15 Cheap Stocks Under $50 to Buy Right Now

5. Vale S.A. (NYSE:VALE)

Vale S.A. (NYSE:VALE) is one of the best cheap stocks under $50 to buy right now. Vale S.A. (NYSE:VALE) was downgraded to Neutral from Buy by BofA on February 26, with the firm adjusting the price target on the stock to $18 from $17. It told investors in a research note that it sees a “mismatch” with the shares up 35% year-to-date while iron ore prices are down 7%, adding that it expects limited upside in the shares from here, given the decline in iron ore prices and declines in steel demand. According to the firm, the stock is already priced in Vale’s (NYSE:VALE) near-term potential.

In another development, Freedom Capital lifted the price target on Vale S.A. (NYSE:VALE) to $14.10 from $12 on February 20 and maintained a Hold rating on the shares. The firm told investors that it anticipates copper prices to continue to trend higher, with a demand for refined copper supported by long-term structural drivers.

The rating updates came after Vale S.A. (NYSE:VALE) announced its performance in fiscal Q4 and full year 2025 on February 12, reporting strong operational and cost performance across all business segments, with all 2025 guidances achieved. The company reported robust sales, with iron ore, copper, and nickel sales growing by 5%, 8%, and 5% year-over-year in fiscal Q4 2025, respectively, and up 3%, 12%, and 11% in 2025, respectively.

Vale S.A. (NYSE:VALE) is a global mining and metals company that is based in Rio de Janeiro, Brazil, and has a presence in over 20 countries. It is the world’s largest producer of iron ore and nickel, and it also has operations in manganese, ferroalloys, copper, gold, silver, and cobalt.