesel prices and inventory effects.

Bacci also lifted all-in cost guidance to $58-$62 per ton from $52-$56. The range assumes Brent crude at $86 per barrel and an exchange rate of 5.13 Brazilian reais per dollar.

The offset came from base metals. Bacci lowered copper all-in cost guidance to $0-$500 per ton and nickel guidance to $10,000-$11,500 per ton, citing operating improvements and stronger by-product economics.

Vale Accelerates the Copper PipelineGustavo Pimenta, chief executive officer, said Bacaba is scheduled to start commissioning in the third quarter of 2027, ahead of the prior first-half 2028 timetable. The 50,000-ton project was 39% complete at quarter-end.

Shaun Usmar, chief executive officer of Vale Base Metals, told a JPMorgan analyst that organizational changes, simpler capital allocation and tighter execution reduced Bacaba’s capital needs and improved returns.

Usmar told an Itaú BBA analyst that the discipline can be applied across the six-project pipeline, while stopping short of advancing Alemão’s timing. Management continues to target roughly 700,000 tons of annual copper production by 2035.

VALE Defends Its Freight StrategyRogério Nogueira, executive vice president of commercial and development, told a JPMorgan analyst that about 75% of Vale’s freight portfolio is secured under long-term time-charter contracts.

Nogueira said mini contracts of affreightment and freight derivatives reduced 2026 spot exposure to less than 10%. He confirmed to a Morgan Stanley analyst that second-half exposure also remains below 10%.

In response to Goldman Sachs, Nogueira said Vale increased 2027 fuel hedging to roughly 70%. Bacci, executive vice president of finance and investor relations, put the average Brent-equivalent hedge price at about $77 on a Brent-equivalent basis.

Vale Ties Payouts to Debt ProgressBacci, executive vice president of finance and investor relations, said second-half cash generation will determine the next capital-allocation decisions. He expects expanded net debt to approach the $15 billion reference level by year-end.

The board approved $1.7 billion in dividends and interest on capital for September and authorized a new buyback program covering up to 100 million shares over 18 months.

Bacci told an Itaú BBA analyst that the choice between additional buybacks and dividends will depend on cash flow, share price and tax considerations. He expects a decision later in the third quarter or early in the fourth.

VALE Sees Resilient Iron Ore DemandNogueira, executive vice president of commercial and development, told a Bank of America analyst that global pig iron production remained broadly stable, with improving demand outside China offsetting weaker Chinese indicators.

He said Chinese steel exports reached 55 million tons in the first half. At an iron ore price of $95 per ton and elevated freight and oil assumptions, Vale’s analysis placed about 120 million tons of supply near its cost limit.

Pimenta, chief executive officer, maintained confidence in full-year production guidance. He highlighted the July start of Serra Sul +20 and fourth-quarter commissioning of Compact Crushing, designed together to add 20 million tons of capacity and improve reliability.

Vale Keeps Execution at the CenterPimenta, chief executive officer, closed with an emphasis on production reliability, cost competitiveness, disciplined capital allocation and high-return growth. He also said Vale intends to remain substantially invested in copper.

Management was confident on controllable factors but direct about external cost pressure. The near-term agenda combines project delivery, efficiency, freight protection and balance-sheet discipline.

VALE’s Zacks Signals Stay CautiousVALE currently carries a Zacks Rank #5 (Strong Sell).

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Its Momentum Score of A, Value Score of B and VGM Score of B are favorable, while the Growth Score of D is weaker.

The Style Scores complement rather than override the Zacks Rank, which reflects earnings-estimate revisions over a one-to-three-month horizon. The rank can change as analysts revise estimates after the newly reported results.

3 Dividend Stocks Under $30 to Anchor Your PortfolioVale NYSE: VALE said its second-quarter 2026 operating performance supported confidence in meeting annual production guidance, as higher volumes, improved price realization and gains at its base-metals operations lifted pro forma EBITDA 19% year over year to $4.1 billion.

The company also announced $1.7 billion in dividends and interest on capital, scheduled for payment in September, and extended its share repurchase program. The board authorized a new buyback program for as many as 100 million shares over 18 months, equivalent to 2.3% of outstanding shares.

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3 ETFs Every Investor Needs to Hedge S&P 500 Volatility“We once again delivered solid year-on-year results across all commodities,” Vale said during the call, citing production increases in iron ore, copper and nickel. The company narrowed its copper and nickel production guidance ranges, implying higher midpoints, following continued operating improvements.

Iron Ore Output and Serra Sul Projects Iron ore production reached Vale’s highest second-quarter level since 2018, supported by the ramp-up of the Capanema and Vargem Grande projects and record output at the S11D operation. Iron ore sales volumes rose 3% from a year earlier.

3 Stocks Under $10 That Could Turn Risk Into RewardVale said it began commissioning the second long-distance conveyor belt at S11D in July as part of the Serra Sul +20 project. The project, which includes mine and plant expansions, is intended to increase operating flexibility. The company expects to begin commissioning its Compact Crusher project in the fourth quarter, designed to address constraints involving jaspilite ore at Serra Sul.

Together, the projects are expected to add 20 million metric tons of capacity at Serra Sul and expand Vale’s high-grade product portfolio.

On costs, Executive Vice President of Finance and Investor Relations Marcelo Bacci said iron ore C1 cash cost, excluding third-party purchases, rose 9% year over year to $24.10 per ton in the second quarter. All-in costs increased 18% to $61.60 per ton, reflecting the appreciation of the Brazilian real, higher diesel costs and higher freight costs.

Vale revised its 2026 iron ore cost outlook to account for external conditions. It now expects C1 cash costs excluding third-party purchases of $22.50 to $23.50 per ton, compared with its prior range of $20 to $21.50 per ton. It raised all-in cost guidance to $58 to $62 per ton from $52 to $56 per ton.

Bacci said roughly 70% of the higher C1 outlook is attributable to exchange-rate and diesel effects. Vale’s Brent oil hedging program provided an approximately $100 million benefit during the quarter, or $1.60 per ton, bringing all-in costs to $60 per ton when the hedge’s impact is included.

Base Metals Performance and Copper Growth Vale Base Metals generated $1.3 billion in EBITDA, nearly 80% higher than a year earlier, aided by stronger realized prices and operating execution. Copper production increased 6% year over year to its strongest second-quarter level in nine years, while copper sales rose 10%. The company cited record second-quarter production at Salobo and strong results at Sossego.

