|Bid||3.5000 x 36200|
|Ask||3.6500 x 1300|
|Day's range||3.5350 - 3.6500|
|52-week range||1.0200 - 3.8800|
|Beta (5Y monthly)||1.64|
|PE ratio (TTM)||4.99|
|Forward dividend & yield||0.07 (2.00%)|
|Ex-dividend date||04 May 2020|
|1y target est||2.73|
Image source: The Motley Fool. Companhia Siderúrgica Nacional (NYSE: SID)Q3 2020 Earnings CallOct 16, 2020, 10:00 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGood afternoon, ladies and gentlemen, and thank you for holding.
Shares of Brazilian steelmaker Companhia Siderurgica Nacional (NYSE: SID) are starting the day of right Wednesday, rising 9.3% as of noon EDT. This morning, investment bank Credit Suisse made a broad statement of optimism about global steel demand in general, raising its forecasts for steel demand by 7% for next year. Credit Suisse is even more optimistic about demand for steel input iron ore than for steel itself, predicting ore prices will rise between 17% and 30% over the next three years, according to Barron's. But this could be doubly good news for industrial giant Companhia Siderurgica Nacional, which sells a lot of steel ($3.5 billion worth last year) and also a lot of iron ore with which to make the steel ($2.5 billion, according to data from S&P Global Market Intelligence).
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