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| Company | Date | Price Target | Rating | Analyst |
|---|---|---|---|---|
| 10/23/2024 | $48.00 | Hold → Buy | Argus | |
| 10/17/2024 | $41.00 → $50.00 | Neutral → Buy | B. Riley Securities | |
| 10/1/2024 | $140.00 → $155.00 | Neutral → Buy | BofA Securities | |
| 10/1/2024 | $43.00 → $52.00 | Neutral → Buy | BofA Securities | |
| 9/25/2024 | $32.00 → $36.00 | Neutral | JP Morgan | |
| 9/17/2024 | $135.00 → $127.00 | Market Perform | BMO Capital Markets | |
| 9/9/2024 | $120.00 → $131.00 | Underweight → Neutral | JP Morgan | |
| 9/9/2024 | $170.00 → $174.00 | Neutral → Overweight | JP Morgan |
Maintaining Adj. EBITDA guidance of $150-170 million Recorded improved adjusted EBITDA of $60 million for the third quarter of 2024Positive net cash position of $32 million and adjusted gross debt of $89 millionU.S. Department of Commerce announced duties on Russian, Brazilian, Kazakhstan and Malaysian FeSi importsPaid quarterly cash dividend of $0.013 per share in September; next dividend of $0.013 per share on December 27Repurchased shares during the third quarter and implemented a 10b5-1 planPreparing to issue ESG report highlighting the company's 2030 decarbonization targets and other milestones LONDON, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ:GSM) ("Ferroglobe", the
Cleveland-Cliffs Inc. (NYSE:CLF) today reported third-quarter results for the period ended September 30, 2024. Third-Quarter 2024 Highlights Revenues of $4.6 billion Steel shipments of 3.8 million net tons GAAP net loss of $230 million and adjusted net loss1 of $156 million Adjusted EBITDA2 of $124 million Does not include Stelco's third-quarter adjusted EBITDA3 of US$64 million and adjusted EBITDA3 margin of 13% Liquidity of $3.8 billion as of September 30, 2024 Third-quarter 2024 revenues were $4.6 billion, compared to $5.1 billion in the second quarter of 2024. For the third quarter of 2024, the Company recorded a GAAP net loss of $0.52 per diluted share to Cliffs sharehol
CHICAGO, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Century Aluminum Company (NASDAQ:CENX) today announced its third quarter 2024 results. Business Highlights Net sales of $539.1 millionRealized LME aluminum price of $2,451/MT in third quarter is up $163/MT from prior quarterReported net income attributable to Century stockholders of $47.3 million and adjusted EBITDA attributable to Century stockholders of $103.7 million1Cash and cash equivalents of $32.6 million and strong liquidity of $278.9 million as of September 30, 2024Final Section 45X rules include direct and indirect material costs as eligible for 10% production tax credit, increasing Century benefit by $34.9 million Third Quarter 2024
Maintaining Adj. EBITDA guidance of $150-170 million Recorded improved adjusted EBITDA of $60 million for the third quarter of 2024Positive net cash position of $32 million and adjusted gross debt of $89 millionU.S. Department of Commerce announced duties on Russian, Brazilian, Kazakhstan and Malaysian FeSi importsPaid quarterly cash dividend of $0.013 per share in September; next dividend of $0.013 per share on December 27Repurchased shares during the third quarter and implemented a 10b5-1 planPreparing to issue ESG report highlighting the company's 2030 decarbonization targets and other milestones LONDON, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Ferroglobe PLC (NASDAQ:GSM) ("Ferroglobe", the
Cleveland-Cliffs Inc. (NYSE:CLF) today reported third-quarter results for the period ended September 30, 2024. Third-Quarter 2024 Highlights Revenues of $4.6 billion Steel shipments of 3.8 million net tons GAAP net loss of $230 million and adjusted net loss1 of $156 million Adjusted EBITDA2 of $124 million Does not include Stelco's third-quarter adjusted EBITDA3 of US$64 million and adjusted EBITDA3 margin of 13% Liquidity of $3.8 billion as of September 30, 2024 Third-quarter 2024 revenues were $4.6 billion, compared to $5.1 billion in the second quarter of 2024. For the third quarter of 2024, the Company recorded a GAAP net loss of $0.52 per diluted share to Cliffs sharehol
CHICAGO, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Century Aluminum Company (NASDAQ:CENX) today announced its third quarter 2024 results. Business Highlights Net sales of $539.1 millionRealized LME aluminum price of $2,451/MT in third quarter is up $163/MT from prior quarterReported net income attributable to Century stockholders of $47.3 million and adjusted EBITDA attributable to Century stockholders of $103.7 million1Cash and cash equivalents of $32.6 million and strong liquidity of $278.9 million as of September 30, 2024Final Section 45X rules include direct and indirect material costs as eligible for 10% production tax credit, increasing Century benefit by $34.9 million Third Quarter 2024