Nickel production rose 4% and nickel sales volumes increased 7%, supported by volumes from Onça Puma and Voisey’s Bay.

Vale lowered its 2026 base-metals cost guidance. Copper all-in cost is now expected to range from zero to $500 per ton, compared with prior guidance of $1,000 to $1,500 per ton. Nickel all-in cost guidance was reduced to $10,000 to $11,500 per ton from $12,000 to $13,500 per ton.

Chief Executive Officer of Vale Base Metals Shaun Usmar said construction at the Bacaba copper project is progressing ahead of schedule, with commissioning now expected in the third quarter of 2027 rather than the first half of 2028. Bacaba has 50,000 tons of capacity and is the first of six projects supporting Vale’s target to double copper production to about 700,000 tons annually by 2035.

Usmar said Vale had reduced Bacaba’s capital requirements by nearly 50% and was nearly 40% through the project. He added that the company expects to formally announce the Salobo coarse-particle flotation project in the coming weeks.

At Sossego, Vale expects a maintenance shutdown from August through November, including work on the SAG mill. Usmar said the shutdown will affect copper volumes and costs in the second half, particularly the third quarter.

Cash Flow, Capital Returns and Freight Strategy Vale reported $1.5 billion in free cash flow for the quarter, supported by EBITDA and a $337 million positive cash impact from currency and oil hedge settlements. Capital expenditures totaled $1.1 billion. Expanded net debt declined by more than $1.1 billion sequentially to $16.7 billion, and Bacci said Vale expects the measure to continue moving toward its $15 billion reference level.

The company repurchased $140 million of shares during the quarter, bringing year-to-date repurchases to $214 million. Bacci said the level and composition of additional shareholder remuneration will depend on second-half cash generation, year-end net debt, share-price considerations and tax factors.

Executive Vice President of Commercial and Development Rogério Nogueira said Vale has reduced its spot freight exposure to below 10% for the second half through long-term time-charter agreements, shorter-term contracts of affreightment and freight derivatives. About 75% of its freight portfolio is under long-term time-charter contracts, he said.

Vale also said it has hedged close to 70% of its expected 2027 Brent exposure at an average equivalent price of about $77 per barrel through a combination of zero-cost collars and forward agreements.

Operations, Innovation and Market Outlook Vale said Fábrica and Vega are operationally ready to restart after receiving municipal approvals, though it is still working with state and federal authorities. The company said it does not expect the status of those operations to affect its annual guidance. Its Oman pelletizing operation remains active, with a planned October stoppage for a tie-in to a new concentration plant.

Executive Vice President of Operations Carlos Medeiros said a project at the Conceição II concentration plant increased production volume by 25% after starting in March and shifted output toward direct-reduction feed. Vale is rolling out the technology at Brucutu and expects to complete that work during the first half of next year before extending it to other Minas Gerais plants.

On the iron ore market, Nogueira said Vale sees global pig iron production as broadly stable, with stronger steel production outside China helping offset softer Chinese domestic conditions. He said Vale’s cost-curve simulations suggest that, with Brent crude near $90 per barrel, about 120 million tons of iron ore supply would approach its cost limit at an iron ore price of $95 per ton.

About Vale (NYSE:VALE)Vale SA is a Brazilian multinational mining company and one of the world's largest producers of iron ore and iron ore pellets. In addition to iron ore, the company produces and sells a range of bulk commodities and metals, including nickel, copper, coal, manganese, ferroalloys and cobalt, and it participates in the fertilizer inputs market. Vale also operates extensive logistics assets — including rail, port and maritime logistics — that support its mining and export activities and provide services to third parties in some regions.

Headquartered in Brazil, Vale maintains a global operational footprint with mining, processing and shipping activities across the Americas, Africa, Asia and Oceania.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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For the quarter ended June 2026, VALE S.A. (VALE - Free Report) reported revenue of $10.5 billion, up 19.2% over the same period last year. EPS came in at $0.36, compared to $0.50 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $10.4 billion, representing a surprise of +0.9%. The company delivered an EPS surprise of -12.2%, with the consensus EPS estimate being $0.41.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how VALE performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Volume sold in tons - Pellets: 7,748.00 Kmt versus 7,791.80 Kmt estimated by two analysts on average.Volume sold in tons - Nickel: 44.00 Kmt compared to the 43.45 Kmt average estimate based on two analysts.Volume sold in tons - Fins: 69,946.00 Kmt compared to the 69,883.47 Kmt average estimate based on two analysts.Volume sold in tons - ROM: 2,053.00 Kmt compared to the 1,995.24 Kmt average estimate based on two analysts.Volume sold in tons - Copper: 78.00 Kmt versus the two-analyst average estimate of 96.43 Kmt.Average Price - Iron ore pellets realized price: $137.00 compared to the $136.00 average estimate based on two analysts.C1 cash cost - Iron ore fins - excluding third-party purchase costs: $24.10 versus $24.80 estimated by two analysts on average.Revenue- Vale Base Metals: $2.61 billion versus the two-analyst average estimate of $2.61 billion. The reported number represents a year-over-year change of +41.8%.Revenue- Iron ore solutions- fines: $6.64 billion compared to the $6.69 billion average estimate based on two analysts. The reported number represents a change of +15.3% year over year.Revenue- Vale Base Metals- Copper: $1.56 billion versus the two-analyst average estimate of $1.53 billion. The reported number represents a year-over-year change of +96.1%.Revenue- Vale Base Metals- Nickel: $1.24 billion versus $1.23 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +88.9% change.Revenue- Iron ore solution- Pellets: $1.06 billion versus $1.02 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +5.8% change.View all Key Company Metrics for VALE here>>>

Shares of VALE have remained unchanged over the past month versus the Zacks S&P 500 composite's -0.5% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.

Key Takeaways Vale reports Q2 results on July 30, with sales seen up 15.6% and EPS expected to decline 22% year over year.VALE posted higher iron ore, copper and nickel production, sales and realized prices during the quarter.Vale's higher volumes and pricing may lift revenues, while elevated operating costs could weigh on earnings. Vale S.A. (VALE - Free Report) is set to release its second-quarter 2026 results on July 30, after market close.

