US Steel Delays Deal With Nippon; Atlas Lithium Secures New Financing; ATI Completes Expansion And More: Friday's Top Mining Stories
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 12 2024
0mins
Source: Benzinga
- U.S. Steel X and Nippon Steel Deal Delay: The $14.1 billion deal between U.S. Steel X and Nippon Steel may be delayed until the second half of 2024 due to political resistance, investigations, and opposition from various parties.
- Atlas Lithium Secures Investments: Atlas Lithium ATLX secured investments and supply agreements with key suppliers to Tesla, BYD, and LG, reaching its initial production costs of $49.5 million.
- ATI Celebrates Expansion: ATI completed its Vandergrift Operations expansion, enhancing its Specialty Rolled Products production capabilities in titanium and nickel-based alloys for aerospace and defense materials.
- Argan Reports Fiscal Results: Argan AGX reported a 26% increase in consolidated revenues to $573.3 million in fiscal 2024, with optimism about new opportunities in renewable and natural gas projects despite challenges.
- Benzinga Mining Connection: Benzinga Mining serves as a bridge between mining companies and retail investors, offering connections to the Benzinga community for licensing inquiries.
Analyst Views on ATI
Wall Street analysts forecast ATI stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for ATI is 123.00 USD with a low forecast of 120.00 USD and a high forecast of 135.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
5 Buy
0 Hold
0 Sell
Strong Buy
Current: 123.110
Low
120.00
Averages
123.00
High
135.00
Current: 123.110
Low
120.00
Averages
123.00
High
135.00
About ATI
ATI Inc. is a global manufacturer of technically advanced specialty materials and complex components. The Company produces specialty materials, highly differentiated by its materials science expertise and advanced process technologies. It produces high-performance materials and solutions for the global aerospace and defense markets, and has critical applications in electronics, medical and specialty energy. The Company’s segment includes High Performance Materials & Components (HPMC) and Advanced Alloys & Solutions (AA&S). The HPMC segment produces a wide range of high-performance materials, components, and advanced metallic powder alloys. These products are made from nickel-based alloys and superalloys, titanium and titanium-based alloys, and a variety of other specialty materials. The AA&S segment produces nickel-based alloys, titanium and titanium-based alloys, and specialty alloys in a variety of forms, including plate, sheet, and strip products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
