Vale S.A., together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. The company operates through Iron Solutions and Energy Transition Materials segments. The Iron Solutions segment produces and extracts iron ore and pellets, manganese, and other ferrous products; and provides related logistic services. The Energy Transition Materials segment produces and extracts nickel used to produce stainless steel, electric vehicles, and metal alloys; and its by-products, such as gold, silver, cobalt, precious metals, platinum, and others, as well as copper used in the construction sector to produce pipes and electrical wires. The company was formerly known as Companhia Vale do Rio Doce and changed its name to Vale S.A. in May 2009. Vale S.A. was founded in 1942 and is headquartered in Rio de Janeiro, Brazil.

Компания VALE S.A. демонстрирует смешанную фундаментальную картину. С одной стороны, мультипликаторы, такие как P/E, P/B и P/S, значительно ниже медианных значений по отрасли, что может указывать на недооцененность акции. Однако долговая нагрузка выше медианы, что создает риски для инвесторов. Эффективность показателей, таких как ROE и ROI, выше медианных значений, что указывает на хорошую прибыльность компании. Дивидендная доходность снизилась, что может вызвать беспокойство у инвесторов, но положительные показатели, такие как рост выручки и чистой прибыли, поддерживают уверенность в бизнесе. При этом общая устойчивость финансовой базы компании остается на высоком уровне, что добавляет оптимизма. Важно отметить, что текущая цена акции и целевая цена находятся в пределах разумного диапазона, но учитывая риски, связанные с долговой нагрузкой, целесообразно пересмотреть прогноз.

VALE S.A.

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR Portfolio Emerging Markets ETF (Symbol: SPEM) where we have detected an approximate $282.2 million dollar inflow -- that's a 1.6% increase week over week in outstanding units (from 334,700,000 to 340,200,000). Among the largest underlying components of SPEM, in trading today Vale SA (Symbol: VALE) is down about 3.9%, Infosys Ltd. (Symbol: INFY) is up about 1.8%, and Itau Unibanco Holding S.A. (Symbol: ITUB) is lower by about 0.9%. For a complete list of holdings, visit the SPEM Holdings page » The chart below shows the one year price performance of SPEM, versus its 200 day moving average:
Looking at the chart above, SPEM's low point in its 52 week range is $34.38 per share, with $51.355 as the 52 week high point — that compares with a last trade of $50.44. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Also see:
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Noteworthy ETF Inflows: SPEM, VALE, INFY, ITUB

The NASDAQ 100 Pre-Market Indicator is up 49.27 to 24,736.88. The total Pre-Market volume is currently 123,231,013 shares traded.
The following are the most active stocks for the pre-market session:
ProShares UltraPro QQQ (TQQQ) is -0.43 at $47.83, with 6,654,681 shares traded. This represents a 173.31% increase from its 52 Week Low.
Rivian Automotive, Inc. (RIVN) is +3.3446 at $17.34, with 3,698,667 shares traded. RIVN's current last sale is 108.4% of the target price of $16.
ProShares UltraPro Short QQQ (SQQQ) is +0.65 at $73.75, with 3,598,849 shares traded. This represents a 19.49% increase from its 52 Week Low.
Direxion Daily TSLA Bull 2X Shares (TSLL) is -0.2 at $15.69, with 3,363,718 shares traded. This represents a 149.44% increase from its 52 Week Low.
Defiance Daily Target 2x Long MSTR ETF (MSTX) is +0.0997 at $2.19, with 2,577,009 shares traded. This represents a 39.47% increase from its 52 Week Low.
Apple Inc. (AAPL) is -0.84 at $260.89, with 2,521,522 shares traded. Over the last four weeks they have had 6 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2026. The consensus EPS forecast is $1.88. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
AT&T Inc. (T) is -0.03 at $28.77, with 1,812,484 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2026. The consensus EPS forecast is $0.55. As reported by Zacks, the current mean recommendation for T is in the "buy range".
Pinterest, Inc. (PINS) is -3.99 at $14.55, with 1,598,426 shares traded., following a 52-week high recorded in prior regular session.
Alibaba Group Holding Limited (BABA) is -7.14 at $151.59, with 1,273,795 shares traded.BABA is scheduled to provide an earnings report on 2/19/2026, for the fiscal quarter ending Dec2025. The consensus earnings per share forecast is 1.73 per share, which represents a 277 percent increase over the EPS one Year Ago
TRI Pointe Homes, Inc. (TPH) is +9.76 at $46.33, with 1,079,401 shares traded. TPH's current last sale is 117.29% of the target price of $39.5.
VALE S.A. (VALE) is -0.3797 at $16.66, with 1,005,958 shares traded.VALE is scheduled to provide an earnings report on 2/18/2026, for the fiscal quarter ending Dec2025. The consensus earnings per share forecast is 0.57 per share, which represents a 20 percent increase over the EPS one Year Ago
NuScale Power Corporation (SMR) is +0.17 at $14.16, with 929,785 shares traded. SMR's current last sale is 53.43% of the target price of $26.5.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Pre-Market Most Active for Feb 13, 2026 : TQQQ, RIVN, SQQQ, TSLL, MSTX, AAPL, T, PINS, BABA, TPH, VALE, SMR

