Gerdau (ADR) (GGB)
Makes long, flat, and special steels through electric mini-mills and integrated production.
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Produces and sells long, flat, and special steels across Brazil, North America, and South America through scrap-fed electric mini-mills and an iron-ore-based integrated route. A family-controlled parent holds voting control, while the NYSE depositary shares represent preferred shares.
Produces long, flat, and special steels, along with iron ore, through the Brazil, North America, and South America segments. Operations are concentrated across the Americas, with steelmaking in Brazil, the United States, Canada, Argentina, Peru, and Uruguay.
The production system combines scrap-fed electric mini-mills with the iron-ore-based integrated route at Ouro Branco. This mixed architecture supports recycled-metal processing alongside mining, primary steelmaking, rolling, and distribution.
Ferrous-scrap supply and electricity shape the electric route, while iron ore and carbon inputs underpin integrated production. Demand, imports, and steel pricing vary across regional markets. Voting control remains with the family-controlled parent, while NYSE depositary shares represent preferred shares.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 27, 2026 | UBS | Reiterate | Rating: —Target: $5.25 | Target: $6.10 |
| Aug 23, 2026 | Goldman Sachs | Downgrade | Rating: — | |
| Aug 20, 2026 | HSBC | Downgrade | Rating: — | |
| Aug 10, 2026 | Itau BBA | Downgrade | ||
| Apr 29, 2026 | UBS | Reiterate | Rating: —Target: $4.60 | Target: $5.25 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.06B · Total debt $2.97B · Total assets $16.03B · Shareholders' equity $10.47B
- Revenue
- $3.49B
- Operating income
- $448.7M
- Net income
- $284.2M
Reported in BRL, converted at the latest exchange rate
HistoryDividendAnnual yield
| Institutions | ≈ 18.27% | 361.20M ADS | |
|---|---|---|---|
| 217 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Other | ≈ 81.73% | 1.62B ADS | |
| remainder | |||
1.98B ADS as of Sep 2, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
The share count has not been confirmed by a second filing; stakes use it as it stands.
Some positions are filed in underlying shares, not receipts; the ratio is unknown, so no percentage.
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Acadian Asset Management LLCInstitution | 2.46% | 48.67M ADS | as of Jun 30, 2026 |
Capital World InvestorsInstitution | 1.36% | 26.90M ADS | as of Jun 30, 2026 |
UBS Asset Management Americas IncInstitution | 1.30% | 25.75M ADS | as of Jun 30, 2026 |
Contrarian Capital Management, L.L.C.Institution | 0.96% | 19.07M ADS | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 0.92% | 18.23M ADS | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 17, 2026 | Rafael Gamboa Lopes | other: Executive Vice President | −51,800 | $5.09 |
| Jun 8, 2026 | Marcos Zilles Mattiello | other: Senior Management | −10,387 | $5.11 |
| Aug 10, 2026 | Andre Bier Gerdau Johannpeter | other: Chairman of Board of Directors | −99,200 | $4.94 |
| Aug 6, 2026 | Rafael Dorneles Japur | other: VP, CFO and IR Officer | −10,000 | $5.10 |
| Jun 12, 2026 | Gustavo Werneck da Cunha | officer: CEO and Board Member | +165,224 | $4.73 |
- Nucor
Broad North American rival in long and specialty steel
- ArcelorMittal (ADR)
Broad Brazilian rival across long steel, flat steel, and iron ore
- Commercial Metals
Construction-steel rival in rebar, merchant bar, and fabrication
- Steel Dynamics
EAF rival in structural, merchant-bar, rebar, and SBQ markets
- CSN (ADR)
Integrated Brazilian rival in long steel, flat steel, and iron ore
- Grupo Simec (ADR)
Brazil-linked long-steel rival in commercial products and SBQ
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Gerdau (ADR) | $4.99 | −0.30% | $9.88B | 22.8 | 10.0 | 0.7 | +10.1% |
| Nucor | $243.62 | +0.50% | $55.20B | 19.3 | 11.5 | 1.5 | +23.0% |
| ArcelorMittal (ADR) | $73.21 | +0.92% | $55.21B | 30.7 | — | 0.9 | +5.2% |
| Commercial Metals | $64.95 | +1.52% | $7.08B | 12.0 | 9.2 | 0.8 | +22.9% |
| Steel Dynamics | $232.16 | +0.94% | $32.96B | 20.9 | 10.8 | 1.6 | +33.4% |
| CSN (ADR) | $1.21 | +2.99% | $1.55B | — | — | 0.2 | +14.1% |
| Grupo Simec (ADR) | $24.80 | −4.62% | $4.33B | 20.4 | 11.3 | 1.4 | −94.2% |
| Median | 20.4 | 11.1 | 1.1 | +18.5% |