4 - NUCOR CORP (0000073309) (Issuer)
4 - NUCOR CORP (0000073309) (Issuer)
4 - NUCOR CORP (0000073309) (Issuer)
Nucor Corporation (NYSE:NUE) shares are trading lower today. Yesterday, the company reported better-than-expected second-quarter financial results. Nucor reported quarterly earnings of $2.68 per share, which beat the analyst consensus estimate of $2.35 by 14.04%. Quarterly sales came in at $8.08 billion, which beat the analyst consensus estimate of $7.69 billion by 5.13%. Nucor anticipates a decline in third-quarter 2024 earnings compared to the second quarter, primarily due to lower average selling prices impacting the steel mills segment. KeyBanc Capital Markets analyst Philip Gibbs says that 3Q24 guidance suggests weaker earnings in Steel Products and Raw Materials than his curre
Cleveland-Cliffs Inc. (NYSE:CLF) shares are trading higher today after the company reported financial results for the second quarter yesterday. The company reported revenue of $5.09 billion, missing the consensus estimate of $5.20 billion, according to Benzinga Pro. The company reported breakeven adjusted earnings, beating analyst estimates for a loss of 2 cents per share. Cleveland-Cliffs lowered its full-year 2024 expected capital expenditures range from a range of $675 million to $725 million to a new range of $650 million to $700 million. The company also noted that its year-over-year steel unit cost reduction objective of approximately $30 per net ton remains on track. KeyBa
Nucor Corporation (NYSE:NUE) shares are climbing after the company reported its second-quarter financial results Monday. Here's a look at the key figures from the report. The Details: Nucor reported quarterly earnings of $2.68 per share which beat the analyst consensus estimate of $2.35 by 14.04%. Quarterly sales came in at $8.08 billion, which beat the analyst consensus estimate of $7.69 billion by 5.13%. A total of approximately 6.289 million tons were shipped to outside customers in the second quarter of 2024, a 1% increase compared with the first quarter of 2024 and a 5% decrease compared with the second quarter of 2023. Total steel mill shipments in the second quarter of 2024
Argus upgraded Alcoa from Hold to Buy and set a new price target of $48.00
B. Riley Securities upgraded Alcoa from Neutral to Buy and set a new price target of $50.00 from $41.00 previously
BofA Securities upgraded Steel Dynamics from Neutral to Buy and set a new price target of $155.00 from $140.00 previously
4 - CLEVELAND-CLIFFS INC. (0000764065) (Issuer)
4 - CLEVELAND-CLIFFS INC. (0000764065) (Issuer)
4 - CLEVELAND-CLIFFS INC. (0000764065) (Issuer)
8-K - STEEL DYNAMICS INC (0001022671) (Filer)
6-K - Ferroglobe PLC (0001639877) (Filer)
10-Q - NUCOR CORP (0000073309) (Filer)
SC 13G/A - Ferroglobe PLC (0001639877) (Subject)
SC 13G/A - OLYMPIC STEEL INC (0000917470) (Subject)
SC 13D/A - CENTURY ALUMINUM CO (0000949157) (Subject)
NEW YORK, Sept. 6, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, September 23, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from
GrafTech International Ltd. (NYSE:EAF) ("GrafTech" or the "Company") announced today that the Company's Board of Directors (the "Board") has appointed Rory O'Donnell to the position of Chief Financial Officer and Senior Vice President of the Company, effective September 3, 2024. Mr. O'Donnell will serve as a member of the Company's executive leadership team and report directly to Chief Executive Officer and President Timothy Flanagan. He will be responsible for overseeing all financial aspects of the Company. "I am pleased to announce Rory's appointment as the Company's Chief Financial Officer and welcome him to GrafTech," said Timothy Flanagan, Chief Executive Officer and President. "Wit
Alcoa Corporation (NYSE:AA, ASX: AAI))) today announced a transition in its Investor Relations leadership, appointing Louis Langlois, senior vice president, Treasury and Capital Markets effective September 1, 2024. Mr. Langlois will assume responsibility for the Company's investor relations and pension investment functions from Jim Dwyer, vice president, Investor Relations and Pension Investments, who will retire on September 1 after more than 30 years of service. Mr. Langlois is currently senior vice president and treasurer. He will continue to report to Executive Vice President and Chief Financial Officer Molly Beerman. "Louis will extend the strong relationships he currently has with o