Thursday, January 29, 2026
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Applied Materials, Inc. (AMAT), Linde plc (LIN) and Abbott Laboratories (ABT), as well as a micro-cap stock Flanigan's Enterprises, Inc. (BDL). The Zacks microcap research is unique as our research content on these small and under-the-radar companies is the only research of its type in the country.
These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
You can see all of today’s research reports here >>>
Ahead of Wall Street
The daily 'Ahead of Wall Street' article is a must-read for all investors who would like to be ready for that day's trading action. The article comes out before the market opens, attempting to make sense of that morning's economic releases and how they will affect that day's market action. You can read this article for free on our home page and can actually sign up there to get an email notification as this article comes out each morning.
You can read today's AWS here >>> Jobless Claims, Productivity & Earnings: What More Do You Want?
Today's Featured Research Reports
Applied Materials’ shares have outperformed the Zacks Electronics - Semiconductors industry over the past six months (+80.2% vs. +19.5%). The company is benefiting from strength in the Semiconductor Systems, owing to a rebound in the semiconductor industry, particularly in the foundry and logic space.
Consistent progress in the services is aiding Applied Global Services’ performance. Solid momentum in the subscription and display businesses is a plus. Its strength in IoT, Communications, Auto, Power and Sensors (ICAPS) is likely to continue aiding its position in the semiconductor industry. Its diversified portfolio remains its key growth driver.
However, increasing U.S.-China tensions and export restrictions on semiconductor manufacturing equipment may undermine its near-term growth prospects. Slow memory market recovery and rising operating costs remain other major concerns.
(You can read the full research report on Applied Materials here >>>)
Shares of Linde have outperformed the Zacks Chemical - Specialty industry over the past year (+2.2% vs. -0.2%). The company is one of the top players in the industrial gas business, known for its steady profit growth, smart use of its money and industry-leading efficiency. Linde holds a record-high order book of $10 billion, with projects deemed highly reliable thanks to their fixed-fee contracts and the company’s strong track record of successful execution.
Linde has maintained industry-leading operating margins with further improvements expected from cost-control programs, automation, and AI-enabled process optimization. Yet, LIN is not very hopeful about Europe’s economy this year, expecting demand there to shrink, especially in the industrial sector.
Moreover, prices for helium and other rare gases are falling at a high single-digit pace due to an oversupply in the market, a trend affecting theglobal market Fluctuations in exchange rates also pose risks.
(You can read the full research report on Linde here >>>)
Abbott’s shares have underperformed the Zacks Medical - Products industry over the past year (-16.1% vs. -14.4%). The company’s nutrition business is in transition, with Adult Nutrition and innovation positioned to support a return to growth in the second half of 2026 following near-term volume and pricing woes. At the same time, macro uncertainty, tariffs and China pressures limit near-term visibility despite Abbott’s diversified portfolio.
Nevertheless, Abbott’s strong product pipeline continues to open new prospects and supports its growth outlook into 2026. The Medical Devices segment remains a key growth driver, led by the FreeStyle Libre CGM franchise and expansion across Diabetes Care.
In Diagnostics, underlying demand outside COVID continues to improve, with Core Laboratory and Point of Care gaining momentum outside China. Abbott also remains constructive on its biosimilar strategy, supporting sustained growth in the EPD across emerging markets.
(You can read the full research report on Abbott here >>>)
Shares of Flanigan's have outperformed the Zacks Retail - Restaurants industry over the past year (+35.4% vs. -5.1%). This microcap company with market capitalization of $62.45 million offers a differentiated, dual-format casual dining and liquor retail model that continues to deliver steady growth and strong cash generation.
Fiscal 2025 revenue rose 9.6%, driven by pricing discipline, package store strength and incremental unit contributions. Strategic menu and bar price increases preserved traffic and lifted restaurant gross margins to 66.6% despite labor and commodity inflation, underscoring pricing power and operational control. Capital-light liquor stores and franchise royalties provide diversified, recurring cash flows, while supporting balance sheet flexibility.
Risks center on structural cost pressures, labor inflation, muted same-store traffic growth, high fixed costs and underinvestment in digital capabilities, which may limit margin scalability and organic growth. Valuation reflects both operational resilience and investor skepticism.
(You can read the full research report on Flanigan's here >>>)
Other noteworthy reports we are featuring today include Vertex Pharmaceuticals Inc. (VRTX), Seagate Technology Holdings plc (STX) and Vale S.A. (VALE).
Mark Vickery
Senior Editor
Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>
Today's Must Read
Featured Reports
Vertex (VRTX) Cystic Fibrosis Sales Up; Focus on New Drugs
The Zacks analyst says Vertex's cystic franchise sales are up due to higher sales of Trikafta and contribution from new drug, Alyftrek. However, sales of new drugs, Journavx and Casgevy has been slow.
Seagate Gains From (STX) Increasing Data Center and AI Demand
Per the Zacks analyst, Seagate's cost-efficient, high-density, and reliable storage gives it a competitive edge in serving hyperscale cloud providers, social media and AI-driven enterprises.
Kinder Morgan's (KMI) $10B Backlog Fuels Long-Term Growth
Per the Zacks analyst, KMI's $10B backlog, 90% gas-focused, signals durable demand and long-term contracts that should lift KMI's cash flows and earnings through 2029.
SoFi's (SOFI) Galileo Growth Boosts Outlook, Liquidity a Concern
Rising digital finance demand and growing Galileo adoption enhance SoFi's appeal as a cost-effective platform. Liquidity remains pressured by elevated current liabilities.
Synchrony's (SYF) Strategic Buyouts and Collaborations Aid
Per the Zacks analyst, Synchrony's acquisitions will boost its digital capabilities while partnerships grow addressable market size. However, escalating expenses remain a concern.
Business Transformation, AUM, Global Presence Support Invesco (IVZ)
Per the Zacks analyst, Invesco's business transformation plan, robust AUM, diverse product offerings, strong balance sheet, strategic expansion efforts and global presence will keep aiding financials.
Reliable Assets, Customer Increase Aid Southwest Gas (SWX)
Per the Zacks analyst, Southwest Gas' investment in infrastructure is making its assets more reliable. Economic improvement and rising customer base is generating demand and boosting performance.
New Upgrades
Solid Growth Projects, Cost Control to Aid Vale (VALE)
Per the Zacks analyst, investment in growth projects across its portfolio, focus on improving quality and productivity, efforts to lower costs and reducing debt levels will fuel Vale's growth.
Organic Growth and Strong Liquidity Position Aids Bank of Hawaii (BOH)
Per the Zacks analyst, Bank of Hawaii's organic strength is reflected by steady loan and deposit growth. A strong liquidity level further supports its capital distribution activities.
Yelp (YELP) Benefits from Increasing Advertising Revenues
Per the Zacks analyst, an increase in the number of paying advertising locations and improved productivity from the advertising sales force are bolstering Yelp's ad revenues.
New Downgrades
Mobileye (MBLY) Pressured by High Costs and Margin Headwinds
The Zacks analyst is bearish on Mobileye as it is set to face rising cost headwinds from unfavorable mix, lower chip ASPs, EyeQ5 costs, higher R and D, wage inflation and infrastructure spending.
Post Holdings (POST) Faces Volume Declines and Margin Pressure
As per the Zacks analyst, Post Holdings remains under pressure from weak demand, volume declines, margin erosion and macro headwinds, constraining near-term recovery into fiscal 2026.
Ongoing Macro Challenges and High Costs Hurt AECOM's (ACM) Prospects
Per the Zacks analyst, AECOM is hurting from ongoing macro challenges, high costs and currency fluctuations. Also, overdependence on government projects is an additional concern.
Beyond Nvidia: AI's Second Wave Is Here
The AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. Little-known AI firms tackling the world's biggest problems may be more lucrative in the coming months and years.
See
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
VALE S.A. (VALE) : Free Stock Analysis Report
Linde PLC (LIN) : Free Stock Analysis Report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Top Analyst Reports for Applied Materials, Linde & Abbott

