Gerdau Stock (NYSE:GGB), Trade Ideas

Gerdau

Gerdau SA produces steel and steel products. The company operates in civil construction, agriculture, automotive, iron ore, exports, research and development, and home steel products sectors. It offers products such as nails, rebar, columns, billets, slabs, tribar tutor, mechanical construction bars, reinforced steel locks. The company's geographical segment includes Brazil Operations; North America Operations; South America Operations as well as Special Steel Operations. It derives majority of the revenue from the North America Operations segment.

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<p>JP Morgan  analyst Rodolfo Angele   upgrades Gerdau (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GGB#NYSE">GGB</a>) from Neutral to Overweight and raises the price target from $5 to $6.</p>


Upgrades

Price Target

Analyst Ratings

JP Morgan Upgrades Gerdau to Overweight, Raises Price Target to $6

<h3>The Meaning Behind Value Stocks</h3>
<p>A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. </p>
<h2>Below is a list of notable value stocks in the basic materials sector:</h2>
<ol>
<li><strong>Commercial Metals</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMC#NYSE">CMC</a>) - P/E: 8.26</li>
<li><strong>Compañía de Minas</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BVN#NYSE">BVN</a>) - P/E: 6.82</li>
<li><strong>LSB Industries</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LXU#NYSE">LXU</a>) - P/E: 5.84</li>
<li><strong>CVR Partners</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UAN#NYSE">UAN</a>) - P/E: 4.18</li>
<li><strong>Gerdau</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GGB#NYSE">GGB</a>) - P/E: 4.81</li>
</ol>
<p>Commercial Metals has reported Q1 earnings per share at $1.63, which has decreased by 3.55% compared to Q4, which was 1.69. The company's most recent dividend yield sits at 1.31%, which has decreased by 0.02% from 1.33% last quarter. </p>
<p>Compañía de Minas has reported Q4 earnings per share at $-0.04, which has increased by 63.64% compared to Q3, which was -0.11. Most recently, the company reported a dividend yield of 1.41%, which has increased by 0.69% from last quarter's yield of 0.72%.</p>
<p>LSB Industries's earnings per share for Q3 sits at $-0.1, whereas in Q2, they were at 0.25. Most recently, CVR Partners reported earnings per share at $0.94, whereas in Q3 earnings per share sat at $0.07. Its most recent dividend yield is at 9.28%, which has increased by 1.36% from 7.92% in the previous quarter.</p>
<p>Most recently, Gerdau reported earnings per share at $0.38, whereas in Q1 earnings per share sat at $0.35. Its most recent dividend yield is at 8.19%, which has increased by 1.75% from 6.44% in the previous quarter.</p>
<p><strong>The Significance:</strong> A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.</p>


5 Value Stocks In The Basic Materials Sector

<h3>What are Value Stocks?</h3>
<p>A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. </p>
<h2>Below is a list of notable value stocks in the basic materials sector:</h2>
<ol>
<li><strong>Clearwater Paper</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLW#NYSE">CLW</a>) - P/E: 6.83</li>
<li><strong>Agnico Eagle Mines</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEM#NYSE">AEM</a>) - P/E: 9.61</li>
<li><strong>Nucor</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>) - P/E: 8.84</li>
<li><strong>CF Industries Holdings</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CF#NYSE">CF</a>) - P/E: 7.15</li>
<li><strong>Gerdau</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GGB#NYSE">GGB</a>) - P/E: 4.95</li>
</ol>
<p>Clearwater Paper saw an increase in earnings per share from 1.74 in Q2 to $2.19 now. Agnico Eagle Mines has reported Q3 earnings per share at $0.44, which has decreased by 32.31% compared to Q2, which was 0.65. Most recently, the company reported a dividend yield of 3.24%, which has increased by 0.18% from last quarter's yield of 3.06%.</p>
<p>Most recently, Nucor reported earnings per share at $4.57, whereas in Q2 earnings per share sat at $5.81. Its most recent dividend yield is at 1.3%, which has increased by 0.03% from 1.27% in the previous quarter.</p>
<p>This quarter, CF Industries Holdings experienced a decrease in earnings per share, which was $2.7 in Q2 and is now $0.85. The company's most recent dividend yield sits at 1.9%, which has decreased by 0.38% from 2.28% last quarter. </p>
<p>This quarter, Gerdau experienced an increase in earnings per share, which was $0.35 in Q1 and is now $0.38. Its most recent dividend yield is at 8.19%, which has increased by 1.75% from 6.44% in the previous quarter.</p>
<p><strong>The Significance:</strong> A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.</p>


Overview Of Value Stocks In The Basic Materials Sector

<h3>What is a Value Stock?</h3>
<p>A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. </p>
<h2>The following stocks are considered to be notable value stocks in the basic materials sector:</h2>
<ol>
<li><strong>Loma Negra Cia Industria</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOMA#NYSE">LOMA</a>) - P/E: 8.55</li>
<li><strong>Cementos Pacasmayo</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPAC#NYSE">CPAC</a>) - P/E: 9.31</li>
<li><strong>Vale</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VALE#NYSE">VALE</a>) - P/E: 7.06</li>
<li><strong>Steel Dynamics</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>) - P/E: 7.29</li>
<li><strong>Gerdau</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GGB#NYSE">GGB</a>) - P/E: 5.05</li>
</ol>
<p>Loma Negra Cia Industria's earnings per share for Q3 sits at $0.26, whereas in Q2, they were at 0.09. Cementos Pacasmayo has reported Q3 earnings per share at $0.14, which has decreased by 9.33% compared to Q2, which was 0.15. The company's most recent dividend yield sits at 10.45%, which has decreased by 2.68% from 13.13% last quarter. </p>
<p>Vale saw an increase in earnings per share from 0.2 in Q2 to $0.66 now. Steel Dynamics saw a decrease in earnings per share from 4.81 in Q2 to $3.47 now. The company's most recent dividend yield sits at 1.52%, which has decreased by 0.09% from 1.61% last quarter. </p>
<p>Gerdau has reported Q2 earnings per share at $0.38, which has increased by 8.57% compared to Q1, which was 0.35. Its most recent dividend yield is at 8.19%, which has increased by 1.75% from 6.44% in the previous quarter.</p>
<p><strong>The Significance:</strong> A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.</p>


