Cleveland-Cliffs Inc. ($CLF) Stock Forecast: Up 6.6% Today

What is Cleveland-Cliffs Inc.?

Cleveland-Cliffs Inc. (CLF) is a mining and natural resources company that produces iron ore pellets in North America. Today, the stock had a strong bullish movement in the market.

Why is Cleveland-Cliffs Inc. going up?

CLF stock is up 6.6% on Jan 13, 2025 20:43

• Cleveland-Cliffs partnering with Nucor to potentially acquire United States Steel has generated positive investor sentiment and excitement in the market.
• The potential bid for U.S. Steel, especially after the recent White House block of its takeover by Nippon Steel, has fueled optimism around Cleveland-Cliffs' growth prospects.
• Analysts upgrading Cleveland-Cliffs stock and forecasting a price rebound, coupled with the overall positive market sentiment towards the company, have contributed to the bullish movement in CLF shares today.

CLF Price Chart

CLF Technical Analysis

CLF News

What's Going On With United States Steel Shares Monday? - United States Steel ( NYSE:X )

Cleveland-Cliffs and Nucor will reportedly make a bid to acquire United States Steel. Get Real-Time News and Alerts for Your Portfolio United States Steel Corp. X stock is trading higher Monday following a report that Cleveland-Cliffs Inc. CLF will partner with Nucor Corp.

https://www.benzinga.com/trading-ideas/movers/25/01/42959459/whats-going-on-with-united-states-steel-shares-monday

Cleveland-Cliffs partnering with Nucor on potential bid for U.S. Steel, sources say

This is a developing story. Check back for updates. Cleveland Cliffs is partnering with rival Nucor in a potential bid for U.S. Steel, whose takeover by Japan's Nippon Steel was just blocked by the White House earlier this month, sources tell CNBC's David Faber. Cleveland-Cliffs would purchase ...

https://www.cnbc.com/2025/01/13/cleveland-cliffs-partnering-with-nucor-on-potential-bid-for-us-steel-sources-say.html

Why the Market Dipped But Cleveland-Cliffs ( CLF ) Gained Today

Cleveland-Cliffs (CLF) concluded the recent trading session at $10.05, signifying a +1.52% move from its prior day's close.

https://www.zacks.com/stock/news/2393326/why-the-market-dipped-but-cleveland-cliffs-clf-gained-today

Analyst Sees US Steel Price Rebound Under Trump's Pro-Tariff Stance, Upgrades Cleveland-Cliffs Stock - Cleveland-Cliffs ( NYSE:CLF )

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.

https://www.benzinga.com/25/01/42858770/cleveland-cliffs-upgraded-to-buy-analyst-eyes-us-steel-price-rebound-in-2025

MP Materials ( MP ) Moves 12.4% Higher: Will This Strength Last?

MP Materials (MP) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.

https://www.zacks.com/stock/news/2392670/mp-materials-mp-moves-124-higher-will-this-strength-last

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Cleveland-Cliffs Inc. Price History

06.00.2025 - CLF Stock was up 4.4%

• CLF experienced a strong bullish movement despite the overall market slip.
• The bullish momentum could be attributed to Cleveland-Cliffs CEO's accurate prediction of Biden blocking Nippon Steel's acquisition of US Steel, showcasing strong leadership and foresight in the industry.
• Positive sentiment towards other stocks like Home Depot, as endorsed by Jim Cramer, might have influenced investor sentiment towards CLF, leading to increased buying interest.
• The recent decision impacting the steel industry could have created a positive outlook for CLF's position in the market, driving the stock price higher.

05.11.2024 - CLF Stock was down 5.5%

• Today's downward trend in CLF's stock price is likely due to investors seizing profits following a recent surge.
• Despite a strong earnings performance a month ago, shifting market sentiments regarding future growth or broader economic conditions may be impacting the stock.
• The current market volatility and sector realignments could be prompting investors to reconsider their positions in CLF.
• Technical factors, such as breaching key support levels, are potentially leading to trader sell-offs and contributing to the stock's decline.

07.00.2025 - CLF Stock was up 5.8%

• Cleveland-Cliffs (CLF) experienced a strong bullish movement.
• The surge in CLF's shares was influenced by higher trading volume and positive earnings estimate revisions.
• Lawsuits filed by US Steel and Nippon Steel against the Biden administration may have indirectly benefited CLF as it is seen as a more stable investment option.
• CEO Lourenco Goncalves' accurate prediction of a blocked $14.9 billion deal months before it happened could have boosted investor confidence in the company's leadership and strategic foresight, contributing to the bullish momentum in CLF.