The NASDAQ 100 Pre-Market Indicator is up 65.02 to 26,087.81. The total Pre-Market volume is currently 106,797,429 shares traded.
The following are the most active stocks for the pre-market session:
Joby Aviation, Inc. (JOBY) is -2.03 at $11.34, with 8,321,437 shares traded. JOBY's current last sale is 113.4% of the target price of $10.
Direxion Daily TSLA Bull 2X Shares (TSLL) is +0.64 at $17.88, with 6,836,538 shares traded. This represents a 184.26% increase from its 52 Week Low.
Namib Minerals (NAMM) is +1.3 at $7.70, with 4,046,341 shares traded. NAMM's current last sale is 81.05% of the target price of $9.5.
Intel Corporation (INTC) is -0.74 at $48.04, with 3,242,034 shares traded. INTC's current last sale is 106.76% of the target price of $45.
ProShares UltraPro QQQ (TQQQ) is +0.1618 at $57.22, with 2,905,700 shares traded. This represents a 226.98% increase from its 52 Week Low.
Microsoft Corporation (MSFT) is -33 at $448.63, with 2,571,879 shares traded. As reported by Zacks, the current mean recommendation for MSFT is in the "buy range".
VALE S.A. (VALE) is +0.3215 at $17.08, with 2,020,444 shares traded., following a 52-week high recorded in prior regular session.
USA Rare Earth, Inc. (USAR) is -2.279 at $22.90, with 1,926,780 shares traded.USAR is scheduled to provide an earnings report on 2/5/2026, for the fiscal quarter ending Dec2025. The consensus earnings per share forecast is -0.12 per share, which represents a 99,900 percent increase over the EPS one Year Ago
ServiceNow, Inc. (NOW) is -11.441 at $118.18, with 1,266,279 shares traded. As reported by Zacks, the current mean recommendation for NOW is in the "buy range".
Nokia Corporation (NOK) is -0.4301 at $6.39, with 1,190,356 shares traded. Smarter Analyst Reports: Nokia Bags Deal to Deploy 4G & 5G Network in Indonesia
Redwire Corporation (RDW) is +0.3516 at $13.64, with 1,174,164 shares traded. As reported by Zacks, the current mean recommendation for RDW is in the "buy range".
SAP SE (SAP) is -39.06 at $197.05, with 1,095,770 shares traded. As reported by Zacks, the current mean recommendation for SAP is in the "buy range".
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Pre-Market Most Active for Jan 29, 2026 : JOBY, TSLL, NAMM, INTC, TQQQ, MSFT, VALE, USAR, NOW, NOK, RDW, SAP

