Metalurgica Gerdau stock gained 4.35 percent on B3

Published on 10/04/2026 at 21:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Metalurgica Gerdau stock carries a BRL 12.43 average target from four analysts dated September 22, 2026. First-half revenue was BRL 34.59 billion, down 0.90 percent year over year.

Metalurgica Gerdau Ord., BRGOAUACNPR8, Illustration mit AI erstellt.

Metalurgica Gerdau stock (ISIN BRGOAUACNPR8) gained 4.35 percent to BRL 11.75 on B3 on October 2, 2026, leaving the shares 0.25 percent below the 52-week high of BRL 11.78. The move came as investors weighed improving profitability against softer first-half revenue.

Revenue falls as profit improves

According to TraderNews on September 22, 2026, Metalurgica Gerdau generated BRL 34.59 billion in net revenue during the first half of 2026, a decline of 0.90 percent from the first half of 2025. The same analysis reported first-half net income up 52.98 percent, showing that margin improvement mattered more than top-line growth in the period.

The contrast is important for the stock. A 0.90 percent revenue decline alongside a 52.98 percent increase in net income points to stronger profitability rather than broad volume expansion, leaving the next results release as the main test of whether the improvement can continue.

Four analysts see limited upside

TraderNews reported on September 22, 2026, that a four-analyst consensus carried a Buy rating for the stock. The average target was BRL 12.43, with published targets ranging from BRL 10.30 to BRL 14.50.

Against the BRL 11.75 B3 price on October 2, 2026, the average target lies 5.79 percent above the stock. That spread is narrower than the 8.46 percent distance cited against the September 22 reference price of BRL 11.46, so the share price has already absorbed part of the consensus upside.

October results date approaches

MarketScreener lists the third-quarter 2026 earnings release for October 27, 2026, with an earnings presentation on the same date. The calendar makes the upcoming report the next concrete checkpoint for revenue, profitability and the steel cycle.

The company operates in steel, where the first-half figures show a clear split between weaker revenue and stronger earnings. For investors, the key question is whether the improved profit conversion can offset demand and pricing pressure in the next reporting period.

Stock stays near yearly high

Metalurgica Gerdau stock was last at BRL 11.75 on B3 on October 2, 2026. Its 52-week range was BRL 7.38 to BRL 11.78 as of October 4, 2026, while market capitalization stood at BRL 11.7 billion on the same date.