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Cleveland-Cliffs

Cleveland-Cliffs Inc is a flat-rolled steel producer and manufacturer of iron ore pellets in North America. It is organized into four operating segments based on differentiated products, Steelmaking, Tubular, Tooling and Stamping and European Operations, but operates through one reportable segment -Steelmaking. It is vertically integrated from mined raw materials, direct reduced iron, and ferrous scrap to primary steelmaking and downstream finishing, stamping, tooling and tubing. It serves a diverse range of other markets due to its comprehensive offering of flat-rolled steel products. Geographically, it operates in the United States, Canada and other countries. The majority of revenue is from the United States. It is a supplier of steel to the automotive industry in North America.

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Descubre los análisis de Jim Cramer sobre Home Depot, SoundHound, Hafnia y Cleveland-Cliffs, junto con sus últimas cifras clave.

Jim Cramer analiza acciones clave: Home Depot, SoundHound, Hafnia y Cleveland-Cliffs

Cleveland-Cliffs Inc

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CLIFFORD MDERN IVING HLD by CLIFFORD MODERN LIVING HLDGS LTD.

GLJ Research analyst Gordon L. Johnson II upgraded Cleveland-Cliffs Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>) to Buy from Sell rating with <a href="https://www.benzinga.com/quote/clf/analyst-ratings" target="_blank" rel="noreferrer noopener">a price forecast of $14.27</a>.
The analyst notes the U.S. economy is in worse shape than many acknowledge. With Donald Trump set to take office on January 20, 2025, and his pro-tariff policies likely impacting sectors like steel, the analyst foresee a potential rise in U.S. HRC prices in the near term.
In particular, the analyst says that following Trump&#8217;s win (November 2016), and Joe Biden&#8217;s win (November 2020), U.S. HRC spot prices rose by +25.5% and +65.9%, respectively, three months out. However, since Trump&#8217;s win on November 5, 2024, U.S. HRC spot prices have declined by 6.9%.
Also, the positive seasonality typically seen in the U.S. steel sector from January to April, and CLF&#8217;s stock performance in particular, raises the question: &#8220;Is now an opportune time to dip one&#8217;s feet back into the &#8216;long-U.S.-
steel-stocks pool&#8217;?&#8221; adds the analyst.
Notably, Johnson II states that from the month Trump was first elected to the month he lost to Biden, U.S. steel imports fell by a significant -51.1%, from 2.5 million tons to 1.2 million tons. This decline is often attributed to Trump&#8217;s pro-U.S. steel policies.
Incorporating Stelco&#8217;s additional tons into CLF&#8217;s 2025 estimated output, and assuming U.S. HRC prices rise to $900/ton in May 2025 before falling to $705/ton by July, the analyst estimate CLF&#8217;s 2025 aggregated steel price to be $1,055/ton, slightly higher than the consensus estimate of $1,050.22/ton.
For 2026, Johnson II forecast an average price of $1,068/ton, reflecting a +1.2% year-over-year increase, vs. the consensus estimate of $1,084.42/ton.
Consequently, the analyst project 2025 adjusted EBITDA and adjusted EPS of $945 million and -$0.56, respectively, vs. consensus estimates of $1.32 billion and -$0.09.
In 2026, the analyst expects adjusted EBITDA and adjusted EPS of $1.804 billion and $1.06, respectively, while the consensus estimates are $1.884 million and $0.69.
Investors can gain exposure to the stock via VanEck Steel ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLX#NYSE">SLX</a>) and SPDR S&amp;P Metals &amp; Mining ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XME#NYSE">XME</a>).
Price Action: CLF shares are up 1.26% at $10.03 at the last check Tuesday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/global/25/01/42825094/us-steel-nippon-steel-sue-biden-administration-cleveland-cliffs-union-in-response-to-blocked-merger" target="_blank" rel="noreferrer noopener">US Steel, Nippon Steel Sue Biden Administration, Cleveland-Cliffs, Union In Response To Blocked Merger</a></li>
</ul>
Photo by QinJin on Shutterstock.

