Scotiabank Raises its Price Target on Vale (VALE) to $18

On May 27, 2026, Scotiabank expert Alfonso Salazar raised the firm’s terms people connected Vale S.A. (NYSE:VALE) to $18 from $16.50 antecedently and maintained a Sector Perform standing connected the shares. Salazar said Scotiabank has begun including copper maturation successful its valuation exemplary and terms people pursuing the work of the Vale Base Metals Asset Handbook.

On May 22, 2026, JPMorgan besides raised the firm’s terms people connected Vale S.A. (NYSE:VALE) to $19.50 from $18.50 antecedently and maintained an Overweight standing connected the shares. JPMorgan updated the company’s model.

Photo by Francisco Fernandes connected Unsplash

In April, Vale S.A. (NYSE:VALE) reported Q1 robust ore output of 69.68M metric tons, compared to 67.67M past year. Iron ore accumulation totaled 69.7 Mt, up 3% year-over-year, supported by grounds output astatine S11D and Brucutu and continued ramp-up of the Capanema and VGR1 projects. Pellet accumulation roseate 14% year-over-year to 8.2 Mt, portion robust ore income accrued 4% year-over-year to 68.7 Mt. Copper accumulation totaled 102.3 kt, up 13% year-over-year, and nickel accumulation totaled 49.3 kt, up 12% year-over-year.

Vale S.A. (NYSE:VALE) produces robust ore and nickel crossed Brazil, Asia, the Middle East, North Africa, Europe, the Americas, and Oceania.

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