07:40 AM EDT, 04/28/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We decrease our 12-month target by $2 to $10, using an EV/EBITDA of 3.7x our 2026 EBITDA estimate, which is in line with VALE's three-year avg. forward EV/EBITDA of 3.7x and a discount to peers, which are trading at an average forward EV/EBITDA of 4.8x. We lower our 2025 earnings per ADS by BRL1.44 to BRL12.18 and our 2026 EPS forecast by BRL3.27 to BRL11.15. VALE posts Q1 adj. EPS of BRL1.98 vs. BRL2.41, BRL0.35 below consensus; Q1 sales fell 4% Y/Y and missed consensus by 0.5%. Vale's Q1 2025 results reflect a mixed performance across its key segments. Iron ore production declined 4.5% Y/Y to 67.7Mt, primarily due to licensing restrictions at Serra Norte and higher rainfall in the Northern System. However, iron ore sales increased 3.6% Y/Y to 66.1Mt, supported by the use of advanced inventories. The base metals segment showed strength, with copper and nickel production both increasing by 11% Y/Y. Copper production reached 90.9kt, driven by strong operational performance at Salobo, Sossego, and Voisey's Bay.