Cleveland-Cliffs Inc. (NYSE:CLF) plunged 17.24% on Tuesday to $13.39 per share following a “sell” recommendation from Wells Fargo with an $11 price target. The company plans to diversify into rare earths mining to support domestic supply goals, exploring potential sites in Michigan and Minnesota.

In Q3, Cleveland-Cliffs Inc. (NYSE:CLF) widened net loss by 2.87% to $251 million, while revenues increased 2.8% to $4.7 billion year-on-year. Despite CLF’s potential, some AI stocks may offer higher returns with limited downside risk. For a cheap AI stock benefiting from Trump tariffs, check out the free report on the best short-term AI stock.

Read more at Yahoo Finance.: Cleveland-Cliffs (CLF) Nosedives on ‘Sell’ Reco