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Analyst Sees US Steel Price Rebound Under Trump's Pro-Tariff Stance, Upgrades Cleveland-Cliffs Stock

GLJ Research analyst Gordon Johnson upgrades Cleveland-Cliffs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>) from Sell to Buy and announces $14.27 price target.

GLJ Research Upgrades Cleveland-Cliffs to Buy, Announces $14.27 Price Target

United States Steel Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) and Nippon Steel Corp. have filed lawsuits against the Biden administration in response to President Joe Biden&#8217;s blocking of the steelmakers&#8217; <a href="https://www.benzinga.com/trading-ideas/movers/25/01/42787508/biden-blocks-14-9b-us-steel-takeover-shares-plunge">$14.9 billion deal</a>.
What Happened: U.S. Steel and Nippon Steel filed multiple lawsuits on Monday in response to what the companies said is &#8220;wrongful interference&#8221; with Nippon&#8217;s proposed acquisition of U.S. Steel.
The companies are pushing to get the federal court to reconsider Biden&#8217;s decision so they can once again attempt to get the deal approved. U.S. Steel and Nippon Steel believe Biden&#8217;s decision was the result of a politically driven sham national security review, per Reuters.
U.S. Steel and Nippon Steel filed a lawsuit in the U.S. Court of Appeals for the District of Columbia Circuit alleging violation of the Constitutional guarantee of due process and statutory procedural requirements, as well as unlawful political influence.
The companies also filed a second lawsuit against Cleveland-Cliffs Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>), Cliffs&#8217; CEO Lourenco Goncalves and USW President David McCall for alleged illegal and coordinated actions aimed at preventing the transaction and attempting to undermine the companies ability to compete.
&#8220;Today&#8217;s legal actions demonstrate Nippon Steel&#8217;s and U. S. Steel&#8217;s continued commitment to completing the Transaction — despite political interference with the CFIUS process and the racketeering and monopolistic conspiracies of Cleveland-Cliffs and USW President David McCall — for the benefit of all stakeholders, including U. S. Steel&#8217;s shareholders, who will receive the agreed upon $55.00 per share upon the Transaction closing,&#8221; the companies said in a statement.
&#8220;We remain confident that the Transaction is the best path forward to secure the future of U. S. Steel — and we will vigorously defend our rights to achieve this objective.&#8221;
The lawsuit also names Janet Yellen, in her official capacity as secretary of the Treasury and chairperson of CFIUS, and Merrick Garland, in his official capacity as U.S. attorney general.
Benzinga reached out to the Justice Department, Cleveland-Cliffs and the USW for comment.
Check This Out: <a href="https://www.benzinga.com/markets/equities/25/01/42806543/cleveland-cliffs-ceo-predicted-bidens-block-149b-nippon-steel-us-steel-deal-months-before-action">Cleveland-Cliffs CEO Predicted Biden&#8217;s Block $14.9B Nippon Steel-US Steel Deal Months Before Action</a>
The proposed $14.9-billion takeover deal was announced at the end of 2023. Biden said last year that&nbsp;<a href="https://www.benzinga.com/news/24/07/39613777/amid-opposition-from-biden-and-workers-nippon-steel-vc-returns-to-discuss-us-steel-acquisition" target="_blank" rel="noreferrer noopener">it was "vital"</a>&nbsp;that U.S. Steel remained a domestically operated American steel company. The proposed acquisition had become a major topic of discussion leading up to the&nbsp;presidential election in November.&nbsp;
The companies alleged in the lawsuit that Biden was politically motivated to squash the deal to &#8220;curry favor with the USW leadership in Pennsylvania in his bid for reelection.&#8221;
&#8220;As a result of President Biden&#8217;s undue influence to advance his political agenda, the Committee on Foreign Investment in the United States failed to conduct a good faith, national security-focused regulatory review process,&#8221;&nbsp;the companies alleged.
President-elect Donald Trump has also opposed the deal, voicing that the company should remain American-owned. In a post on Truth Social on Monday, Trump indicated that U.S. Steel is poised to become a &#8220;much more profitable&#8221; company due to tariffs. 
Trump<a href="https://truthsocial.com/@realDonaldTrump/posts/113781647532063909"> said</a>, &#8220;Wouldn't it be nice to have U.S. Steel, once the greatest company in the World, lead the charge toward greatness again? It can all happen very quickly!&#8221;
U.S. Steel shares are down about 34% over the past year. The stock was up 4.73% at $31.91 at publication Monday, while Cleveland-Cliffs shares were up more than 4.42% at $9.92, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
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Photo: QinJin on Shutterstock.