The Zacks Consensus Estimate for Vale’s sales is pegged at $10.18 billion, indicating a 15.6% increase from the year-ago quarter's reported figure. The consensus mark for earnings has moved down 18.7% over the past 60 days to 39 cents per share. The figure indicates a 22% year-over-year decline.

Image Source: Zacks Investment Research

VALE’s Earnings Surprise HistoryVale’s earnings performance has been mixed in recent quarters. Earnings missed the Zacks Consensus Estimate in two of the trailing four quarters and beat the mark in the other two, delivering an average surprise of 7.23%.

Image Source: Zacks Investment Research

What the Zacks Model Unveils for VALE StockOur proven model does not conclusively predict an earnings beat for Vale this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, but that is not the case here.

Earnings ESP: The Earnings ESP for Vale is 0.00%. You can uncover the best stocks before they are reported with our Earnings ESP Filter.

Zacks Rank: Vale currently has a Zacks Rank #4 (Sell). 

You can see the complete list of today’s Zacks #1 Rank stocks here.

Factors Likely to Have Shaped Vale's Q2 PerformanceVale recently released its second-quarter production and sales update, offering an insight into its expected quarterly performance. 
Iron ore production was 84.3 Mt, a 0.8% year-over-year increase. This performance was driven by record output at the S11D mine as well as the ramp-up of the Capanema and VGR1 projects. Pellet production was down 7% year over year to 7.3 Mt, owing to the temporary suspension of production at the Oman pellet plants amid the Middle East conflict and the associated logistical constraints.

Iron ore fines sales grew 3.4% from the year-ago quarter to 69.9 Mt. Pellet sales increased 3.5% to 7.7 Mt. Total iron ore sales rose 3% year over year to 79.7 Mt, reflecting the sale of inventories from previous periods and higher production.
Average realized iron ore fines prices were $95 per ton in the quarter, up 11.6% year over year. Realized prices for iron ore pellets were up 2% to $137 per ton.

Copper production was up 6.3% year over year to 98.4 kt. Record production at Salobo and improved performance at Sossego and Voisey’s Bay led to the year-over-year improvement. Vale sold 97.6 kt of copper in the second quarter, which was 9.7% higher than the prior-year quarter, in line with the production increase.

The average realized price for copper operations only (Salobo and Sossego) was $14,062 per ton, marking a 56.5% year-over-year surge. The average realized copper price for all operations (including copper sales originating from nickel operations) was $14,095 per ton.

Nickel production for the quarter was 42 kt, up 4.2% year over year. Higher output from Onça Puma as well as record production at Long Harbour helped offset the impact of the biennial planned maintenance at Sudbury downstream facilities.

Nickel sales were recorded at 44.4 kt, up 7.2% from the year-ago quarter. The average realized nickel price was $18,061 per ton, up 14.3% from the year-ago quarter.

Revenues for the Iron Solutions segment are expected to have benefited from higher iron ore volumes and improved pricing. Higher volumes and prices for both copper and nickel are also expected to have boosted the Base Metals segment’s revenues.

While Vale’s top-line results are expected to reflect higher sales volumes and prices, elevated operating costs are likely to have weighed on its earnings. Vale’s ongoing cost-control initiatives are expected to have cushioned some of the impact.

VALE Stock’s Price Performance & ValuationIn a year, shares of Vale have gained 45.2% compared with the industry’s 38.9% growth.

Image Source: Zacks Investment Research

Stocks Likely to Deliver Earnings BeatHere are some Basic Material stocks with the right combination of elements to post an earnings beat in their upcoming releases.

Ternium (TX - Free Report) , scheduled to release second-quarter 2026 earnings on Aug. 4, has an Earnings ESP of +21.40% and a Zacks Rank of 1 at present. 

The Zacks Consensus Estimate for earnings for Ternium for the second quarter of 2026 is pegged at $1.29 per share, suggesting an 0.8% year-over-year increase. TX has a trailing four-quarter average earnings surprise of 3.51%.

Avient (AVNT - Free Report) , scheduled to release second-quarter 2026 earnings on Aug. 6, has an Earnings ESP of +70.87% and a Zacks Rank of 2 at present. 

The Zacks Consensus Estimate for earnings for Avient for the second quarter of 2026 is 89 cents per share, indicating an 11.2% year-over-year increase. Avient has a trailing four-quarter average earnings surprise of 2.1%.

Element Solutions (ESI - Free Report) , scheduled to release second-quarter 2026 earnings on July 27, has an Earnings ESP of +1.54% and a Zacks Rank of 2 at present.

The Zacks Consensus Estimate for Element Solutions’ earnings for the second quarter of 2026 is pegged at 73 cents per share, indicating 16% growth from the year-ago quarter’s reported figure. Element Solutions has a trailing four-quarter average earnings surprise of 4.6%.

VALE S.A. (VALE - Free Report) closed at $14.22 in the latest trading session, marking a -3.07% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.51%. Meanwhile, the Dow experienced a drop of 0.2%, and the technology-dominated Nasdaq saw a decrease of 1.47%.

Coming into today, shares of the company had lost 5.54% in the past month. In that same time, the Basic Materials sector lost 8.52%, while the S&P 500 gained 0.53%.

The investment community will be paying close attention to the earnings performance of VALE S.A. in its upcoming release. The company is expected to report EPS of $0.39, down 22% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $10.18 billion, indicating a 15.6% upward movement from the same quarter last year.

For the full year, the Zacks Consensus Estimates project earnings of $1.98 per share and a revenue of $40.71 billion, demonstrating changes of +8.79% and +6%, respectively, from the preceding year.

It's also important for investors to be aware of any recent modifications to analyst estimates for VALE S.A. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 6.87% lower. As of now, VALE S.A. holds a Zacks Rank of #3 (Hold).

In terms of valuation, VALE S.A. is currently trading at a Forward P/E ratio of 7.41. This denotes a discount relative to the industry average Forward P/E of 8.18.

The Mining - Iron industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 32, positioning it in the top 14% of all 250+ industries.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow VALE in the coming trading sessions, be sure to utilize Zacks.com.

In the latest trading session, VALE S.A. (VALE - Free Report) closed at $14.22, marking a +1.21% move from the previous day. The stock outperformed the S&P 500, which registered a daily gain of 0.81%. Meanwhile, the Dow gained 0.27%, and the Nasdaq, a tech-heavy index, added 1.3%.

