Vale SA board member Marcelo Gasparino resigned on Monday. This departure follows a series of governance tensions and scrutiny over alleged information leaks. The Brazilian mining giant also faces ongoing internal pressure regarding board member conduct.
Scotiabank analysts lowered Vale’s fiscal year 2026 earnings per share estimates to $2.22. This figure is down from the previous estimate of $2.56. The bank maintained its Sector Perform rating and a $16.00 price target on the stock. This revision follows a quarterly earnings report that missed analyst expectations.