Companhia Siderúrgica Nacional - SID Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Companhia Siderúrgica Nacional in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" SID shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SID, but not buy additional shares or sell existing shares.
View SID analyst ratings or view top-rated stocks.

Companhia Siderúrgica Nacional's stock was trading at $2.76 at the beginning of 2023. Since then, SID shares have increased by 11.2% and is now trading at $3.07.
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Companhia Siderúrgica Nacional saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 2,240,000 shares, an increase of 46.4% from the February 28th total of 1,530,000 shares. Based on an average daily volume of 3,140,000 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.2% of the shares of the stock are short sold.
View Companhia Siderúrgica Nacional's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
View our SID earnings forecast.

Companhia Siderúrgica Nacional (NYSE:SID) issued its earnings results on Monday, July, 26th. The basic materials company reported $3.59 earnings per share for the quarter, beating analysts' consensus estimates of $1.05 by $2.54. The basic materials company earned $2.91 billion during the quarter, compared to analyst estimates of $2.92 billion. Companhia Siderúrgica Nacional had a trailing twelve-month return on equity of 8.45% and a net margin of 4.52%.

Companhia Siderúrgica Nacional declared a dividend on Monday, May 2nd. Stockholders of record on Thursday, May 12th will be given a dividend of $0.136 per share on Thursday, May 12th. The ex-dividend date is Wednesday, May 11th. This is a boost from the stock's previous dividend of $0.00.
Read our dividend analysis for SID.

ETFs with the largest weight of Companhia Siderúrgica Nacional (NYSE:SID) stock in their portfolio include VanEck Steel ETF (SLX), Invesco Zacks Multi-Asset Income ETF (CVY), First Trust RiverFront Dynamic Emerging Markets ETF (RFEM), Avantis Emerging Markets Value ETF (AVES).VanEck Natural Resources ETF (HAP) and

Companhia Siderúrgica Nacional (NYSE:SID) pays an annual dividend of $0.42 per share and currently has a dividend yield of 14.55%. SID has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 144.83%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, SID will have a dividend payout ratio of 131.25% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for SID.

11 employees have rated Companhia Siderúrgica Nacional Chief Executive Officer Benjamin Steinbruch on Glassdoor.com. Benjamin Steinbruch has an approval rating of 79% among the company's employees.

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

Companhia Siderúrgica Nacional trades on the New York Stock Exchange (NYSE) under the ticker symbol "SID."

Shares of SID 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 SID stock can currently be purchased for approximately $3.07.

Companhia Siderúrgica Nacional (NYSE:SID) has a market capitalization of $4.26 billion and generates $8.59 billion in revenue each year. The basic materials company earns $419.88 million in net income (profit) each year or $0.29 on an earnings per share basis.

The company employs 24,660 workers across the globe.

Companhia Siderúrgica Nacional's mailing address is Av. Brigadeiro Faria Lima 3400 - 20th floor, Sao Paulo D5, 04538-132. The official website for the company is www.csn.com.br. The basic materials company can be reached via phone at 551130497100, via email at invrel@csn.com, or via fax at 55-11-3049-7212.