4.14 -0.05 (-1.11%)
After hours: 4:26PM EDT
|Bid||4.18 x 40000|
|Ask||4.25 x 38500|
|Day's Range||4.07 - 4.21|
|52 Week Range||2.89 - 5.32|
|Beta (3Y Monthly)||3.37|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.14 (3.39%)|
|1y Target Est||5.13|
NEW YORK, Sept. 28, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of ...
NEW YORK, NY / ACCESSWIRE / August 8, 2018 / Gerdau S.A. Sponsored ADR Pfd (NYSE: GGB ) will be discussing their earnings results in their Q2 Earnings Call to be held on August 8, 2018 at 2:00 PM Eastern ...
WallStEquities.com reexplores the Steel and Iron sector, which covers the manufacture of steel into basic shapes and forms that then can be used to create products.Under evaluation this morning are the following four stocks: Steel Dynamics Inc. (NASDAQ: STLD), United States Steel Corp. (NYSE: X), Gerdau S.A. (NYSE: GGB), and Nucor Corp. (NYSE: NUE). On Tuesday, shares in Fort Wayne, Indiana headquartered Steel Dynamics Inc. recorded a trading volume of 1.49 million shares.
Under observation today are these four equities: Gerdau S.A. (NYSE: GGB), India Globalization Capital Inc. (NYSE AMER: IGC), Nucor Corp. (NYSE: NUE), and Reliance Steel & Aluminum Co. (NYSE: RS). On Tuesday, shares in Sao Paulo, Brazil-based Gerdau S.A. saw a slight decline of 0.43%, ending the day at $4.62.
Gerdau's (GGB) first-quarter 2018 profitability gains from steel production and shipments as well as rise in steel price internationally. Fall in interest expenses aids the company.
SAO PAULO , May 9, 2018 /PRNewswire/ -- 1Q18 Highlights EBITDA of R$1,5 million in 1Q18, up 74% from 1Q17, with EBITDA margin of 14.3% Reduction in selling, general and administrative expenses in 1Q18, ...
IRVING, Texas, April 19, 2018 /PRNewswire/ -- Commercial Metals Company (CMC) ("CMC") announced today that it has agreed to sell $350 million aggregate principal amount of 5.750% Senior Notes due 2026 (the "Notes") in an offering exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). The offering is expected to close on or about May 3, 2018, subject to customary closing conditions. CMC intends to use the net proceeds from the offering to finance a portion of the purchase price of its previously announced acquisition of certain U.S. rebar steel mill and fabrication assets from Gerdau S.A. (GGB) (the "Business").
IRVING, Texas, April 19, 2018 /PRNewswire/ -- Commercial Metals Company (CMC) ("CMC") announced today that it is offering to sell, subject to market and other conditions, $350 million aggregate principal amount of Senior Notes due 2026 (the "Notes") in an offering exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). Final terms for the offering of the Notes will be determined at the time of pricing. CMC intends to use the net proceeds from the offering to finance a portion of the purchase price of its previously announced acquisition of certain U.S. rebar steel mill and fabrication assets from Gerdau S.A. (GGB) (the "Business").
SÃO PAULO, 3 de abril de 2018 /PRNewswire/ -- GERDAU S.A. (NYSE: GGB, BM&Fbovespa: GGBR3, GGBR4) hereby announces that the Form 20-F related to the fiscal year ended December 31, 2017 was filed with the ...
Gerdau's (GGB) divestment of its North American assets, including two downstream facilities and one wire rod mill, is going to help it enhance profitability from the rest of the assets in the region.
Seasonal demand pick-up coupled with high lead times have positively impacted flat-rolled steel prices. It’s also worth noting that U.S. Steel (X) and AK Steel (AKS) took some of their flat-rolled capacity offline in 2015 in response to falling spot steel prices. Rebar prices have underperformed HRC (hot rolled coil) recently.
PORTO ALEGRE, Brazil , Feb. 28, 2018 /PRNewswire/ -- 4Q17 Highlights Free cash flow of R$ 1.5 billion in 2017. Selling, general and administrative expenses decrease 26% in 4Q17 compared to 4Q16, corresponding ...
On the 4Q17 earnings call, ArcelorMittal’s (MT) CEO, Lakshmi Mittal, outlined a new capital allocation strategy. According to Mittal, “Mostly, we will continue to prioritize deleveraging, we believe that a net debt level of $6 billion with an appropriate target to sustain investment-grade rating metrics and support positive free cash flow even in the low point on the cycle. A few years back, ArcelorMittal set itself a medium-term net debt target of $15 billion.
Along with releasing its 2017 results, Kinross Gold (KGC) also announced an acquisition of two hydroelectric power plants in Brazil from a subsidiary of Gerdau (GGB). The rationale behind this acquisition is to secure long-term, low-cost power for its Paracatu mine in Brazil. This power should lower the overall production costs for the company’s Paracatu mine over its mine-life.
Kinross Gold (KGC) released its 4Q17 and 2017 results on February 14, after the market closed, and held a conference call with analysts on February 15. Kinross Gold stock dropped ~7% on February 15, underperforming the VanEck Vectors Gold Miners ETF (GDX), which fell just 1.0%. Goldcorp (GG) and Barrick Gold (ABX) also released their 4Q17 results on February 14 and held earnings calls the next day.
Gerdau's (GGB) divestment deal, related to two hydroelectric power plants in Goias with a business unit of Kinross Gold, will strengthen the company's core operations upon completion.
As we discussed previously, ArcelorMittal (MT) has submitted its bid for Essar Steel. The acquisition, if completed, will provide ArcelorMittal with a strong platform in India. Notably, ArcelorMittal doesn’t have a major presence in India.
Gerdau (GGB) is well poised to benefit from its diversified business structure that primarily includes crude steel production and iron ore mining activities.