RTTNews | Mar 31, 2021 10:04AM EDT

10:04 Wednesday, March 31, 2021 (RTTNews.com) - Shares of iron ore mining company Cleveland-Cliffs Inc. (CLF) are up more than 15% Wednesday morning and touched a new high of $20.09 after the company provided new EBITDA outlook for the first quarter as well as full year.

The company now sees first quarter adjusted EBITDA to be about $500 million.

Full-year adjusted EBITDA is now expected at about $3.5 billion.

Cleveland-Cliffs is scheduled to report its first quarter earnings on April 22.

Read the original article on RTTNews ( https://www.rttnews.com/3181763/stock-alert-cleveland-cliffs-touches-new-high-after-updated-earnings-outlook.aspx)

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