Lourenco Goncalves, Cleveland-Cliffs chairman and CEO, joins CNBC's 'Squawk on the Street' to discuss outlooks on trade, strengthening domestic steel in the U.S., and more.
Cleveland-Cliffs (CLF) closed at $10.06 in the latest trading session, marking a +0.2% move from the prior day.
Recently, Zacks.com users have been paying close attention to Cleveland-Cliffs (CLF). This makes it worthwhile to examine what the stock has in store.
Cleveland-Cliffs Inc. just reported its fourth quarter results and there are some important takeaways. The stock's record low valuation could be a major catalyst in 2025 as management seems well-prepared to take advantage of tariffs. Short-term investors are likely to be rewarded in 2025, but I remain sceptical of stock's performance beyond that.
Cleveland-Cliffs Inc. has multiple catalysts coming forth in 2025, driven by an improved macroeconomic environment and US manufacturing outlook. Section 232 tariffs have the ability to benefit Cleveland-Cliffs on multiple fronts, including price support and higher volume sales if imports decline. Cleveland-Cliffs may also benefit from nearshoring manufacturing, potentially driving more domestic construction projects.
While the top- and bottom-line numbers for Cleveland-Cliffs (CLF) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Lourenco Goncalves, Cleveland-Cliffs CEO, joins 'Closing Bell Overtime' to talk its outlook for 2025, policy impact, and more.
Iron & steel stock Cleveland-Cliffs Inc (NYSE:CLF) was last seen down 9.1% at $10.13, after the company posted wider-than-expected fourth-quarter losses of 68 cents per share alongside a revenue miss.
Cleveland-Cliffs (CLF) stock sank Tuesday after the steelmaker reported worse fourth-quarter results than expected, with revenue falling and losses widening from the same time last year.
Lower steel products volumes and net selling prices hurt CLF's fourth-quarter performance.
The steel maker reported weaker-than-expected earnings.
Cleveland-Cliffs (CLF) came out with a quarterly loss of $0.68 per share versus the Zacks Consensus Estimate of a loss of $0.65. This compares to loss of $0.05 per share a year ago.