BofA Names Vale (VALE) a Top Pick for 2026 After Strong Rally

Vale S.A. (NYSE:VALE) ranks among the stocks with the lowest forward PE ratios. BofA Securities increased its price target for Vale S.A. (NYSE:VALE) to $17 from $15 on January 22, while keeping a Buy rating on the company’s shares. The rise comes after Vale’s shares rose 47% in 2025, exceeding its industry peers.

The firm pointed to Vale’s “solid operational execution, more robust FCF yields, and de-risking” as significant drivers of the stock’s outperformance back in 2025, saying that Vale S.A. (NYSE:VALE) has recaptured its position as the world’s leading iron ore miner.

BofA also listed five key reasons why Vale S.A. (NYSE:VALE) continues to be one of its top picks for 2026, including portfolio versatility, iron ore and copper growth, improved cost and spending discipline, stronger cash generation over its competitors, and advancements in operational de-risking.

Vale S.A. (NYSE:VALE), based in Rio de Janeiro, Brazil, and its subsidiaries produce and sell iron ore and iron ore pellets used as raw materials in steelmaking in Brazil and abroad.

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Disclosure: None. This article is originally published at Insider Monkey.