Streetbeat News

STZHF

Stelco Holdings Inc

https://www.stelco.com/

Industry

Rolled Steel Shape Manufacturing

Open

49.41

Mkt cap

2.7B

Volume

100

High

49.41

P/E Ratio

21.86

52-wk high

55.00

Low

49.41

Div yield

0.05

52-wk low

26.17

Cleveland-Cliffs Inc. (NYSE:CLF) shares are trading higher after reporting Q2 financial results. Despite missing revenue estimates, the company beat earnings expectations and lowered its full-year 2024 capital expenditures. Additionally, Cleveland-Cliffs announced an acquisition of Stelco Holdings Inc. (OTC:STZHF), expected to boost EPS for 2024 and 2025. Investors can gain exposure via SPDR S&P Metals & Mining ETF (NYSE:XME) and VanEck Steel ETF (NYSE:SLX).

Portfolio Pulse from Lekha Gupta

July 23, 2024 | 6:47 pm

Cleveland-Cliffs Inc. (NYSE:CLF) is acquiring Stelco Holdings Inc. (OTC:STZHF) for $2.5 billion, expecting $120 million in annual savings. The deal is anticipated to boost CLF's EPS for 2024 and 2025. CLF shares are down 2.41% premarket. Investors can gain exposure via SPDR S&P Metals & Mining ETF (NYSE:XME) and First Trust Materials AlphaDEX Fund (NYSE:FXZ).

Portfolio Pulse from Lekha Gupta

July 15, 2024 | 12:38 pm

JPMorgan analyst Bill Peterson recommends Cleveland-Cliffs Inc (CLF), Stelco Holdings (STZHF), and Constellium SE (CSTM) as top picks in the metals and mining sector. Peterson highlights CLF's aggressive buyback plans and benefits from idling its Weirton tinplate mill, STZHF's value-add products potentially yielding incremental EBITDA, and CSTM's strong aerospace demand and strategic initiatives boosting margins and EBITDA.

Portfolio Pulse from Surbhi Jain

March 21, 2024 | 12:28 pm

The strategic review of United States Steel Corp. (X) to sell all or part of itself is nearing its end, with site visits for potential buyers scheduled for next week. Cleveland-Cliffs (CLF), ArcelorMittal (MT), and Stelco (STZHF) are among the potential buyers. The United Steelworkers might transfer counterbid rights to Cleveland-Cliffs.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 9:55 pm

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