GGB - Gerdau S.A.

NYSE - NYSE Delayed Price. Currency in USD
4.92
-0.07 (-1.40%)
At close: 4:01PM EST

4.97 +0.04 (0.89%)
After hours: 4:11PM EST

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Previous Close4.99
Open4.98
Bid4.20 x 5000
Ask4.22 x 1000
Day's Range4.86 - 5.07
52 Week Range2.60 - 5.07
Volume15,762,811
Avg. Volume10,681,247
Market Cap8.056B
Beta3.50
PE Ratio (TTM)N/A
EPS (TTM)-0.37
Earnings DateN/A
Forward Dividend & Yield0.03 (0.59%)
Ex-Dividend Date2017-11-22
1y Target Est5.45
Trade prices are not sourced from all markets
  • Goal Posts Move for ArcelorMittal as Steel Markets Revive
    Market Realist10 hours 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 Realist4 days 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 Realist4 days 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
    Zacks5 days 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.

  • GlobeNewswire6 days ago

    Kinross announces acquisition of power plants in Brazil to secure long-term, low-cost power for Paracatu mine

    TORONTO, Feb. 14, 2018-- Kinross Gold Corporation is pleased to announce that its wholly-owned subsidiary, Kinross Brasil Mineraçao, has agreed to acquire two hydroelectric power plants in Brazil from ...

  • How ArcelorMittal’s Acquisitions Could Benefit Investors
    Market Realist7 days 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.

  • Reuters13 days 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
    Zackslast month

    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'slast month

    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 Journals2 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 Fool2 months ago

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

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

  • ACCESSWIRE2 months ago

    Wired News – Commercial Metals Acquires US-Based Rebar Assets from Brazilian Steelmaker Gerdau

    Stock Monitor: Gerdau Post Earnings Reporting LONDON, UK / ACCESSWIRE / January 04, 2018 / Active-Investors.com has just released a free research report on Commercial Metals Co. (NYSE: CMC ) ("CMC"). ...

  • American City Business Journals2 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's2 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
    Zacks2 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.

  • The Wall Street Journal2 months ago

    [$$] Commercial Metals Bolsters Holdings of a Construction Steel

    Commercial Metals Co. plans to acquire assets from a Brazilian rival that would double its share of U.S. rebar steel, a key construction material.

  • American City Business Journals2 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's2 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 Journals2 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.

  • PR Newswire2 months ago

    Commercial Metals Company To Acquire Certain U.S. Rebar Assets From Gerdau

    IRVING, Texas, Jan. 2, 2018 /PRNewswire/ -- Commercial Metals Company (CMC), today announced it has entered into a definitive agreement to acquire certain U.S. rebar steel mill and fabrication assets from Gerdau S.A. (GGB), a producer of long and specialty steel products in the Americas for a cash purchase price of $600 million, subject to customary purchase price adjustments. Upon completion of the acquisition, CMC will have an expanded geographic footprint in the largest construction regions in the U.S.  The acquisition will increase CMC's annual rebar and fabrication capacity and allow for the more efficient utilization of its asset base to better serve customers. "This acquisition aligns with our strategy to focus on our strength in concrete reinforcing products and leverages CMC's core competencies in rebar production and value added fabrication services to non-residential construction customers.  In addition, these assets provide us the opportunity to optimize our product mix more fully in the U.S.   As a leader in rebar manufacturing technology and customer service, we are excited to take advantage of our expertise to increase throughput, lower costs and improve the customer experience in our new operations," stated Barbara Smith, President and CEO of Commercial Metals Company.

  • Capital Cube2 months ago

    ETFs with exposure to Gerdau SA : December 29, 2017

    Categories: ETFs Yahoo FinanceClick here to see latest analysis ETFs with exposure to Gerdau SA Here are 5 ETFs with the largest exposure to GGB-US. Comparing the performance and risk of Gerdau SA with the ETFs that have exposure to it gives us some ETF choices that could give us similar returns with lower volatility. Ticker Fund Name ... Read more (Read more...)

  • PR Newswire3 months ago

    The 25 most potent corporate reputations in Brazil contribute US$180 billion of shareholder value

    SAO PAULO , Nov. 30, 2017 /PRNewswire/ -- Reputation Dividend ( www.reputationdividend.com ), in association with MZ" ( www.mzgroup.com ), announced today the 2017 Brazil Reputation Dividend Report. ...

  • PR Newswire3 months ago

    The 25 most potent corporate reputations in Brazil contribute US$180 billion of shareholder value

    SAO PAULO , Nov. 29, 2017 /PRNewswire/ -- Reputation Dividend ( www.reputationdividend.com ), in association with MZ" ( www.mzgroup.com ), announced today the 2017 Brazil Reputation Dividend Report. ...

  • Capital Cube3 months ago

    ETFs with exposure to Gerdau SA : November 27, 2017

    Categories: ETFs Yahoo FinanceClick here to see latest analysis ETFs with exposure to Gerdau SA Here are 5 ETFs with the largest exposure to GGB-US. Comparing the performance and risk of Gerdau SA with the ETFs that have exposure to it gives us some ETF choices that could give us similar returns with lower volatility. Ticker Fund Name ... Read more (Read more...)

  • Capital Cube3 months ago

    ETFs with exposure to Gerdau SA : November 14, 2017

    Categories: ETFs Yahoo FinanceClick here to see latest analysis ETFs with exposure to Gerdau SA Here are 5 ETFs with the largest exposure to GGB-US. Comparing the performance and risk of Gerdau SA with the ETFs that have exposure to it gives us some ETF choices that could give us similar returns with lower volatility. Ticker Fund Name ... Read more (Read more...)