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.
Earnings take a back seat in Cleveland-Cliffs' third- quarter report: the steel maker desires to get into rare earths mining.
Cleveland-Cliffs posted higher third-quarter revenue and said demand for U.S.-produced steel was rising due to the Trump administration's tariffs.
Cleveland-Cliffs (NYSE: CLF) is scheduled to announce its earnings on Tuesday, October 21, 2025. We anticipate the company will reveal quarterly revenues close to $5.2 billion, propelled by rising steel prices and increased shipment volumes.
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 (CLF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
In the most recent trading session, Cleveland-Cliffs (CLF) closed at $12.81, indicating a +1.34% shift from the previous trading day.
Many investors see U.S. trade tariffs as a hurdle to business growth; however, some are benefiting domestic firms in the basic materials sector. These tariffs boost local production and support a broader onshoring trend.
Cleveland-Cliffs (CLF) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Cleveland-Cliffs (CLF) closed at $12.2 in the latest trading session, marking a -4.98% move from the prior day.