Somewhat Positive News Coverage Somewhat Unlikely to Affect Gerdau (GGB) Share Price
Headlines about Gerdau (NYSE:GGB) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Gerdau earned a daily sentiment score of 0.08 on Accern’s scale. Accern also gave news headlines about the basic materials company an impact score of 45.7671329754015 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern’s analysis:
- Gerdau SA (GGB) is at $3.57 per share and EnLink Midstream, LLC (ENLC) is listed at $16.70 – Stocks Gallery (stocksgallery.com)
- Gerdau SA (GGB) Seeing Increased Volatility in Session – Sparta Review (spartareview.com)
- Dimensional Fund Advisors Lp Marginally Decreases Its Position in Gerdau SA (GGB) Last Quarter – Modern Readers (modernreaders.com)
- Gerdau SA (GGB) Buy, Hold or Sell? What Analysts Recommend – ExpertGazette (expertgazette.com)
- Gerdau SA (GGB) has a value of $3.55 per share While Evolent Health, Inc. (EVH) is stand at $18.15 – Stocks Gallery (stocksgallery.com)
Gerdau (GGB) opened at 3.50 on Friday. Gerdau has a 1-year low of $2.47 and a 1-year high of $4.39. The company’s 50-day moving average price is $3.32 and its 200 day moving average price is $3.40. The firm’s market capitalization is $5.98 billion.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Thursday, August 24th will be paid a dividend of $0.005 per share. The ex-dividend date is Tuesday, August 22nd. This represents a $0.02 annualized dividend and a dividend yield of 0.57%.
Several research analysts recently commented on GGB shares. Zacks Investment Research raised 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 raised Gerdau from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. Finally, Scotiabank raised 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 given a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $3.25.
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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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