Prior to today's trading, shares of the company had lost 5.89% lagged the Basic Materials sector's loss of 4.72% and the S&P 500's gain of 1.13%.

Market participants will be closely following the financial results of VALE S.A. in its upcoming release. The company's earnings per share (EPS) are projected to be $0.51, reflecting a 2% increase from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $10.65 billion, reflecting a 21% rise from the equivalent quarter last year.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.15 per share and revenue of $41.73 billion. These totals would mark changes of +18.13% and +8.65%, respectively, from last year.

Investors might also notice recent changes to analyst estimates for VALE S.A. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.09% higher. VALE S.A. presently features a Zacks Rank of #3 (Hold).

In the context of valuation, VALE S.A. is at present trading with a Forward P/E ratio of 6.54. For comparison, its industry has an average Forward P/E of 7.47, which means VALE S.A. is trading at a discount to the group.

The Mining - Iron industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 32, putting it in the top 14% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.

VALE S.A. (VALE - Free Report) closed at $14.69 in the latest trading session, marking a -2.65% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.45%. Meanwhile, the Dow experienced a drop of 0.25%, and the technology-dominated Nasdaq saw a decrease of 1.16%.

Shares of the company have appreciated by 0.67% over the course of the past month, outperforming the Basic Materials sector's loss of 0.89%, and lagging the S&P 500's gain of 2.14%.

Analysts and investors alike will be keeping a close eye on the performance of VALE S.A. in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.51, indicating a 2% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $10.65 billion, reflecting a 21% rise from the equivalent quarter last year.

Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.15 per share and revenue of $41.73 billion, indicating changes of +18.13% and +8.65%, respectively, compared to the previous year.

Investors should also pay attention to any latest changes in analyst estimates for VALE S.A. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.09% higher. Right now, VALE S.A. possesses a Zacks Rank of #3 (Hold).

Looking at valuation, VALE S.A. is presently trading at a Forward P/E ratio of 7.03. This denotes a discount relative to the industry average Forward P/E of 8.07.

The Mining - Iron industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 32, positioning it in the top 14% of all 250+ industries.

The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow VALE in the coming trading sessions, be sure to utilize Zacks.com.

VALE S.A. (VALE - Free Report) closed at $14.84 in the latest trading session, marking a -3.07% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 0.1% for the day. Meanwhile, the Dow gained 0.35%, and the Nasdaq, a tech-heavy index, lost 0.43%.

Coming into today, shares of the company had lost 7.21% in the past month. In that same time, the Basic Materials sector lost 3.56%, while the S&P 500 lost 1.34%.

The investment community will be closely monitoring the performance of VALE S.A. in its forthcoming earnings report. The company is predicted to post an EPS of $0.51, indicating a 2% growth compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $10.65 billion, indicating a 21% growth compared to the corresponding quarter of the prior year.

For the full year, the Zacks Consensus Estimates are projecting earnings of $2.15 per share and revenue of $41.73 billion, which would represent changes of +18.13% and +8.65%, respectively, from the prior year.

Any recent changes to analyst estimates for VALE S.A. should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.

Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.51% increase. VALE S.A. is currently sporting a Zacks Rank of #3 (Hold).

Digging into valuation, VALE S.A. currently has a Forward P/E ratio of 7.13. This indicates a discount in contrast to its industry's Forward P/E of 8.16.

The Mining - Iron industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 31, which puts it in the top 13% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.

VALE S.A. (VALE - Free Report) ended the recent trading session at $15.53, demonstrating a -2.82% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 1.22%. On the other hand, the Dow registered a loss of 0.98%, and the technology-centric Nasdaq decreased by 1.35%.

The stock of company has fallen by 0.19% in the past month, lagging the Basic Materials sector's gain of 3.65% and the S&P 500's gain of 1.56%.

Market participants will be closely following the financial results of VALE S.A. in its upcoming release. In that report, analysts expect VALE S.A. to post earnings of $0.51 per share. This would mark year-over-year growth of 2%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $10.65 billion, up 21% from the year-ago period.

For the full year, the Zacks Consensus Estimates are projecting earnings of $2.13 per share and revenue of $41.73 billion, which would represent changes of +17.03% and +8.65%, respectively, from the prior year.

Investors should also pay attention to any latest changes in analyst estimates for VALE S.A. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.28% upward. Right now, VALE S.A. possesses a Zacks Rank of #3 (Hold).

Valuation is also important, so investors should note that VALE S.A. has a Forward P/E ratio of 7.52 right now. Its industry sports an average Forward P/E of 8.94, so one might conclude that VALE S.A. is trading at a discount comparatively.

The Mining - Iron industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 27, putting it in the top 12% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.

The logo of the Brucutu mine owned by Brazilian mining company Vale SA is seen in Sao Goncalo do Rio Abaixo, Brazil February 4, 2019. REUTERS/Washington Alves Purchase Licensing Rights, opens new tab

CompaniesRIO DE JANEIRO, June 15 (Reuters) - Brazilian miner Vale (VALE3.SA), opens new tab plans to invest up to 13 billion reais ($2.56 billion) in ​decarbonization initiatives to meet its voluntary emissions reduction ‌targets and mitigate climate-related risks, a sustainability report showed on Monday.

The company did not specify the timeframe for the ​investment. The amount includes up to 4 billion ​reais for decarbonizing operations, with 24% invested in ⁠the medium term and 76% in the long ​term.

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Another 8 billion reais is linked to building industrial ​complexes focused on low-carbon technologies, which includes steelmaking transition technologies and iron ore briquette development.

The remaining 1 billion reais would go ​for research and development, the firm said.

Vale invested ​9 billion reais in decarbonization initiatives from 2020 to 2025.

Through these ‌initiatives, ⁠Vale sees potential for financial and environmental returns for its business, Grazielle Parenti, executive vice president of sustainability, said in an interview with Reuters.

"Within Vale's governance ​framework, all ​projects and ⁠decisions of this caliber are evaluated using an environmental, social, and governance matrix that ​identifies potential risks and opportunities for each ​one," ⁠she said.

The company also warned on Monday it could face carbon costs of up to 22 billion reais ⁠at ​present value from carbon pricing ​mechanisms, with substantial impacts expected from 2030 onwards.

