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Gerdau Stock Getting Very Oversold
Friday, November 3, 11:46 AM ET, by Market News Video Staff

In trading on Friday, shares of Gerdau S.A. (GGB) entered into oversold territory, changing hands ...

Analyst Favorites: Gerdau Ranks As a Top Metals Pick
Tuesday, November 14, 11:46 AM ET, by Market News Video Staff

A study of analyst recommendations at the major brokerages shows that Gerdau S.A. (GGB) is ...

January 2018 Options Now Available For Gerdau (GGB)
Monday, November 20, 11:48 AM ET, by Market News Video Staff

Investors in Gerdau S.A. (GGB) saw new options begin trading today, for the January 2018 ...

Analyst Favorites: Gerdau Ranks As a Top Metals Pick
Monday, January 29, 12:15 PM ET, by Market News Video Staff

A study of analyst recommendations at the major brokerages shows that Gerdau S.A. (GGB) is ...

First Week of September 21st Options Trading For Gerdau (GGB)
Friday, February 2, 10:47 AM ET, by Market News Video Staff

Investors in Gerdau S.A. (GGB) saw new options begin trading this week, for the September ...

Analyst Favorites: Gerdau Ranks As a Top Metals Pick

By Metals Channel Staff, Monday, April 16, 12:03 PM ET
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A study of analyst recommendations at the major brokerages shows that Gerdau S.A. (NYSE:GGB) is the #3 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel. The Metals Channel Global Mining Titans Index is comprised of the top fifty global leaders from the metals and mining sector. The companies listed in the Metals Channel Global Mining Titans Index are not fixed, but instead variable updating on a continuous basis to reflect the changing market environment with respect to commodity prices, government policy and market volatility.

In forming this rank, the analyst opinions from the major brokerage houses were tallied, and averaged; then, the underlying components of the Metals Channel Global Mining Titans Index were ranked according to those averages. Investors often interpret analyst opinions from different angles a popular analyst pick could mean that many sharp minds individually came to the same bullish conclusion, and therefore the stock should do well, but it could also mean that if the company stumbles, that would come as a negative surprise.

From the other direction, when companies have a low rank among analysts, it isn't necessarily the case that investors should conclude that the stock will perform poorly. It can, of course, but a bullish investor could also take the contrarian angle and read into the data that there is lots of room for upside because the stock is so out of favor.

According to the ETF Finder at ETF Channel, GGB makes up 4.44% of the Steel ETF (SLX) which is trading relatively unchanged on the day Monday.

See what other ETFs contain GGB
See what other stocks are held by SLX

GGB operates in the Non-Precious Metals & Non-Metallic Mining sector, among companies like Ternium S A (TX) which is off about 0.1% today, and Vale SA (VALE) trading lower by about 1.4%. Below is a three month price history chart comparing the stock performance of GGB, versus TX and VALE.

GGB,TX,VALE Relative Performance Chart

GGB is currently trading off about 0.5% midday Monday.


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