VALE, US91912E1055

Scotiabank cuts Vale earnings forecast for Vale stock

Published on 10/16/2026 at 09:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Scotiabank cuts FY2027 EPS to USD 2.00 from USD 2.20. Vale stock trades at EUR 11.63 on October 16, 2026 during Xetra trading.

Forecast and reporting calendar

Scotiabank lowered its fiscal 2027 EPS estimate from USD 2.20 to USD 2.00 on October 13, 2026.
Vale exported 77.30 million metric tons of iron ore in the third quarter of 2026, down 7.30 percent year over year.
Vale stock trades at EUR 11.63 at 9:44 a.m. CEST at Lang & Schwarz on October 16, 2026.
Vale is scheduled to report third-quarter results on October 29, 2026.

VALE, US91912E1055, Illustration mit AI erstellt.

Vale stock (ISIN US91912E1055) was trading at EUR 11.63 at Lang & Schwarz on October 16, 2026 at 9:44 a.m. CEST. Scotiabank cut its fiscal 2027 earnings-per-share estimate for Vale from USD 2.20 to USD 2.00 in a research report dated October 13, 2026, while keeping a Sector Perform rating and a USD 16.00 price objective, as MarketBeat reported.

Exports raise guidance questions

A market report dated October 15, 2026 put Vale's third-quarter Brazilian iron ore exports at 77.30 million metric tons, down 7.30 percent from the same period a year earlier. The report said the decline increased the risk of a full-year production-guidance cut, with Vale needing 92.00 million to 102.00 million metric tons in the fourth quarter to reach its existing 335.00 million to 345.00 million metric ton target, according to Hellenic Shipping News.

What does the forecast change mean?

The estimate revision puts earnings expectations below Scotiabank's previous view, but its USD 16.00 target remains above the EUR reference quote in a different currency and therefore is not a direct price comparison. The most recent reported quarter, the second quarter of 2026, produced revenue of USD 10.24 billion and diluted earnings per share of USD 0.31, based on the financial statements for the period ended June 30, 2026.

Three dated developments

On July 30, 2026, Vale reported second-quarter revenue of USD 10.24 billion and diluted earnings per share of USD 0.31. On October 13, 2026, Scotiabank reduced its fiscal 2027 earnings estimate from USD 2.20 to USD 2.00. On October 15, 2026, Hellenic Shipping News cited third-quarter exports of 77.30 million metric tons, down 7.30 percent year over year.

Upcoming reporting date

Vale is scheduled to announce third-quarter 2026 results on October 29, 2026, before the market opens, with an earnings call scheduled for October 30, 2026 at 10:00 a.m. ET, according to MarketBeat.

Stock trades ahead of results

Vale is a Brazil-based mining company producing iron ore, nickel and copper, with its shares listed on the New York Stock Exchange under the symbol VALE. Its next results will test whether weaker third-quarter exports translate into a formal change to full-year production guidance. The stock was trading at EUR 11.63 at Lang & Schwarz on October 16, 2026 at 9:44 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Vale stock.