|Bid||3.0700 x 29200|
|Ask||3.1200 x 27000|
|Day's Range||2.9515 - 3.1200|
|52 Week Range||2.9100 - 9.5900|
|Beta (5Y Monthly)||1.59|
|PE Ratio (TTM)||2.69|
|Forward Dividend & Yield||0.54 (17.03%)|
|Ex-Dividend Date||May 11, 2022|
|1y Target Est||N/A|
Miners Vale SA and BHP Group said in a joint statement on Monday they are not interested in selling their joint venture Samarco, after reports of the interest of Brazilian steelmaker Companhia Siderurgica Nacional (CSN). "BHP Brasil and Vale say Samarco is not for sale and reaffirm its support for the restructuring plan filed by the employees' unions," the companies said in a joint statement. CSN is drafting an offer to acquire miner Samarco Mineracao SA, which will be presented by its adviser RK Partners to the bankruptcy court judge overseeing its debt restructuring, two people with knowledge of the matter said.
Brazilian steelmaker Companhia Siderurgica Nacional (CSN) is drafting an offer to acquire miner Samarco Mineracao SA, which will be presented to the bankruptcy court judge overseeing its debt restructuring, a person with knowledge of the matter said. CSN hired restructuring firm RK Partners to draft a proposal to buy control of Samarco, the source said, requesting anonymity to disclose private discussions. Brazilian newspaper O Globo reported on Sunday CSN's interest in Samarco.
Siderurgica Nacional (SID) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.