Cleveland-Cliffs Inc (NYSE:CLF) has a beta value of 2.02 and has seen 9.77 million shares traded in the last trading session. The company, currently valued at $7.23B, closed the last trade at $15.21 per share which meant it gained $0.04 on the day or 0.26% during that session. The CLF stock price is -51.02% off its 52-week high price of $22.97 and 9.01% above the 52-week low of $13.84. If we look at the company’s 10-day average daily trading volume, we find that it stood at 9.1 million shares traded. The 3-month trading volume is 9.50 million shares.
The consensus among analysts is that Cleveland-Cliffs Inc (CLF) is Buy stock at the moment, with a recommendation rating of 2.93. 2 analysts rate the stock as a Sell, while 1 rate it as Overweight. 2 out of 15 have rated it as a Hold, with 10 advising it as a Buy. 0 have rated the stock as Underweight.
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Cleveland-Cliffs Inc (NYSE:CLF) trade information
Sporting 0.26% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the CLF stock price touched $15.21 or saw a rise of 5.47%. Year-to-date, Cleveland-Cliffs Inc shares have moved -25.51%, while the 5-day performance has seen it change -6.17%. Over the past 30 days, the shares of Cleveland-Cliffs Inc (NYSE:CLF) have changed 3.68%. Short interest in the company has seen 35.21 million shares shorted with days to cover at 3.32.
Wall Street analysts have a consensus price target for the stock at $22, which means that the shares’ value could jump 30.86% from current levels. The projected low price target is $10.13 while the price target rests at a high of $25. In that case, then, we find that the current price level is -64.37% off the targeted high while a plunge would see the stock lose 33.4% from current levels.
Cleveland-Cliffs Inc (CLF) estimates and forecasts
Figures show that Cleveland-Cliffs Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -14.21% over the past 6 months, with this year growth rate of -71.96%, compared to 17.80% for the industry.
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 August this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Cleveland-Cliffs Inc (NYSE:CLF)’s Major holders
The top two institutional holders are VANGUARD GROUP INC with over 49.51 million shares worth more than $1.13 billion. As of 2024-03-31, VANGUARD GROUP INC held 9.8061% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 49.27 million shares as of 2024-03-31. The firm’s total holdings are worth over $1.12 billion and represent 9.7595% of shares outstanding.
