BMO Downgrades Gold Fields; Reliance Steel Acquires Cooksey Iron; Law Firm Probes Contango ORE; US Steel Shares Q4, Yearly Results
From Nasdaq:
1. BMO Capital analyst Andrew Kaip downgraded Gold Fields Limited from Market Perform to Underperform and lowered his price target from $14 to $12.
2. Reliance Steel & Aluminum Co. announced the acquisition of all outstanding equity interests of Cooksey Iron & Metal Co., Inc. Cooksey will operate as a subsidiary of Reliance’s wholly-owned subsidiary, Metals USA, and its current management team will remain in place.
3. The shareholder rights law firm Glancy Prongay & Murray LLP announced an investigation into Contango ORE, Inc.’s (NYSE: CTGO) directors and officers over potential violations of state laws.
4. United States Steel Corporation announced fourth-quarter and full-year earnings results for 2023. In Q4, the company reported a net loss of $80 million, and for the full year 2023, U.S. Steel saw adjusted net earnings of $1.195 million.
Read more: BMO Downgrades Gold Fields; Reliance Steel Acquires Cooksey Iron; Law Firm Probes Contango ORE; US Steel Shares Q4, Yearly Results