($1 = 5.0686 reais)

Reporting by Marta ​Nogueira; Writing by Fernando Cardoso; Editing by Aurora Ellis

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Posted by Defense World Staff on Apr 21st, 2026

Fortis Capital Advisors LLC bought a new position in shares of Vale S.A. (NYSE:VALE – Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 69,513 shares of the basic materials company’s stock, valued at approximately $906,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC raised its position in shares of Vale by 4.9% during the first quarter. NewEdge Advisors LLC now owns 79,400 shares of the basic materials company’s stock worth $792,000 after purchasing an additional 3,704 shares during the period. Jones Financial Companies Lllp grew its position in shares of Vale by 46.6% in the 1st quarter. Jones Financial Companies Lllp now owns 37,613 shares of the basic materials company’s stock valued at $375,000 after purchasing an additional 11,964 shares during the period. Empowered Funds LLC bought a new stake in Vale during the 1st quarter worth approximately $171,000. Strs Ohio bought a new stake in Vale during the 1st quarter worth approximately $117,000. Finally, Sivia Capital Partners LLC acquired a new stake in Vale during the 2nd quarter worth approximately $123,000. 21.85% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling In other Vale news, VP Sobrinho Sami Arap acquired 12,990 shares of the business’s stock in a transaction dated Wednesday, April 1st. The stock was bought at an average cost of $16.11 per share, with a total value of $209,268.90. Following the completion of the transaction, the vice president directly owned 12,990 shares in the company, valued at approximately $209,268.90. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Parenti Grazielle Tallia bought 10,464 shares of Vale stock in a transaction dated Wednesday, April 1st. The shares were acquired at an average price of $16.11 per share, with a total value of $168,575.04. Following the completion of the purchase, the insider directly owned 10,464 shares in the company, valued at $168,575.04. This trade represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing.

Wall Street Analysts Forecast Growth VALE has been the topic of a number of research reports. Wells Fargo & Company lifted their price target on shares of Vale from $15.50 to $17.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Vale in a research report on Friday, April 10th. Zacks Research lowered shares of Vale from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 5th. Bank of America raised shares of Vale from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $18.00 to $19.00 in a research report on Thursday, April 2nd. Finally, The Goldman Sachs Group upped their target price on shares of Vale from $13.80 to $18.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Vale currently has an average rating of “Moderate Buy” and an average price target of $16.02.

Get Our Latest Research Report on VALE

Vale Stock Performance Shares of VALE opened at $17.82 on Tuesday. The firm has a 50-day moving average of $16.14 and a 200-day moving average of $14.19. Vale S.A. has a one year low of $8.97 and a one year high of $17.94. The company has a market cap of $80.86 billion, a PE ratio of 31.81 and a beta of 0.53. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.15 and a quick ratio of 0.78.

Vale (NYSE:VALE – Get Free Report) last issued its earnings results on Friday, February 13th. The basic materials company reported ($0.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($1.42). Vale had a net margin of 6.12% and a return on equity of 20.16%. The firm had revenue of $11.06 billion during the quarter, compared to the consensus estimate of $10.86 billion. As a group, equities analysts forecast that Vale S.A. will post 2.11 earnings per share for the current year.

Vale Profile (Free Report)

Vale SA is a Brazilian multinational mining company and one of the world’s largest producers of iron ore and iron ore pellets. In addition to iron ore, the company produces and sells a range of bulk commodities and metals, including nickel, copper, coal, manganese, ferroalloys and cobalt, and it participates in the fertilizer inputs market. Vale also operates extensive logistics assets — including rail, port and maritime logistics — that support its mining and export activities and provide services to third parties in some regions.

Headquartered in Brazil, Vale maintains a global operational footprint with mining, processing and shipping activities across the Americas, Africa, Asia and Oceania.

Featured Stories Five stocks we like better than Vale Want to see what other hedge funds are holding VALE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vale S.A. (NYSE:VALE – Free Report).

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Key Takeaways Vale is expected to report 13.7% y/y growth in Q1 revenues to $9.23B, with EPS rising 34.3%.VALE saw higher iron ore, copper and nickel production, supported by strong output and project ramp-ups.Higher metal prices and volumes lifted revenues, while cost controls helped offset cost pressure on margins. Vale S.A. (VALE - Free Report) is expected to post year-over-year growth in revenues and earnings when it reports first-quarter 2026 results on April 28, after market close.

The Zacks Consensus Estimate for Vale’s sales is pegged at $9.23 billion, indicating a 13.7% increase from the year-ago quarter's reported figure. The consensus mark for earnings has moved up 14.6% over the past 60 days to 47 cents per share. The figure indicates solid 34.3% year-over-year growth.

Image Source: Zacks Investment Research

VALE’s Earnings Surprise HistoryVale’s earnings performance has been mixed in recent quarters. Earnings missed the Zacks Consensus Estimate in two of the trailing four quarters and beat the mark in the other two, delivering a positive average surprise of 7.47%.

Image Source: Zacks Investment Research

What the Zacks Model Unveils for VALE StockOur proven model does not conclusively predict an earnings beat for Vale this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, but that is not the case here.

Earnings ESP: The Earnings ESP for Vale is 0.00%. You can uncover the best stocks before they are reported with our Earnings ESP Filter.

Zacks Rank: Vale currently has a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here.

Factors Likely to Have Shaped Vale's Q1 PerformanceVale recently released its first-quarter production and sales update, offering an insight into its expected quarterly performance. 
Iron ore production was 69.7 Mt, a 3% year-over-year increase. This performance was driven by record output at the S11D and Brucutu plant, as well as the ramp-up of the Capanema and VGR1 projects. Pellet production was up 13.7% year over year to 8.2 Mt, driven by improved performance at the Tubarão pelletizing plants.

Iron ore fines sales grew 4.7% from the year-ago quarter to 59.4 Mt. Pellet sales increased 2.7% to 7.7 Mt. Total iron ore sales rose 3.9% year over year to 68.7 Mt.

Average realized iron ore fines prices were $95.8 per ton in the quarter, up 5.5% year over year. Realized prices for iron ore pellets declined 5% to $133.8 per ton. 

