The latest announcement is out from Cleveland-Cliffs ( (CLF) ).
Cleveland-Cliffs reported its first-quarter 2025 financial results, revealing a consolidated revenue of $4.6 billion but a GAAP net loss of $483 million. The company has decided to idle six facilities between March and May 2025 to optimize its operations, which is expected to save over $300 million annually. These strategic changes aim to enhance productivity and reduce losses, without impacting the production of flat-rolled steel.
Spark’s Take on CLF Stock
According to Spark, TipRanks’ AI Analyst, CLF is a Neutral.
Cleveland-Cliffs’ overall score reflects significant financial struggles, particularly in profitability and cash flow, compounded by technical weaknesses. While future guidance suggests potential improvement, the stock currently faces substantial risks. The score is slightly supported by strategic initiatives and external factors like tariffs, but immediate challenges remain pressing.
To see Spark’s full report on CLF stock, click here.
More about Cleveland-Cliffs
Cleveland-Cliffs Inc. is a major player in the steel industry, primarily engaged in producing flat-rolled steel products. The company focuses on optimizing its operations and market positioning within the steel sector.
Average Trading Volume: 22,020,383
Technical Sentiment Signal: Sell
Current Market Cap: $4.26B
For detailed information about CLF stock, go to TipRanks’ Stock Analysis page.