UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE ☐ SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-8944 CLEVELAND-CLIFFS INC. (Exact name of registrant as specified in its charter) Ohio 34-1464672 (State or Other Jurisdiction of (I.R.S. Employe ...

Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead ...

Cleveland-Cliffs (CLF) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company.The upward trend in estimate revisions for this mining company reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between ...

Cleveland-Cliffs Inc. (NYSE:CLF) Q4 2023 Earnings Conference Call January 30, 2024 8:30 AM ET Company Participants Celso Goncalves - Executive Vice President and Chief Financial Officer Lourenco Goncalves - Chairman, President, and Chief Executive Officer Conference Call Participants Lucas Pipes - B. Riley Securities Timna Tanners - Wolfe Research Tristan Gresser - BNP Paribas Exane Bill Peterson - J.P. Morgan Alex Hacking - Citi Operator Good morning, ladies and gentlemen. My name is Mellisa, and I am your ...

Cleveland-Cliffs Inc.’s (CLF) fourth-quarter 2023 adjusted loss was 5 cents per share compared with a loss of 40 cents in the prior-year quarter. It was narrower than the Zacks Consensus Estimate of loss of 7 cents.Revenues increased around 1.3% to $5,112 million from the year-ago quarter. The top line, however, missed the Zacks Consensus Estimate of $5,161.9 million.Operational HighlightsThe company reported Steelmaking revenues of $4,954 million in the fourth quarter, up around 1.1% year over year.The ave ...

Cleveland-Cliffs (CLF) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of a loss of $0.07. This compares to loss of $0.30 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 28.57%. A quarter ago, it was expected that this mining company would post earnings of $0.44 per share when it actually produced earnings of $0.54, delivering a surprise of 22.73%.Over the last four quarters, the company h ...

Cleveland-Cliffs Inc (NYSE: CLF) is trading down in extended hours on Monday after reporting weaker-than-expected revenue for its fourth financial quarter.Cleveland-Cliffs guidance for fiscal 2024Copy link to sectionThe iron-ore and steel making company now forecasts $675 million to $725 million in capital expenditures for fiscal 2024. Despite coming in shy of revenue expectations in the recently concluded quarter, Cleveland-Cliffs is confident that its adjusted EBITDA will improve sequentially in Q1. Loure ...

Cleveland-Cliffs Inc. (CLF) announced the successful completion of a hydrogen (H2) injection trial at its Indiana Harbor #7 blast furnace, marking a milestone in North American steel production. Following the successful trial at Middletown Works in May 2023, this represents the second Cleveland-Cliffs blast furnace to integrate hydrogen as a reductant and fuel source.Indiana Harbor #7 stands as one of the largest blast furnaces globally and the largest in North America, renowned for its size and production ...

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it has successfully completed a hydrogen (H2) injection trial at its Indiana Harbor #7 blast furnace, the largest blast furnace in North America. This represents the second Cleveland-Cliffs blast furnace to utilize hydrogen as a reductant and fuel source, following the successful trial at Middletown Works in May of 2023. Indiana Harbor #7 is among the largest blast furnaces in the entire world, both in size and production cap ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they beli ...