Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Cleveland-Cliffs (CLF), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2024.
Cleveland-Cliffs (CLF) reachead $13.72 at the closing of the latest trading day, reflecting a +0.37% change compared to its last close.
CLF is expected to have benefited from lower steelmaking unit costs and healthy overall volumes amid headwinds from lower steel prices in Q3.
Cleveland-Cliffs, a vertically integrated steel mill operator, has seen its stock decline by more than 30% in the last six months. This fall has been primarily due to the adverse business conditions that the industry is going through.
Cleveland-Cliffs (CLF) reachead $13.46 at the closing of the latest trading day, reflecting a -1.32% change compared to its last close.
Cleveland-Cliffs (CLF) closed the most recent trading day at $12.88, moving -1.3% from the previous trading session.
In the closing of the recent trading day, Cleveland-Cliffs (CLF) stood at $12.85, denoting a +1.1% change from the preceding trading day.
Shares of Cleveland-Cliffs (CLF, Financial), North America's largest iron ore producer, fell by over 4%, trading at $12.46. The decline follows news that the company has passed the United States Department of Justice's antitrust review for its acquisition of Canadian steel company Stelco.
The latest trading day saw Cleveland-Cliffs (CLF) settling at $12.99, representing a +1.72% change from its previous close.
Cleveland-Cliffs (CLF) closed the most recent trading day at $12.25, moving -1.45% from the previous trading session.
Cleveland-Cliffs (CLF) closed the most recent trading day at $11.87, moving +0.85% from the previous trading session.
CLF remains optimistic about gaining final approvals and moving forward with its carbon-friendly, high-return project.