Copper production was up 12.5% year over year to 102 kt. Record output at Salobo and Sossego, as well as improved performance at Voisey's Bay polymetallic mines, led to the year-over-year improvement. Vale sold 91.2 kt of copper in the first quarter, which was 11.4% higher than the prior-year quarter.

The average realized price for copper operations only (Salobo and Sossego) was $13,143 per ton, marking a 47.8% year over year surge. The average realized copper price for all operations (including copper sales originating from nickel operations) was $13,305 per ton.

Nickel production for the quarter was 49.3 kt, up 12.3% year over year. This reflected the full quarter contribution of Onça Puma's second furnace and stable output at Voisey's Bay underground mines ramp-up. Nickel sales were recorded at 44.8 kt, up 15.2% from the year-ago quarter. The average realized nickel price was $17,105 per ton, up 5.6% from the year-ago quarter.

Revenues for the Iron Solutions segment are expected to have benefited from higher iron ore volumes and improved pricing, partially offset by weaker pellet revenues (due to lower prices). Higher volumes and prices for both copper and nickel are expected to have boosted the Base Metals segment’s revenues.

While elevated input costs are likely to have weighed on margins, Vale’s ongoing cost-control initiatives are expected to have cushioned the impacts.

VALE Stock’s Price Performance & ValuationIn a year, shares of Vale have surged 84.8% compared with the industry’s 84.1% growth.

Image Source: Zacks Investment Research

Stocks Likely to Deliver Earnings BeatHere are some Basic Material stocks with the right combination of elements to post an earnings beat in their upcoming releases.

Teck Resources (TECK - Free Report) , scheduled to release first-quarter 2026 earnings on April 23, has an Earnings ESP of +3.21% and a Zacks Rank of 2 at present. 

The Zacks Consensus Estimate for earnings for Teck Resources for the first quarter of 2026 is pegged at 74 cents per share, suggesting an 76% year-over-year increase. Teck Resources has a positive trailing four-quarter average earnings surprise of 54.3%.

CF Industries (CF - Free Report) , scheduled to release first-quarter 2026 earnings on May 6, has an Earnings ESP of +7.21% and a Zacks Rank of 3 at present. 

The Zacks Consensus Estimate for earnings for CF Industries for the first quarter of 2026 is $2.22 per share, indicating a 20% year-over-year increase. CF Industries has a positive trailing four-quarter average earnings surprise of 13.15%.

Carpenter Technology (CRS - Free Report) , scheduled to release first-quarter 2026 earnings on April 29, has an Earnings ESP of +1.94% and a Zacks Rank of 3 at present.

The Zacks Consensus Estimate for Carpenter Technology earnings for the first quarter of 2026 is pegged at $2.59 per share, indicating 38% growth from the year-ago quarter’s reported figure. Carpenter Technology has a positive trailing four-quarter average earnings surprise of 9.23%.

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For the quarter ended March 2026, VALE S.A. (VALE - Free Report) reported revenue of $9.26 billion, up 14% over the same period last year. EPS came in at $0.44, compared to $0.35 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $9.29 billion, representing a surprise of -0.38%. The company delivered an EPS surprise of -6.38%, with the consensus EPS estimate being $0.47.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how VALE performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Volume sold in tons - Pellets: 7,699.00 Kmt versus the two-analyst average estimate of 7,664.67 Kmt.Volume sold in tons - Nickel: 45.00 Kmt compared to the 46.65 Kmt average estimate based on two analysts.Volume sold in tons - Fins: 59,436.00 Kmt versus 59,188.46 Kmt estimated by two analysts on average.Volume sold in tons - ROM: 1,578.00 Kmt versus 1,510.59 Kmt estimated by two analysts on average.Volume sold in tons - Copper: 72.00 Kmt compared to the 91.99 Kmt average estimate based on two analysts.Average Price - Iron ore pellets realized price: $133.80 versus the two-analyst average estimate of $132.85.C1 cash cost - Iron ore fins - excluding third-party purchase costs: $23.60 compared to the $23.92 average estimate based on two analysts.Revenue- Vale Base Metals: $2.38 billion versus the two-analyst average estimate of $2.6 billion.Revenue- Iron ore solutions- fines: $5.69 billion versus $5.62 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +10.4% change.Revenue- Vale Base Metals- Copper: $1.41 billion versus the two-analyst average estimate of $1.4 billion. The reported number represents a year-over-year change of +57.1%.Revenue- Vale Base Metals- Nickel: $1.18 billion compared to the $1.26 billion average estimate based on two analysts. The reported number represents a change of +22.2% year over year.Revenue- Iron ore solution- Pellets: $1.03 billion versus $1 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -2.4% change.View all Key Company Metrics for VALE here>>>

Shares of VALE have returned +6.3% over the past month versus the Zacks S&P 500 composite's +12.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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Published in earnings earnings-estimates-revisions earnings-surprise

Item 1 of 5 The Guaibamax-class vessel used by Brazilian miner Vale, part of a new ore-shipping fleet that uses spinning sails (cylindrical structures in background) to reduce fuel consumption, in Porto de Tubarao in Vitoria, Espirito Santo state, Brazil April 28, 2026. REUTERS/Pilar Olivares

[1/5]The Guaibamax-class vessel used by Brazilian miner Vale, part of a new ore-shipping fleet that uses spinning sails (cylindrical structures in background) to reduce fuel consumption, in Porto de... Purchase Licensing Rights, opens new tab Read more

SummaryCompaniesVale to expand sail-equipped fleet to at least 20 vesselsSails help save in fuel costs, narrow gap to Australian rivalsTechnology has helped shield Vale from Iran war ​fuel price hikesVITORIA, Brazil, April 30 (Reuters) - Vale (VALE3.SA), opens new tab plans to more than ‌double its fleet of sail-equipped iron ore carriers, with the cost-saving technology to expand to at least 20 vessels within the next three years, easing the Brazilian miner's exposure to marine fuel ​price volatility.

The spinning cylindrical sails about as high as a 10-storey building harness ​wind power during transoceanic voyages saving up to 10% in fuel ⁠consumption depending on the vessel, Vale's general manager for shipping, Rafael Fischer, said on ​Tuesday.

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Freight costs are significant for the mining sector and have climbed during the Iran war.

