Cleveland-Cliffs Inc (CLF): What Makes The Stock Attractive?

Cleveland-Cliffs Inc (NYSE:CLF) has a beta value of 2.07 and has seen 8.67 million shares traded in the last trading session. The company, currently valued at $9.00B, closed the last trade at $18.06 per share which meant it gained $0.18 on the day or 1.01% during that session. The CLF stock price is -27.19% off its 52-week high price of $22.97 and 24.64% above the 52-week low of $13.61. The 3-month trading volume is 9.08 million shares.

Cleveland-Cliffs Inc (NYSE:CLF) trade information

Sporting 1.01% in the green in last session, the stock has traded in the red over the last five days, when the CLF stock price touched $18.06 or saw a rise of 9.88%. Year-to-date, Cleveland-Cliffs Inc shares have moved -11.56%, while the 5-day performance has seen it change -13.38%. Over the past 30 days, the shares of Cleveland-Cliffs Inc (NYSE:CLF) have changed -20.58%.

Cleveland-Cliffs Inc (CLF) estimates and forecasts

Figures show that Cleveland-Cliffs Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 11.62% over the past 6 months, with this year growth rate of 45.79%, compared to 18.80% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are -53.70% and -17.30% for the next quarter. Revenue growth from the last financial year stood is estimated to be -2.50%.

7 analysts offering their estimates for the company have set an average revenue estimate of $5.39 billion for the current quarter. 7 have an estimated revenue figure of $5.42 billion for the next quarter concluding in Sep 2024. Year-ago sales stood $5.98 billion and $5.61 billion respectively for this quarter and the next, and analysts expect sales will shrink by -9.90% for the current quarter and -3.20% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -26.78% over the past 5 years.

CLF Dividends

Cleveland-Cliffs Inc is expected to release its next earnings report in May this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.