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Companhia Siderúrgica Nacional ( (SID) ) has provided an update.
On May 8, 2025, Companhia Siderúrgica Nacional released its interim financial information for the quarter ending March 31, 2025, which was reviewed by Mazars Auditores Independentes. The review concluded that the financial statements were prepared in accordance with Brazilian and international accounting standards, reflecting no significant discrepancies. This announcement reassures stakeholders of the company’s compliance with financial reporting standards, potentially strengthening its credibility and market position.
The most recent analyst rating on (SID) stock is a Sell with a $2.20 price target. To see the full list of analyst forecasts on Companhia Siderúrgica Nacional stock, see the SID Stock Forecast page.
Spark’s Take on SID Stock
According to Spark, TipRanks’ AI Analyst, SID is a Neutral.
Companhia Siderúrgica Nacional’s stock score reflects a challenging financial performance with high leverage and negative net income, offset by strong operational results in specific segments like mining and cement. Technical indicators show slight bullish momentum, while valuation concerns arise due to a negative P/E ratio. The recent earnings call provided positive insights into operational improvements and strategic focus, but highlighted risks related to exchange rate impacts and market dynamics. The high dividend yield adds some appeal, though the absence of immediate distributions and external market challenges remain notable risks.
To see Spark’s full report on SID stock, click here.
More about Companhia Siderúrgica Nacional
Companhia Siderúrgica Nacional, also known as National Steel Company, is a prominent player in the steel industry based in São Paulo, Brazil. The company is primarily involved in the production and distribution of steel products, serving various sectors that rely on steel as a fundamental material.
Average Trading Volume: 2,654,716
Technical Sentiment Signal: Sell
Current Market Cap: $2.13B
For an in-depth examination of SID stock, go to TipRanks’ Stock Analysis page.