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US Steel, Nippon Steel Sue Biden Administration, Cleveland-Cliffs, Union In Response To Blocked Merger

On CNBC's &#8220;Mad Money Lightning Round,&#8221; Jim Cramer said he likes The Home Depot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) and <a href="https://www.benzinga.com/quote/HD/earnings">recommended buying the stock.</a>
On Nov. 12, Home Depot beat its third-quarter earnings estimates and lifted its full-year 2024 outlook. HD reported third-quarter sales growth of 6.6% year-over-year to $40.217 billion, beating the consensus estimate of $39.173 billion.
&#8220;You got to ring the register on some of that,&#8221; Cramer said when asked about SoundHound AI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NASDAQ">SOUN</a>). &#8220;At this point, it is a short squeeze and a short squeeze only.&#8221;
On Dec. 23, HC Wainwright &amp; Co. analyst Scott Buck maintained SoundHound AI with a Buy and raised the price target from $8 to $26.
Hafnia Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAFN#NYSE">HAFN</a>) looks &#8220;so juicy. Those are stocks that you must avoid,&#8221; Cramer said.
On Nov. 27, Hafnia reported better-than-expected third-quarter financial results.
When asked about Cleveland-Cliffs Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>), he said, &#8220;The steel stocks are the worst stocks in the market. And I think that you could buy the stock, and if you're willing to take a point or two down, then I think it's ok. But you have to accept the fact that that's exactly what could occur.&#8221;
On Jan. 3, Cleveland-Cliffs named Jane M. Cronin to its Board of Directors, effective immediately.
Price Action:
<ul>
<li>SoundHound shares gained 2.3% to settle at $20.62 on Friday.</li>
<li>Hafnia shares fell 3% to close at $5.55 during the Friday session.</li>
<li>Home Depot shares gained 0.2% to settle at $389.18.</li>
<li>Cleveland-Cliffs shares fell 0.4% to settle at $9.50 on Friday.</li>
</ul>
Read Next: 
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<li><a href="https://www.benzinga.com/analyst-ratings/price-target/25/01/42791037/delta-air-lines-earnings-are-imminent-these-most-accurate-analysts-revise-forecasts-ahead-of-earnings-call">Delta Air Lines Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call</a></li>
</ul>
Photo by s_bukley on Shutterstock.

Cramer: 'At This Point,' SoundHound AI Rally 'Is A Short Squeeze'

First lawsuit filed in U.S. Court of Appeals for the District of Columbia Circuit challenging violation of the Constitutional guarantee of due process and statutory procedural requirements, as well as unlawful political influence, and asking the court to set aside the CFIUS review process and President Biden's blocking order Second lawsuit filed in U.S. District Court for the Western District of Pennsylvania against Cleveland-Cliffs, Cliffs' CEO Lourenco Goncalves, and USW President David McCall for their illegal and coordinated actions aimed at preventing the transaction and attempting to undermine U. S. Steel's ability to compete and Nippon Steel's ability to provide American-made steel to American consumers Determined that these legal actions are the necessary path toward closing the transaction and delivering shared success for U. S. Steel employees, communities, shareholders, and customers
&nbsp;
Today's legal actions demonstrate Nippon Steel's and U. S. Steel's continued commitment to completing the Transaction – despite political interference with the CFIUS process and the racketeering and monopolistic conspiracies of Cleveland-Cliffs and USW President David McCall – for the benefit of all stakeholders, including U. S. Steel's shareholders, who will receive the agreed upon $55.00 per share upon the Transaction closing. We remain confident that the Transaction is the best path forward to secure the future of U. S. Steel – and we will vigorously defend our rights to achieve this objective."