03.00.2025 - CLF Stock was down 2.2%

• Despite recent positive movement in the market, Cleveland-Cliffs (CLF) saw a significant decline in stock value today.
• Concerns about President Joe Biden's pending decision on Nippon Steel's acquisition of United States Steel Corp. are believed to have adversely impacted CLF's stock.
• The general market downturn likely also played a role in CLF's stock decline today.
• Investors appear wary of potential consequences of foreign ownership in the U.S. steel industry, leading to a sell-off of CLF shares.

06.10.2024 - CLF Stock was up 20.1%

• Despite Cleveland-Cliffs' Q3 earnings and revenues missing estimates, the stock experienced a strong bullish movement.
• The market might have reacted positively due to potential optimism surrounding future automotive adjustments and the integration of Stelco.
• Investors could be focusing on the fact that the stock closed the most recent trading day with a -1.59% movement, potentially seeing this as a buying opportunity after the recent dip.
• Overall, the bullish movement in CLF's stock today could be attributed to investors looking beyond the Q3 shortfall and focusing on the company's future prospects and potential growth opportunities.

31.11.2024 - CLF Stock was up 5.2%

• The bullish movement in CLF today can be attributed to the following factors:
• CLF closed with a 0.65% increase despite the overall market dip, showing relative strength.
• The resilience of CLF might stem from positive developments within the mining sector or specific company news that boosted investor confidence.
• Investors could see CLF as a secure investment or a promising opportunity amid market instability, resulting in increased buying activity and a rise in the stock price.

08.00.2025 - CLF Stock was down 6.3%

• CLF stock witnessed a bearish trend, despite receiving an analyst upgrade and optimistic price projections.
• Concerns stemming from a legal dispute involving US Steel and Nippon Steel against the Biden administration, with implications for Cleveland-Cliffs, potentially contributed to market uncertainty and a negative investor sentiment.
• The broader market downturn likely influenced CLF's bearish performance, overshadowing any positive developments or analyst upgrades.
• Today's decline in CLF's stock price may also have been driven by profit-taking activities by investors following a recent surge in the stock's valuation.

05.10.2024 - CLF Stock was down 10.6%

• Reported weaker than expected third-quarter results, with revenue of $4.57 billion missing estimates of $4.77 billion.
• The adjusted loss per share of $0.33 was higher than the estimated loss of $0.27, indicating financial underperformance.
• The stock price declined by 1.59% following the disappointing earnings report, reflecting investor concerns about weaker demand and pricing in the industry.
• The market reaction suggests that investors are awaiting insights on the integration of Stelco and how the company plans to address challenges in the automotive sector.

05.10.2024 - CLF Stock was down 11.1%

• Q3 earnings for Cleveland-Cliffs (CLF) fell below revenue and EPS expectations due to subdued demand and pricing, causing a decline in the stock.
• The stock ended the trading day down 1.59%, reflecting investor response to the unsatisfactory financial performance.
• Wall Street's projections for Cleveland-Cliffs (CLF) worsened, reflecting apprehensions about the company's outlook.
• Despite a marginal increase in stock price during the most recent trading session, negative market sentiment persisted for Cleveland-Cliffs (CLF) following the earnings shortfall and industry challenges.

19.11.2024 - CLF Stock was down 6.3%

• CLF stock experienced a significant decline today, closing at $9.89 with a -0.6% change compared to the previous close.
• Options trading data indicates that investors with substantial capital have taken a bearish stance on CLF.
• The bearish market sentiment towards CLF could be attributed to concerns about global demand for iron ore, potential supply chain disruptions, or overall market volatility impacting the mining sector.
• Investors may be reacting to macroeconomic factors or company-specific news that could be influencing the negative outlook on Cleveland-Cliffs.

13.00.2025 - CLF Stock was up 6.6%

• Cleveland-Cliffs partnering with Nucor to potentially acquire United States Steel has generated positive investor sentiment and excitement in the market.
• The potential bid for U.S. Steel, especially after the recent White House block of its takeover by Nippon Steel, has fueled optimism around Cleveland-Cliffs' growth prospects.
• Analysts upgrading Cleveland-Cliffs stock and forecasting a price rebound, coupled with the overall positive market sentiment towards the company, have contributed to the bullish movement in CLF shares today.

13.00.2025 - CLF Stock was up 5.5%

• Cleveland-Cliffs (CLF) closed at $10.05, up by +1.52% today, showing a strong bullish movement.
• Investor optimism in CLF's growth prospects increased following the partnership with Nucor for a potential bid for U.S. Steel.
• The positive market sentiment towards CLF was also influenced by analysts upgrading the stock due to expected U.S. steel price rebound under current tariff policies.
• Despite legal actions from US Steel and Nippon Steel, creating market uncertainty, Cleveland-Cliffs managed to outperform expectations amidst industry turbulence.