Gerdau (GGB) Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Gerdau in the last twelve months. There are currently 3 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" GGB shares. 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.
View GGB analyst ratings or view top-rated stocks.

3 Wall Street analysts have issued twelve-month price targets for Gerdau's shares. Their GGB share price forecasts range from $5.71 to $5.71. On average, they predict the company's share price to reach $5.71 in the next year. This suggests a possible upside of 19.8% from the stock's current price.
View analysts price targets for GGB or view top-rated stocks among Wall Street analysts.

Gerdau's stock was trading at $5.2762 on January 1st, 2023. Since then, GGB stock has decreased by 9.6% and is now trading at $4.77.
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Gerdau saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 11,590,000 shares, an increase of 15.2% from the August 15th total of 10,060,000 shares. Based on an average trading volume of 6,670,000 shares, the short-interest ratio is presently 1.7 days. Approximately 1.0% of the shares of the company are short sold.
View Gerdau's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
View our GGB earnings forecast.

Gerdau S.A. (NYSE:GGB) issued its quarterly earnings data on Tuesday, August, 8th. The basic materials company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.29 by $0.05. The basic materials company earned $3.69 billion during the quarter, compared to the consensus estimate of $3.79 billion. Gerdau had a trailing twelve-month return on equity of 19.91% and a net margin of 12.56%.

Gerdau announced a quarterly dividend on Wednesday, August 9th. Shareholders of record on Tuesday, August 22nd will be paid a dividend of $0.0878 per share on Wednesday, September 6th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 7.36%. The ex-dividend date of this dividend is Monday, August 21st. This is a positive change from the stock's previous quarterly dividend of $0.00.
Read our dividend analysis for GGB.

ETFs with the largest weight of Gerdau (NYSE:GGB) stock in their portfolio include VanEck Steel ETF (SLX), iShares Latin America 40 ETF (ILF), Virtus Real Asset Income ETF (VRAI), Invesco Zacks Multi-Asset Income ETF (CVY), Pacer Emerging Markets Cash Cows 100 ETF (ECOW) and Emerge EMPWR Sustainable Emerging Markets Equity ETF (EMCH).Avantis Emerging Markets Value ETF (AVES).

Gerdau (NYSE:GGB) pays an annual dividend of $0.52 per share and currently has a dividend yield of 10.82%. GGB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 46.85%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, GGB will have a dividend payout ratio of 75.36% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for GGB.

Shares of Gerdau split before market open on Wednesday, March 22nd 2023. The 21-20 split was announced on Wednesday, March 22nd 2023. The newly issued 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.

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.

Based on aggregate information from My MarketBeat watchlists, some companies that other Gerdau investors own include Bank of America (BAC), Intelsat (I), Companhia Siderúrgica Nacional (SID), Mallinckrodt (MNK), Fossil Group (FOSL), Ciena (CIEN), Vale (VALE), AMC Entertainment (AMC), Associated British Foods (ABF) and Chaarat Gold (CGH).

Gerdau trades on the New York Stock Exchange (NYSE) under the ticker symbol "GGB."

Shares of GGB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GGB stock can currently be purchased for approximately $4.77.

Gerdau (NYSE:GGB) has a market capitalization of $8.38 billion and generates $76.25 billion in revenue each year. The basic materials company earns $2.21 billion in net income (profit) each year or $1.11 on an earnings per share basis.

The company employs 28,197 workers across the globe.

Gerdau's mailing address is AV DOUTORA RUTH CARDOSO 8 501 8TH FLOOR, SAO PAULO SP D5, 05425. The official website for the company is www2.gerdau.com. The basic materials company can be reached via phone at 551130946300, via email at inform@gerdau.com, or via fax at 55-51-3323-2222.