In last trading session, Cleveland-Cliffs Inc (NYSE:CLF) saw 9.93 million shares changing hands with its beta currently measuring 1.97. Company’s recent per share price level of $13.94 trading at $0.28 or 2.05% at ring of the bell on the day assigns it a market valuation of $6.52B. That closing price of CLF’s stock is at a discount of -64.78% from its 52-week high price of $22.97 and is indicating a premium of 26.76% from its 52-week low price of $10.21. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 9.65 million shares which gives us an average trading volume of 11.84 million if we extend that period to 3-months.

For Cleveland-Cliffs Inc (CLF), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.69. Splitting up the data highlights that, out of 15 analysts covering the stock, 3 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 9 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.26 in the current quarter.

Cleveland-Cliffs Inc (NYSE:CLF) trade information

Upright in the green during last session for gaining 2.05%, in the last five days CLF remained trading in the green while hitting it’s week-highest on Friday, 10/18/24 when the stock touched $13.94 price level, adding 0.57% to its value on the day. Cleveland-Cliffs Inc’s shares saw a change of -31.73% in year-to-date performance and have moved 6.09% in past 5-day. Cleveland-Cliffs Inc (NYSE:CLF) showed a performance of 15.88% in past 30-days. Number of shares sold short was 48.12 million shares which calculate 2.93 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 20.6 to the stock, which implies a rise of 32.33% to its current value. Analysts have been projecting 10.13 as a low price target for the stock while placing it at a high target of 25. It follows that stock’s current price would jump 27.33% in reaching the projected high whereas dropping to the targeted low would mean a gain of 27.33% for stock’s current value.

Cleveland-Cliffs Inc (CLF) estimates and forecasts

Statistics highlight that Cleveland-Cliffs Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -33.01% of value to its shares in past 6 months, showing an annual growth rate of -126.17% while that of industry is 15.80. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -9.70% from the last financial year’s standing.

6 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 4.78B for the same. And 6 analysts are in estimates of company making revenue of 4.83B in the next quarter. Company posted 5.61B and 5.11B of sales in current and next quarters respectively a year earlier.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -26.78% during past 5 years.

Cleveland-Cliffs Inc (NYSE:CLF)’s Major holders

Insiders are in possession of 1.69% of company’s total shares while institution are holding 73.83 percent of that, with stock having share float percentage of 75.10%. Investors also watch the number of corporate investors in a company very closely, which is 73.83% institutions for Cleveland-Cliffs Inc that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at CLF for having 51.42 million shares of worth $791.31 million. And as of 2024-06-30, it was holding 10.4506 of the company’s outstanding shares.

The second largest institutional holder is VANGUARD GROUP INC, which was holding about 46.89 million shares on 2024-06-30. The number of shares represents firm’s hold over 9.5312 of outstanding shares, having a total worth of $721.69 million.