GGB - Gerdau S.A.
| Previous Close | 4.91 |
| Open | 4.84 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's Range | 4.79 - 4.88 |
| 52 Week Range | 2.60 - 5.32 |
| Volume | 5,179,080 |
| Avg. Volume | 11,005,264 |
| Market Cap | 7.985B |
| Beta | 3.30 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.06 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.04 (0.77%) |
| Ex-Dividend Date | 2018-03-09 |
| 1y Target Est | 6.62 |
- PR Newswire•4 days ago
Commercial Metals Company Announces Pricing of $350 Million of Senior Notes due 2026
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").
- Moody's•5 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 ...
- PR Newswire•5 days ago
Commercial Metals Company Announces Proposed Private Offering of $350 Million of Senior Notes due 2026
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").
Market Realist•20 days agoHow US Steel Imports Are Looking in 2018
US Steel: It’s Time to Look beyond Section 232
- PR Newswire•20 days ago
GERDAU S.A. - Form 20-F
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 ...
- Zacks•21 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.
- Investopedia•22 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.
- GlobeNewswire•28 days ago
Consolidated Research: 2018 Summary Expectations for BP p.l.c, Gerdau S.A, GlaxoSmithKline plc, Suncor Energy, TCF Financial, and BRF S.A — Fundamental Analysis, Key Performance Indications
NEW YORK, March 27, 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 ...
- Moody's•last 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. ...
Market Realist•2 months agoWhat 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.
Market Realist•2 months agoGlobal Steel Production Takes a Breather after a Strong 2017
Checking Up on the Steel Industry’s Supply Equation in 2018
- Moody's•2 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 ...
- PR Newswire•2 months ago
GERDAU S.A. - Consolidated Information
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 ...
- Market Realist•2 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.
- Market Realist•2 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.
Market Realist•2 months agoWhy 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.
- Zacks•2 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.
- GlobeNewswire•2 months 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 ...
Market Realist•2 months agoHow 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.
- Reuters•2 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.
- Zacks•3 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's•3 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 Journals•4 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.
Motley Fool•4 months agoCommercial Metals Company (CMC) Q1 2018 Earnings Conference Call Transcript
CMC earnings call for the period ending November 30, 2017.
- ACCESSWIRE•4 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"). ...