CPAC

LOMA

STLD

<p>B of A Securities downgraded its rating of Gerdau (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GGB#NYSE">GGB</a>) to Neutral with a price target of $5.10, changing its price target from $5.60 to $5.10.</p>
<p>Shares of Gerdau are trading down 2.31% over the last 24 hours, at $4.81 per share.</p>
<p>A move to $5.10 would account for a 6.03% increase from the current share price.</p>
<h3>About Gerdau</h3>
<p>Gerdau SA produces steel and steel products. The company operates in civil construction, agriculture, automotive, iron ore, exports, research and development, and home steel products sectors. It offers products such as nails, rebar, columns, billets, slabs, tribar tutor, mechanical construction bars, reinforced steel locks. The company's geographical segment includes Brazil Operations; North America Operations; South America Operations as well as Special Steel Operations. It derives most of the revenue from the Brazil Operations segment.</p>
<h3>About Analyst Ratings</h3>
<p>Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.</p>
<p>Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.</p>
<p>If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


B of A Securities Downgrades Gerdau: Here's What You Need To Know

<p>B of A Securities  analyst Caio Ribeiro   downgrades Gerdau (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GGB#NYSE">GGB</a>) from Buy to Neutral and lowers the price target from $5.6 to $5.1.</p>


Downgrades

B of A Securities Downgrades Gerdau to Neutral, Lowers Price Target to $5.1

<h3>What are Value Stocks?</h3>
<p>A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. </p>
<h2>Benzinga Insights has compiled a list of value stocks in the basic materials sector that may be worth watching:</h2>
<ol>
<li><strong>Mosaic</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOS#NYSE">MOS</a>) - P/E: 9.31</li>
<li><strong>Loma Negra Cia Industria</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOMA#NYSE">LOMA</a>) - P/E: 7.3</li>
<li><strong>Gerdau</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GGB#NYSE">GGB</a>) - P/E: 5.49</li>
<li><strong>ICL Group</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICL#NYSE">ICL</a>) - P/E: 7.2</li>
<li><strong>Origin Mat</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORGN#NASDAQ">ORGN</a>) - P/E: 2.91</li>
</ol>
<p>Mosaic's earnings per share for Q3 sits at $0.68, whereas in Q2, they were at 1.04. The company's most recent dividend yield sits at 2.15%, which has increased by 0.06% from 2.09% last quarter. </p>
<p>Loma Negra Cia Industria saw an increase in earnings per share from 0.09 in Q2 to $0.26 now. This quarter, Gerdau experienced an increase in earnings per share, which was $0.35 in Q1 and is now $0.38. Its most recent dividend yield is at 8.19%, which has increased by 1.75% from 6.44% in the previous quarter.</p>
<p>ICL Group has reported Q3 earnings per share at $0.11, which has decreased by 15.38% compared to Q2, which was 0.13. The company's most recent dividend yield sits at 4.42%, which has increased by 0.43% from 3.99% last quarter. </p>
<p>Origin Mat has reported Q3 earnings per share at $0.22, which has increased by 540.0% compared to Q2, which was -0.05. </p>
<p>These 5 value stocks were selected by <strong>Benzinga Insights</strong> based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.</p>


ORGN

<p>Friday marks the last chance for investors to receive the next  dividend payout from <strong>Gerdau</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GGB#NYSE">GGB</a>). </p>
<h3>What's Happening</h3>
<p>The company announced on Tuesday that it would pay shareholders a quarterly dividend of 9.62 cents per share. On Monday, Gerdau will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 9.62 cents lower than it would have opened on any other day.</p>
<p>In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Monday. Shareholders who own GGB as of the end of Friday's session are eligible to receive the 9.62 cents dividend payout for every share that they own. </p>
<p>According to the company, this dividend will be paid out to shareholders on December 20, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. </p>
<p><a href="https://www.benzinga.com/stock//dividends">Click here</a> to find details on Gerdau's previous dividends.</p>
<p>To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.  </p>


Dividends

Friday Is Your Last Chance To Buy Gerdau Before The Dividend Payout

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Earnings Scheduled For November 6, 2023

<p><strong>Gerdau</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GGB#NYSE">GGB</a>) is set to give its latest quarterly earnings report on Monday, 2023-11-06. Here's what investors need to know before the announcement.</p>
<p>Analysts estimate that Gerdau will report an <strong>earnings per share</strong> (EPS) of $0.22. </p>
<p>Gerdau bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.</p>
<p>New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).</p>
<h3>Historical Earnings Performance</h3>
<p>Last quarter the company beat EPS by $0.03, which was followed by a 4.08% drop in the share price the next day.</p>
<p>Here's a look at Gerdau's past performance and the resulting price change:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q1 2023</strong></th>
<th><strong>Q4 2022</strong></th>
<th><strong>Q3 2022</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>0.32</td>
<td>0.27</td>
<td>0.35</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>0.35</td>
<td>0.10</td>
<td>0.32</td>
</tr>
<tr>
<td><strong>Price Change %</strong></td>
<td>-4.08%</td>
<td>-2.61%</td>
<td>-3.09%</td>
</tr>
</tbody>
</table>
</p>
<p><img src="https://www.benzinga.com/files/images/story/2023/1699027273_0.png" alt="eps graph" /></p>
<h3>Stock Performance</h3>
<p>Shares of Gerdau were trading at $4.59 as of November 02. Over the last 52-week period, shares are down 5.66%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. </p>
<p><a href="https://www.benzinga.com/quote/GGB/earnings"><strong>To track all earnings releases for Gerdau visit their earnings calendar on our site.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Gerdau Earnings Preview