Nippon Steel, U. S. Steel File Multiple Lawsuits In Response To Wrongful Interference With Proposed Acquisition Of U. S. Steel

Cleveland-Cliffs Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>) CEO Lourenco Goncalves repeatedly predicted President Joe Biden would block Nippon Steel Corp.&#8216;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NPSCY#OTC">NPSCY</a>) <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/42792034/biden-blocks-us-steel-deal-whats-next-for-x-stock">proposed $14.9 billion acquisition</a> of United States Steel Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) months before it happened, according to documents submitted to federal regulators.
In at least nine investor calls throughout 2024, Goncalves, whose company&#8217;s own $7 billion bid for U.S. Steel was rejected in August 2023, expressed confidence the deal would fail, reported Reuters on Sunday. 
&#8220;I can&#8217;t force U.S. Steel to sell to me, but I can work my magic to make a deal that I don&#8217;t agree with not to close,&#8221; he told investors during a JP Morgan conference on Mar. 13, according to a letter from Nippon Steel&#8217;s lawyers to CFIUS.
The revelation comes after Biden blocked the Japanese steelmaker&#8217;s bid on Mar. 14, citing national security concerns. The White House stated Goncalves&#8217; comments did not influence the decision. Cleveland-Cliffs and Goncalves declined to comment on the matter.
The deal faced mounting political pressure, with both Biden and President-elect Donald Trump opposing foreign ownership of U.S. Steel, particularly after the United Steelworkers union expressed concerns. U.S. Steel said it will continue fighting for the deal.
Price Action: United States Steel Corp. closed at $30.47 on Friday, down 6.53% for the day. In after-hours trading, the stock slightly recovered by 1.08%. Over the past year, U.S. Steel&#8217;s stock has fallen by 36.98%, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>. Nippon Steel Corp. is currently trading at 3,150 JPY, down 1.01% at the time of writing this article.
Read Next: 
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<li><a href="https://www.benzinga.com/news/25/01/42804461/sanders-backs-trumps-credit-cap-carters-passing-trumps-response-to-nola-attack-and-more-this-week-in-politics">Sanders Backs Trump&#8217;s Credit Cap, Carter&#8217;s Passing, Trump&#8217;s Response To NOLA Attack And More: This Week In Politics</a></li>
</ul>
Image Via Shutterstock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

NPSCY

Cleveland-Cliffs CEO Predicted Biden's Block $14.9B Nippon Steel-US Steel Deal Months Before Action