"Energy ​efficiency means we rely less and less on fuel, which reduces the impact of any variation in bunker fuel prices," Fischer told Reuters aboard one of the sail-equipped vessels, docked at the Tubarao ​port in Espirito Santo state.

Vale currently has eight sail-equipped vessels, the result of ​a decade-long strategy focused on lowering emissions and improving efficiency that has shielded the company somewhat as ‌the ⁠Middle East conflict drives up oil product prices.

Saving on fuel is a major concern at Vale, as it mainly ships iron ore to China, where it faces competition from suppliers in Australia.

"We have a geographic disadvantage compared with our competitors, so we ​are using innovation as ​a lever to ⁠mitigate that effect," Fischer said.

ETHANOL-POWERED SHIPSBeyond adding sails, Vale is also making its vessels fuel-flexible, said Fischer.

Earlier this month, it announced a ​25-year charter agreement with China's Shandong Shipping Corporation for the ​construction of ⁠two of the world's first ethanol-fueled transoceanic vessels equipped with sails.

The ships will also be able to run on methanol or conventional bunker fuel, with future conversion options for liquefied ⁠natural ​gas and ammonia.

"In the future, we will have the ​option of at least five fuels, which gives us the flexibility to adapt to different situations and ​market conditions," said Fischer.

Reporting by Marta Nogueira; Writing by Fabio Teixeira; Editing by Joe Bavier

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Marta Nogueira is a correspondent in Rio de Janeiro, covering Brazil’s oil and mining sectors and their impact on the economy, the environment, and people’s lives. She has been with Reuters since 2014, reporting on major developments in energy and natural resources, including Brazil’s energy policy, commodity markets, and environmental challenges tied to resource extraction. Previously, she worked at Brazilian newspapers Valor Economico and Jornal do Brasil.

VALE S.A. (VALE - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.

Over the past month, shares of this company have returned -1.6%, compared to the Zacks S&P 500 composite's +9.5% change. During this period, the Zacks Mining - Iron industry, which VALE falls in, has lost 1.7%. The key question now is: What could be the stock's future direction?

While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.

Earnings Estimate RevisionsRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.

We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

VALE is expected to post earnings of $0.49 per share for the current quarter, representing a year-over-year change of -2%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.

For the current fiscal year, the consensus earnings estimate of $2.12 points to a change of +16.5% from the prior year. Over the last 30 days, this estimate has changed -1.9%.

For the next fiscal year, the consensus earnings estimate of $2.2 indicates a change of +4% from what VALE is expected to report a year ago. Over the past month, the estimate has changed +2.8%.

With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for VALE.

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Revenue Growth ForecastEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.

For VALE, the consensus sales estimate for the current quarter of $10.29 billion indicates a year-over-year change of +16.9%. For the current and next fiscal years, $41.27 billion and $41.13 billion estimates indicate +7.5% and -0.3% changes, respectively.

Last Reported Results and Surprise HistoryVALE reported revenues of $9.26 billion in the last reported quarter, representing a year-over-year change of +14%. EPS of $0.44 for the same period compares with $0.35 a year ago.

Compared to the Zacks Consensus Estimate of $9.29 billion, the reported revenues represent a surprise of -0.38%. The EPS surprise was -6.38%.

Over the last four quarters, VALE surpassed consensus EPS estimates two times. The company topped consensus revenue estimates two times over this period.

ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.

While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.

As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

VALE is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about VALE. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.

© FabioIm / iStock Editorial via Getty Images

The iShares MSCI Brazil ETF (NYSEARCA:EWZ) has rallied alongside Brazilian equities, lifting shares roughly 48% over the past year. EWZ pays a variable semi-annual distribution funded by dividends from the largest Brazilian companies. After a powerful 2024 through 2025 commodity cycle, holders want to know whether the next checks will sustain or fade. EWZ’s distribution is structurally durable but mathematically unpredictable, and understanding that contradiction is what holders need.

How the distribution gets written EWZ tracks the MSCI Brazil 25/50 Index and holds roughly 50 large- and mid-cap Brazilian stocks, with iron-ore miner Vale, state oil company Petrobras, and the country’s big banks (Itaú Unibanco, Banco Bradesco, Banco do Brasil) typically commanding the largest weights. The fund collects whatever those companies pay in Brazilian reais, converts proceeds to dollars, deducts the 0.59% expense ratio, and passes the rest along twice a year. The distribution is whatever Brazilian corporate boards decide to send out, translated through the BRL/USD rate.

That mechanic explains the recent swings. The June 2025 distribution came in at $0.52, the December 2025 payment at $1.03, plus a January 2026 reconciliation of $0.11. What matters is whether the underlying companies still have the cash to pay.

Commodity cash flow drives payouts Petrobras and Vale dominate distribution capacity. WTI crude sits at almost $110 a barrel, in the 98th percentile of its 12-month range against a one-year average of $69. Petrobras is a dividend machine when oil holds above $80 and a dividend cutter when it sinks below $60, so current levels point to elevated payouts ahead. Iron ore has stayed firm enough to keep Vale’s variable dividend policy active.

The risk is exactly that dependency. Brazilian commodity producers do not smooth payouts the way US dividend aristocrats do. Petrobras moved to a free-cash-flow-linked formula in 2023, and Vale already pays based on a percentage of operating cash flow. When commodities turn, the dividend turns with them, often within one or two quarters.

Banks and currency volatility The Financials sleeve, the index’s largest, has been the steadier income contributor. Itaú and Banco do Brasil run healthy capital ratios and high-teens returns on equity, with interim dividend and interest-on-capital payments more predictable than commodity payouts.

Currency does the rest of the work. The real currently fetches roughly $0.20, well off its 2020 through 2021 lows. A weaker real shrinks every dollar distribution even when reais payouts grow. Political risk, BRICS realignment chatter, and fiscal noise out of Brasília routinely move the currency several percent in a quarter, and that volatility passes straight through to EWZ holders.

The performance reality EWZ is up roughly 48% over the past year and 22% year to date at $39 a share. The ten-year total return is just 133%, well behind the S&P 500 over the same stretch. The yield is real, but holders are not earning it on a calm asset. Owning EWZ for income means accepting commodity-cycle whiplash plus currency translation.

