The most recent trading session ended with Cleveland-Cliffs (CLF) standing at $16.94, reflecting a +0.18% shift from the previouse trading day's closing. This move outpaced the S&P 500's daily gain of 0.03%. Elsewhere, the Dow lost 0.56%, while the tech-heavy Nasdaq added 0.59%.Coming into today, shares of the mining company had lost 6.37% in the past month. In that same time, the Basic Materials sector gained 2.94%, while the S&P 500 gained 4.19%.The investment community will be paying close attention to t ...

Cleveland-Cliffs (CLF) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this mining company have returned -26.9% over the past month versus the Zacks S&P 500 composite's -4.2% change. The Zacks Mining - Miscellaneous industry, to which Cleveland-Cliffs belongs, has lost 0.5% over this period. Now the key question is: Where could the stock be headed in the near term?Whil ...

Loading...Loading...The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies.The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro.Here's the latest list of major ...

FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 | Title of each class | Trading Symbol(s) | Name of each exchange on which registered | | --- | --- | --- | | Common shares, par value $0.125 per share | CLF | New York Stock Exchange | | Indicate by check mark whether the registrant (1) has filed all reports required to be f ...

Monty Rakusen/DigitalVision via Getty ImagesCleveland-Cliffs (NYSE:CLF) reported a relatively mundane q1’24 as the firm faces some headwinds and geopolitical pressure in the steel markets. As the domestic market gyrates between automotive OEM production and service center orders, China is drawing down steel inventory in an attempt to normalize localized steel prices by selling internationally. Though I anticipate this to have minimal impact on Cleveland-Cliffs’ long-term steel sales premiums through the ...

Cleveland-Cliffs Inc. (CLF) reported a net loss of $53 million or 14 cents per share in the first quarter of 2024, compared with a loss of $42 million or 11 cents a year ago.Adjusted earnings were 18 cents per share against a loss of 11 cents in the same quarter of the previous year. The figure fell short of the Zacks Consensus Estimate of 19 cents.Revenues dropped around 1.8% from the year-ago quarter’s levels to $5,199 million. The top line missed the Zacks Consensus Estimate of $5,293.6 million. Operatio ...

Earnings disappointed, but looking under the hood, the sell-off could be an opportunity.Shares of steelmaker Cleveland-Cliffs (CLF -9.83%) were falling hard in Tuesday trading, down 9.7% as of 2:10 p.m. ET.Investors apparently took exception with Cliffs missing on revenues and earnings per share in its first-quarter results, which were reported last night. However, the miss appears to be due to an unusual issue with one of Cliffs' customer segments, which appears to have been resolved at the end of the quar ...

Cleveland-Cliffs Inc. (NYSE:CLF) Q1 2024 Earnings Conference Call April 23, 2024 8:30 AM ET Company Participants Celso Goncalves - Executive Vice President & Chief Financial Officer Lourenco Goncalves - Chairman, President & Chief Executive Officer Conference Call Participants Lucas Pipes - B. Riley Securities Bill Peterson - JPMorgan Phil Gibbs - KeyBanc Capital Markets Alex Hacking - Citi Tristan Gresser - BNP Parabas Lawson Winder - Bank of America Operator Good morning, ladies and gentlemen. My name is ...

First-Quarter 2024 Earnings Presentation © 2024 Cleveland-Cliffs Inc. All Rights Reserved. FORWARD-LOOKING STATEMENTS This presentation contains statements that constitute "forward-looking statements" within the meaning of the federal securities laws. All statements other than historical facts, including, without limitation, statements regarding our current expectations, estimates and projections about our industry or our businesses, are forward-looking statements. We caution investors that any forward-look ...

Cleveland-Cliffs (CLF) came out with quarterly earnings of $0.18 per share, missing the Zacks Consensus Estimate of $0.19 per share. This compares to loss of $0.11 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -5.26%. A quarter ago, it was expected that this mining company would post a loss of $0.07 per share when it actually produced a loss of $0.05, delivering a surprise of 28.57%.Over the last four quarters, the company h ...