Vale S.A. (NYSE:VALE) saw analyst actions on January 8, with Barclays raising its price target to $15.50 from $14.50 and maintaining an Overweight rating. The firm told investors it is constructive on European miners and sees upside risks for copper and precious metals as the Federal Reserve easing cycle is expected.
On the same day, Scotiabank downgraded Vale to Sector Perform from Outperform and set a $15 price target.
In December, Wells Fargo lifted its price target on Vale to $13 from $12, while keeping an Equal Weight rating. The firm noted in a research note that supply constraints could support aluminum and copper prices, particularly through fiscal Q3 2026. It said steep power costs and copper switching are significant for boosting aluminum.
Vale produces and exports copper, pellets, iron ore, manganese, and iron alloys. Its operations are divided into Energy Transition Materials, Iron Solutions, and Coal and Others segments.