United States Steel Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) is caught in a whirlwind of challenges. From technical bearish signals to a major acquisition roadblock, the <a href="https://www.benzinga.com/quote/X/news">stock is under pressure</a>. 
Yet, analysts believe opportunities may still exist for investors willing to ride out the storm.
<h2 class="wp-block-heading">Bearish Signals Dominate X Stock Charts</h2>
US Steel's stock performance has been disappointing, with a 36.74% decline over the past year, compounded by 22.76% and 19.64% drops in six months and the past month, respectively. 
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent010325&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="625" height="492" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/03113045/Screenshot-2025-01-03-at-10.00.25-PM.png" alt="" class="wp-image-717452" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/03113045/Screenshot-2025-01-03-at-10.00.25-PM.png 625w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/03113045/Screenshot-2025-01-03-at-10.00.25-PM-300x236.png 300w" sizes="(max-width: 625px) 100vw, 625px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent010325&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Chart created using Benzinga Pro</a>
Key technical indicators suggest bearish momentum is strong. The stock price of $30.48 is below its eight, 20, 50 and 200-day simple moving averages, with the MACD indicator at a negative 1.63 reinforcing a negative outlook.
Read Also: <a href="https://www.benzinga.com/markets/25/01/42780788/us-steel-tumbles-nearly-10-in-overnight-trading-on-robinhood-as-biden-reportedly-plans-to-block-149b-nippon-steel-merger">US Steel Tumbles Nearly 10% In Overnight Trading On Robinhood As Biden Reportedly Plans To Block $14.9B Nippon Steel Merger</a>
<h2 class="wp-block-heading">Biden Blocks NSC's $55-Per-Share Bid</h2>
In a dramatic twist, President Joe Biden officially blocked Nippon Steel Corp's (OTCPK:NISTF) (OTCPK:NPSCY) $55-per-share bid for US Steel, citing national security and supply chain concerns. This decision ends the 382-day acquisition saga, leaving both <a href="https://www.benzinga.com/trading-ideas/movers/25/01/42787508/biden-blocks-14-9b-us-steel-takeover-shares-plunge">US Steel and NSC reeling.</a>
JPMorgan analyst Bill Peterson expects a sharp decline in the stock, potentially into the high $20s. However, he remains constructive, with a valuation outlook above $40, emphasizing US Steel&#8217;s growth prospects.
<h2 class="wp-block-heading">What Lies Ahead?</h2>
Peterson outlines two potential paths for US Steel. The company could remain a standalone entity, focusing on its Big River Steel operations and transitioning legacy blast furnace assets. 
Alternatively, domestic players like Cleveland-Cliffs Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>) may bid for parts of the company. Cleveland-Cliffs has already shown interest in acquiring blast furnace assets, though antitrust issues could complicate a deal.
<h2 class="wp-block-heading">Market Challenges Add Pressure</h2>
The steel market itself is not providing much relief. Hot-rolled coil prices, currently at $694–$675 per ton, remain well below benchmarks set by competitors like Nucor Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>) and Cleveland-Cliffs. 
With auto demand softening and construction activity reliant on potential rate cuts, the outlook for steel pricing through 2025 remains cautious, the analyst notes.
<h2 class="wp-block-heading">Long-Term Potential</h2>
Despite the current turbulence, Peterson highlights US Steel's growth drivers, including the Big River Steel expansion and new product lines. 
He sees the stock's standalone valuation supported by these initiatives, although investors may need patience to realize gains.
<h2 class="wp-block-heading">Takeaway</h2>
While US Steel faces immediate hurdles, its long-term potential remains intact, particularly if market dynamics improve or strategic domestic deals materialize. 
Investors should weigh these factors carefully as the company navigates a challenging landscape.
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Photo: Vladimir Mulder/Shutterstock.com

Technicals

NISTF

Biden Blocks US Steel Deal: What's Next For X Stock?

Rumors

Watching Cleveland-Cliffs; Hearing M&A Blog Suggesting Company May Attempt To Acquire United States Steel

President Joe Biden is expected to announce his decision on Nippon Steel&#8216;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NPSCY#OTC">NPSCY</a>)&nbsp; $14.9 billion acquisition of United States Steel Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) as soon as Friday, despite previously expressing opposition to foreign ownership of the iconic American steelmaker.
In a last-minute effort to secure approval, Nippon Steel proposed giving the U.S. government direct veto power over production changes at U.S. Steel&#8217;s facilities, <a href="https://www.cbsnews.com/news/biden-to-announce-decision-us-steel-nippon-as-early-as-friday/">reported</a> CBS News on Thursday, citing sources.
The Japanese steelmaker also offered a 10-year guarantee maintaining production levels at mills across six states, subject to Committee on Foreign Investment approval.
While key CFIUS members including the Justice, Treasury, and State Departments support the deal, U.S. Trade Representative Katherine Tai has raised labor-related concerns. Sources according to the report indicate U.S. Steel may pursue legal action if Biden blocks the acquisition, potentially targeting the administration and rival Cleveland-Cliffs Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>).
Price Action: U.S. Steel shares closed at $32.60 on Thursday, down 4.09%, before recovering 1.38% in after-hours trading, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>. Nippon Steel shares were seen trading 1.2% higher at JPY 3,182 ($20.23) in Tokyo at the time of writing.
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</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Joe Biden To Decide On Nippon Steel's $14.9B US Steel Acquisition On Friday Amid Veto Offer, Labor Concerns

