What is Scotiabank's price target for VALE?

Scotiabank's latest stated price target for VALE S.A. (VALE) is $16, from its action on Oct 19, 2026.

What is Scotiabank's rating on VALE?

Scotiabank rates VALE Sector Outperform, a bullish rating, as of Oct 19, 2026.

When did Scotiabank last change its view on VALE?

On Oct 19, 2026, Scotiabank upgrades to Sector Outperform from Sector Perform, price target $16.

Scotiabank VALE price target and rating history

Scotiabank rates VALE S.A. (VALE) Sector Outperform with a $16 price target, as of its latest action on Oct 19, 2026. It has published 4 rating actions on VALE since June 2023, including 2 upgrades and 2 downgrades. Across 6 firms with a VALE price target in the last 12 months, the median target is $16. Scotiabank's target matches it.

Current rating: Sector Outperform
Price target: $16
Median target, all firms: $16
Actions on VALE: 4

Scotiabank price target on VALE

Scotiabank price target on VALE, each point a stated target, June 2023 to October 2026.

Every Scotiabank rating on VALE

Oct 19, 2026
UpgradeScotiabank upgrades to Sector Outperform from Sector Perform, price target $16
Jan 8, 2026
DowngradeScotiabank downgrades to Sector Perform from Sector Outperform, price target $15
Sep 18, 2025
UpgradeScotiabank upgrades to Sector Outperform from Sector Perform, price target $14
Jun 28, 2023
DowngradeScotiabank downgrades to Sector Perform from Sector Outperform, price target $16

How other firms rate VALE

Each firm's latest rating and stated target in the last 12 months.

Firm	Rating	Price target	Date
Scotiabank	Sector Outperform	$16	Oct 19, 2026
BofA Securities	Neutral	$16	Aug 5, 2026
Goldman Sachs	Neutral	$16	Jul 27, 2026
Morgan Stanley	Equal-Weight	$16.50	Jul 8, 2026
Barclays	Equal Weight	$17	Apr 20, 2026
RBC Capital Markets	Sector Perform	$15.50	Mar 12, 2026

Questions about Scotiabank and VALE

What is Scotiabank's price target for VALE?: Scotiabank's latest stated price target for VALE S.A. (VALE) is $16, from its action on Oct 19, 2026.
What is Scotiabank's rating on VALE?: Scotiabank rates VALE Sector Outperform, a bullish rating, as of Oct 19, 2026.
When did Scotiabank last change its view on VALE?: On Oct 19, 2026, Scotiabank upgrades to Sector Outperform from Sector Perform, price target $16.
How does Scotiabank's VALE target compare with other analysts?: Across 6 firms with a VALE price target in the last 12 months, the median target is $16. Scotiabank's target matches it.

More VALE rating histories

All Scotiabank ratings VALE news and filings Every analyst firm

From rating actions in the Quantisnow feed. A target holds until the firm states a new one; a reiteration with no target keeps the last one. Not investment advice.