Usinas Siderúrgicas de Minas Gerais (BOVESPA:USIM3) has witnessed a commendable rise in its average one-year price target, soaring to 9.67 per share. This bullish surge marks a significant increase of 13.20% from the previous estimate of 8.54, dated January 18, 2024.
This revamped price target amalgamates many different analyst predictions, with the most recent forecasts ranging from a low of 7.43 to a high of 14.41 per share. Standing in contrast, the average price target indicates a marginal dip of 2.33% from the most recent closing value of 9.90 per share.
A Peek into Fund Sentiment
The arena of Usinas Siderúrgicas de Minas Gerais has seen active involvement from 3 funds or institutions that have maintained their positions over the last quarter. The average portfolio weight among these entities dedicated to USIM3 is 0.01%, reflecting a slight 12.76% decrease. Notably, the total shares held by institutions have witnessed a 3.31% uptick in the past three months, climbing to 1,353K shares.
Shareholder Pulse
SPEM – SPDR(R) Portfolio Emerging Markets ETF boasts ownership of 1,333K shares, reflecting a 0.11% stake in the company. In its previous filing, the firm declared ownership of 1,289K shares, marking an impressive increase of 3.26%. However, a sobering 17.75% decrease was observed in the firm’s portfolio allocation in USIM3 over the last quarter.
JAJBX – Emerging Markets Value Trust Series I proudly holds 15K shares, representing a 0.00% ownership of the company, with no change reported in the last quarter.
JEVNX – Emerging Markets Fund Class NAV carries 5K shares in its portfolio, signifying a 0.00% ownership of the company, with no changes reported in the last quarter.
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This story originally appeared on Fintel.
The sentiments articulated in this piece are the author’s viewpoints and do not necessarily mirror those of Nasdaq, Inc.
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