Company | Date | Price Target | Rating | Analyst |
---|---|---|---|---|
9/9/2024 | $40.00 → $42.00 | Neutral → Overweight | JP Morgan | |
9/6/2024 | $40.00 | Neutral → Outperform | Exane BNP Paribas | |
8/28/2024 | $29.00 → $31.00 | Hold → Buy | Deutsche Bank | |
8/27/2024 | $16.50 | Neutral → Buy | Seaport Research Partners | |
8/19/2024 | Equal Weight → Overweight | Barclays | ||
6/26/2024 | $43.00 → $45.00 | Market Perform → Outperform | BMO Capital Markets | |
6/11/2024 | $23.00 → $17.00 | Overweight → Neutral | JP Morgan | |
5/20/2024 | $45.00 | Buy | Jefferies |
JP Morgan upgraded U.S. Steel from Neutral to Overweight and set a new price target of $42.00 from $40.00 previously
Exane BNP Paribas upgraded U.S. Steel from Neutral to Outperform and set a new price target of $40.00
Deutsche Bank upgraded ArcelorMittal from Hold to Buy and set a new price target of $31.00 from $29.00 previously
8-K - CLEVELAND-CLIFFS INC. (0000764065) (Filer)
8-K - CLEVELAND-CLIFFS INC. (0000764065) (Filer)
8-K - CLEVELAND-CLIFFS INC. (0000764065) (Filer)
4 - CLEVELAND-CLIFFS INC. (0000764065) (Issuer)
4 - CLEVELAND-CLIFFS INC. (0000764065) (Issuer)
4 - CLEVELAND-CLIFFS INC. (0000764065) (Issuer)
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
Cleveland-Cliffs Inc (NYSE:CLF) reported financial results for the second quarter after the market close on Monday. Here’s a look at the key metrics from the quarter. Q2 Earnings: Cleveland-Cliffs reported second-quarter revenue of $5.1 billion, missing the consensus estimate of $5.1 billion, according to Benzinga Pro. The company reported breakeven adjusted earnings, beating analyst estimates for a loss of 2 cents per share. Steel shipments totaled 4 million net tons in the second quarter. Cash flow from operations was $519 million during the quarter, while free cash flow came in at $362 million. Cleveland-Cliffs said it repurchased 7.5 million shares under its previously authorize
Cleveland-Cliffs Inc. (NYSE:CLF) ("Cliffs") is pleased to announce that the holders of common shares (the "Shareholders") of Stelco Holdings Inc. (TSX:STLC) ("Stelco") voted in favor of, and overwhelmingly approved, the special resolution (the "Arrangement Resolution") regarding the previously announced indirect acquisition of Stelco by Cliffs at a special meeting of the Shareholders held earlier today (the "Stelco Meeting"). The Arrangement Resolution received support of 99.97% of the total votes cast for the Arrangement Resolution. The transaction is expected to close in the fourth quarter of 2024. Upon closing of the transaction, which remains subject to the satisfaction or waiver of the
Cleveland-Cliffs Inc. (NYSE:CLF) ("Cliffs") remains fully committed toward the transformational project underway at its Middletown Works integrated facility in Middletown, Ohio. As previously disclosed, Cliffs was selected for award negotiations for up to $500 million in total funding from the Department of Energy toward the replacement of its Middletown blast furnace with a Direct Reduced Iron (DRI) Plant and two Electric Melting Furnaces (EMF). The Company continues to be in active negotiations with the Department of Energy related to the award-specifc terms and conditions. Cliffs remains optimistic about receiving final approvals and proceeding with this carbon-friendly and high-return p
Cleveland-Cliffs Inc. (NYSE:CLF) ("Cliffs") today announced that it successfully amended its $4.75 billion Asset-Based Lending (ABL) facility as part of the financing for the pending acquisition of Stelco Holdings Inc. ("Stelco"). Cliffs has completely replaced Goldman Sachs' participation with increased commitments from Bank of America, Wells Fargo, J.P. Morgan, Fifth Third, Truist, Capital One, BMO, Huntington, and U.S. Bank. Additionally, PNC, Flagstar, UBS, MUFG, Regions, Barclays, ING, RBC, and First Citizens have also maintained their existing commitments to the ABL. Cliffs' Chairman, President and CEO, Lourenco Goncalves said: "In this latest ABL amendment, our capital request was t