<p>Vertically integrated metals and mining player <strong>United States Steel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>)</strong>, best known as US Steel, is set to report its Q3 earnings after the <a href="https://www.benzinga.com/calendars/earnings">market close on Oct. 26</a>.</p>
<p>US Steel is currently considering its strategic options, eyeing potential synergy benefits. The company has received a $7.1 billion <a href="https://www.benzinga.com/markets/equities/23/09/34788208/cleveland-cliffs-and-u-s-steel-lock-horns-amid-tensions-in-sale-proceedings-report">cash-and-stock acquisition offer</a> from <strong>Cleveland-Cliffs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>)</strong>.</p>
<p><em>Also Read: </em><a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/08/33819689/us-steel-brushes-off-cleveland-cliffs-35-per-share-offer-analyst-says-deal-less-lik"><em>U.S. Steel Brushes Off Cleveland-Cliffs&#8217; $35 Per Share Offer: Analyst Says Deal Less Likely To Close Without &#8216;Meaningful Concessions&#8217;</em></a></p>
<h2 class="wp-block-heading"><strong>US Steel Q3 Earnings: What Analysts Would Watch Closely</strong></h2>
<p>The company is the second largest U.S.-based steel producer, after <strong>Nucor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>)</strong>, and is undergoing a rapid transformation, having invested into mini mills, EAFs (electric arc furnaces) and downstream capabilities. The EAFs produce less carbon dioxide and are thus expected to benefit from the <a href="https://www.benzinga.com/topic/inflation-reduction-act">Inflation Reduction Act</a> (IRA).</p>
<p>The IRA is the catalyst that could potentially boost EBITDA growth and free cash flow for the company. The Street knows that major capital investments such as these take time to translate into value, so analysts will be eager to get any hints of progress at these early stages.</p>
<p>X stock is trading at attractive valuations currently among competitors such as NUE, CLF, <strong>Reliance Steel &amp; Aluminum</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RS#NYSE">RS</a>), <strong>Ternium</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TX#NYSE">TX</a>), <strong>Carpenter Tech</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRS#NYSE">CRS</a>), Vale (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VALE#NYSE">VALE</a>) and <strong>Ramaco Resources</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/METCB#NASDAQ">METCB</a>).</p>
<p><strong>Earnings Estimates:</strong> Wall Street analysts expect X to report $1.15 in EPS for the quarter and $4.39 billion in revenue, per <a href="https://www.benzinga.com/calendars/earnings?tickers=X">earnings data</a> available on Benzinga Pro. Given US Steel's <a href="https://seekingalpha.com/symbol/X/earnings/eps-surprise-summary">history of beating</a> estimates, the Street expects X to record a beat on EPS and revenue this time as well.</p>
<p>Over the last eight quarters, X stock has delivered six positive EPS surprises and six positive revenue surprises.</p>
<p>Analysts project that US Steel will report $4.12 in EPS for the fiscal year ending December 2023. Revenue estimates for that period are currently expected to come in at $17.9 billion.</p>
<p><strong>Analyst Ratings &amp; Price Targets: </strong>Wall Street analyst ratings (based on a pool of 120 analyst firms over the last 3 years) currently rate the stock Neutral. <a href="https://www.benzinga.com/quote/X/analyst-ratings">Consensus price target</a> stands at $27.02 a share.</p>
<p><strong>Price Action: </strong>US Steel shares have been range bound between $31.50 and $33.50 over the past month, and closed at $32.40 on Wednesday. The 52-week range is a low of $18.92 and a high of $33.65.</p>
<p><em>Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/10/35033728/us-steel-transformation-will-lead-to-major-value-creation-says-bullish-analyst">US Steel Transformation Will Lead To Major Value Creation, Says Bullish Analyst</a></em></p>
<p><em>Photo: Unsplash</em></p>


<p>Friday marks the last chance for investors to receive the next  dividend payout from <strong>Gerdau</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GGB#NYSE">GGB</a>). </p>
<h3>What's Happening</h3>
<p>The company announced on Wednesday that it would pay shareholders a quarterly dividend of 8.78 cents per share. On Monday, Gerdau will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 8.78 cents lower than it would have opened on any other day.</p>
<p>In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Monday. Shareholders who own GGB as of the end of Friday's session are eligible to receive the 8.78 cents dividend payout for every share that they own. </p>
<p>According to the company, this dividend will be paid out to shareholders on September 06, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. </p>
<p>To read more news on Gerdau <a href="https://www.benzinga.com/stock//">click here</a></p>
<p><a href="https://www.benzinga.com/calendars/dividends">Click here</a> to visit our Dividends Calendar.  </p>


Gerdau's Ex-Dividend Date Is Monday, Here's What You Need To Know

<h3>The Meaning Behind Value Stocks</h3>
<p>A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. </p>
<h2>Benzinga Insights has compiled a list of value stocks in the basic materials sector that may be worth watching:</h2>
<ol>
<li><strong>Nutrien</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NTR#NYSE">NTR</a>) - P/E: 8.94</li>
<li><strong>Perimeter Solutions</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRM#NYSE">PRM</a>) - P/E: 9.69</li>
<li><strong>Suzano</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SUZ#NYSE">SUZ</a>) - P/E: 2.74</li>
<li><strong>Nucor</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>) - P/E: 7.9</li>
<li><strong>Gerdau</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GGB#NYSE">GGB</a>) - P/E: 4.31</li>
</ol>
<p>This quarter, Nutrien experienced an increase in earnings per share, which was $1.11 in Q1 and is now $2.53. Its most recent dividend yield is at 3.16%, which has decreased by 0.16% from 3.32% in the previous quarter.</p>
<p>Perimeter Solutions's earnings per share for Q2 sits at $0.31, whereas in Q1, they were at 0.06. Suzano's earnings per share for Q1 sits at $0.76, whereas in Q4, they were at 1.08. Nucor saw an increase in earnings per share from 4.45 in Q1 to $5.81 now. The company's most recent dividend yield sits at 1.38%, which has increased by 0.17% from 1.21% last quarter. </p>
<p>Most recently, Gerdau reported earnings per share at $0.35, whereas in Q4 earnings per share sat at $0.1. Its most recent dividend yield is at 2.7%, which has decreased by 22.56% from 25.26% in the previous quarter.</p>
<p>These 5 value stocks were selected by <strong>Benzinga Insights</strong> based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.</p>


WIIM

Shares of metals companies are trading higher after Chinese leaders indicated support for stimulus measures. Economic stimulus measures in China could lift demand for metals and materials.

