Short Term Price Target on Gerdau S.A. (GGB)

Gerdau S.A. (NYSE:GGB) : The most positive equity analysts on Gerdau S.A. (NYSE:GGB) expects the shares to touch $6, whereas, the least positive believes that the stock will trade at $2 in the short term. The company is covered by 2 Wall Street Brokerage Firms. The average price target for shares are $3.95 with an expected fluctuation of $2.9 from the mean.

Gerdau S.A. has dropped 2.15% in the last five trading days, however, the shares have posted positive gains of 16.67% in the last 4 weeks. Gerdau S.A. has dropped 5.7% during the last 3-month period . Year-to-Date the stock performance stands at 51.67%.

Gerdau S.A. (NYSE:GGB) : Zacks Investment Research ranks Gerdau S.A. (NYSE:GGB) as 2, which is a Buy recommendation. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 3 research analysts is 3, which indicates as a Hold.

Gerdau S.A. (NYSE:GGB): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $1.75 and $1.73 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $1.82. The buying momentum continued till the end and the stock did not give up its gains. It closed at $1.82, notching a gain of 4.00% for the day. The total traded volume was 11,683,207 . The stock had closed at $1.75 on the previous day.

Gerdau S.A. (Gerdau) is a producer of long rolled steel. The Company operates in five segments: Brazil (Brazil Business Operation), which includes the steel operations in Brazil (except special steel) and the metallurgical and coking coal operation in Colombia; North America (North America Business Operation), which includes all North American operations, except Mexico and special steel; Latin America (Latin America Business Operation), which includes all Latin American operations, except the operations in Brazil and the metallurgical and coking coal operations in Colombia; Special Steel (Special Steel Business Operation), which includes the special steel operations in Brazil, Spain, the United States and India, and Iron Ore (Iron Ore Business Operation), which includes the iron ore operations in Brazil. The Companys mills are 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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