Gerdau GGB Stock Price Today

96 employees have rated Gerdau Chief Executive Officer André Bier Gerdau Johannpeter on Glassdoor.com. André Bier Gerdau Johannpeter has an approval rating of 53% among the company’s employees. This puts André Bier Gerdau Johannpeter in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. Gerdau (GGB) made it through our “Recent Price Strength” screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move. Gerdau’s stock is owned by a variety of institutional and retail investors.

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Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. 2 Wall Street research analysts have issued “buy,” “hold,” and “sell” ratings for Gerdau in the last twelve months. The consensus among Wall Street research analysts is that investors should “hold” GGB shares.

Gerdau (GGB) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, GGB broke out above the 50-day moving average, suggesting a shor… Gerdau’s stock was trading at $5.2762 at the beginning of 2023. Since then, GGB shares have decreased by 11.5% and is now trading at $4.67.

Gerdau (GGB)’s Technical Outlook is Bright After Key Golden Cross

No matter what I have to say next, you should not buy penny stocks. They’re volatile, woefully unpredictable and can lead you to emotional reactions that ultimately hurt your finances. Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest… According to one analyst, the rating for GGB stock is “Hold” and the 12-month stock price forecast is $5.71. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.

During times of market weakness, it’s beneficial to have a solid income stream from your investments. Generally speaking, you get what you pay for, which on paper doesn’t bode well for these bargain stocks under $10. Nevertheless, with thousands upon thousands of tradable securities available to publi… In 2022, Gerdau’s revenue was 82.41 billion, an increase of 5.19% compared to the previous year’s 78.35 billion. Throughout its 101 years of activities, they are largest long steel producer in Latin America, and have made an important contribution in building the history of the Brazilian industry.

Brazil, Mexico stocks fall after weak global data

Brazilian stocks drop Tuesday, with steel stocks hit hard after trade figures from China underscore concerns about slowing in Brazil’s key trading partner. Investing in little-known penny stocks can facilitate stock ownership in relatively unknown industries. Though they tend to be wildly risky, these inexpensive stocks tend to offer the potential for ou… Gerdau (GGB) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices.

The ex-dividend date of this dividend is Tuesday, May 16th. This is a boost from the stock’s previous — dividend of $0.02. 2 analysts have issued 1 year price targets for Gerdau’s stock. Their GGB share price forecasts range from $5.71 to $5.71. On average, they expect the company’s share price to reach $5.71 in the next year. This suggests a possible upside of 22.4% from the stock’s current price.

From a technical perspective, Gerdau (GGB) is looking like an interesting pick, as it just reached a key level of support. GGB recently overtook the 200-day moving average, and this suggests a long-te… Against the current challenging backdrop, it would be prudent to invest in some top-notch dividend-paying steel stocks. TX, GGB, APEMY and ANIOY are worth adding to your portfolio. Selected using techniques derived from the works of Benjamin Graham, these basic value stocks are trading below book value and pay dividends. Such equities are for those taking a long-term approach to…

• (0.42%), Causeway Capital Management LLC (0.40%) and Grantham Mayo Van Otterloo & Co.
• Gerdau (GGB) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices.
• Though they tend to be wildly risky, these inexpensive stocks tend to offer the potential for ou…
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View analysts price targets for GGB or view top-rated stocks among Wall Street analysts. Amid macro-level uncertainties, figuring out which penny stocks to buy before the bull market returns is probably the last thing on your mind. With stocks taking another dive after the latest inflatio…

Gerdau Group dedicates itself to meeting the growing demands of several dynamic industries involved in the production of goods and in the development of the economy. Gerdau steel is used in construction and industry as well as in the automotive and agricultural sectors. Please log in to your account or sign up in order to add this asset to your watchlist.

The split was announced on Wednesday, March 22nd 2023. The newly minted shares were distributed to shareholders after the market closes on Wednesday, March 22nd 2023. An investor that had 100 shares of stock prior to the split would have 105 shares after the split. Brazilian and Mexican stocks fall Thursday, weighed in part by downbeat data from China and the U.S., key export markets for Latin America’s largest economies.

At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.27% per year. These returns cover a period from January 1, 1988 through April 3, 2023. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return.

Based on an average daily trading volume, of 7,950,000 shares, the short-interest ratio is presently 0.9 days. Approximately 0.6% of the company’s stock are sold short. Stockholders of record on Wednesday, May 17th will be given a dividend of $0.101 per share on Tuesday, June 6th.

Top institutional investors include Acadian Asset Management LLC (1.57%), Arrowstreet Capital Limited Partnership (0.88%), Dimensional Fund Advisors LP (0.81%), Itau Unibanco Holding S.A. (0.42%), Causeway Capital Management LLC (0.40%) and Grantham Mayo Van Otterloo & Co. The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023. Sign-up to receive the latest news and ratings for Gerdau and its competitors with MarketBeat’s FREE daily newsletter.

One share of GGB stock can currently be purchased for approximately $4.67. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

A hold rating indicates that analysts believe investors should maintain any existing positions they have in GGB, but not buy additional shares or sell existing shares. Gerdau saw a decrease https://business-oppurtunities.com/give-an-entrepreneur-a-break/ in short interest during the month of April. As of April 30th, there was short interest totaling 7,180,000 shares, a decrease of 16.3% from the April 15th total of 8,580,000 shares.