<p>On July 14, 2023, <b>Reliance Steel &amp; Aluminum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RS#NYSE">RS</a>)</b> will distribute a dividend payout of $1.00 per share, equating to an annualized dividend yield of 1.60%. Shareholders who owned the stock before the ex-dividend date on May 25, 2023 will receive this payout.</p>
<h3>Reliance Steel &amp; Aluminum Recent Dividend Payouts</h3>
<style>
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            font-size: 12px;
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    </style><table>
<thead>
<tr>
<th><strong>Ex-Date</strong></th>
<th align="right"><strong>Payments per year</strong></th>
<th><strong>Dividend</strong></th>
<th><strong>Yield</strong></th>
<th><strong>Announced</strong></th>
<th><strong>Record</strong></th>
<th><strong>Payable</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>2023-05-25</td>
<td align="right">4</td>
<td>$1.0</td>
<td>1.6%</td>
<td>2023-04-25</td>
<td>2023-05-26</td>
<td>2023-06-09</td>
</tr>
<tr>
<td>2023-03-09</td>
<td align="right">4</td>
<td>$1.0</td>
<td>1.73%</td>
<td>2023-02-14</td>
<td>2023-03-10</td>
<td>2023-03-24</td>
</tr>
<tr>
<td>2022-11-17</td>
<td align="right">4</td>
<td>$0.88</td>
<td>1.86%</td>
<td>2022-10-25</td>
<td>2022-11-18</td>
<td>2022-12-02</td>
</tr>
<tr>
<td>2022-08-18</td>
<td align="right">4</td>
<td>$0.88</td>
<td>1.89%</td>
<td>2022-07-26</td>
<td>2022-08-19</td>
<td>2022-09-02</td>
</tr>
<tr>
<td>2022-05-26</td>
<td align="right">4</td>
<td>$0.88</td>
<td>1.84%</td>
<td>2022-04-26</td>
<td>2022-05-27</td>
<td>2022-06-10</td>
</tr>
<tr>
<td>2022-03-10</td>
<td align="right">4</td>
<td>$0.88</td>
<td>2.16%</td>
<td>2022-02-15</td>
<td>2022-03-11</td>
<td>2022-03-25</td>
</tr>
<tr>
<td>2021-11-18</td>
<td align="right">4</td>
<td>$0.69</td>
<td>1.8%</td>
<td>2021-10-26</td>
<td>2021-11-19</td>
<td>2021-12-03</td>
</tr>
<tr>
<td>2021-08-12</td>
<td align="right">4</td>
<td>$0.69</td>
<td>1.9%</td>
<td>2021-07-20</td>
<td>2021-08-13</td>
<td>2021-08-27</td>
</tr>
<tr>
<td>2021-05-27</td>
<td align="right">4</td>
<td>$0.69</td>
<td>1.77%</td>
<td>2021-04-20</td>
<td>2021-05-28</td>
<td>2021-06-11</td>
</tr>
<tr>
<td>2021-03-11</td>
<td align="right">4</td>
<td>$0.69</td>
<td>2.19%</td>
<td>2021-02-18</td>
<td>2021-03-12</td>
<td>2021-03-26</td>
</tr>
<tr>
<td>2020-11-19</td>
<td align="right">4</td>
<td>$0.62</td>
<td>2.23%</td>
<td>2020-10-22</td>
<td>2020-11-20</td>
<td>2020-12-04</td>
</tr>
<tr>
<td>2020-08-13</td>
<td align="right">4</td>
<td>$0.62</td>
<td>2.66%</td>
<td>2020-07-21</td>
<td>2020-08-14</td>
<td>2020-08-28</td>
</tr>
</tbody>
</table>
<p>With a dividend yield that places it neither at the top nor the bottom, Reliance Steel &amp; Aluminum finds itself in the middle among its industry peers, while <b>Gerdau (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GGB#NYSE">GGB</a>)</b> boasts the highest annualized dividend yield at 11.48%.</p>
<h3>Analyzing Reliance Steel &amp; Aluminum Financial Health</h3>
<p>Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. </p>
<h3>YoY Growth in Dividend Per Share</h3>
<p><img src="https://www.benzinga.com/files/images/story/2023/1689347107_0.png" alt="dividend chart graph" /></p>
<p>During the period of 2019 to 2022, the company experienced a notable growth in its dividend per share. The dividend per share increased from $2.20 to $3.50, reflecting the company's focus on providing greater returns to its shareholders.</p>
<h3>YoY Earnings Growth For Reliance Steel &amp; Aluminum</h3>
<p><img src="https://www.benzinga.com/files/images/story/2023/1689347107_1.png" alt="earning chart graph" /></p>
<p>The earnings chart above shows that from 2019 to 2022, Reliance Steel &amp; Aluminum has experienced an increase in their earnings from $8.98 per share to $30.88 per share. This positive earnings trend is promising for income-seeking investors as it suggests that the company has more potential to increase its cash dividend payout if the trend continues.</p>
<h3>Recap</h3>
<p>This article provides an in-depth analysis of Reliance Steel &amp; Aluminum's recent dividend distribution and the impact it has on shareholders. The company is currently distributing a dividend of $1.00 per share, resulting in an annualized dividend yield of 1.60%.</p>
<p>With a dividend yield that places it neither at the top nor the bottom, Reliance Steel &amp; Aluminum finds itself in the middle among its industry peers, while Gerdau boasts the highest annualized dividend yield at 11.48%.</p>
<p>The increase in both dividend per share and earnings per share from 2019 to 2022 for Reliance Steel &amp; Aluminum indicates a positive financial trend, suggesting their capacity to continue distributing profits to shareholders.</p>
<p>To stay informed about changes in financials or dividend disbursements, investors should pay close attention to the company's performance in the upcoming quarters.</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Reliance Steel &amp; Aluminum Empowers Investors with Solid Returns and Fueling Shareholder Value

TMST

Shares of metals companies are trading higher. Strength may be due to upbeat US economic data, which could lift demand sentiment.

Shares of metals companies are trading higher amid a decline in the US dollar.

<h3>Understanding Value Stocks</h3>
<p>A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. </p>
<h2>Below is a list of notable value stocks in the basic materials sector:</h2>
<ol>
<li><strong>POSCO Holdings</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKX#NYSE">PKX</a>) - P/E: 8.72</li>
<li><strong>Gerdau</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GGB#NYSE">GGB</a>) - P/E: 3.34</li>
<li><strong>Ferroglobe</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSM#NASDAQ">GSM</a>) - P/E: 2.0</li>
<li><strong>Commercial Metals</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMC#NYSE">CMC</a>) - P/E: 5.58</li>
<li><strong>Westlake</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WLK#NYSE">WLK</a>) - P/E: 6.56</li>
</ol>
<p>This quarter, POSCO Holdings experienced an increase in earnings per share, which was $1.46 in Q3 and is now $1.79. This quarter, Gerdau experienced a decrease in earnings per share, which was $0.51 in Q2 and is now $0.34. The company's most recent dividend yield sits at 2.7%, which has decreased by 22.56% from 25.26% last quarter. </p>
<p>This quarter, Ferroglobe experienced a decrease in earnings per share, which was $0.64 in Q3 and is now $0.42. Most recently, the company reported a dividend yield of 2.99%, which has increased by 0.88% from last quarter's yield of 2.11%.</p>
<p>Most recently, Commercial Metals reported earnings per share at $1.44, whereas in Q1 earnings per share sat at $2.24. Most recently, the company reported a dividend yield of 1.39%, which has increased by 0.08% from last quarter's yield of 1.31%.</p>
<p>Westlake saw a decrease in earnings per share from 3.1 in Q3 to $1.79 now. Its most recent dividend yield is at 1.15%, which has decreased by 0.2% from 1.35% in the previous quarter.</p>
<p>These 5 value stocks were selected by <strong>Benzinga Insights</strong> based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.</p>