Key Points
Kawa Capital sold 2,094,404 shares of Gerdau S.A. in the fourth quarter.
The transaction represented a 15.0% change in reported 13F AUM.
The shares were previously worth about $6.49 million.
Kawa Capital Management sold out its entire position in Gerdau S.A. (NYSE:GGB), according to a January 21 SEC filing, with an estimated transaction value of $6.49 million based on the last-disclosed value.
What happened
According to a filing with the Securities and Exchange Commission dated January 21, Kawa Capital Management sold all of its 2,094,404 shares of Gerdau S.A. during the fourth quarter. The estimated transaction value was $6.49 million.
What else to know
This was a full liquidation of a previously significant holding, reducing Gerdau S.A. exposure from 11.8% of 13F AUM to 0%.
Top holdings after the filing:
NYSE:BDN: $15.73 million (36.4% of AUM)
NYSE:ONL: $12.54 million (29.0% of AUM)
NYSE:ARE: $7.93 million (18.3% of AUM)
NYSE:VALE: $7.05 million (16.3% of AUM)
As of January 20, Gerdau S.A. shares were priced at $4.16, up 47.0% over the past year and vastly outperforming the S&P 500’s 14% gain in the same period.
Company overview
Price (as of 2026-01-20)
$4.16
Market Capitalization
$8.60 billion
Revenue (TTM)
$13.10 billion
Net Income (TTM)
$564.19 million
Company snapshot
Gerdau offers a broad portfolio of steel products, including semi-finished billets and blooms, long rolled products, special steels, flat products, and iron ore.
The company operates a vertically integrated business model encompassing steel production, mining, and distribution, generating revenue from direct sales, distributors, and a retail network across the Americas.
It serves construction, manufacturing, automotive, agricultural, oil and gas, wind energy, and infrastructure sectors, targeting both industrial clients and resellers.
Gerdau S.A. is a leading steel producer in the Americas, with a diversified product offering and an extensive distribution network. The company leverages its integrated operations and broad geographic reach to serve a wide range of industrial and infrastructure customers. Its scale, product diversity, and established presence in key markets support its competitive positioning within the global steel industry.
What this transaction means for investors
Gerdau has been a quiet winner over the past year, with shares up roughly 47% as pricing discipline, resilient North American demand, and a streamlined cost structure lifted results. That kind of performance naturally changes the risk math for concentrated portfolios.
In its most recent earnings update, the company highlighted steady cash generation and continued capital returns, including dividends and buybacks, even as steel markets normalized from earlier peaks. Management emphasized balance sheet strength and flexibility, pointing to disciplined capex and a focus on higher margin products tied to infrastructure and industrial demand. Those are real positives for long-term investors looking at durability rather than spot pricing.
But context matters. This position previously represented nearly 12% of the fund’s reportable assets, making it an outsized exposure relative to the rest of the portfolio, which now leans heavily into real estate and diversified materials names like Vale. Fully exiting after a sharp rally suggests portfolio construction and risk management may be driving the decision as much as fundamentals.
Where to invest $1,000 right now
When our analyst team has a stock tip, it can pay to listen. After all, Stock Advisor’s total average return is 937%* — a market-crushing outperformance compared to 195% for the S&P 500.
They just revealed what they believe are the 10 best stocks for investors to buy right now, available when you join Stock Advisor.
*Stock Advisor returns as of January 23, 2026.
Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alexandria Real Estate Equities. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Steel Stock Up 47% in a Year and This Fund Just Walked Away From a $6.5 Million Position

