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.
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.