Streetbeat News

AMSYF

ArcelorMittal

http://www.arcelormittal.com/

CEO

Lakshmi Mittal

Employees

157,909

Industry

Iron and Steel Mills and Ferroalloy Manufacturing

Open

28.85

Mkt cap

23B

Volume

500

High

29.28

P/E Ratio

17.08

52-wk high

29.28

Low

28.85

Div yield

0.02

52-wk low

21.35

VinFast Auto Ltd. (NASDAQ: VFS) shares are falling due to a U.S. regulator investigation into a fatal crash involving a VF 8 vehicle, a lawsuit over unpaid rent, alleged patent violations, and a class action lawsuit by shareholders.

Portfolio Pulse from Nabaparna Bhattacharya

May 21, 2024 | 3:24 pm

Warrior Met Coal reported a production surge and strong Q1 results, while Materion updated its earnings forecast amidst a sales decline. Contango ORE is set to acquire HighGold Mining, offering a significant premium to HighGold shareholders. ArcelorMittal showcased a recovery in Q1 with increased steel shipments and EBITDA.

Portfolio Pulse from austin@walkonholdings.com

May 02, 2024 | 8:40 pm

American Battery Technology (ABAT) has initiated its lithium hydroxide pilot plant in Reno, Nevada, to produce battery-grade lithium hydroxide from unconventional sources, supported by a $4.5 million U.S. Department of Energy grant. ArcelorMittal Calvert (AMSYF) plans to construct a facility in Alabama for producing non-grain-oriented electrical steel, backed by $280.5 million in investment tax credits. Gold Royalty (GROY) reported a significant increase in revenue and gold equivalent ounces for Q1, projecting higher revenues for 2024. Saudi Arabia's Manara Minerals (FQVLF) is nearing a deal to acquire a minority stake in Pakistan's Reko Diq mine, a project 50% owned by Barrick Gold (GOLD).

Portfolio Pulse from austin@walkonholdings.com

April 22, 2024 | 9:01 pm

Nexa Resources suspends operations at Morro Agudo, impacting zinc and lead production. Metals Acquisition reports high copper grades at CSA Copper Mine, aiming for resource expansion. Golden Minerals announces 2023 financial results, with decreased revenue and a net loss, alongside mining operation updates. ArcelorMittal appoints Kleber Silva as EVP and CEO of its mining division, leveraging his extensive industry experience.

Portfolio Pulse from Austin DeNoce

March 19, 2024 | 9:08 pm

MX Holdings and Century Aluminum Company (CENX) form a joint venture for low-carbon secondary billet production, aiming for a 2026 start in the Ohio Valley. TMC the metals company Inc. (TMC) supports new U.S. seafloor nodule collection legislation. ArcelorMittal (OTC:AMSYF) buys a 28.4% stake in Vallourec. Ferroglobe PLC (GSM) appoints Carsten Larsen as CCO. Citigroup downgrades Cleveland-Cliffs (CLF) to Neutral with a $22 target. Morgan Stanley downgrades MP Materials (MP) to Equal-Weight with a $15.50 target.

Portfolio Pulse from Austin DeNoce

March 13, 2024 | 9:38 pm

Jefferies initiated coverage on Royal Gold with a Hold rating and a $117 price target. Golden Minerals halted operations at Velardeña due to underperformance, exploring sale or wind-up options. BHP Group is restructuring its global operations, starting in Australia, to cut costs and improve productivity amid a nickel market slowdown. Reliance's board member James Donald Hoffman sold 40,000 shares. ArcelorMittal reported a decrease in annual revenue and production compared to the previous year.

Portfolio Pulse from Austin DeNoce

February 29, 2024 | 10:53 pm

Jefferies initiated coverage on Royal Gold with a Hold rating and a $117 price target. Golden Minerals halted operations at Velardeña due to underperformance, exploring sale or wind-up options. BHP Group is restructuring global operations, starting in Australia, to cut costs and improve productivity amid nickel market slowdown. Reliance's board member James Donald Hoffman sold 40,000 shares. ArcelorMittal reported a decrease in annual revenue and production but remains a leading steel producer.

Portfolio Pulse from Austin DeNoce

February 29, 2024 | 10:52 pm

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