GGB - Gerdau S.A.

NYSE - Nasdaq Real-time price. Currency in USD
4.1000
+0.0300 (+0.74%)
As of 3:38PM EST. Market open.
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Previous close4.0700
Open4.0600
Bid4.0900 x 2900
Ask4.1000 x 42300
Day's range4.0100 - 4.1100
52-week range2.7300 - 4.3900
Volume7722779
Avg. volume9,543,617
Market cap6.6B
Beta (3Y monthly)1.96
PE ratio (TTM)49.40
EPS (TTM)0.0830
Earnings dateN/A
Forward dividend & yield0.04 (0.93%)
Ex-dividend date2019-11-12
1y target est4.95
  • Everybody Wins on Trump Tariffs as Brazilian Steelmakers Rise
    Bloomberg

    Everybody Wins on Trump Tariffs as Brazilian Steelmakers Rise

    (Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Trade wars are “good, and easy to win.”President Donald Trump on Monday rolled out a new round of tariffs on steel and aluminum imports intended to punish Brazil and Argentina for cheapening their currencies. But Brazilian steelmakers were winners alongside their U.S. counterparts as shares for companies in both countries gained.In 2018, Trump was famously quoted talking about easy-to-win trade wars. Brazilian steelmakers, though, are unlikely to feel much of a sting because they either have plants in the U.S. or ship relatively little into the country, according to Pedro Galdi, an analyst at Mirae Asset Wealth Management. JPMorgan Chase & Co. and XP Investimentos reiterated their buy-equivalent ratings for Gerdau.“The impact is neutral, almost null” on Brazilian steelmakers, Galdi said by phone. The companies “are exporting very little and basically steel plates, a basic product which they can easily redirect to other markets. That’s why stocks are not reacting negatively to the announcement.”The American depositary receipts of Brazilian steelmaker Gerdau SA rose 2%, while Cia Siderurgica Nacional SA, or CSN, rose 4.1% and Usinas Siderurgicas de Minas Gerais SA gained 1.3%. Meanwhile, in New York trading, AK Steel Holding Corp., U.S. Steel Corp. and TimkenSteel Corp. all advanced more than 3%.Gerdau, which has plants in the U.S., might have to manage its stocks and avoid using material it produces in Brazil in its North American operations, Galdi said. CSN can sell its products to other countries, according to Galdi.To contact the reporters on this story: Joe Richter in New York at jrichter1@bloomberg.net;Sabrina Valle in Rio de Janeiro at svalle@bloomberg.netTo contact the editors responsible for this story: Luzi Ann Javier at ljavier@bloomberg.net, Joe Richter, Reg GaleFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Gerdau (GGB) Catches Eye: Stock Jumps 8.1%
    Zacks

    Gerdau (GGB) Catches Eye: Stock Jumps 8.1%

    Gerdau (GGB) saw a big move last session, as its shares jumped more than 8% on the day, amid huge volumes.

  • We Think Green Growth Brands (CNSX:GGB) Has A Fair Chunk Of Debt
    Simply Wall St.

    We Think Green Growth Brands (CNSX:GGB) Has A Fair Chunk Of Debt

    Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

  • Gerdau (GGB) Catches Eye: Stock Jumps 7%
    Zacks

    Gerdau (GGB) Catches Eye: Stock Jumps 7%

    Gerdau (GGB) saw a big move last session, as its shares jumped nearly 7% on the day, amid huge volumes.

  • US Raw Steel Output Rises as Capacity Utilization Tops 80%
    Zacks

    US Raw Steel Output Rises as Capacity Utilization Tops 80%

    U.S. steel mills operated at 81% of their capacity for the week ending Dec 29.

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    Eastman Chemical's (EMN) Board Announces 11% Hike in Dividend

    Eastman Chemical (EMN) is committed towards balanced and disciplined capital allocation and shareholders returns.

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