Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Gerdau SA ( (GGB) ) has provided an announcement.
On January 20, 2025, Gerdau S.A. concluded its 2024 share buyback program, acquiring over 69 million shares in total and canceling a portion to adjust its capital structure. The company’s Board of Directors also approved a new 2025 buyback program, aiming to acquire up to 63 million preferred shares and 1.5 million common shares over the next 12 months, as part of its strategy to maximize shareholder value and manage capital efficiently.
More about Gerdau SA
Gerdau S.A. operates in the steel industry, specializing in the production and commercialization of steel products. The company primarily focuses on long steel products, operating in the Americas with a significant presence in both Brazil and the international market.
YTD Price Performance: -1.74%
Average Trading Volume: 10,544,785
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $5.83B
See more insights into GGB stock on TipRanks’ Stock Analysis page.