5 Value Stocks To Watch In The Basic Materials Sector

<p>Tuesday marks the last chance for investors to receive the next  dividend payout from <strong>Gerdau</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GGB#NYSE">GGB</a>). </p>
<h3>What's Happening</h3>
<p>The company announced on Thursday that it would pay shareholders a quarterly dividend of 3.84 cents per share. On Wednesday, Gerdau will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 3.84 cents lower than it would have opened on any other day.</p>
<p>In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Wednesday. Shareholders who own GGB as of the end of Tuesday's session are eligible to receive the 3.84 cents dividend payout for every share that they own. </p>
<p>According to the company, this dividend will be paid out to shareholders on March 30, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. </p>
<p>To stay up-to-date with the companies that are announcing their dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.  </p>


Gerdau's Ex-Dividend Date Is Wednesday, Here's What You Need To Know

Gerdau shares are trading lower after JP Morgan downgraded the stock from Overweight to Neutral and lowered its price target from $7 to $6.

Gerdau reports Q4 results

Gerdau S.A. 2023 Q4 - Results - Earnings Call Presentation

Gerdau S.A. (GGB) Q4 2023 Earnings Call Transcript

Warning: GGB is at high risk of cutting its dividend

Gerdau SA (GGB) produces steel and steel products. Over the past year, Gerdau's share price fell 8.35% from $4.67 to $4.28 as of Tuesday's market close.

Current Analysis: Gerdau SA

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>When it comes to finding the best value stocks to buy, sometimes you have to go against the grain. That is, dive into stocks that have fallen out of favor with the market, to assess whether investor sentiment is on the money, or an overreaction.</p>



<p>A good example is with value stocks that are trading at or near their 52-week lows. Typically, a stock is hitting new lows for a good reason. For instance, macro and/or company-specific headwinds are leading to poor fiscal performance. Potential risks that may affect future performance can be another reason shares are selling off.</p>



<p>However, if you take a close enough look at each name, you can separate the bona fide bargains from the <a href="https://www.investopedia.com/terms/f/fallingknife.asp">falling knives</a> and the <a href="https://www.investopedia.com/terms/v/valuetrap.asp">value traps</a>. These seven value stocks meet the criteria of <a href="https://investorplace.com/stock-types/undervalued-stocks/">undervalued stocks</a> to buy near their 52-week lows.</p>



<h2>Canadian Solar (CSIQ)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/01/csiq1600-300x169.png" alt="Canadian Solar (CSIQ) logo on the mobile device. Canadian is a company that manufactures photovoltaic solar modules and provides ready-to-use solar power solutions."><div>Source: rafapress / Shutterstock.com</div></div><p><strong>Canadian Solar</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/csiq-stock-quote/"><strong>CSIQ</strong></a>) can be described as being suspiciously cheap. After all, shares in this solar system builder trade at a super-low 5.94 times forward. Surely this due to the prospect of earnings falling off a cliff next year, right?</p>



<p>Sort of. Per analyst consensus, earnings are expected to rise by more than 30% next year, from <a href="https://seekingalpha.com/symbol/CSIQ/earnings">$3.02 to $3.93 per share</a>. </p>



<p>However, there is great uncertainty about future results. This is due to continued fears of a severe solar industry downturn. CSIQ stock is not the only solar name trading at a rock-bottom price.</p>



<p>However, if you&rsquo;re optimistic about the solar sector, Canadian Solar may be the best way to play it. Besides reporting <a href="https://www.pv-tech.org/canadian-solar-posts-record-shipments-and-income-in-2023/">less bad than feared results</a> last quarter, at the start of this year Canadian Solar&rsquo;s Recurrent Energy unit received a <a href="https://www.marketwatch.com/story/canadian-solar-and-sunrun-gain-on-blackrock-investments-while-enphase-and-sunnova-move-up-on-analyst-upgrade-87e47b66">$500 million</a> investment from <strong>BlackRock</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/blk-stock-quote/"><strong>BLK</strong></a>).</p>



<h2>Diana Shipping (DSX)</h2>



<div><img width="300" height="200" src="https://investorplace.com/wp-content/uploads/2022/07/dsx-1600-300x200.jpg" alt="Diana Shipping cargo ship on the water. DSX stock."><div>Source: Bjoern Wylezich / Shutterstock</div></div><p><strong>Diana Shipping</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/dsx-stock-quote/"><strong>DSX</strong></a>) owns a fleet of dry bulk cargo ships. DSX trades at 10 times forward earnings with a 10.42% dividend yield. As I pointed out previously, maritime stocks typically trade at low valuations. </p>



<p>This is due to the <a href="https://investorplace.com/2024/03/wall-streets-favorite-dividend-stocks-7-tickers-that-are-practically-money-machines/">highly cyclical nature of the business</a>. However, the worst may be priced in. Declining charter rates have already <a href="https://www.investing.com/news/stock-market-news/diana-shipping-reports-q4-earnings-beat-revenue-up-93CH-3313305">affected fiscal results</a>. </p>



<p>Diana has already <a href="https://seekingalpha.com/news/4071045-diana-shipping-inc-declares-0_075-dividend">cut its dividend by 50%</a>. The 10.42% referenced above is the post-cut forward yield.</p>



<p>As dry bulk charter demand normalizes, Diana is poised to experience a big earnings recovery in 2025. Consensus calls for earnings per share of 68 cents. Not too shabby, given that DSX trades for just under $3 per share.</p>



<h2>Gerdau (GGB)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/11/ggb-stock-1-300x169.jpg" alt="A close-up shot of the Gerdau (GGB) office sign in Sao Paolo, Brazil."><div>Source: casa.da.photo / Shutterstock.com</div></div><p>Brazil-based <strong>Gerdau</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/ggb-stock-quote/"><strong>GGB</strong></a>) is a leading global producer of steel and semifinished steel products. Soft global demand for steel has weighed on Gerdau&rsquo;s performance. </p>



