The price of Companhia Siderurgica Nacional (NYSE:SID) shares last traded on Wall Street rose 3.70% to $2.80.
Based on available information, 12 analysts follow Companhia Siderurgica Nacional (NYSE:SID). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $3.55 and a low of $2.24, we find $2.90. Given the previous closing price of $2.70, this indicates a potential upside of 7.41 percent. SID stock price is now 5.42% away from the 50-day moving average and -1.50% away from the 200-day moving average. The market capitalization of the company currently stands at $3.63B.
Among analysts, 9 rate the stock a hold while 1 rate it a buy. Brokers who have rated the stock have averaged $2.95 as their price target over the next twelve months.
With the price target maintained at $2.30, Itau BBA recently Downgraded its rating from Market Perform to Underperform for Companhia Siderurgica Nacional (NYSE: SID).
A total of 54.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SID stock. A new stake in Companhia Siderurgica Nacional shares was purchased by MACKENZIE FINANCIAL CORP during the first quarter worth $3,075,000. RENAISSANCE TECHNOLOGIES LLC invested $1,222,000 in shares of SID during the first quarter. In the first quarter, BANCO BTG PACTUAL S.A. acquired a new stake in Companhia Siderurgica Nacional valued at approximately $481,000. CUBIST SYSTEMATIC STRATEGIES, LLC acquired a new stake in SID for approximately $338,000. HRT FINANCIAL LP purchased a new stake in SID valued at around $227,000 in the second quarter. In total, there are 134 active investors with 2.30% ownership of the company’s stock.
During the past 12 months, Companhia Siderurgica Nacional has had a low of $2.12 and a high of $3.70. As of last week, the company has a debt-to-equity ratio of 2.24, a current ratio of 1.60, and a quick ratio of 1.10. The fifty day moving average price for SID is $2.6588 and a two-hundred day moving average price translates $2.8756 for the stock.
The latest earnings results from Companhia Siderurgica Nacional (NYSE: SID) was released for Mar, 2023. The net profit margin was -1.30% and return on equity was -2.90% for SID. The company reported revenue of $2.18 billion for the quarter, compared to $2.25 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.28 percent. For the current quarter, analysts expect SID to generate $2.12B in revenue.
Investors who held shares on 05/11/2023 were paid a $0.117495 dividend. On an annualized basis, this represents a $0.76 dividend and a 26.96% percent yield. There was an ex-dividend date of 05/10/2023 for this dividend. In terms of dividend payout ratio, SID is presently at 100.65%.
Companhia Siderurgica Nacional(SID) Company Profile
Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil and Latin America. It operates through five segments: Steel, Mining, Logistics, Energy, and Cement. The company offers flat steel products, such as high, medium, low carbon, micro-alloyed, ultra-low-carbon, and interstitial free slabs; hot-rolled products, including heavy and light-gauge hot-rolled coils and sheets; cold-rolled products comprising cold-rolled coils and sheets; galvanized products; tin mill products consisting of flat-rolled low-carbon steel coils or sheets; and profiles, channels, UPE sections, and steel sleepers for the distribution, packaging, automotive, home appliance, and construction industries. It primarily explores for iron ore reserves at Casa de Pedra and Engenho mines located in the city of Congonhas; and limestone and dolomite at the Bocaina mine located in the city of Arcos in the state of Minas Gerais, Brazil, as well as produces tin. In addition, the company operates railway and port facilities; produces and sells cement to construction material stores, home centers, concrete producers, construction companies, mortar industries, and cement artifact producers; and generates electric power from its thermoelectric co-generation and hydroelectric power plants. Companhia Siderúrgica Nacional was incorporated in 1941 and is headquartered in São Paulo, Brazil. Companhia Siderúrgica Nacional is a subsidiary of Vicunha Aços S.A.