Vale (NYSE:VALE), a global iron ore and nickel producer, closed Wednesday at $15.57, up 4.29%. The stock moved higher during a choppy recovery session as materials and mining names rebounded with Wall Street, and investors are watching how macro conditions and iron ore demand shape earnings power next.
Trading volume reached 57.9 million shares, coming in about 74% above compared with its three-month average of 33.3 million shares. Vale IPO'd in 2002 and has grown 592% since going public.
How the markets moved today
The S&P 500 (SNPINDEX:^GSPC) gained 1.16% to finish near 6,875, while the Nasdaq Composite (NASDAQINDEX:^IXIC) added 1.18% to close around 23,225. Among metals and mining industry peers, BHP Group (NYSE:BHP) closed at $65.61, up 1.89%, and Rio Tinto Group (NYSE:RIO) finished at $88.84, gaining 3.69% as cyclicals participated in the rebound.
What this means for investors
It was a bumpy day in the markets as all eyes were on the World Economic Forum in Davos, Switzerland and President Trump’s speech there. As tensions eased regarding a U.S. takeover of Greenland, material and mining stocks like Vale surged.
After his speech in Davos, President Trump posted “We have formed the framework of a future deal with respect to Greenland and, in fact, the entire Arctic Region,” on his Truth Social platform.
While there’s no indication that mining would be involved in any Greenland deal, investors breathed a sigh of relief with recently threatened new tariffs being taken off the table, at least for now.
Where to invest $1,000 right now
When our analyst team has a stock tip, it can pay to listen. After all, Stock Advisor’s total average return is 930%* — a market-crushing outperformance compared to 192% for the S&P 500.
They just revealed what they believe are the 10 best stocks for investors to buy right now, available when you join Stock Advisor.
*Stock Advisor returns as of January 21, 2026.
Howard Smith has no position in any of the stocks mentioned. The Motley Fool recommends BHP Group. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stock Market Today, Jan. 21: Vale Jumps After Trading Volume Surges Well Above Average

