In the last trading session, 6.17 million shares of the Cleveland-Cliffs Inc (NYSE:CLF) were traded, and its beta was 1.86. Most recently the company’s share price was $9.33, and it changed around -$0.76 or -7.50% from the last close, which brings the market valuation of the company to $4.62B. CLF currently trades at a discount to its 52-week high of $22.97, offering almost -146.2% off that amount. The share price’s 52-week low was $8.99, which indicates that the current value has risen by an impressive 3.64% since then.
Cleveland-Cliffs Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.46. If we narrow it down even further, the data shows that 1 out of 11 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 5 recommended CLF as a Hold, whereas 3 deemed it a Buy, and 1 rated it as Underweight. Cleveland-Cliffs Inc is expected to report earnings per share of -0.58 for the current quarter.
Cleveland-Cliffs Inc (NYSE:CLF) trade information
Instantly CLF has showed a red trend with a performance of -7.50% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 11.35 on recent trading dayincreased the stock’s daily price by 17.8%. The company’s shares are currently down -0.71% year-to-date, but still down -13.50% over the last five days. On the other hand, Cleveland-Cliffs Inc (NYSE:CLF) is -8.85% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $11, which translates to bulls needing to increase their stock price by 15.18% from its current value. Analyst projections state that CLF is forecast to be at a low of $11 and a high of $11.
Cleveland-Cliffs Inc (CLF) estimates and forecasts
The year-over-year growth rate is expected to be 6.65%, up from the previous year.
Consensus estimates provided by 6 financial analysts predict the company will bring in an average of 4.75B in revenue for the current quarter. 6 analysts expect Cleveland-Cliffs Inc to make 5.28B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 5.2B and 5.09B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -8.56%. Forecasts for the next quarter put sales growth at 3.64%.
Cleveland-Cliffs Inc (NYSE:CLF)’s Major holders
VANGUARD GROUP INC, with 9.5312% or 46.89 million shares worth $721.69 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Pacer U.S. Cash Cows 100 ETF and iShares Core S&P Midcap ETF were the top two Mutual Funds as of Oct 31, 2024. The former held 25.93 shares worth $239.97 million, making up 5.24% of all outstanding shares. On the other hand, iShares Core S&P Midcap ETF held roughly 15.71 shares worth around $145.42 million, which represents about 3.18% of the total shares outstanding.
