Companhia Siderurgica Nacional also mines iron ore, limestone, and dolomite, as well as maintains strategic investments in railroads and power supply companies. Number of outstanding shares of the stock currently stood at 1.38 Billion.With its current market valuation of $3.46 Billion, Companhia Siderurgica Nacional is set to declare its quarterly results next month. CSN's steel-making facilities are subject to a broad range of laws, regulations and permit requirements in Brazil relating to the protection of human health and the environment.Being a Brazilian company, principal competitive advantages of CSN are its abundant supply of low-cost, high-grade iron ore, low-cost labor and energy resources, and good quality of its infrastructure (railways and ports, mainly). Two major expansions were undertaken at the Presidente Vargas Steelworks during the 1970s. Executive Director of Finance and IR Marcelo Cunha Ribeiro: +55 (11) 3049-7515. The figures also indicate that as of July 14, 2020, number of stock’s short shares was 9840000 which implies a short ratio of 5.29. When taken as whole, stock gets a rating of Hold and that encourages the investors to exploit the opportunity and build their stake up in the company.Data compiled by Thomson Reuters highlights that percentage of outstanding shares held by the insiders is 0% while it is 3.33% for the institutional holders. Companhia Siderurgica Nacional (NYSE:SID) concluded the trading on Wednesday, Jul 29 with a rise of 5.53% from its closing price on previous day. CSN Companhia Siderúrgica Nacional Av.
Drop of -28.12% by stock’s current price to its year-to-date value in today’s trading is likely to be increasing investors’ worries about the stock as it is hinting a further drop.Having a second look at Companhia Siderurgica Nacional (NYSE:SID) provides that stock’s average daily trading volume for 3 months was 2.04 Million, while it dropped to 1.33 Million when we calculate an average volume for past 10 days.
(ii) Projection of reaching 3.00x in the Net Debt/Adjusted EBITDA indicator […] The second, completed in 1977, raised capacity to 2.4 million tons of crude steel.CSN has these competitive advantages over its Brazilian competitors:CSN underwent another expansion in 1989, increasing capacity to 4.5 million tons of crude steel. Stock’s current price level is -46.37% above from estimated low price target while it is 33.06% below the estimated high; and even if the SID’s share succeeded to reach the median price of $2.14, then the outlook of -13.71% could come to the excitement of the investors.Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of $1.33 Billion. It is also benefited from a vast internal market present in Brazil with a large growth potential. The company sells its steel products to customers in Brazil and 71 other countries in North America, Europe, and Asia through its sales force and distributors. Brigadeiro Faria Lima, 3.400 – 20 th floor Itaim Bibi – São Paulo – SP Brasil CEP: 04538-132 Tel. The Presidente Vargas Steelworks, located at Volta Redonda, in Rio de Janeiro State, started production in 1946. As a result of these advantages, CSN has one of the lowest steel production costs in the world.CSN was a Brazilian corporation incorporated in 1941 pursuant to a decree of Brazilian President Getúlio Vargas. COMPANHIA SIDERÚRGICA NACIONAL Publicly-Held Company Corporate Taxpayer’s ID (CNPJ/MF): 33.042.730/0001-04 Company Registry (NIRE): 35-3.0039609.0 MATERIAL FACT Companhia Siderúrgica Nacional (“CSN” or “Company”) hereby announces to its shareholders and the market in general on projections update, as follow: (i) Projection of reaching 3.75x Net Debt/Adjusted EBITDA … Its P/Cash is valued at 3.71. CSN also mines iron ore, limestone, and dolomite, and maintains strategic investments in railroads and power supply companies. Phone: +55 11 3049-7100 E-mail: invrel@csn.com.br. It is considered one of the most productive steel-makers in the world, producing more than 6 million tons of raw steel and more than 5 million tons of laminates per year. The stock SMA50 is now at 22.52 percent. Material Fact São Paulo, July 28, 2020 – Companhia Siderúrgica Nacional (“CSN” or “Company”) hereby announces to its shareholders and the market in general on projections update, as follow: (i) Projection of reaching 3.75x Net Debt/Adjusted EBITDA indicator at the end of the 2020 annual balance sheet. Beta is valued at 2.18, while measure of average true range or ATR is currently at 0.12. : +55 (11) 3049-7591. Companhia Siderurgica Nacional institutional ownership is standing at 2.6 percent, while insider ownership is 54.5 percent.