From The Motley Fool · Howard Smith · · 40s
Cleveland-Cliffs Stock Surges on Stronger Q3 Results
Cleveland-Cliffs stock jumps 16.34% after stronger Q3 results and raised 2027 EBITDA outlook.
In brief
Cleveland-Cliffs stock jumps 16.34% after stronger Q3 results and raised 2027 EBITDA outlook. Cleveland-Cliffs stock rose 16.34% following stronger Q3 results and a higher 2027 EBITDA target. Originally reported by The Motley Fool.
Cleveland-Cliffs Stock Performance
Cleveland-Cliffs stock rose 16.34% after stronger third-quarter results and a higher 2027 EBITDA outlook.
Market Reaction to Results
The S&P 500 rose 0.42% to 7,691 while steel peers Nucor and Steel Dynamics also gained.
2027 EBITDA Target
Cleveland-Cliffs expects adjusted EBITDA to exceed $4 billion in 2027 with robust steel pricing and demand.
The main idea
Cleveland-Cliffs stock rose 16.34% following stronger Q3 results and a higher 2027 EBITDA target.