The verdict EWZ’s distribution will keep arriving twice a year and will continue to reflect whatever Brazilian dividends and exchange rates produce. Stability is a separate question. The payment will keep moving. Holders seeking smooth, growing income are better served by a US dividend-growth fund. Holders who want direct exposure to Brazilian commodity cash flows, with the currency and political risk that comes with it, own the right ticket. Just do not budget around the next check.

VALE S.A. (VALE - Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.

Shares of this company have returned -6.6% over the past month versus the Zacks S&P 500 composite's +4.6% change. The Zacks Mining - Iron industry, to which VALE belongs, has lost 8.2% over this period. Now the key question is: Where could the stock be headed in the near term?

While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.

Revisions to Earnings EstimatesHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.

We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

VALE is expected to post earnings of $0.49 per share for the current quarter, representing a year-over-year change of -2%. Over the last 30 days, the Zacks Consensus Estimate has changed +6.6%.

For the current fiscal year, the consensus earnings estimate of $2.12 points to a change of +16.5% from the prior year. Over the last 30 days, this estimate has changed +2%.

For the next fiscal year, the consensus earnings estimate of $2.2 indicates a change of +4% from what VALE is expected to report a year ago. Over the past month, the estimate has changed +0.5%.

With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for VALE.

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Revenue Growth ForecastEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.

For VALE, the consensus sales estimate for the current quarter of $10.29 billion indicates a year-over-year change of +16.9%. For the current and next fiscal years, $41.27 billion and $41.13 billion estimates indicate +7.5% and -0.3% changes, respectively.

Last Reported Results and Surprise HistoryVALE reported revenues of $9.26 billion in the last reported quarter, representing a year-over-year change of +14%. EPS of $0.44 for the same period compares with $0.35 a year ago.

Compared to the Zacks Consensus Estimate of $9.29 billion, the reported revenues represent a surprise of -0.38%. The EPS surprise was -6.38%.

Over the last four quarters, VALE surpassed consensus EPS estimates two times. The company topped consensus revenue estimates two times over this period.

ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.

While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.

As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

VALE is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about VALE. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.

VALE S.A. (VALE - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.

Over the past month, shares of this company have returned -2.6%, compared to the Zacks S&P 500 composite's +4.6% change. During this period, the Zacks Mining - Iron industry, which VALE falls in, has lost 0.7%. The key question now is: What could be the stock's future direction?

Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.

Revisions to Earnings EstimatesRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.

We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

For the current quarter, VALE is expected to post earnings of $0.48 per share, indicating a change of -4% from the year-ago quarter. The Zacks Consensus Estimate has changed -2.1% over the last 30 days.

For the current fiscal year, the consensus earnings estimate of $2.15 points to a change of +18.1% from the prior year. Over the last 30 days, this estimate has changed +1.2%.

For the next fiscal year, the consensus earnings estimate of $2.19 indicates a change of +2.1% from what VALE is expected to report a year ago. Over the past month, the estimate has changed -0.5%.

With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for VALE.

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Revenue Growth ForecastEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.

For VALE, the consensus sales estimate for the current quarter of $10.47 billion indicates a year-over-year change of +18.9%. For the current and next fiscal years, $41.32 billion and $41.18 billion estimates indicate +7.6% and -0.3% changes, respectively.

Last Reported Results and Surprise HistoryVALE reported revenues of $9.26 billion in the last reported quarter, representing a year-over-year change of +14%. EPS of $0.44 for the same period compares with $0.35 a year ago.

Compared to the Zacks Consensus Estimate of $9.29 billion, the reported revenues represent a surprise of -0.38%. The EPS surprise was -6.38%.

Over the last four quarters, VALE surpassed consensus EPS estimates two times. The company topped consensus revenue estimates two times over this period.

ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.

Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.

The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

VALE is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about VALE. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.

In the latest trading session, VALE S.A. (VALE - Free Report) closed at $15.23, marking a -3.42% move from the previous day. This change lagged the S&P 500's 2.65% loss on the day. On the other hand, the Dow registered a loss of 1.35%, and the technology-centric Nasdaq decreased by 4.18%.

The company's shares have seen a decrease of 2.59% over the last month, not keeping up with the Basic Materials sector's gain of 4.79% and the S&P 500's gain of 5.47%.

The upcoming earnings release of VALE S.A. will be of great interest to investors. The company is forecasted to report an EPS of $0.48, showcasing a 4% downward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $10.47 billion, indicating a 18.94% upward movement from the same quarter last year.

For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.15 per share and a revenue of $41.32 billion, signifying shifts of +18.13% and +7.59%, respectively, from the last year.

It's also important for investors to be aware of any recent modifications to analyst estimates for VALE S.A. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.

Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.23% higher. VALE S.A. is holding a Zacks Rank of #3 (Hold) right now.

Valuation is also important, so investors should note that VALE S.A. has a Forward P/E ratio of 7.35 right now. This signifies a discount in comparison to the average Forward P/E of 8.52 for its industry.

The Mining - Iron industry is part of the Basic Materials sector. With its current Zacks Industry Rank of 32, this industry ranks in the top 14% of all industries, numbering over 250.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.

In the latest trading session, VALE S.A. (VALE - Free Report) closed at $15.36, marking a +2.88% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 1.75%. On the other hand, the Dow registered a gain of 1.86%, and the technology-centric Nasdaq increased by 2.54%.

Prior to today's trading, shares of the company had lost 11.34% lagged the Basic Materials sector's loss of 8.25% and the S&P 500's loss of 1.63%.

Analysts and investors alike will be keeping a close eye on the performance of VALE S.A. in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.48, showcasing a 4% downward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $10.47 billion, indicating a 18.94% upward movement from the same quarter last year.

For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.15 per share and a revenue of $41.32 billion, signifying shifts of +18.13% and +7.59%, respectively, from the last year.

Investors might also notice recent changes to analyst estimates for VALE S.A. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 1.23% upward. VALE S.A. is currently sporting a Zacks Rank of #3 (Hold).

From a valuation perspective, VALE S.A. is currently exchanging hands at a Forward P/E ratio of 6.96. Its industry sports an average Forward P/E of 7.93, so one might conclude that VALE S.A. is trading at a discount comparatively.

The Mining - Iron industry is part of the Basic Materials sector. With its current Zacks Industry Rank of 30, this industry ranks in the top 13% of all industries, numbering over 250.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow VALE in the coming trading sessions, be sure to utilize Zacks.com.