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Public Employees Retirement System of Ohio purchased a new stake in Cleveland-Cliffs Inc. (NYSE: CLF) during the undefined quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 161,338 shares of the mining company's stock, valued at approximately $1,515,000. A number of other hedge
In the closing of the recent trading day, Cleveland-Cliffs (CLF) stood at $12.28, denoting a -1.13% move from the preceding trading day.
Cleveland-Cliffs is North America's largest flat-rolled steel producer, trading at a discount despite recent EBITDA growth and strong automotive contracts. CLF's upside case hinges on contract resets and undisclosed Stelco earnings, but consensus may overstate 2027 FCF by crediting unproven contributions. Management prioritizes deleveraging over capital returns, with buybacks on hold and all free cash flow directed to reducing leverage below 2.5x.
Cleveland-Cliffs (CLF) is upgraded to a small Buy, capitalizing on improved fundamentals and a disconnect between price and operational progress. CLF's Q2 EBITDA tripled sequentially, FCF turned positive, and Q3 guidance doubled, yet the market undervalues its domestic exposure and recovery momentum. Tariff risks and auto sector reliance weigh on CLF, but 85% of its business benefits from a tight U.S. steel market, offering substantial upside if prices remain elevated.
Tariffs are dominating the headlines again, and that means more rhetoric about inflation, supply chain disruptions, and margin compressions. All of that can be bearish for some stocks.
Cleveland-Cliffs (CLF) closed the most recent trading day at $11.52, moving +1.95% from the previous trading session.
BlackRock Inc. acquired a new stake in Cleveland-Cliffs Inc. (NYSE: CLF) during the undefined quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 55,672,638 shares of the mining company's stock, valued at approximately $522,766,000. BlackRock Inc. owned about 9.76% of Cleveland-Cliffs at
Shares of major US steel and aluminum producers rose Monday as investors reassessed the implications of the breakdown in US-Canada trade negotiations. Nucor NUE gained about 4%, while Steel Dynamics also rose roughly 4%.