The NASDAQ 100 Pre-Market Indicator is down -61.46 to 24,926.11. The total Pre-Market volume is currently 88,616,549 shares traded.
The following are the most active stocks for the pre-market session:
ProShares UltraPro QQQ (TQQQ) is -0.3118 at $50.42, with 6,158,572 shares traded. This represents a 188.1% increase from its 52 Week Low.
Netflix, Inc. (NFLX) is -6.745 at $80.52, with 5,844,245 shares traded. As reported by Zacks, the current mean recommendation for NFLX is in the "buy range".
Direxion Daily TSLA Bull 2X Shares (TSLL) is +0.01 at $16.42, with 4,565,287 shares traded. This represents a 161.05% increase from its 52 Week Low.
Anteris Technologies Global Corp. (AVR) is +0.35 at $6.10, with 4,123,301 shares traded. As reported by Zacks, the current mean recommendation for AVR is in the "buy range".
Intel Corporation (INTC) is +1.37 at $49.93, with 3,336,672 shares traded.INTC is scheduled to provide an earnings report on 1/22/2026, for the fiscal quarter ending Dec2025. The consensus earnings per share forecast is -0.02 per share, which represents a -2 percent increase over the EPS one Year Ago
ImmunityBio, Inc. (IBRX) is -0.3295 at $6.15, with 2,838,554 shares traded., following a 52-week high recorded in prior regular session.
VALE S.A. (VALE) is +0.23 at $15.16, with 1,443,772 shares traded., following a 52-week high recorded in prior regular session.
NuScale Power Corporation (SMR) is +0.34 at $19.34, with 1,169,968 shares traded. SMR's current last sale is 69.07% of the target price of $28.
NIO Inc. (NIO) is +0.03 at $4.59, with 924,803 shares traded. NIO's current last sale is 71.72% of the target price of $6.4.
Novo Nordisk A/S (NVO) is -1.57 at $59.11, with 901,451 shares traded. NVO's current last sale is 109.46% of the target price of $54.
Redwire Corporation (RDW) is +0.22 at $10.88, with 851,157 shares traded. As reported by Zacks, the current mean recommendation for RDW is in the "buy range".
First Majestic Silver Corp. (AG) is +0.34 at $22.80, with 770,661 shares traded., following a 52-week high recorded in prior regular session.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Pre-Market Most Active for Jan 21, 2026 : TQQQ, NFLX, TSLL, AVR, INTC, IBRX, VALE, SMR, NIO, NVO, RDW, AG

