Cleveland-Cliffs Inc (NYSE:CLF) has a beta value of 1.95 and has seen 3.29 million shares traded in the recent trading session. The company, currently valued at $5.96B, closed the recent trade at $12.06 per share which meant it gained $0.04 on the day or 0.37% during that session. The CLF stock price is -90.46% off its 52-week high price of $22.97 and 25.46% above the 52-week low of $8.99.
The consensus among analysts is that Cleveland-Cliffs Inc (CLF) is Buy stock at the moment, with a recommendation rating of 2.36. 3 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 15 have rated it as a Hold, with 9 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.67.
Cleveland-Cliffs Inc (NYSE:CLF) trade information
Sporting 0.37% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the CLF stock price touched $12.06 or saw a rise of 0.41%. Year-to-date, Cleveland-Cliffs Inc shares have moved 28.35%, while the 5-day performance has seen it change 6.77%. Over the past 30 days, the shares of Cleveland-Cliffs Inc (NYSE:CLF) have changed 17.48%.
Wall Street analysts have a consensus price target for the stock at $13.75, which means that the shares’ value could jump 12.29% from the levels at last check today. The projected low price target is $11.0 while the price target rests at a high of $16.5. In that case, then, we find that the latest price level in today’s session is -36.82% off the targeted high while a plunge would see the stock lose 8.79% from the levels at last check today.
Cleveland-Cliffs Inc (CLF) estimates and forecasts
The company’s shares have lost -4.09% over the past 6 months. Revenue growth from the last financial year stood is estimated to be -12.83%.
3 analysts offering their estimates for the company have set an average revenue estimate of 4.31B for the current quarter. 4 have an estimated revenue figure of 4.85B for the next ending quarter. Year-ago sales stood 5.11B and 5.2B respectively for this quarter and the next, and analysts expect sales will shrink by -15.61% for the current quarter and -12.83% 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. Earnings growth for 2025 is a modest -153.05% while over the next 5 years, the company’s earnings are expected to decrease by -10.46%.
CLF Dividends
Cleveland-Cliffs Inc is expected to release its next earnings report in March 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 BLACKROCK INC. with over 51.42 million shares worth more than $791.31 million. As of 2024-06-30, BLACKROCK INC. held 10.4506% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 46.89 million shares as of 2024-06-30. The firm’s total holdings are worth over $721.69 million and represent 9.5312% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Pacer U.S. Cash Cows 100 ETF and iShares Core S&P Midcap ETF. As of Oct 31, 2024, the former fund manager holds about 5.25% shares in the company for having 25.93 shares of worth $312.94 million while later fund manager owns 15.51 shares of worth $187.18 million as of Nov 30, 2024, which makes it owner of about 3.14% of company’s outstanding stock.
