Companhia Siderúrgica Nacional (NYSE:SID – Get Free Report) declared a — dividend on Monday, November 20th, Wall Street Journal reports. Stockholders of record on Friday, November 24th will be paid a dividend of 0.1526 per share by the basic materials company on Wednesday, November 22nd. This represents a dividend yield of 20.2%. The ex-dividend date of this dividend is Wednesday, November 22nd. This is a boost from Companhia Siderúrgica Nacional’s previous — dividend of $0.12.
Companhia Siderúrgica Nacional Stock Up 10.8 %
Shares of NYSE:SID traded up $0.33 during trading on Monday, hitting $3.33. 5,720,504 shares of the company were exchanged, compared to its average volume of 2,859,441. The stock has a market cap of $4.61 billion, a price-to-earnings ratio of -109.33, a P/E/G ratio of 2.06 and a beta of 1.84. The company has a current ratio of 1.53, a quick ratio of 1.01 and a debt-to-equity ratio of 1.75. Companhia Siderúrgica Nacional has a fifty-two week low of $2.11 and a fifty-two week high of $3.70. The firm has a fifty day moving average price of $2.40 and a two-hundred day moving average price of $2.55.
Analysts Set New Price Targets
Several analysts have issued reports on SID shares. Bank of America upgraded Companhia Siderúrgica Nacional from an “underperform” rating to a “buy” rating and set a $4.10 price objective on the stock in a research note on Monday. StockNews.com raised Companhia Siderúrgica Nacional from a “hold” rating to a “buy” rating in a report on Thursday. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $3.20.
Institutional Investors Weigh In On Companhia Siderúrgica Nacional
Hedge funds have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in shares of Companhia Siderúrgica Nacional by 34.4% during the second quarter. BlackRock Inc. now owns 3,468,677 shares of the basic materials company’s stock worth $8,984,000 after purchasing an additional 887,993 shares during the period. State Street Corp increased its position in Companhia Siderúrgica Nacional by 2.5% during the 2nd quarter. State Street Corp now owns 1,529,158 shares of the basic materials company’s stock worth $4,149,000 after buying an additional 37,248 shares during the period. Two Sigma Investments LP lifted its holdings in shares of Companhia Siderúrgica Nacional by 652.2% during the first quarter. Two Sigma Investments LP now owns 1,348,715 shares of the basic materials company’s stock worth $4,141,000 after buying an additional 1,169,415 shares in the last quarter. Jane Street Group LLC boosted its position in shares of Companhia Siderúrgica Nacional by 865.4% in the fourth quarter. Jane Street Group LLC now owns 1,178,445 shares of the basic materials company’s stock valued at $3,253,000 after acquiring an additional 1,056,380 shares during the period. Finally, American Century Companies Inc. grew its stake in shares of Companhia Siderúrgica Nacional by 67.9% in the first quarter. American Century Companies Inc. now owns 1,123,240 shares of the basic materials company’s stock valued at $3,460,000 after acquiring an additional 454,203 shares in the last quarter. 2.38% of the stock is currently owned by institutional investors and hedge funds.
Companhia Siderúrgica Nacional 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.
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