Cleveland-Cliffs Inc (NYSE: CLF): Would You Buy Today?

In the last trading session, 7.75 million shares of the Cleveland-Cliffs Inc (NYSE:CLF) were traded, and its beta was 2.03. Most recently the company’s share price was $20.85, and it changed around $0.04 or 0.19% from the last close, which brings the market valuation of the company to $10.39B. CLF currently trades at a discount to its 52-week high of $22.97, offering almost -10.17% off that amount. The share price’s 52-week low was $13.61, which indicates that the current value has risen by an impressive 34.72% since then. We note from Cleveland-Cliffs Inc’s average daily trading volume that its 3-month average coming to 8.40 million.

Cleveland-Cliffs Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.67. If we narrow it down even further, the data shows that 2 out of 9 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 5 recommended CLF as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Cleveland-Cliffs Inc is expected to report earnings per share of $CLF/CLP for the current quarter.

Cleveland-Cliffs Inc (NYSE:CLF) trade information

Instantly CLF has showed a green trend with a performance of 0.19% at the end of last trading. The performance over the last five days has remained in the red territory. The company’s shares are currently up 2.11% year-to-date, but still down -1.84% over the last five days. On the other hand, Cleveland-Cliffs Inc (NYSE:CLF) is -2.62% down in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $22.88, which translates to bulls needing to increase their stock price by 8.87% from its current value. Analyst projections state that CLF is forecast to be at a low of $19 and a high of $27.2.

Cleveland-Cliffs Inc (CLF) estimates and forecasts

Cleveland-Cliffs Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 43.40 percent over the past six months and at a 55.14% annual growth rate that is well above the industry average of 17.50%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -26.78%.