INSUBCONTINENT EXCLUSIVE:
forecasting $130 per ton by the end of 2024 and an average of $120 per ton for the year.This outlook supports an estimated dividend yield of
(Photo Internet reproduction)Higher iron ore prices and attractive dividend yields of about 10% contribute to this positive outlook
recommending a buy with a price target of R$25.Gerdau is expected to continue its strong performance, benefiting from low leverage and solid
dividends.Its shares trade at 3.3 times the expected EV/EBITDA for 2024, 35% below their historical average.Santander has upgraded CBA
(CBAV3) from neutral to outperform, with a price target of R$10.00 by the end of 2024.Rapid deleveraging is anticipated, with net
debt/EBITDA dropping from 7.9 times in Q1 2024 to 2.1 times in Q4 2024.Analysts remain positive about aluminum prices staying high, seeing
CBA trading at 5.3 times EV/EBITDA for 2024, 27% below its peers.Pulp and Paper InsightsSantander reiterated a buy rating for Klabin
(KLBN11) with a price target of R$31
EV/EBITDA for 2024, which Santander finds attractive
However, they caution that pulp prices might fall in the second half of 2024.Suzano (SUZB3) also holds a buy rating with a price target of
potentially exceeding market consensus, reaching R$22.4 billion in 2024.In a hypothetical merger between Suzano and International Paper
and paper, driven by expected commodity price trends and strong financial fundamentals.In short, this information helps investors make
informed decisions in these sectors.
