GGB - Gerdau S.A.

NYSE - NYSE Delayed Price. Currency in USD
4.75
-0.05 (-1.04%)
At close: 4:02PM EDT
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Previous Close4.80
Open4.70
Bid0.00 x 0
Ask0.00 x 0
Day's Range4.62 - 4.81
52 Week Range2.60 - 5.32
Volume8,588,249
Avg. Volume10,826,470
Market Cap7.885B
Beta3.30
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.04 (0.77%)
Ex-Dividend Date2018-03-09
1y Target EstN/A
Trade prices are not sourced from all markets
  • Moody's7 days ago

    Commercial Metals Company -- Moody's assigns Ba3 rating to CMC's proposed notes; all other ratings remain on review for downgrade

    Moody's Investors Service, ("Moody's") assigned a Ba3 rating to Commercial Metals Company's (CMC) proposed $350 million senior unsecured notes due in April 2026. Proceeds, together with the term ...

  • How US Steel Imports Are Looking in 2018
    Market Realist21 days ago

    How US Steel Imports Are Looking in 2018

    US Steel: It’s Time to Look beyond Section 232

  • Gerdau Closes Divestment of North American Assets to Optimus
    Zacks23 days ago

    Gerdau Closes Divestment of North American Assets to Optimus

    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.

  • Investopedia24 days ago

    Penny Stocks to Watch for April 2018

    The April penny stock list features gold and junior biotech stocks acting well in this challenging 2018 market environment.

  • Moody'slast month

    Moody's: Brazil's steel industry sees stronger demand, but protectionism could be an obstacle

    Brazil's steel industry is set for a continued turnaround in 2018 amid pick-up in demand, but rising protectionism may become a larger concern going ahead, says Moody's Investors Service in a new report. ...

  • What Should Nucor Investors Watch Out for in 2018?
    Market Realist2 months ago

    What Should Nucor Investors Watch Out for in 2018?

    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.

  • Global Steel Production Takes a Breather after a Strong 2017
    Market Realist2 months ago

    Global Steel Production Takes a Breather after a Strong 2017

    Checking Up on the Steel Industry’s Supply Equation in 2018

  • Moody's2 months ago

    Companhia Siderurgica Nacional S.A. (CSN) -- Moody's: US import tariffs on steel will have mixed implications for Brazil's producers

    Moody's Investors Service, ("Moody's") comments that the proposed 25% US tariff on its steel imports, which President Donald Trump will likely formally enact this week, will not dramatically ...

  • Goal Posts Move for ArcelorMittal as Steel Markets Revive
    Market Realist2 months ago

    Goal Posts Move for ArcelorMittal as Steel Markets Revive

    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.

  • Kinross Gold’s Power Plant Acquisition in Brazil to Add Value
    Market Realist2 months ago

    Kinross Gold’s Power Plant Acquisition in Brazil to Add Value

    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.

  • Why Kinross Gold Stock Plunged after 4Q17 Earnings
    Market Realist2 months ago

    Why Kinross Gold Stock Plunged after 4Q17 Earnings

    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 to Divest Two Hydroelectric Plants to Kinross Gold
    Zacks2 months ago

    Gerdau to Divest Two Hydroelectric Plants to Kinross Gold

    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.

  • How ArcelorMittal’s Acquisitions Could Benefit Investors
    Market Realist2 months ago

    How ArcelorMittal’s Acquisitions Could Benefit Investors

    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.

  • Reuters3 months ago

    Brazilian steelmaker CSN mulls asset sales, but 'not under pressure'

    Brazilian steelmaker Cia Siderúrgica Nacional is considering selling assets to reduce debt but is not "under pressure" to do so as it expects to conclude talks to refinance its debt with state banks, a senior executive told Reuters on Wednesday. "We may opt to sell assets instead of being pressured to do it," director Luis Fernando Martinez said. CSN, as the company is known, put assets up for sale in 2016, but has only made one small deal.

  • Here's Why You Should Hold on to Gerdau (GGB) Stock for Now
    Zacks3 months ago

    Here's Why You Should Hold on to Gerdau (GGB) Stock for Now

    Gerdau (GGB) is well poised to benefit from its diversified business structure that primarily includes crude steel production and iron ore mining activities.

