Gerdau stock gains 2.67 percent as steel results strengthen

Published on 10/04/2026 at 21:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Gerdau stock gained 2.67 percent to BRL 25.75 on October 2, 2026, while BTG Pactual set a BRL 28.00 target. Q2 adjusted EBITDA reached BRL 3.4 billion.

Gerdau, BRGGBRACNPR8, Illustration mit AI erstellt.

Gerdau stock (ISIN BRGGBRACNPR8) gained 2.67 percent to BRL 25.75 on B3 on October 2, 2026, with the session's BRL 0.67 increase taking the preferred share to a fresh near-term reference point. The latest operating picture adds substance to the move: ScanX News reported on September 18, 2026, that adjusted EBITDA reached BRL 3.4 billion in the second quarter of 2026.

North America drives the quarter

Gerdau's adjusted EBITDA was its strongest since the third quarter of 2023, according to ScanX News. North American shipments rose 7 percent year over year, while regional adjusted EBITDA increased 15 percent from the first quarter, showing why the region remains central to the earnings case.

Adjusted net income reached BRL 1.5 billion in Q2 2026, up 45 percent from the preceding quarter, while free cash flow was BRL 237 million, ScanX News reported. The debt-to-EBITDA ratio stood at 0.69 times, giving the result a balance-sheet element alongside the operational improvement.

Targets point above B3 price

BTG Pactual listed Gerdau as a top pick on October 2, 2026, with a Buy recommendation and a BRL 28.00 price target. That target is BRL 2.25 above the B3 price of BRL 25.75, a 8.74 percent difference based on the two published values.

The international ADR picture is more cautious. MarketBeat reported on September 23, 2026, that nine analysts rated the NYSE ADR, with six Holds, two Buys and one Strong Buy. The consensus was Hold, with an average 12-month target of USD 5.575.

October results date is set

Gerdau's next scheduled results release is October 27, 2026, according to the company events calendar carried by Marketscreener. For investors, the key question is whether North American volume and margins can continue to offset pressure in Brazil when the third-quarter figures arrive.

Gerdau stock holds a higher base

Gerdau stock stood at BRL 25.75 on B3 on October 2, 2026, after the 2.67 percent session gain. The market capitalization was BRL 44.6 billion as of October 4, 2026.