Gerdau S.A. (GGB) : 3 analysts are covering Gerdau S.A. (GGB) and their average rating on the stock is 3, which is read as a Hold. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Gerdau S.A. (GGB) has been rated by 2 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $6 and the lowest price target forecast is $2. The average forecast of all the analysts is $4.13 and the expected standard deviation is $2.65.
Gerdau S.A. is up 87.34% in the last 3-month period. Year-to-Date the stock performance stands at 146.67%. Gerdau S.A. (NYSE:GGB): stock turned positive on Tuesday. Though the stock opened at $3.05, the bulls momentum made the stock top out at $3.1 level for the day. The stock recorded a low of $2.95 and closed the trading day at $2.96, in the green by 0.33%. The total traded volume for the day was 16,933,740. The stock had closed at $2.9503 in the previous days trading.
Gerdau S.A. (Gerdau) is a producer of long rolled steel. The Company operates in five segments: Brazil (Brazil Business Operation), which includes the steel operations in Brazil (except special steel) and the metallurgical and coking coal operation in Colombia; North America (North America Business Operation), which includes all North American operations, except Mexico and special steel; Latin America (Latin America Business Operation), which includes all Latin American operations, except the operations in Brazil and the metallurgical and coking coal operations in Colombia; Special Steel (Special Steel Business Operation), which includes the special steel operations in Brazil, Spain, the United States and India, and Iron Ore (Iron Ore Business Operation), which includes the iron ore operations in Brazil. The Companys mills are located in Argentina, Brazil, Canada, Chile, Colombia, Spain, the United States, Guatemala, India, Mexico, Peru, the Dominican Republic, Uruguay and Venezuela.