5 Reasons To Buy Cleveland-Cliffs [Seeking Alpha]
Cleveland-Cliffs Inc. (CLF)
Last cleveland-cliffs inc. earnings: 2/20 07:00 am
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US:NYSE Investor Relations:
clevelandcliffs.com/investors/overview/default.aspx
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Source: Seeking Alpha
5 Reasons To Buy Cleveland-Cliffs Cleveland-Cliffs CLF There are five reasons to buy CLF stock. 1. Strong First-Quarter Results reported Looking ahead, the company forecasts mining and pelletizing sales of 5 million long tons in the second quarter, up from 1.6 million in Q1. This increase is due to locks now open. For the year, Cliffs expects sales of 20 million long tons. Realized prices will also increase in the next three quarters, up from the $94 pellet price per realization in the first quarter. It now believes the revenue will land in the range of $111-116 per long ton. 2. Controlled Spending Cliffs’ $555 million in capital spending will not change for the year. Peak spending on HBI and the final year of spending for the North Shore DR upgrade project follows with a 50% drop in spending next year. By 2021, annual spending of $100 million will result in sharply higher profit margins. 3. Share Buyback Management signaled its confidence in the company’s prospects by authorizing a $
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CLF
News
- Cleveland-Cliffs: Q1 Dip Provides Great Discount [Seeking Alpha]Seeking Alpha
- Cleveland-Cliffs Is A Long-Term Growth Strategy [Seeking Alpha]Seeking Alpha
- Cleveland-Cliffs (CLF) Earnings & Revenues Lag Estimates in Q1 [Yahoo! Finance]Yahoo! Finance
- Cleveland-Cliffs Inc. (NYSE: CLF) had its price target lowered by analysts at JPMorgan Chase & Co. from $24.00 to $23.00. They now have an "overweight" rating on the stock.MarketBeat
- Why Cleveland-Cliffs Plunged on Tuesday [Yahoo! Finance]Yahoo! Finance
CLF
Earnings
- 4/22/24 - Miss
CLF
Sec Filings
- 4/25/24 - Form 10-Q
- 4/22/24 - Form 8-K
- 4/5/24 - Form 8-K
- CLF's page on the SEC website