A key U.S. government panel has reached an impasse over Nippon Steel&#8216;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NPSCY#OTC">NPSCY</a>) $14.9 billion bid for United States Steel Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>), shifting the final decision to President Joe Biden amid <a href="https://www.benzinga.com/news/global/24/12/42502247/trumps-ex-secretary-of-state-mike-pompeo-backs-nippon-steels-149b-acquisition-of-us-steel-citing-national-security-concerns">mounting national security concerns</a>.
The Committee on Foreign Investment in the United States delivered its split decision on Monday, citing potential risks to domestic steel production, The Washington Post <a href="https://www.washingtonpost.com/business/2024/12/23/nippon-steel-us-steel-biden/">reported</a>, citing sources.
A White House spokesperson, as cited in the report, confirmed the referral and stated, "The President will review the evaluation."
While Nippon Steel offered to appoint U.S. citizens to top management positions as a remedy, the panel remained divided on the effectiveness of these measures.
The development adds complexity to a deal that has faced <a href="https://www.benzinga.com/markets/equities/24/09/40825269/biden-and-harris-push-to-block-14-1b-us-steel-acquisition-by-nippon-steel-faces-committee-delay-">opposition from Biden since March</a>. The President, who must decide within 15 days, has previously emphasized the importance of keeping U.S. Steel under American ownership.
The United Steelworkers union, led by President David McCall, has strongly opposed the acquisition. Meanwhile, Nippon Steel and U.S. Steel have warned of immediate legal challenges if the deal is blocked, claiming in a Dec. 17 letter that the review process has been influenced by political considerations.
Cleveland-Cliffs Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>), which lost the bidding war for U.S. Steel, has also emerged as a key opponent of the Japanese acquisition.
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Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Asia

Joe Biden Faces Decisive Call On Nippon Steel's $14.9B Bid For US Steel Amid National Security Concerns

The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the<a href="https://www.benzinga.com/topic/rsi"> RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">Commercial Metals Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMC#NYSE">CMC</a>)</h3>
<ul>
<li>On Dec. 12, UBS analyst Curt Woodworth downgraded Commercial Metals from Buy to Sell and lowered the price target from $62 to $56. The company's stock fell around 19% over the past month and has a <a href="https://www.benzinga.com/quote/CMC">52-week low of $47.42</a>.</li>
<li>RSI Value: 27&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>CMC Price Action: Shares of Commercial Metals gained 1.5% to close at $50.27 on Friday.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122324&amp;t=be2bearmibe3na1">latest CMC news.</a> </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="907" height="838" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23082656/image-185.png" alt="" class="wp-image-704163" style="width:586px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23082656/image-185.png 907w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23082656/image-185-300x277.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23082656/image-185-768x710.png 768w" sizes="(max-width: 907px) 100vw, 907px" /></a></figure>
<h3 class="wp-block-heading">Cleveland-Cliffs Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>)</h3>
<ul>
<li>On Dec. 19, Citigroup analyst Alexander Hacking maintained Cleveland-Cliffs with a Neutral and lowered the price target from $12.5 to $11. The company's stock fell around 25% over the past month and<a href="https://www.benzinga.com/quote/CLF"> has a 52-week low</a> of $9.13.</li>
<li>RSI Value: 28</li>
<li>CLF Price Action: Shares of Cleveland-Cliffs gained 0.5% to close at $9.38 on Friday.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122324&amp;t=be2bearmibe3na1">trend in CLF stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="916" height="845" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23082719/image-186.png" alt="" class="wp-image-704164" style="width:541px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23082719/image-186.png 916w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23082719/image-186-300x277.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23082719/image-186-768x708.png 768w" sizes="(max-width: 916px) 100vw, 916px" /></a></figure>
<h3 class="wp-block-heading">Quaker Chemical Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KWR#NYSE">KWR</a>)</h3>
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<li>On Nov. 18, Quaker Houghton board appointed Joseph Berquist as CEO and President, and a member of Board. The company's stock fell around 15% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/KWR">low of $137.65</a></li>
<li>RSI Value: 24</li>
<li>KWR Price Action: Shares of Quaker Chemical fell 1.7% to close at $138.61 on Friday.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential breakout in <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122324&amp;t=be2bearmibe3na1">KWR shares</a>. </li>
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<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="860" height="843" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23082832/image-187.png" alt="" class="wp-image-704169" style="width:574px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23082832/image-187.png 860w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23082832/image-187-300x294.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23082832/image-187-768x753.png 768w" sizes="(max-width: 860px) 100vw, 860px" /></a></figure>
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Citigroup analyst Alexander Hacking maintains Cleveland-Cliffs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>) with a Neutral and lowers the price target from $12.5 to $11.

