Cleveland-Cliffs Inc. Addresses False Report
Cleveland-Cliffs Inc. (CLF)
Last cleveland-cliffs inc. earnings: 2/20 07:00 am
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Source: Business Wire
CLEVELAND--(BUSINESS WIRE)-- Cleveland-Cliffs Inc. (NYSE: CLF) is responding to a false report issued today by a company called Mesabi Metallics Company LLC that there is a “commitment” between Cliffs’ managed mine, Hibbing Taconite, and Mesabi Metallics to supply the Hibbing operation with crude ore. Neither Cliffs nor the Hibbing Taconite joint venture has any iron ore agreement with Mesabi Metallics or any other entity owned or operated by Tom Clarke. Additionally, contrary to the Mesabi Metallics’ public statement, there have been no discussions, conversations or any other type of communication between Lourenco Goncalves, Chairman, President and CEO of Cliffs, and Tom Clarke. Issues regarding ownership and mining rights at the Nashwauk site in Minnesota are currently being litigated in bankruptcy court, where Cliffs expects to prevail. Cliffs believes that Mesabi Metallics’ false stateme
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News
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- Cleveland-Cliffs Inc. (NYSE: CLF) had its price target lowered by analysts at Morgan Stanley from $20.00 to $19.00. They now have an "equal weight" rating on the stock.MarketBeat
- Cleveland-Cliffs Inc. (NYSE: CLF) had its price target lowered by analysts at B. Riley from $25.00 to $24.00. They now have a "buy" rating on the stock.MarketBeat
CLF
Earnings
- 4/22/24 - Miss
CLF
Sec Filings
- 5/3/24 - Form 8-K
- 5/1/24 - Form 4
- 5/1/24 - Form 4
- CLF's page on the SEC website