<p>The company&rsquo;s annual earnings have declined heavily since 2021. That year, earnings came in at <a href="https://seekingalpha.com/symbol/GGB/income-statement">$1.20 per share</a>.</p>



<p>This year, analyst forecasts call for earnings of just <a href="https://seekingalpha.com/symbol/GGB/earnings">48 cents per share</a>. In 2025, this figure may go up only modestly, to 53 cents per share. So, as this downturn persists, what&rsquo;s the potential upshot when it comes to buying GGB stock today? </p>



<p>Trading for only 8.9 times forward earnings, investors  can get in what&rsquo;s a fair price for a basic materials stock. From there, they can get paid why they wait, via the stock&rsquo;s 4.75% dividend. </p>



<p>As demand in key markets like automotive steel (<a href="https://api.mziq.com/mzfilemanager/v2/d/21e1d193-5cab-456d-8bb8-f00a49a43c1c/012d1341-c05d-3525-4a7f-4a2cd3ba40a9?origin=1">75% of Gerdau&rsquo;s business</a>) improves, an earnings rebound could end being far stronger than currently anticipated.</p>



<h2>Gilead Sciences (GILD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/10/gild-stock-4-300x169.jpg" alt="A Gilead Sciences (GILD) sign at the company headquarters in Silicon Valley, California."><div>Source: Sundry Photography / Shutterstock.com</div></div><p>Among the top value stocks to buy, the one you&rsquo;re likely most familiar with is <strong>Gilead Sciences</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/gild-stock-quote/"><strong>GILD</strong></a>). </p>



<p>The big pharma firm is best known for its Veklury Covid-19 treatment. Veklury sales provided a shot in the arm to Gilead&rsquo;s performance during 2021.</p>



<p>Post-pandemic, however, Gilead&rsquo;s fiscal performance has flatlined. The company reported declining earnings in 2022. During 2023, earnings bounced back, but only partially compared to 2021. However, thanks to booming non-Veklury product sales, earnings could surge in 2024.</p>



<p>Gilead&rsquo;s outlook calls for 2024 non-GAAP earnings of as much as <a href="https://s29.q4cdn.com/585078350/files/doc_financials/2023/q4/GILD-Q423-Earnings-Press-Release-6-February-2024.pdf">$7.25 per share</a>. Compare that to 2023&rsquo;s non-GAAP earnings figure of $4.62 per share. </p>



<p>With GILD stock trading for only 10 times this forecast, hitting it could drive a big rerating. As <em>InvestorPlace&rsquo;s</em> Josh Enomoto pointed out earlier this month, the median valuation for big pharma stocks is <a href="https://investorplace.com/2024/03/hidden-gems-7-oversold-stocks-ready-for-a-major-rebound/">nearly 15 times forward earnings</a>.</p>



<h2>Hamilton Insurance Group (HG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/12/insurance-audit-300x169.jpg" alt='a person holds up a scrap of paper that asks "Are you covered?"'><div>Source: Shutterstock</div></div><p>It&rsquo;s par for the course for insurance companies to trade at a low price-to-earnings ratio. Hence, the forward valuation of <strong>Hamilton Insurance Group </strong>(NYSE:<a href="https://investorplace.com/stock-quotes/hg-stock-quote/"><strong>HG</strong></a>) is not surprising. Earnings for specialty insurers can be quite volatile.</p>



<p>However, the valuation of HG stock, which <a href="https://www.hamiltongroup.com/press-release/hamilton-announces-ipo-pricing/">went public last November</a>, may be overly accounting for risk and volatility. At current prices, shares trade for only 4.8 times forward earnings. This comes despite this Bermuda-based insurer continuing to report strong results.</p>



<p>As <em>InvestorPlace</em> earnings reported on March 6, Hamilton&rsquo;s earnings per share last quarter came in at  <a href="https://investorplace.com/earning-results/2024/03/hg-stock-earnings-hamilton-insurance-group-for-q4-of-2023/">$1.15</a>. This handily beat forecasts calling for earnings of 65 cents per share. That&rsquo;s not all. </p>



<p>As two sell-side analysts argued shortly after HG&rsquo;s November IPO, favorable market conditions and a portfolio of risks underwritten during a time of pricing power <a href="https://seekingalpha.com/news/4043543-hamilton-insurance-grabs-two-outperform-ratings-after-its-market-debut">bode well for future results</a>.</p>



<h2>Ingles Markets (IMKTA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/01/grocery-store-sbev-stock-300x169.png" alt="A grocery store containing various drinks."><div>Source: Abdul Razak Latif / Shutterstock.com</div></div><p><strong>Ingles Markets</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/imkta-stock-quote/"><strong>IMKTA</strong></a>) operates supermarkets in the southeastern United States. IMKTA fits well into the &ldquo;undervalued for a reason&rdquo; category. </p>



<p>As <em>Seeking Alpha</em> commentator Greathouse Research recently argued, Ingles faces<a href="https://seekingalpha.com/article/4680468-ingles-markets-squeezing-profits-in-age-of-frugal-shopper-imkta-stock"> risks like low margins and high competition</a>. Sales growth has also been weak. </p>



<p>Yet while these factors perhaps warrant a discounted valuation, this has perhaps been overdone with IMKTA stock. Shares  trade for only 7.8 times forward earnings. Slight improvements to results could drive a significant rerating. </p>



<p>Shares also trade a slight discount to tangible book value. Better yet, this book value may be understated. Ingles focuses on owning rather than leasing its locations. </p>



<p>As a result, the company owns <a href="https://www.sec.gov/Archives/edgar/data/50493/000119312505025299/d10k.htm">5.7 million square feet</a> of leasable retail space. Monetizing this portfolio could also help to unlock value. With these positives in mind, IMKTA is among the best value stocks to buy.</p>



<h2>Vale (VALE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/08/vale-1600-300x169.jpg" alt="the Vale logo displayed on a mobile phone with the company's webpage in the background"><div>Source: rafapress / Shutterstock.com</div></div><p><strong>Vale</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/vale-stock-quote/"><strong>VALE</strong></a>) is a Brazil-based basic materials company. While its main business is iron ore, Vale has also been positioning itself as a major global purveyor of what it calls &ldquo;energy transition metals.&rdquo;</p>



