VALE S.A.
boothcheck covers VALE S.A. (VALE) but does not put one priced-in number on it: here the defensible answer is the evidence rather than a point estimate. boothcheck publishes no house fair value, target price, or buy/sell rating. Narrative composed August 8, 2026.
• Iron ore into steel mills is the whole business, and the 2025 annual report is blunt about where that demand comes from: ⟦"China's demand has been the main driver of world demand and prices."⟧ • The biggest specific risk sits off the mine plan entirely: the provision carried for the Samarco settlement stood at 2.6 billion dollars as of December 31, 2025, and BHP and Vale each committed to fund half of whatever Samarco itself cannot. • Costs are the near-term thing to watch, and they moved th
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545 institutional managers reported holding VALE in 13F filings for the quarter ended 2026-03-31. Together they hold about 20% of the company; the top 10 hold 11%. 100 opened new positions that quarter. Held by Capital Group (American Funds), BlackRock, FMR (Fidelity), among others. On the short side, 62.2M shares were sold short as of the 2026-06-15 count, about 1% of shares outstanding (2.6 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
VALE has cut its share count 14.8% over the past five years. It pays a dividend, and has for 6 years running. Cash returned over the past three years: $15.35B in dividends.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: August 8, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.