  • Moody's3 months ago

    Jacksonville Economic Development Comm., FL -- Moody's upgrades Gerdau to Ba2; stable outlook

    Rating Action: Moody's upgrades Gerdau to Ba2; stable outlook. Global Credit Research- 12 Jan 2018. New York, January 12, 2018-- Moody's Investors Service upgraded to Ba2 from Ba3 Gerdau S.A.' s corporate ...

  • American City Business Journals4 months ago

    Industry expert calls Jax steel mill a 'good bet'

    Jacksonville's 280-employee steel mill was among the Gerdau (GGB) assets purchased by Commercial Metals Company (CMC) this month. Jacksonville's 600-acre facility is more than 40 years old and transforms 100 truckloads of scrap metal per-day into steel rebar. Now is a good time to be a producer of rebar, according to Lee Keevican, managing director of Renaissance Partners and former general counsel to Standard Steel (Freedom Forge Corporation) and American Alloys.

  • Commercial Metals Company (CMC) Q1 2018 Earnings Conference Call Transcript
    Motley Fool4 months ago

    Commercial Metals Company (CMC) Q1 2018 Earnings Conference Call Transcript

    CMC earnings call for the period ending November 30, 2017.

  • American City Business Journals4 months ago

    Stock of Irving company skyrockets after $600M purchase

    Irving-based Commercial Metals Company (CMC) acquired U.S. assets from Gerdau S.A. (GGB), a Brazilian steel company, in exchange for $600 million, the companies announced Tuesday. The move significantly bolsters Commercial Metals' capacity to produce reinforcing bar, or rebar, which is a key material used in the construction of buildings, bridges and roads. The addition of 2.7 million tons of melt capacity from Gerdau will increase Commercial Metals' capacity to 7.2 million tons, a 60 percent increase.

  • Moody's4 months ago

    Gerdau Trade Inc. -- Moody's comments that Gerdau's asset sale in the United States is credit positive

    Announcement: Moody's comments that Gerdau's asset sale in the United States is credit positive. Global Credit Research- 03 Jan 2018. New York, January 03, 2018-- Moody's Investors Service comments that ...

  • Gerdau's Rebar Business Sale to Aid Core Growth, Lower Debt
    Zacks4 months ago

    Gerdau's Rebar Business Sale to Aid Core Growth, Lower Debt

    Gerdau (GGB) has agreed to sell its U.S.-based rebar operations for $600 million. The deal, when completed, will help the company strengthen its core operations and lower its debt burden.

  • American City Business Journals4 months ago

    Jacksonville's Gerdau steel mill changes hands

    Gerdau S.A., a Brazilian steel manufacturer, has sold a number of its assets to Commercial Metals Company for $600 million. The transaction includes Jacksonville's 280-employee steel mill. Commercial Metals (CMC), an Irving, Texas steel producer, agreed to pay $600 million to buy 33 rebar fabrication facilities in the U.S., as well as four steel mills.

  • Moody's4 months ago

    Commercial Metals Company -- Moody's reviews Commercial Metals ratings (CFR -- Ba1) for downgrade on Acquisition Announcement

    Rating Action: Moody's reviews Commercial Metals ratings for downgrade on Acquisition Announcement. Global Credit Research- 02 Jan 2018. New York, January 02, 2018-- Moody's Investors Service, placed Commercial ...

  • American City Business Journals4 months ago

    Commercial Metals buys Gerdau’s Tampa, Jacksonville, Fort Lauderdale facilities

    Commercial Metals Co. will pay $600 million to buy some of Gerdau S.A.’s U.S. assets, including several Florida facilities. Commercial Metals (CMC), an Irving, Texas steel producer, will acquire 33 rebar fabrication facilities in the U.S., as well as four steel mills, a press release said. A steel mill in Jacksonville, including its recycling facility, is part of the purchase, as are related downstream fabrication facilities, technical resource centers, storage depots and placing facilities in Tampa, Fort Lauderdale, Jacksonville and 23 other locations, according to the purchase agreement filed Tuesday morning with the U.S. Securities and Exchange Commission.