Citigroup Maintains Neutral on Cleveland-Cliffs, Lowers Price Target to $11

Investors with a lot of money to spend have taken a bearish stance on Cleveland-Cliffs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with CLF, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 11 options trades for Cleveland-Cliffs.
This isn't normal.
The overall sentiment of these big-money traders is split between 27% bullish and 45%, bearish.
Out of all of the options we uncovered, 10 are puts, for a total amount of $1,685,535, and there was 1 call, for a total amount of $80,760.
<h3>Expected Price Movements</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $10.0 to $20.0 for Cleveland-Cliffs during the past quarter. 
<h3>Volume &amp; Open Interest Trends</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Cleveland-Cliffs's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Cleveland-Cliffs's whale activity within a strike price range from $10.0 to $20.0 in the last 30 days. 
<h3>Cleveland-Cliffs Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734365735_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CLF</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$10.25</td>
<td>$10.0</td>
<td>$10.05</td>
<td>$20.00</td>
<td>$301.5K</td>
<td>3.2K</td>
<td>300</td>
</tr>
<tr>
<td>CLF</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$10.05</td>
<td>$9.95</td>
<td>$10.0</td>
<td>$20.00</td>
<td>$300.0K</td>
<td>3.2K</td>
<td>600</td>
</tr>
<tr>
<td>CLF</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$9.95</td>
<td>$9.9</td>
<td>$9.95</td>
<td>$20.00</td>
<td>$298.5K</td>
<td>3.2K</td>
<td>1.5K</td>
</tr>
<tr>
<td>CLF</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$10.0</td>
<td>$9.85</td>
<td>$9.9</td>
<td>$20.00</td>
<td>$297.0K</td>
<td>3.2K</td>
<td>900</td>
</tr>
<tr>
<td>CLF</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$9.9</td>
<td>$9.8</td>
<td>$9.85</td>
<td>$20.00</td>
<td>$295.5K</td>
<td>3.2K</td>
<td>1.2K</td>
</tr>
</tbody>
</table>

<h3>About Cleveland-Cliffs</h3>
Cleveland-Cliffs Inc is a flat-rolled steel producer and manufacturer of iron ore pellets in North America. It is organized into four operating segments based on differentiated products, Steelmaking, Tubular, Tooling and Stamping and European Operations, but operates through one reportable segment -Steelmaking. It is vertically integrated from mined raw materials, direct reduced iron, and ferrous scrap to primary steelmaking and downstream finishing, stamping, tooling and tubing. It serves a diverse range of other markets due to its comprehensive offering of flat-rolled steel products. Geographically, it operates in the United States, Canada and other countries. The majority of revenue is from the United States. It is a supplier of steel to the automotive industry in North America.
<h3>Where Is Cleveland-Cliffs Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 5,212,598, the CLF's price is down by -0.88%, now at $10.12. </li>
<li>RSI readings suggest the stock is currently may be approaching oversold.</li>
<li>Anticipated earnings release is in 42 days.</li>
</ul>
<h3>What Analysts Are Saying About Cleveland-Cliffs</h3>
1 market experts have recently issued ratings for this stock, with a consensus target price of $16.0.
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&#x2A; In a cautious move, an analyst from Goldman Sachs downgraded its rating to Buy, setting a price target of $16. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Cleveland-Cliffs, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Cleveland-Cliffs Options Trading: A Deep Dive into Market Sentiment

WIIM

Cleveland Cliffs shares are trading lower. Morgan Stanley forecasted the companies Q4 EBITDA 97% lower than its previous estimate.