<p>Namely, key metals used in EV battery production, like <a href="https://vale.com/w/low-carbon-nickel-positions-vale-well-in-north-american-european-electric-vehicle-market">nickel</a> and <a href="https://www.bloomberg.com/news/articles/2023-04-17/top-miner-vale-is-looking-for-copper-in-peru-amid-ev-metals-boom">copper</a>. Weak iron ore demand and diminished excitement about the EV revolution have depressed VALE stock since early 2023. Shares trade for just 4.6 times forward earnings.</p>



<p>While Vale could continue to struggle in the near-term, long-term trends point to an eventual recovery. Iron ore demand will normalize. </p>



<p>As EV demand gets back into the fast lane, Vale&rsquo;s energy transition metals business stands to become a greater contributor to the bottom line. Upside may be substantial for this $12 per share stock. In the past, VALE has traded at prices north of $20 per share.</p>



<p><em>On the date of publication, Thomas Niel did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/"><em>Publishing Guidelines</em></a><em>.</em></p>
<div><p>Thomas Niel, contributor for InvestorPlace.com, has been writing single-stock analysis for web-based publications since 2016.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/03/7-value-stocks-to-buy-at-a-52-week-low-in-march/">7 Value Stocks to Buy at a 52-Week Low in March</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

7 Value Stocks to Buy at a 52-Week Low in March

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<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>Investors should keep their eyes on these best <a href="https://investorplace.com/stock-types/penny-stocks/">penny stocks</a> to buy in April for substantial gains for the rest of the year. Penny stocks are more affordable than their higher-priced counterparts, allowing investors with limited capital to participate in the stock market and build a diversified portfolio.</p>



<p>Another great thing is that these companies often have tiny market caps and cheap valuations, so the prospects of hitting a multi-bagger is perhaps the highest for these types of investments. </p>



<p>Of course, the flip side is that many penny stocks also carry a heightened risk of failure, as these smaller companies may lack the resources, management expertise, or competitive advantages to sustain long-term growth.</p>



<p>With that said, here are seven of the best penny stocks to buy for April. These companies have that magic mix of advantages and low valuations that make them attractive for investors of various risk tolerances and time horizons.</p>



<h2>Taboola (TBLA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/11/shutterstock_1837963990-300x169.jpg" alt="TBLA stock: Taboola company website with logo close up"><div>Source: Postmodern Studio / Shutterstock</div></div><p><strong>Taboola</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/tbla-stock-quote/"><strong>TBLA</strong></a>) operates in the online advertising space, having gained recognition for its content recommendation platform and its deal with <strong>NBCUniversal News Group.</strong></p>



<p>I believe that TLBA could be one of those best penny stocks to buy in April for a few different reasons. Analysts <a href="https://www.investing.com/news/stock-market-news/earnings-call-taboola-anticipates-robust-growth-in-2024-with-strong-q4-results-3321862">view TBLA&rsquo;s future positively</a>, expecting a 33% revenue growth in 2024 to nearly $2 billion. A $100 million share buyback program has also been authorized.</p>



<p>The company itself is <a href="https://finance.yahoo.com/news/taboola-com-ltd-tbla-reports-113456704.html">forecasting substantial growth</a> across key metrics. The company expects revenue from its main operating segments to grow by 25% compared to 2023, with adjusted EBITDA expected to exceed $200 million and free cash flow projected to surpass $100 million.</p>



<p>TBLA could be a great pick for investors who want to invest in a developing advertising company without paying for a steep valuation. Therefore, it&rsquo;s one of those best penny stocks to buy in April.</p>



<h2>New Gold (NGD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/gold1600-300x169.jpg" alt="Closeup of a large gold nugget. stocks under $10"><div>Source: Shutterstock</div></div><p><strong>New Gold</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/ngd-stock-quote/"><strong>NGD</strong></a>) is a Canadian-based gold mining company with multiple projects.</p>



<p>Gold has always been a favorite of mine as a precious metal to invest in due to its lack of correlation with traditional risk assets, but NGD stands as a promising penny stock to invest in on its own while preserving some of Gold&rsquo;s uncorrelated properties.</p>



<p>The company has a number of investments planned for this year. These investments are expected to underpin free cash flow generation, <a href="https://www.newswire.ca/news-releases/new-gold-outlines-significant-free-cash-flow-generation-profile-supported-by-improving-production-and-decreasing-costs-over-the-next-three-years-854846781.html">with a notable increase</a> in gold production projected at the Rainy River Mine to between 250,000 and 280,000 ounces.</p>



<p>Financially, NGD&rsquo;s performance in <a href="https://finance.yahoo.com/news/gold-reports-fourth-quarter-full-221500827.html">2023 laid a strong foundation</a>, with revenue growing to $786.5 million from the previous year. The increase was primarily driven by higher sales volumes and gold prices, although partially offset by lower copper prices.&nbsp;</p>



<p>NGD could then be a great option for those who want exposure to precious metals.</p>



<h2>Bit Digital (BTBT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/06/bitcoin_world_map_1600-300x169.jpg" alt="A map of the world with Bitcoin iconography overlaid on various countries with lines between various icons."><div>Source: naulicrea / Shutterstock.com</div></div><p><strong>Bit Digital</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/btbt-stock-quote/"><strong>BTBT</strong></a>) is engaged in the cryptocurrency mining sector, focusing on <strong>Bitcoin </strong>(<a href="https://investorplace.com/cryptocurrency/btc-usd/"><strong>BTC-USD</strong></a>) production.</p>



<p>Bitcoin will continue to be a strong winner in my opinion, and I think that after a pullback this April following the upcoming halving event, it could continue its rapid capital appreciation as institutional investment continues to pour into it. Small miners like BTBT could then lend themselves to significant returns.</p>



<p>In 2024, BTBT plans to focus on enhancing its <strong>Ethereum </strong>(<a href="https://investorplace.com/cryptocurrency/eth-usd/"><strong>ETH-USD</strong></a>) treasury holdings through the conversion of mined bitcoin into ETH for staking. For January 2024, BTBT reported the production of 145.7 BTC, a decrease from the previous month, with an active hash rate of approximately 2.50 EH/s.&nbsp;</p>



<p>The company&rsquo;s digital asset holdings, including BTC and ETH, were valued at approximately $74 million, with cash and equivalents of $22.6 million. BTBT&rsquo;s staked ETH earned a blended APY of about 3.69%, yielding approximately 38.7 ETH in rewards for the month.</p>