BHP Group Limited BHP and Vale S.A. VALE are among the world’s largest iron ore producers and diversified miners, making them competitors in the global metals and mining sector. Both companies are positioned to benefit as infrastructure investment picks up worldwide and long-term demand grows for steel, copper, lithium, nickel and other minerals essential for clean energy technologies.
BHP has a market capitalization of $165 billion, while VALE has a market capitalization of $66 billion.
For investors interested in this space, let's analyze which stock is better positioned for upside, BHP or Vale. A closer look at their fundamentals, growth drivers and key risks can offer clarity.
The Case for BHP
BHP produced a record 263 Mt of iron ore in fiscal 2025, within its guided 255-265.5 Mt and up 1% year over year. Production at Western Australia Iron Ore (WAIO) was a record of 257 Mt (290 Mt on a 100% basis). WAIO has been the lowest-cost iron ore producer globally for more than four years.
The upside continued in the first half of fiscal 2026 with iron ore production increasing 2% year over year to 134 Mt. WAIO reported a record first half production of 130 Mt, aided by strong supply-chain performance.
For fiscal 2026, BHP continues to expect iron ore production of 258-269 Mt. WAIO’s output is likely to be 251-262 Mt (284-296 Mt on a 100% basis). This factors in the planned renewal of Car Dumper 3 (CD3) and the ongoing tie-in activities for Rail Technology Program 1 (RTP1).
BHP continues to reshape its portfolio toward commodities such as copper and potash, allocating nearly 70% of its medium-term capital expenditure to these areas. This strategy positions the company to benefit from decarbonization, electrification, population growth and rising living standards in emerging markets.
Copper production reached a record 2,017 kt in fiscal 2025, the first time BHP crossed the 2,000-kt milestone. Output has risen 28% over the past three years, reflecting sustained investment.
In the first half of fiscal 2026, copper production remained constant year over year at 984 kt. BHP increased its fiscal 2026 copper output guidance to between 1,900 and 2,000 kt from prior stated 1,800-2,000 kt.
BHP is also advancing the Jansen Stage 1 potash project, a large-scale, low-cost, high-grade resource with a mine life exceeding 100 years. It has been 75% completed and BHP is working toward its first production by mid-2027. Once operational, Jansen Stage 1 is expected to produce 4.15 million tons of potash annually. Stage 2 of the project has been 14% completed and is expected to deliver its first production in fiscal 2031.
These investments will transform Jansen into one of the world’s largest potash mines, doubling production capacity to 8.5 million tons per year, positioning BHP as a major global producer of potash by the end of the decade.
The Case for Vale
Vale recently stated that iron ore production for 2025 was around 335 Mt, at the higher end of its targeted 325-335 Mt. Copper output was around 370 kt in 2025, also meeting the high end of its targeted 340-370 kt. Nickel output was reported at 175 kt compared with the company’s target of 160-175 kt.
Vale is also investing heavily in the base metals business to benefit from the global energy transition. The company’s capex plans for the business are $1.6 billion in 2026 and $2 billion from 2027 onward.
In 2026, Vale's copper production is expected to be between 350 kt and 380 kt, and reach 420-500 kt as of 2030 and 700 kt by 2035. With these projections, Vale promises a 7% CAGR over 2024-2035 versus the 4% average for peers.
The Bacaba project will extend the life of the Sossego Mining Complex, contributing an average annual copper output of 50 ktpy over an eight-year mine life. Production is expected to start in the first half of 2028. Other projects, such as Salobo Coarse Particle Flotation (CPF), Alemão and Cristalino, will increase Vale’s copper production capacity.
Vale recently signed an agreement with Glencore Canada (Glencore) to jointly evaluate a potential brownfield copper development project at their adjacent properties in the Sudbury Basin, with an expected start-up in 2030. Vale plans to hit 700 kt levels by 2035, primarily through the accelerated development of assets in the North and South hubs in the Carajás region.
For 2026, Vale expects its nickel production between 175 kt and 200 kt, reflecting replenishment projects in Canada, exposure to Pomalaa and Morowali, and the start-up of the second furnace at Onça Puma. For 2030, nickel production is anticipated at 210-250 kt, with input from projects such as Thompson Ultramafics, Sorowako HPAL, partnership projects and offtake.
How do Estimates Compare for BHP & VALE?
The Zacks Consensus Estimate for BHP’s fiscal 2026 earnings indicates a year-over-year rise of 23.1%. The estimate for earnings for fiscal 2027 reflects a 1.9% drop. Both the earnings estimates for fiscal 2026 and fiscal 2027 for BHP have moved up over the past 60 days.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for Vale’s 2025 earnings of $2.07 per share indicates year-over-year growth of 13.7%. The Zacks Consensus Estimate for Vale’s 2026 earnings is $2.08 per share, which projects a 0.4% rise. Both the EPS estimates for Vale for fiscal 2025 and fiscal 2026 have been revised upward in the past 60 days.
Image Source: Zacks Investment Research
BHP Group & Vale: Price Performance & Valuation
In a year, BHP stock has appreciated 36.7%, lagging Vale, which has gained 92.2%.
Image Source: Zacks Investment Research
BHP is trading at a forward price-to-sales multiple of 3.17X, while VALE’s forward sales multiple sits at 1.63X.
Image Source: Zacks Investment Research
BHP or VALE: Which is a Better Pick?
BHP and Vale are both well-positioned for durable long-term growth, backed by resilient iron ore operations. A supportive commodity price backdrop and rising earnings estimates further support the stocks. However, an attractive valuation and a stronger one-year price performance strengthen the investment case for Vale.
Investors seeking exposure to the iron mining space might consider VALE to be the more favorable option at this time.
Both VALE and BHP currently sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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VALE S.A. (VALE) : Free Stock Analysis Report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

BHP vs. VALE: Which Global Mining Powerhouse is the Better Buy Now?

Vale (NYSE:VALE), a global iron ore and nickel producer, closed Tuesday's session at $14.17, up 4.50%. Vale IPO'd in 2002 and has grown 530% since going public. Trading volume reached 57.2 million shares, coming in about 75% above its three-month average of 32.7 million shares.
Tuesday's move followed disclosures of new and increased institutional positions in Vale and fresh features reassessing the stock's 2025 rally and decade-long returns. Investors are also watching how production, costs, and capital returns evolve.
How the markets moved today
The S&P 500 (SNPINDEX:^GSPC) added 0.62% to finish at 6,945, while the Nasdaq Composite (NASDAQINDEX:^IXIC) gained 0.65% to close at 23,547. Within the metals & mining space, industry peers BHP Group (NYSE:BHP) and Rio Tinto Group (NYSE:RIO) climbed 2.66% and 2.43%, respectively, as investors weigh commodity-price leverage and capital-spending plans across diversified miners. Albemarle (NYSE:ALB) jumped 8.2%, however, helping to explain the high trading volume in Vale, too.
What this means for investors
Institutional investor, Advisory Resource Group, disclosed a new third-quarter position of 132,058 Vale shares, helping to boost sentiment. Kathmere Capital Management also reported lifting its Vale stake by 50% to about $1.3 million.
Another tailwind for the mining sector was due to Wall Street analyst optimism on Albemarle. Artificial intelligence (AI) advances are boosting prospects for autonomous robots and electric vehicles. Vale's leading nickel production puts it in a good place to benefit from those future trends.
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Howard Smith has no position in any of the stocks mentioned. The Motley Fool recommends BHP Group. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stock Market Today, Jan. 6: Vale Shares Jump on Strong Day for Mining Stocks

