Cleveland-Cliffs (CLF) closed the most recent trading day at $18.27, moving +1.22% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.08%. On the other hand, the Dow registered a loss of 0.26%, and the technology-centric Nasdaq increased by 0.36%.Prior to today's trading, shares of the mining company had lost 13.47% over the past month. This has lagged the Basic Materials sector's loss of 6.84% and the S&P 500's gain of 2.4% in that time.Analysts and investors alike will be ...

In its upcoming report, Cleveland-Cliffs (CLF) is predicted by Wall Street analysts to post quarterly loss of $0.07 per share, reflecting an increase of 76.7% compared to the same period last year. Revenues are forecasted to be $5.16 billion, representing a year-over-year increase of 2.3%.The consensus EPS estimate for the quarter has been revised 69.2% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates d ...

Cleveland-Cliffs Inc. (CLF) is slated to release fourth-quarter 2023 results after the closing bell on Jan 29.The company beat the Zacks Consensus Estimate for earnings in three of the last four quarters, while posted in-line result once. It has a trailing four-quarter earnings surprise of roughly 19.9%, on average.Cleveland-Cliffs is likely to have gained from healthy overall volumes and lower steelmaking unit costs in the fourth quarter. However, weaker selling prices are likely to have hurt its margins.T ...

The shares of Cleveland-Cliffs Inc (NYSE:CLF) are already down 12.1% since the start of the year. The equity has only closed higher three days this January, though checking off a fourth today if gains hold. At last glance, CLF was up 1.2% at $17.94, and potentially poised for a rebound. According to Schaeffer's Senior Quantitative Analyst Rocky White, the recent pullback has CLF within one standard deviation of its 260-day moving average for the second time in the last three years. The stock was 14.6% highe ...

The market expects Cleveland-Cliffs (CLF) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on January 29, 2024, might help the stock move higher if these key numb ...

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) today applauded the Department of Commerce’s Final Antidumping and Countervailing Determinations on tin mill products from several trade partners responsible for unfair trade. In January 2023, Cleveland-Cliffs and the United Steelworkers jointly filed an antidumping and countervailing duty trade case alleging that a surge of dumped and subsidized tin mill product imports had materially injured Cleveland-Cliffs’ Weirton operation and its USW workf ...

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) will announce its full-year and fourth-quarter 2023 earnings results after the U.S. market close on Monday, January 29, 2024. The Company invites interested parties to listen to a live broadcast of a conference call with securities analysts and institutional investors to discuss the results on Tuesday, January 30, 2024, at 8:30 am ET. The call can be accessed at www.clevelandcliffs.com and will also be archived and available for replay at that a ...

Cleveland-Cliffs (CLF -2.60%) failed to capture its long-pursued merger target, but investors seem to prefer the company's plan B. Shares of Cleveland-Cliffs gained 19% in December, according to data provided by S&P Global Market Intelligence, after the company said it was refocusing its capital toward stock buybacks instead of dealmaking.The one that got awayYou don't often associate the steel industry with high drama, but last summer Cleveland-Cliffs put rival U.S. Steel (NYSE: X) in play with an offer th ...

Matteo Colombo Introduction A Happy New Year, everyone! In the first days of 2024, I want to discuss a stock I started covering during the 2014/2015 commodity crash and manufacturing recession. As the title of this article already gave away, that company is Cleveland-Cliffs (NYSE:CLF). When I started covering the company, it was named Cliffs Natural Resources and very different from the current company. My most recent coverage of the stock was on November 19, when I wrote an article titled "Steel Perfection ...

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs (NYSE: CLF) announced today that it has appointed renowned private equity executive, labor and political advisor Ron Bloom to its Board of Directors, effective immediately. With the addition of Mr. Bloom, the Cleveland-Cliffs’ Board of Directors is now comprised of eleven members, of which ten are independent directors. After graduating with Distinction from the Harvard Business School, Ron Bloom started his career as an investment banker at Lazard, a firm he la ...