4 - UNITED STATES STEEL CORP (0001163302) (Issuer)
4 - CLEVELAND-CLIFFS INC. (0000764065) (Issuer)
4 - CLEVELAND-CLIFFS INC. (0000764065) (Issuer)
SC 13G/A - CLEVELAND-CLIFFS INC. (0000764065) (Subject)
SC 13G/A - UNITED STATES STEEL CORP (0001163302) (Subject)
SC 13G/A - CLEVELAND-CLIFFS INC. (0000764065) (Subject)
United States Steel Corporation (NYSE:X) ("U. S. Steel") announced today that its Board of Directors declared a dividend of $0.05 per share of U. S. Steel Common Stock. The dividend is payable on Wednesday, September 11, 2024, to stockholders of record at the close of business on Monday, August 12, 2024. Founded in 1901, United States Steel Corporation is a leading steel producer. With an unwavering focus on safety, the Company's customer-centric Best for All® strategy is advancing a more secure, sustainable future for U. S. Steel and its stakeholders. With a renewed emphasis on innovation, U. S. Steel serves the automotive, construction, appliance, energy, containers, and packaging indus
Second quarter 2024 net earnings of $183 million, or $0.72 per diluted share. Second quarter 2024 adjusted net earnings of $211 million, or $0.84 per diluted share. Second quarter 2024 adjusted EBITDA of $443 million. United States Steel Corporation (NYSE:X) reported second quarter 2024 net earnings of $183 million, or $0.72 per diluted share. Adjusted net earnings was $211 million, or $0.84 per diluted share. This compares to second quarter 2023 net earnings of $477 million, or $1.89 per diluted share. Adjusted net earnings for the second quarter 2023 was $483 million, or $1.92 per diluted share. Commenting on the Company's second quarter performance, U. S. Steel President and
Luxembourg, August 1, 2024 - ArcelorMittal (referred to as "ArcelorMittal" or the "Company" or the "Group") (MT (New York, Amsterdam, Paris, Luxembourg), MTS (Madrid)), the world's leading integrated steel and mining company, today announced results1 for the three-month and six-month periods ended June 30, 2024. 2Q 2024 key highlights: Health and safety focus: Protecting employee health and safety remains the overarching priority of the Company; the Company-wide audit of safety by dss+ remains on track for completion by 3Q 2024 and will support our pathway to zero serious injuries and fatalities; LTIF2 rate of 0.57 in 2Q 2024 and 0.59 in 1H 2024 Resilient operating results: Be
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
06 August 2024, 07:30 CET ArcelorMittal today announces that following the signature of a Share Purchase Agreement on 12 March 2024, and after the approval of relevant antitrust authorities and clearances under foreign investment regulations, it has completed the acquisition of 65,243,206 shares, representing c.28.41% equity interest in Vallourec, for €14.64 per share from funds managed by Apollo Global Management Inc., for a total consideration of approximately €955 million, subject to successful completion of the settlement. Following completion of this transaction, the appointment of Mr. Genuino Magalhaes Christino (Chief Financial Officer, ArcelorMittal) as director of Vallourec will
19 March 2024, 10:00 CET ArcelorMittal, the world's leading steel and mining company, today announces that Kleber Silva is nominated Executive Vice President of ArcelorMittal and appointed as Chief Executive Officer of ArcelorMittal Mining, effective 08 April 2024. Kleber will report to Aditya Mittal, Chief Executive Officer of ArcelorMittal and he will be a member of the Group Management Committee. Stefan Buys, who has been the chief executive since October 2021, is leaving the company on 30 March 2024 to pursue other opportunities. Stefan safely advanced ArcelorMittal's mining business in both Liberia and Canada, and facilitated the progression of key projects. ArcelorMittal would like t