Spiking 20% in the last three months, Vale VALE is a top momentum stock that investors will want to pay attention to heading into the new year.
Headquartered in Brazil, Vale has multinational operations and is suitable for portfolio diversification. Offering exposure to one of the leading emerging markets, Vale is among the world’s largest mining companies with a market capitalization of $58.64 billion.
Vale’s core operations include the production of iron ore, iron ore pellets, copper, and nickel, along with manganese, ferroalloys, gold, silver, and cobalt.
Image Source: Zacks Investment Research
Vale’s Improved Operational Performance
Major management changes, including the appointment of its new CEO, Gustavo Pimenta, have helped Vale move past ethical and environmental disasters such as the 2015 dam collapse at its mining site in the small town of Mariana, Brazil.
This is also the synopsis as to why Vale stock has traded at suppressed levels, but has seen a rejuvenation to a new 52-week high of $13 a share on gains of nearly 50% in 2025.
Image Source: Zacks Investment Research
Pimenta is doing more than just changing Vale’s image, with the company shedding its non-core and lower-margin production of fertilizer, coal, and steel to focus on its strengths in iron ore, nickel, and copper production. This streamlined strategy has helped to improve long-term stability and profitability at the right time, especially considering copper prices are near all-time highs of over $5 per pound.
Furthermore, Vale has reported some of its highest production numbers since 2018, producing 94.4 million metric tons of iron ore and 90.8 million tons of copper in Q3 2025. For miners, higher production generally boosts revenue expectations and investor interest.
Image Source: TradingView
Vale’s Attractive Valuation & Dividend
Vale stock also looks cheap in terms of valuation, trading at just 6X forward earnings with EPS now expected to increase 10% in fiscal 2025 and projected to rise another 1% in FY26 to $2.02. More reassuring is that FY25 and FY26 EPS estimates have continued to trend higher over the last quarter, as shown below.
Plus, annual sales projections are heading toward $40 billion, with Vale stock trading at the often preferred level of less than 2X forward sales. And as a reminder of Vale’s earnings potential, we are not too far removed from the mining leader posting record EPS of $5.40 in 2021 on annual sales of $54.5 billion.
Image Source: Zacks Investment Research
The salsa on top that makes Vale stock a hot pick right now is its nearly 7% annual dividend yield.
Image Source: Zacks Investment Research
It’s noteworthy that when including dividends, Vale’s total return over the last decade is still an eye-catching 600%.
Image Source: Zacks Investment Research
Bottom Line
After a tremulous period of time, Vale has started to reward investors who have stayed the course, and the company’s turnaround points to more upside. The risk-to-reward has remained favorable, as Vale stock stands out with an “A” Zacks Style Scores grade for both Value and Momentum in addition to its Zacks Rank #1 (Strong Buy) rating being attributed to the positive trend of EPS revisions.
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VALE S.A. (VALE) : Free Stock Analysis Report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Indicator	TTM Median
P/E	8.34 24.53
Price/Sales	1.20 1.42
P/B	1.73 1.85
P/FCF	25.62 25.41

Indicator	TTM Median
ROE	14.32 12.28
ROA	6.38 6.00
ROI	9.65 7.93
Net Worth	73.44 1.81
Quick Ratio	0.82 1.21
Current Ratio	1.22 1.99

Indicator	TTM Median
Net Profit Margin	14.29 8.60
Operating Margin	22.59 11.70
Gross Margin	34.19 28.06
Return on tangible equity	19.34 15.84

Indicator	TTM Median
EPS	0.56 0.31
EPS Forecast	1.04 0.28
Revenue	10.42B 242.00M
Gross Profit	3.79B —
EBITDA	3.55B —

VALE S.A.

TTM metrics for the latest quarter under IFRS and their historical dynamics

Valuation

Debts

Efficiency

Other ratios

Revenue