Vale (ADR) (VALE)
Mines iron ore, nickel, and copper through integrated extraction and logistics systems.
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Produces iron ore and pellets through an integrated mine-to-port logistics system and runs a separate nickel-and-copper platform. Iron Ore Solutions is anchored in Brazil, while Vale Base Metals is multinational; dam-safety controls and Mariana and Brumadinho reparations remain operating dependencies.
Operates two business platforms: Iron Ore Solutions and Vale Base Metals. The first produces iron ore and pellets through Brazilian mining systems linked to railways, maritime terminals, ports, and distribution centers; the second centers on nickel and copper.
The iron-ore system remains anchored in Brazil, while the base-metals platform became multinational after the Inco acquisition. Integration of extraction with dedicated logistics is a defining operating capability, supporting mineral movement from mines to export channels.
Portfolio focus has increased since the coal exit and the creation of Vale Base Metals as a separately structured subsidiary. Operations and capital allocation remain shaped by long-duration Mariana and Brumadinho reparations, dam-safety controls, and the continuing elimination of upstream tailings structures. Complete environmental consequences of both disasters remain uncertain.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 9, 2026 | Bernstein | Reiterate | Rating: —Target: — | Target: $12.50 |
| Aug 11, 2026 | UBS | Reiterate | Rating: —Target: $16 | Target: $16.50 |
| Aug 5, 2026 | B of A Securities | Downgrade | ||
| Jul 27, 2026 | Goldman Sachs | Downgrade | ||
| Jul 9, 2026 | Wells Fargo | Reiterate | Rating: —Target: $17 | Target: $15 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $5.77B · Total debt $18.94B · Total assets $89.29B · Shareholders' equity $37.99B
- Revenue
- $10.49B
- Operating income
- $2.67B
- Net income
- $1.35B
HistoryDividendAnnual yield
| Institutions | 19.28% | 823.04M ADS | |
|---|---|---|---|
| 599 holders · as of Jun 30, 2026 | |||
| Insiders | 1.79% | 76.31M ADS | |
| 17 holders · as of Aug 10, 2026 | |||
| Strategic holders | 6.71% | 286.35M ADS | |
| 1 holder · as of Feb 22, 2022 | |||
| Other | 72.22% | 3.08B ADS | |
| remainder | |||
4.27B ADS as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Mitsui & Co., Ltd.Strategic | 6.71% | 286.35M | filed Feb 22, 2022 |
Capital World InvestorsInstitution | 3.08% | 131.51M ADS | as of Jun 30, 2026 |
Litel Participações S.A.Insider | 1.75% | 74.83M | filed Jun 7, 2021 |
BlackRock, Inc.Institution | 1.50% | 63.83M ADS | as of Jun 30, 2026 |
FMR LLCInstitution | 1.30% | 55.35M ADS | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 4, 2026 | Madeira Andre Viana | director | +4 | $14.99 |
| Aug 3, 2026 | Madeira Andre Viana | director | +5 | $14.63 |
| Jul 2, 2026 | Madeira Andre Viana | director | +1 | $15.06 |
| Jul 1, 2026 | Madeira Andre Viana | director | +1 | $15.02 |
| Jul 3, 2026 | Funo Elaine Maria de Souza | officer: Accounting Officer | +406 | $15.25 |
- BHP (ADR)
Broad rival across seaborne iron ore and copper
- Rio Tinto (ADR)
Closest iron-ore-scale peer with an expanding copper portfolio
- Freeport-McMoRan
Global copper specialist competing in mined and refined copper
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Vale (ADR) | $14.06 | −0.67% | $60.34B | 29.5 | 7.8 | 1.5 | +19.2% |
| BHP (ADR) | $87.07 | +1.14% | $218.70B | 22.2 | — | 3.7 | +19.9% |
| Rio Tinto (ADR) | $96.92 | −0.12% | $157.69B | 13.2 | — | 2.6 | +57.4% |
| Freeport-McMoRan | $73.68 | +2.11% | $103.69B | 35.4 | 20.6 | 4.0 | −7.3% |
| Median | 22.2 | 20.6 | 3.7 | +19.9% |