Gerdau S.A. (NYSE:GGB) Set to Announce Earnings on Wednesday
Gerdau S.A. (NYSE:GGB) is scheduled to be releasing its earnings data before the market opens on Wednesday, August 9th.
Shares of Gerdau S.A. (NYSE:GGB) traded up 3.267% during trading on Monday, hitting $3.635. The stock had a trading volume of 1,687,836 shares. The firm’s market cap is $6.21 billion. Gerdau S.A. has a 12-month low of $2.19 and a 12-month high of $4.39. The stock has a 50-day moving average of $3.14 and a 200 day moving average of $3.41.
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GGB has been the subject of a number of recent research reports. Zacks Investment Research upgraded Gerdau from a “hold” rating to a “buy” rating and set a $3.25 target price for the company in a research note on Tuesday, June 27th. BidaskClub upgraded Gerdau from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. Finally, Scotiabank upgraded Gerdau from an “underperform” rating to a “sector perform” rating in a research note on Friday, June 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. Gerdau presently has an average rating of “Hold” and an average price target of $3.25.
Gerdau SA (Gerdau) is a manufacturer of long steel in the North and South America. The Company is engaged in the production and commercialization of steel products in general, through its mills located in Argentina, Brazil, Canada, Chile, Colombia, Spain, the United States, Guatemala, India, Mexico, Peru, the Dominican Republic, Uruguay and Venezuela.
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