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Companhia Siderúrgica Nacional ( (SID) ) has shared an update.
On May 2, 2025, Companhia Siderúrgica Nacional (CSN) announced the dismissal of Grant Thornton Auditores Independentes Ltda. as its independent registered public accounting firm, following a recommendation by the audit committee. The audit reports for the fiscal year ended December 31, 2024, by Grant Thornton, were not qualified or modified. Simultaneously, CSN appointed Forvis Mazars Auditores Independentes as its new independent registered public accounting firm, effective from the first quarter of 2025. This strategic change in auditors is expected to enhance CSN’s financial reporting processes and align with its operational goals.
Spark’s Take on SID Stock
According to Spark, TipRanks’ AI Analyst, SID is a Neutral.
Companhia Siderúrgica Nacional’s stock score reflects significant financial challenges, including declining revenues, profitability issues, and increased leverage. While operational performance showed improvement, particularly in the mining and cement segments, ongoing financial pressures and negative cash flow weigh heavily. The high dividend yield provides some appeal, but the negative P/E ratio highlights the risks. Technical indicators show mixed signals, contributing to a cautious outlook.
To see Spark’s full report on SID stock, click here.
More about Companhia Siderúrgica Nacional
Companhia Siderúrgica Nacional (CSN) is a major player in the steel industry, primarily engaged in the production and sale of steel products. The company is headquartered in São Paulo, Brazil, and focuses on serving both domestic and international markets with its range of steel offerings.
Average Trading Volume: 2,199,929
Technical Sentiment Signal: Sell
Current Market Cap: $2.19B
See more data about SID stock on TipRanks’ Stock Analysis page.