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Enter Symbol:
 
Gerdau Ameristeel (GNA) [hlAlert]

Rating:
Sector Outperform
GNA
up 84.56 %

Gerdau Ameristeel (GNA) upgraded to Sector Outperform by CIBC Wrld Mkts

Posted on: Tuesday,  Apr 21, 2009  8:25 AM ET by CIBC Wrld Mkts

CIBC Wrld Mkts rated Sector Outperform Gerdau Ameristeel (NYSE: GNA) on 04/21/2009, when the stock price was $4.47.
Since then, Gerdau Ameristeel has gained 84.56% as of 08/27/2010's recent price of $8.25.
If you would have followed this CIBC Wrld Mkts's recommendation on GNA, you would have gained 84.56% of your investment in 493 days.

Gerdau Ameristeel Corporation is the second largest mini-mill steel producers in North America with annual manufacturing capacity of more than nine million tons of mill finished steel products. Through its vertically integrated network of seventeen mini-mills, seventeen scrap recycling facilities and fifty one downstream operations, Gerdau Ameristeel serves customers throughout the United States and Canada. The company's products are generally sold to steel service centers, steel fabricators, or directly to original equipment manufacturers for use in a variety of industries, including construction, automotive, mining and cellular and electrical transmission. It is found in bridges, highways, stadiums, and commercial and apartment buildings.

CIBC World Markets strives to deliver leading edge investment research to investing clients through our multi-faceted, firm-wide research product offering. Our research has consistently been recognized as a top research source for its breadth of coverage, industry knowledge and quality of work in generating profitable and timely investment ideas. We provide in-depth coverage for all of the major sectors of the Canadian economy and select coverage of U.S. companies. Our analytical teams remain committed to identifying trends early and developing exploitable investment opportunities across the market capitalization spectrum. With the continued growth in quantitative and computerized investing strategies, we have also developed leading edge quantitative and technical research products to partner with our fundamental approach. Our products are available through several automated avenues: email, website, and third-party market vendors. Client service is our driving force and we constantly advance in offering greater product customization options.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/21/2009 8:25 AM Buy
None
4.47
as of 12/31/2009
1 Week up  34.02 %
1 Month up  34.02 %
3 Months up  38.76 %
1 YTD up  145.86 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/16/2008 9:25 AM Hold
None
16.70
11/5/2007 9:25 AM Buy
None
12.18 16.50
7/12/2007 9:25 AM Hold
None
14.59 16.00

(*) Stock Price at the time of the recommendation.
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