Why Cleveland-Cliffs Stock Popped by Nearly 21% This Week
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Investors sent the steel maker's equity higher following better-than-expected quarterly earnings and several bullish, new analyst notes.
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July 25, 2025
07:04 PM
The Motley Fool
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Investors sent the steel maker's equity higher ing better-than-expected quarterly earnings and several bullish, new analyst notes
One of the better-performing industrial stocks over the past few days has been storied steel maker Cleveland-Cliffs (CLF 4
Conversely, The company did better than expected in its second quarter
On the other hand, Additionally, As often occurs in that situation, several analysts became more bullish on its spects
According to data compiled by S&P Global Market Intelligence, Cleveland-Cliffs rose by almost 21% across the week, in light of current trends
Second-quarter surprises On Monday, Cleveland-Cliffs published its earnings report, revealing that Q2 revenue was $4. 9 billion, while its net loss came in at $247 million (which is quite significant) (noteworthy indeed), in light of current trends
Although both metrics are worse than the year-ago figures, they were higher than the consensus analyst estimates (particularly for the bottom line)
Image source: Getty Images
Those optimistic analyst reinforced the double beat, especially since one of them took the form of a recommendation upgrade, in light of current trends
This came from KeyBanc's Philip Gibbs, who now feels Cleveland-Cliffs is worthy of an overweight (read: buy) designation
Additionally, Previously, he had ranked it as a sector weight (hold)
Gibbs's new price target is $14 per, which is 22% above where the stock currently sits (remarkable data) (something worth watching)
Furthermore, However, Analysts at the similarly named J (remarkable data), in today's market environment
Morgan (a unit of JPMorgan Chase) and Morgan Stanley raised their price targets on the stock, meanwhile
The former's Bill Peterson cranked his more than 30% higher to $10 per, although he maintained his neutral recommendation
However, The latter's Carlos De Alba set a new target of $10
On the other hand, At the same time, 50 per from $8
Peterson, he kept his equivalent of a hold rating intact
Nevertheless, In this time of tariffs Cleveland-Cliffs has also been in the news because of the tariffs imposed by the Trump administration
Nevertheless, Yet the President has shown a strategy of negotiating these down, in certain instances quite substantially, so they ly won't have as much of an impact as previously believed by many
This leads to the conclusion that Author Eric Volkman is a contributing Finance and Stock Market Analyst at The Motley Fool, fluent in a range of topics and familiar with many publicly traded U
Prior to The Motley Fool, Eric was an equities analyst at European investment bank Raiffeisen Capital and Investment and a freelance writer focusing mainly on finance topics since 1995
He studied for several years at Susquehanna University
On the other hand, Fun fact: Eric is also a writer and ducer for the sketch comedy team Comedy Barbs (remarkable data)
TMFVolkman JPMorgan Chase is an advertising partner of Motley Fool Money
Eric Volkman has no position in any of the stocks mentioned
The Motley Fool has positions in and recommends JPMorgan Chase
The Motley Fool has a disclosure policy.
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