<p>This backdrop and its war chest of crypto make it one of the best penny stocks to buy in April.</p>



<h2>Future FinTech Group (FTFT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/07/fintech_1600-300x169.jpg" alt='undervalued fintech stocks A concept image of a hand reaching toward the word "Fintech," which is surrounded by icons representing money and growth. Fintech Stock Bargains, fintech stock'><div>Source: Wright Studio / Shutterstock.com</div></div><p><strong>Future FinTech Group</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/ftft-stock-quote/"><strong>FTFT</strong></a>) works in the blockchain and fintech industries catering to a global clientele in the e-commerce sector.</p>



<p>The company&rsquo;s main business includes an online shopping platform, Chain Cloud Mall (<a href="https://investorplace.com/stock-quotes/ccm-stock-quote/"><strong>CCM</strong></a>), based on blockchain technology. FTFT has expanded into financial services and cryptocurrency market data services.</p>



<p>For the third quarter of 2023, <a href="https://www.wallstreetzen.com/stocks/us/nasdaq/ftft/earnings">FTFT reported an earnings per share</a>&nbsp; of negative 16 cents marking a 36% improvement compared to the same period the previous year, where the EPS was negative 25 cents The total earnings for the quarter were approximately -$2.49 million.</p>



<p>The reason I think FTFT could be a long-term winner is that its CCM platform is one of the most disruptive in the industry, and <a href="https://bluetree.digital/fintech-market-growth-statistics/#:~:text=The%20global%20fintech%20market%20is%20projected%20to%20reach%20%24460%20billion,22.17%25%20from%202020%20to%202025.">gives people an alternative</a> to the big name brands. The fintech industry is expanding rapidly, and I believe that investors should have exposure to this sector for long-term gains.</p>



<h2>Gerdau (GGB)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/11/ggb-stock-1-300x169.jpg" alt="A close-up shot of the Gerdau (GGB) office sign in Sao Paolo, Brazil."><div>Source: casa.da.photo / Shutterstock.com</div></div><p><strong>Gerdau</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/ggb-stock-quote/"><strong>GGB</strong></a>) is a steel producer with operations spread across various sectors such as civil construction and automotive. The steel industry heavily relies on the health of the Chinese economy to fuel its expansive construction projects.</p>



<p>I&rsquo;m bullish on China, notwithsanding some short-term setbacks, as it has <a href="https://www.wsj.com/economy/chinas-service-economy-expands-further-caixin-pmi-shows-b6c0ca62">now shown some signs of recovery</a>.</p>



<p>The company <a href="https://www.marketscreener.com/quote/stock/GERDAU-S-A-6492877/news/Gerdau-S-A-2Q23-Earnings-Release-44555220/">closed the second quarter</a> of 2023 with an adjusted EBITDA of $3.8 billion, marking one of its best historical results for the period, despite a slight decrease in shipments of steel. </p>



<p>Despite this, GGB&rsquo;s P/E ratio is below the US market average, indicating good value compared to peers and industry.</p>



<p>GGB stock is then one of those best penny stocks to buy due its valuation, as well as the fact that it gives investors some indirect exposure to China&rsquo;s continued rise as an emerging economy through its healthy appetite for steel.</p>



<p>The projected one-year price target suggests a potential upside of 19.16% from its current price, setting the target at $5.10.</p>



<h2>Genworth Financial (GNW)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/gnw1600-300x169.jpg" alt="A shot of the Genworth Financial (GNW) sign on an office building in Canada."><div>Source: JHVEPhoto / Shutterstock.com</div></div><p><strong>Genworth Financial</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/gnw-stock-quote/"><strong>GNW</strong></a>) is an insurance holding company offering products like mortgage insurance and long-term care insurance.</p>



<p>In the fourth quarter of 2023, GNW <a href="https://finance.yahoo.com/news/genworth-financial-gnw-q4-2023-194515748.html">experienced several financial shifts</a>, notably in its long-term care insurance and life and annuities sectors. </p>



<p>The company reported an adjusted operating loss of $151 million in long-term care insurance, a decrease from a $204 million income in the same quarter of the previous year.&nbsp;</p>



<p>&nbsp;It also announced a significant $350 million share repurchase authorization in July of the previous year. GNW plans to invest approximately $35 million in 2024 in CareScout services, aiming to drive long-term growth for its offerings.</p>



<p>I think that GNW could be one of those penny stocks to buy in April, primarily due to management&rsquo;s strong conviction that its shares are undervalued, evidence through the share repurchase, as well as being n undervalued insurance company in its own right when compared with its peer companies.</p>



<h2>Transocean (RIG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/rig-1600-300x169.jpg" alt="Transocean logo on a laptop screen. RIG stock."><div>Source: Postmodern Studio / Shutterstock</div></div><p><strong>Transocean</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/rig-stock-quote/"><strong>RIG</strong></a>) is a major player in deep-water and ultra-deep-water drilling with a global operational footprint.</p>



<p>RIG entered 2024 on a <a href="https://finance.yahoo.com/news/transocean-ltd-rig-reports-narrowed-113215085.html">somewhat positive note</a>, with a narrowed net loss in Q4 2023 and a robust backlog. RIG reported an adjusted EBITDA of $122 million and a margin of 16.3%. </p>



<p>The company&rsquo;s backlog stood at $9.01 billion. Meanwhile, its management noted the addition of $3.2 billion to the backlog during the quarter and highlighted the delivery and commissioning of two eighth-generation drillships.&nbsp;</p>



<p>This backdrop is enough for me to recommend RIG and one of the best penny stocks for investors to scoop up in April this year.</p>



<p>The stock has also seen an increase in value, rising 5% from the start of 2024 to the recent trading price. Analysts set a 12-month price target with an average expectation of $8.06, indicating a potential upside of around 20.9% from its current trading level&#8203;.</p>



<p><em>On the date of publication, Matthew Farley did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed are those of the writer, subject to the</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/"><em> </em>InvestorPlace.com Publishing Guidelines</a>.</p>
<div><p>Matthew started writing coverage of the financial markets during the crypto boom of 2017 and was also a team member of several fintech startups. He then started writing about Australian and U.S. equities for various publications. His work has appeared in MarketBeat, FXStreet, Cryptoslate, Seeking Alpha, and the New Scientist magazine, among others.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/04/the-7-best-penny-stocks-to-buy-in-april-2024/">The 7 Best Penny Stocks to Buy in April 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

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