CLF unveils a $150M stainless steel anneal line at Coshocton Works, boosting quality with hydrogen tech.
Cleveland-Cliffs (CLF) concluded the recent trading session at $7.33, signifying a -4.43% move from its prior day's close.
In the latest trading session, Cleveland-Cliffs (CLF) closed at $7.37, marking a -8.1% move from the previous day.
In the closing of the recent trading day, Cleveland-Cliffs (CLF) stood at $7.54, denoting a -0.26% change from the preceding trading day.
Cleveland-Cliffs (CLF) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
The president ratcheted up the rate on foreign metals to 50 percent, saying the former levies weren't high enough to help the U.S. industry.
There comes a time in every cycle for investors to start considering where the best odds of having a green year are, and it is all rooted in the way that the broader United States economy is headed next. Today, everyone might think that the cycle is still running hot as it has since the COVID-19 pandemic, when the system was flooded with low interest rates and newly printed money that needed to make its way through businesses and consumers alike.
President Donald Trump's recent announcement to increase tariffs on imported steel and aluminum from 25% to 50%, effective June 4, 2025, has significantly influenced U.S. metal stocks. The rise in tariffs has strengthened U.S. metal producers by decreasing foreign competition and increasing domestic prices.
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.
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.
The stock market is usually a pretty efficient mechanism for pricing in an economy's future expectations. In the case of the S&P 500, its mere size and liquidity usually give investors a pretty good gauge of where the future of the United States economy might be headed.
Cleveland-Cliffs stock has underperformed, but I remain optimistic about a recovery driven by automotive resurgence, asset optimization, and the expiration of a detrimental slab contract. Q1 results were disappointing due to low steel prices and a challenging supply agreement, but cost-cutting measures and improved HRC prices could boost future EBITDA. By 2026, the combination of strategic initiatives could uplift annual EBITDA by $1.05-$1.3 billion, with a potential price target of $8.7/share.