GGB $6 Stock, Zacks’ Analysts Say A Big Winner! ?Steel stock blowing up From Russian Sanctions?

Today we are reviewing Gerdau S.A., ticker symbol GGB. This steel stock is benefiting from Russian sanctions. Over the past 90 days, the Zacks Consensus Estimate for GGB’s full-year earnings has moved 14.6% higher. Analysts’ sentiments have increased, and the company’s earnings outlook is growing stronger.

GGB has returned 23% since the start of 2022, while Basic Materials stocks have gained an average of 12.6%. Gerdau is clearly performing better than its sector.

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