GATO

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SSRM

Shares of precious metals stocks are trading higher amid strength in gold and silver prices. Gold may be rising amid reports of renewed China Central Bank purchases as well as geopolitical uncertainty following Assad's ouster in Syria.

4 analysts have expressed a variety of opinions on Cleveland-Cliffs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $14.25, a high estimate of $16.00, and a low estimate of $12.50. Experiencing a 10.94% decline, the current average is now lower than the previous average price target of $16.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1733144464_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
The standing of Cleveland-Cliffs among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Mike Harris</td>
<td>Goldman Sachs</td>
<td>Announces</td>
<td>Buy</td>
<td>$16.00</td>
<td>-</td>
</tr>
<tr>
<td>Carlos De Alba</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$13.50</td>
<td>$15.00</td>
</tr>
<tr>
<td>Carlos De Alba</td>
<td>Morgan Stanley</td>
<td>Maintains</td>
<td>Equal-Weight</td>
<td>$15.00</td>
<td>$15.00</td>
</tr>
<tr>
<td>Alexander Hacking</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$12.50</td>
<td>$18.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Cleveland-Cliffs. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Cleveland-Cliffs compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Cleveland-Cliffs's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
For valuable insights into Cleveland-Cliffs's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/CLF/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Cleveland-Cliffs analyst ratings.</a>
<h2>Discovering Cleveland-Cliffs: A Closer Look</h2>
Cleveland-Cliffs Inc is a flat-rolled steel producer and manufacturer of iron ore pellets in North America. It is organized into four operating segments based on differentiated products, Steelmaking, Tubular, Tooling and Stamping and European Operations, but operates through one reportable segment -Steelmaking. It is vertically integrated from mined raw materials, direct reduced iron, and ferrous scrap to primary steelmaking and downstream finishing, stamping, tooling and tubing. It serves a diverse range of other markets due to its comprehensive offering of flat-rolled steel products. Geographically, it operates in the United States, Canada and other countries. The majority of revenue is from the United States. It is a supplier of steel to the automotive industry in North America.
<h3>Cleveland-Cliffs: Delving into Financials</h3>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Cleveland-Cliffs's revenue growth over a period of 3 months has faced challenges. As of 30 September, 2024, the company experienced a revenue decline of approximately -18.48%. This indicates a decrease in the company's top-line earnings. When compared to others in the Materials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Cleveland-Cliffs's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of -5.3%, the company may face hurdles in effective cost management.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of -3.47%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of -1.44%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: Cleveland-Cliffs's debt-to-equity ratio stands notably higher than the industry average, reaching 0.55. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>The Significance of Analyst Ratings Explained</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Where Cleveland-Cliffs Stands With Analysts

Goldman Sachs analyst Mike Harris initiates coverage on Cleveland-Cliffs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>) with a Buy rating and announces Price Target of $16.

Initiation

Goldman Sachs Initiates Coverage On Cleveland-Cliffs with Buy Rating, Announces Price Target of $16

<a href="https://www.theglobeandmail.com/business/industry-news/energy-and-resources/article-cleveland-cliffs-ceo-still-keen-on-acquiring-us-steel-as-uncertainty/" title="https://www.theglobeandmail.com/business/industry-news/energy-and-resources/article-cleveland-cliffs-ceo-still-keen-on-acquiring-us-steel-as-uncertainty/">https://www.theglobeandmail.com/business/industry-news/energy-and-resources/article-cleveland-cliffs-ceo-still-keen-on-acquiring-us-steel-as-uncertainty/</a>

'Cleveland-Cliffs CEO still keen on acquiring U.S. Steel as uncertainty weighs on Nippon bid' - The Globe And Mail

Cleveland-Cliffs's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>) short percent of float has fallen 6.75% since its last report. The company recently reported that it has 41.49 million shares sold short, which is 10.77% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.47 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Cleveland-Cliffs Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731527155_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Cleveland-Cliffs has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Cleveland-Cliffs's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Cleveland-Cliffs's peer group average for short interest as a percentage of float is 4.29%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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Ternium S.A. Ternium S.A. American Depositary Shares (each representing ten shares, USD1.00 par value)

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