Cleveland-Cliffs Inc (CLF) Earnings Hit by Auto Demand Slowdown, Q4 Adjusted EBITDA Loss Nears $85M

Cleveland-Cliffs Inc on Smartkarma

Analyst coverage of Cleveland-Cliffs Inc on Smartkarma shows a positive outlook from Baptista Research. In their report titled “Cleveland-Cliffs Inc.: Can The Stelco Acquisition Be A Game Changer? – Major Drivers,” they highlighted the company’s third-quarter 2024 results in the face of challenges such as weaker steel demand and pricing. The acquisition of Stelco, a Canadian steelmaker, was emphasized as a move towards enhancing operational efficiency and cost effectiveness. Despite a decline in quarterly adjusted EBITDA to $124 million on 3.8 million tons of shipments, attributed to reduced automotive industry activity, Cleveland-Cliffs remains optimistic about the future.

A look at Cleveland-Cliffs Inc Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Cleveland-Cliffs Inc. is an American iron ore mining company that seems to be well-positioned for long-term growth based on the Smartkarma Smart Scores analysis. With a top rating in the Value category, the company is deemed to be fundamentally strong and potentially undervalued compared to its peers. This suggests a positive outlook for investors looking for value opportunities in the stock market.

However, the company’s lower scores in Dividend and Growth indicate that it may not be the best choice for income-seeking investors or those focusing on rapid expansion. Nevertheless, its moderate scores in Resilience and Momentum suggest a level of stability and consistent performance, which could be appealing to more conservative investors seeking a balanced approach to their investment portfolios.

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