Zacks.com users have recently been watching Cleveland-Cliffs (CLF) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Cleveland-Cliffs (CLF) reported earnings 30 days ago. What's next for the stock?
Steel stock Cleveland-Cliffs Inc (NYSE:CLF) is up 2.1% to trade at $10.96 this afternoon, enjoying its recent bounce off the $10 level.
Over the last month, Cleveland-Cliffs (NYSE:CLF) has experienced a decrease of approximately 25% in its share price, a significant decline for a company that had been benefiting from positive trade-policy news and expectations of a revival in automotive-steel demand.
Zacks.com users have recently been watching Cleveland-Cliffs (CLF) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Cleveland-Cliffs Inc. is downgraded to Sell with a $9.33/share target, citing ongoing challenges in U.S. manufacturing and margin pressures. CLF benefits from U.S. steel tariffs, government contracts, and automotive sector agreements, but faces near-term headwinds and market uncertainty. Recent capital raises, debt refinancing, and asset sales aim to deleverage the balance sheet, yet share dilution may reduce shareholder value.
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.
CLF narrows its third-quarter loss despite a revenue miss, trims 2025 capex plans and maintains cost-cutting targets.
The hottest trade of late hasn't been in AI, instead, stocks of companies that are engaged in the production or servicing of rare earth minerals and elements have taken the spotlight.
Shares of Cleveland-Cliffs (CLF) popped 20% Monday afternoon after it shared some news along with its third-quarter earnings: The steelmaker said it wants to get into the rare earths mining business.
Cleveland-Cliffs shares jump 17% as steelmaker looks into rare earths mining
Cleveland-Cliffs (CLF) came out with a quarterly loss of $0.45 per share versus the Zacks Consensus Estimate of a loss of $0.48. This compares to a loss of $0.33 per share a year ago.