JHVEPhoto My Thesis You are now reading my 15th article on Cleveland-Cliffs Inc. (NYSE:CLF) stock, which has been in a recovery trend since last September, but is still underperforming the S&P 500 Index (SP500) (SPX) when we look at the last 3 years: Seeking Alpha, Oakoff's coverage of CLFData by YCharts Despite the medium-term underperformance, which is more likely due to the cyclical nature of the company's industry, I still consider CLF to be one of the most promising companies in its niche. Despite CLF' ...

Cleveland-Cliffs (CLF) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this mining company have returned +6.8%, compared to the Zacks S&P 500 composite's +3.2% change. During this period, the Zacks Mining - Miscellaneous industry, which Cleveland-Cliffs falls in, has lost 2.2%. The key question now is: What could be the stock's future ...

Company Overview - Cleveland-Cliffs (CLF) closed at $20.47, reflecting a -0.29% change from the previous day, underperforming the S&P 500's gain of 1.12% [1] - Over the past month, CLF shares increased by 4.91%, which is below the Basic Materials sector's gain of 5.41% but above the S&P 500's gain of 2.06% [1] Earnings Projections - The upcoming earnings release is anticipated to show earnings of $0.34 per share, indicating a year-over-year growth of 409.09% [1] - Revenue is projected to be $5.29 billion, reflecting a 0.14% decline compared to the same quarter last year [1] - Full-year estimates predict earnings of $2.05 per share and revenue of $21.57 billion, representing year-over-year changes of +91.59% and -1.95%, respectively [2] Analyst Estimates and Stock Performance - Recent modifications to analyst estimates indicate changing business trends, with positive revisions suggesting optimism about the company's profitability [2] - The Zacks Consensus EPS estimate has decreased by 8.42% in the past month, and CLF currently holds a Zacks Rank of 3 (Hold) [3] Valuation Metrics - Cleveland-Cliffs has a Forward P/E ratio of 10.03, which is lower than the industry average of 16.58, indicating it is trading at a discount [3] - The company has a PEG ratio of 0.64, significantly below the Mining - Miscellaneous industry's average PEG ratio of 3.19 [3] Industry Context - The Mining - Miscellaneous industry is part of the Basic Materials sector and currently holds a Zacks Industry Rank of 160, placing it in the bottom 37% of all industries [4] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [4]

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) today announced that it is increasing current spot market base prices for all carbon hot rolled, cold rolled and coated steel products, effective immediately with all new orders. Cliffs’ minimum base price for hot rolled steel is now $840 per net ton. About Cleveland-Cliffs Inc. Cleveland-Cliffs is the largest flat-rolled steel producer in North America. Founded in 1847 as a mine operator, Cliffs also is the largest manufacturer of iron ore pel ...

Cleveland-Cliffs Inc. (CLF) announced that it has upsized and priced $825 million, a total principal amount of senior unsecured guaranteed notes due 2032, in an offering exempt from the Securities Act of 1933's registration requirements.The Notes will bear an annual interest rate of 7.000% and will be issued at par. Except for certain excluded subsidiaries, the company's substantial direct and indirect wholly-owned domestic subsidiaries will provide a senior unsecured guarantee for the Notes. The offering i ...

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it has upsized and priced $825 million aggregate principal amount of senior unsecured guaranteed notes due 2032 (the “Notes”) in an offering that is exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”). The Notes will bear interest at an annual rate of 7.000% and will be issued at par. The Notes will be guaranteed on a senior unsecured basis by the Company’s material direct and indire ...

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today the commencement of a tender offer to purchase (the “Tender Offer”), subject to certain terms and conditions, any and all of its outstanding 6.750% Senior Secured Notes due 2026 (the “Notes”), at the price set forth below. The Tender Offer is scheduled to expire at 5:00 p.m., New York City time, on March 13, 2024 (the “Expiration Time”), unless extended or earlier terminated by the Company. The Tender Offer is being made pursuant ...

The most recent trading session ended with Cleveland-Cliffs (CLF) standing at $20.30, reflecting a -1.98% shift from the previouse trading day's closing. This change lagged the S&P 500's daily loss of 0.17%. At the same time, the Dow lost 0.06%, and the tech-heavy Nasdaq lost 0.55%.Heading into today, shares of the mining company had gained 2.88% over the past month, outpacing the Basic Materials sector's loss of 0.03% and lagging the S&P 500's gain of 3.98% in that time.Market participants will be closely ...

A month has gone by since the last earnings report for Cleveland-Cliffs (CLF) . Shares have added about 2.9% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Cleveland-Cliffs due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Cleveland-Cliffs' Q4 Earnings Beat, Reve ...

Cleveland-Cliffs (CLF) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this mining company have returned +2.9%, compared to the Zacks S&P 500 composite's +4% change. During this period, the Zacks Mining - Miscellaneous industry, which Cleveland-Cliffs falls in, has lost 7.3%. The key question now is: What could be the stock's future direction?While media ...