---
title: "Scotiabank Sticks to Their Hold Rating for Vale SA (VALE)"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294529471.md"
description: "Scotiabank analyst Alfonso Salazar maintained a Hold rating on Vale SA (VALE) with a $16.00 price target. This follows similar Hold ratings from Goldman Sachs, while Bank of America Securities previously issued a Buy rating. Salazar, who covers the Basic Materials sector, has a 58.44% success rate on recommendations."
datetime: "2026-07-31T14:48:30.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294529471.md)
  - [en](https://longbridge.com/en/news/294529471.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294529471.md)
---

# Scotiabank Sticks to Their Hold Rating for Vale SA (VALE)

In a report released today, Alfonso Salazar from Scotiabank maintained a Hold rating on Vale SA, with a price target of $16.00.

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Salazar covers the Basic Materials sector, focusing on stocks such as Vale SA, Southern Copper, and Ternium SA. According to TipRanks, Salazar has an average return of 2.4% and a 58.44% success rate on recommended stocks.

In addition to Scotiabank, Vale SA also received a Hold from Goldman Sachs’s Marcio Farid in a report issued on July 27. However, on July 22, Bank of America Securities maintained a Buy rating on Vale SA (NYSE: VALE).

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## Related News & Research

- [Vale (NYSE:VALE) Posts Earnings Results, Misses Expectations By $0.10 EPS](https://longbridge.com/en/news/294549235.md)
- [Vale S.A. Details Governance Compliance and Shareholder Protections in July 2026 Report](https://longbridge.com/en/news/294541176.md)
- [Vale S.A. Confirms July 2026 Form 6-K Filing With U.S. SEC](https://longbridge.com/en/news/294532367.md)
- [Vale: Record EBITDA growth, strong cash returns, and accelerated project execution drive long-term value](https://longbridge.com/en/news/294539822.md)
- [Vale board member Gasparino steps down amid governance tensions](https://longbridge.com/en/news/293935129.md)