Cleveland-Cliffs Inc. (NYSE: CLF) stock soared 5.01% intraday on Thursday, outperforming the broader market. The surge in the mining company's shares came as analysts revised their estimates, forecasting a significant improvement in profitability for the year ahead.
According to the latest analyst consensus, Cleveland-Cliffs is expected to narrow its losses per share by a substantial 82% in 2025, from $1.57 in the previous year to just $0.27. This projection reflects analysts' optimism about the company's ability to rein in costs and improve operational efficiency.
While analysts maintained their revenue growth forecast at a modest 6.3% for 2025, they anticipate that Cleveland-Cliffs will continue to outpace the broader industry's growth rate of 4.4%. This expectations underscores the company's strong market position and potential for further market share gains.
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