Shares of Basic Materials sector company Gerdau moved 0.8% today, and are now trading at a price of $5.89. The mid-cap stock's daily volume was 1,692,228 compared to its average volume of 13,651,898. The S&P 500 index returned a -0.4% performance.
Gerdau S.A., together with its subsidiaries, operates as a steel producer company in the Americas.The company is based in São Paulo and has 30,000 full time employees. Its market capitalization is $9,864,693,760. Gerdau currently offers its equity investors a dividend that yields 3.4% per year.
2 analysts are following Gerdau and have set target prices ranging from $6.33 to $6.81 per share. On average, they have given the company a rating of strong_buy. At today's prices, GGB is trading -10.27% away from its average analyst target price of $6.57 per share.
Over the last year, GGB's share price has increased by 26.9%, which represents a difference of 41.6% when compared to the S&P 500. The stock's 52 week high is $6.62 per share whereas its 52 week low is $3.94. With an average free cash flow of $3,737,244,750.0 that have been growing at an average rate of 1556.4% over the last four years, Gerdau is in a position to continue its strong stock performance trend.
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