VALE, US91912E1055

Vale SA (ADR) stock: Q3 estimates point to weaker quarter

Published on 10/29/2026 at 17:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Vale SA (ADR) stock trades at EUR 10.05 in Lang & Schwarz trading on October 29, 2026. Analysts expect a weaker third quarter.

Vale faces a cautious earnings test

Analyst estimates point to lower iron ore and nickel prices and weaker copper sales.
Vale will combine operating, sales and financial information in one Performance Report.
The third-quarter release is scheduled after the market close, followed by a webcast.

VALE, US91912E1055, Illustration mit AI erstellt.

Vale is approaching its third-quarter results with analysts expecting pressure from lower iron ore and nickel prices and weaker copper sales. Valor International reported on October 29, 2026, that the company is due to publish the third-quarter figures after the market close.

Lang & Schwarz showed Vale at EUR 10.05 at 17:12 Berlin time on October 29, 2026. That compares with EUR 12.03 in the latest relevant own report published on October 9, a decline of 16.46 percent; this is a separate comparison from the Xetra session and does not establish a Xetra daily performance.

Estimates signal earnings pressure

Valor's survey of banks and brokerages puts expected third-quarter net income at USD 1.607 billion, which would be 40.1 percent below the third quarter of 2025 if confirmed. Average estimates for revenue are USD 10.345 billion and for EBITDA USD 3.5 billion, with both figures also below the year-earlier comparison.

Itaú BBA expects Vale to sell 82.7 million tonnes of ore. Its estimate implies higher sales than in the second quarter but lower volume than in the same quarter last year. The bank also sees an average realized iron ore fines price of USD 88 per tonne, while UBS BB expects pressure from lower volumes, weaker prices and higher costs.

Reporting format changes

Starting with the third quarter, Vale will publish operating, sales and financial information together in its Performance Report. The schedule published by Vale and reproduced by FinancialFilings sets the release for October 29 after the market close, with an English-language conference call and webcast on October 30 at 10:00 a.m. New York time.

For investors, the combined report should bring production, sales and financial performance into one reporting event. The main questions are whether realized prices and volumes can offset cost pressure and whether the base-metals business can withstand weaker copper sales and nickel prices.

View the real-time quote of Vale SA (ADR) stock for the latest available market indication.