Cleveland-Cliffs (NYSE:CLF) stock is on the move Monday after the flat-rolled steel producer announced its acquisition of Stelco (OTCMKTS:STZHF) for C$3.4 billion.This will have Cleveland-Cliffs paying C$70 per share for the Canadian steel company. This represents an 87% premium of the stock’s closing price on Friday. Its also a 37% premium to its 52-week high.Cleveland-Cliffs chairman, president and CEO Lourenco Goncalves said the following about the purchase of Stelco.“Stelco is a company that respects th ...

The market expects Cleveland-Cliffs (CLF) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2024. 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 stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released ...

Cleveland-Cliffs Inc (NYSE:CLF) is acquiring Canadian steel company Stelco Holdings in a $2.5 billion deal, adding 1,800 United Steelworkers (USW) union employees to its workforce. Following the news, CLF is trading 2.2% lower before the opening bell. Coming off its third-straight weekly gain, Cleveland-Cliffs stock is on track to open below $16 after popping above the level on Friday for the first time since early June. The security is also on track to fall back below recently reclaimed support at its 40-d ...

Cleveland-Cliffs Inc. (CLF) shares have lost 23.1% in the past three months, significantly underperforming the Zacks Mining – Miscellaneous industry’s increase of 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 driven by a combination of demand slowdown and oversupply, which have triggered a downward revision in CLF’s earnings estimates.Technical indicators show that CLF has been trading below the 200-day simpl ...

The Cleveland-Cliffs steel plant in Riverdale on Feb. 17, 2023. Newly released data from the U.S. ... [+] Environmental Protection Agency show air pollution from Chicago and 120 of its suburbs contributes more to smog violations in other states than any other county. (E. Jason Wambsgans/Chicago Tribune/Tribune News Service via Getty Images)TNSCleveland-Cliffs, a vertically integrated steel mill operator, is poised to report its Q2 2024 results around July 23. We expect revenue to come in at $5.4 billion, ma ...

Cleveland-Cliffs (CLF) closed at $15.40 in the latest trading session, marking a +1.45% move from the prior day. The stock outpaced the S&P 500's daily gain of 1.02%. At the same time, the Dow added 1.09%, and the tech-heavy Nasdaq gained 1.18%.The mining company's stock has climbed by 0.33% in the past month, exceeding the Basic Materials sector's loss of 3.78% and lagging the S&P 500's gain of 4.44%.Analysts and investors alike will be keeping a close eye on the performance of Cleveland-Cliffs in its upco ...

Monty Rakusen/DigitalVision via Getty Images My Thesis I've been covering Cleveland-Cliffs Inc. (NYSE:CLF) stock since June 2021, and all along I've been bullish on the stock for many reasons. The last time - in March 2024 - I argued that CLF had some reasons for margin expansion in the medium term, being driven by strong management (in my opinion) that prioritized buybacks and debt reduction. I advocated for buying the stock, which seemed undervalued in light of its superior projected growth rates in F ...

Buying the dip is a strategy often associated with buy-and-hold investors. However, it’s also a good strategy for traders. Buying low and selling high is a tried-and-true strategy for banking profits. A dynamic combination that frequently creates a profitable trade comes from stocks at 52-week lows with insider buying. Investors frequently fear a drop in stock prices. Sometimes, that fear is justified. However, there are times when quality stocks simply become overvalued. When prices never go down, investor ...

The most recent trading session ended with Cleveland-Cliffs (CLF) standing at $14.45, reflecting a -1.97% shift from the previouse trading day's closing. This change lagged the S&P 500's daily gain of 0.09%. Elsewhere, the Dow saw a downswing of 0.1%, while the tech-heavy Nasdaq appreciated by 0.16%.The the stock of mining company has fallen by 12.83% in the past month, lagging the Basic Materials sector's loss of 3.97% and the S&P 500's gain of 2.83%.Analysts and investors alike will be keeping a close eye ...

In the latest market close, Cleveland-Cliffs (CLF) reached $14.74, with a -0.41% movement compared to the previous day. The stock's performance was behind the S&P 500's daily loss of 0.31%. Elsewhere, the Dow gained 0.67%, while the tech-heavy Nasdaq lost 1.09%.The mining company's stock has dropped by 12.48% in the past month, falling short of the Basic Materials sector's loss of 6.38% and the S&P 500's gain of 2.73%.Investors will be eagerly watching for the performance of Cleveland-Cliffs in its upcoming ...