|Bid||16.10 x 0|
|Ask||16.40 x 0|
|Day's Range||16.11 - 16.73|
|52 Week Range||8.25 - 16.90|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 9, 2018|
|Forward Dividend & Yield||0.03 (0.83%)|
|1y Target Est||15.91|
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.
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 ...
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.
Gerdau (GGB) is well poised to benefit from its diversified business structure that primarily includes crude steel production and iron ore mining activities.
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 ...
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.
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"). ...
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.
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 (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.
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.
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.
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 ...
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.
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.
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. ...
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. ...
Categories: ETFs Yahoo FinanceGet full CapitalCube analysis *Disclaimer : This is as of previous day’s closing price. Technical Indicators Below is a quick look at 5 technical indicators for Gerdau SA. More studies are available on the Technical Chart. Indicator Signal Closing Price above/below 50 Day Moving Average Bullish Closing Price above/below 200 Day Moving Average Bullish 50 ... Read more (Read more...)
Categories: Yahoo FinanceGet free summary analysis Gerdau SA reports financial results for the quarter ended September 30, 2017. We analyze the earnings along side the following peers of Gerdau SA – Nucor Corporation and United States Steel Corporation (NUE-US and X-US) that have also reported for this period. Highlights Summary numbers: Revenues of BRL 9,476.20 million, Net ... Read more (Read more...)
Gerdau's (GGB) third-quarter 2017 profitability benefited from higher revenues, fall in financial expenses and positive impact of exchange variations, partially offset by rise in cost of sales.
On a per-share basis, the Porto Alegre, Brazil-based company said it had profit of 3 cents. The steel producer posted revenue of $2.99 billion in the period. _____ This story was generated by Automated ...
Brazilian steelmaker Gerdau SA still aims to invest around 1.3 billion reais this year, Chief Executive André Gerdau Johannpeter said on Wednesday, suggesting a surge in fourth-quarter capital spending. ...