Cleveland-Cliffs Inc. (CLF) has released its preliminary fourth-quarter and full-year 2024 financial results. On Nov. 1, 2024, the company closed the acquisition of Stelco Holdings Inc. Due to the accounting integration linked with the transaction, only selected preliminary financial information is currently accessible, CLF noted. The company intends to release its comprehensive fourth-quarter and full-year 2024 earnings after the closing bell on Feb. 24, 2025. The financial results expectations include Ste ...

Cleveland-Cliffs Inc. (CLF) shares have lost 33.6% in the past six months, underperforming the Zacks Mining – Miscellaneous industry’s decline of 7.2%. The bearishness is partly due to the underlying challenges in the steel industry as reflected by the significant retreat in U.S. steel prices due to a combination of demand slowdown and oversupply, which have triggered a downward revision in CLF’s earnings estimates.CLF is currently trading at a roughly 56% discount to its 52-week high of $22.97 reached on A ...

GERMANY - 2025/01/08: In this photo illustration, the United States Steel Corporation (U.S. Steel) ... [+] logo seen displayed on a monitor. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesUnited States Steel stock has dropped almost 25% in the last one year, compared to the S&P500 index which has gained 24% during the same time. U.S. Steel’s stock price movement is aligned to that of its peers, including Cleveland Cliffs (NYSE: CLF), wh ...

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.Shares of this mining company have returned +7.3% over the past month versus the Zacks S&P 500 composite's -3.3% change. The Zacks Mining - Miscellaneous industry, to which Cleveland-Cliffs belongs, has lost 4% over this period. Now the key question is: Where could the stock be headed in the nea ...

In the latest market close, Cleveland-Cliffs (CLF) reached $10.24, with a +0.2% movement compared to the previous day. The stock's change was less than the S&P 500's daily gain of 1.83%. Meanwhile, the Dow experienced a rise of 1.65%, and the technology-dominated Nasdaq saw an increase of 2.45%.The the stock of mining company has risen by 3.34% in the past month, leading the Basic Materials sector's loss of 6.01% and the S&P 500's loss of 3.31%.Market participants will be closely following the financial res ...

Legal and Corporate Disputes - Cleveland-Cliffs CEO Lourenco Goncalves dismissed the lawsuit filed by U.S. Steel and Nippon Steel as a "shameless effort to scapegoat others for their self-inflicted disaster" [2] - U.S. Steel and Nippon Steel have sued Goncalves, Cleveland-Cliffs, and United Steelworkers President David McCall in federal court, alleging coordinated actions to prevent the deal [1] Strategic Moves and Market Reactions - Cleveland-Cliffs CEO Lourenco Goncalves announced a plan to buy U.S. Steel, emphasizing an "all-American solution" focused on workers and people [3] - Cleveland-Cliffs is partnering with Nucor in a potential bid for U.S. Steel, following President Joe Biden's decision to block the sale to Nippon Steel due to national security concerns [3] - Shares of U.S. Steel and Cleveland-Cliffs rose approximately 6% each, while Nucor shares increased by 4% on Monday following the news of a potential offer [4] Geopolitical and Industry Criticism - Goncalves criticized Japan as "evil," accusing the country of teaching China how to dump steel on the U.S. market, overproduce, and create overcapacity [5] - Goncalves challenged Japanese Prime Minister Shigeru Ishiba to address concerns about the blocked acquisition of U.S. Steel with the incoming U.S. administration [5]

Stock Performance - Cleveland-Cliffs (CLF) closed at $10 05, marking a +1 52% increase from the prior day [1] - The stock outperformed the S&P 500, which lost 1 11%, while the Dow lost 0 42% and the Nasdaq lost 1 89% [1] - Over the last month, CLF shares decreased by 19 38%, underperforming the Basic Materials sector's loss of 10 34% and the S&P 500's loss of 1 7% [1] Earnings and Revenue Expectations - The company is expected to report an EPS of -$0 50, down 900% from the prior-year quarter [2] - Revenue is projected at $4 37 billion, down 14 49% year-over-year [2] Analyst Estimates and Revisions - Recent adjustments to analyst estimates reflect short-term business dynamics, with positive revisions indicating optimism about the company's outlook [3] - Estimate changes are directly linked to near-term stock price performance [4] - The Zacks Consensus EPS estimate has moved 39 29% lower over the past month [5] Valuation Metrics - Cleveland-Cliffs has a Forward P/E ratio of 81 53, significantly higher than the industry average of 13 08 [6] - The company's PEG ratio is 11 34, compared to the industry average of 3 77 [6] Industry Overview - The Mining - Miscellaneous industry, part of the Basic Materials sector, has a Zacks Industry Rank of 86, placing it in the top 35% of all industries [7] - The top 50% of industries outperform the bottom half by a factor of 2 to 1 [7]

GLJ Research analyst Gordon L. Johnson II upgraded Cleveland-Cliffs Inc. CLF to Buy from Sell rating with a price forecast of $14.27.The analyst notes the U.S. economy is in worse shape than many acknowledge. With Donald Trump set to take office on January 20, 2025, and his pro-tariff policies likely impacting sectors like steel, the analyst foresee a potential rise in U.S. HRC prices in the near term.In particular, the analyst says that following Trump’s win (November 2016), and Joe Biden’s win (November 2 ...

Global mining firms face significant uncertainty heading into 2025. Ongoing geopolitical turmoil has been both a help and a hindrance—at times it has driven investors toward safe haven assets like precious metals, but it also makes operations for many mining firms more challenging. The prospect of the second Trump administration's policies is also a major question mark. On one hand, tariffs could have a severely negative impact on the industry; on the other, analysts have speculated that a more favorable pe ...

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:ClevelandCliffs (CLF) is the largest producer of iron ore pellets in North America. The Zacks Consensus Estimate for its current year earnings has been revised almost 84.6% downward over the last 60 days.89BIO (ETNB) is clinical-stage biopharmaceutical company which is focused on the development and commercialization of therapies for the treatment of liver and cardio-metabolic diseases. The Zacks Consensus Estimate for its current yea ...