Cleveland-Cliffs Inc (NYSE:CLF) has a beta value of 1.89 and has seen 11.18 million shares traded in the recent trading session. The company, currently valued at $4.27B, closed the recent trade at $8.64 per share which meant it lost -$0.11 on the day or -1.27% during that session. The CLF stock price is -165.86% off its 52-week high price of $22.97 and 1.5% above the 52-week low of $8.51.
The consensus among analysts is that Cleveland-Cliffs Inc (CLF) is Buy stock at the moment, with a recommendation rating of 2.46. 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.
Cleveland-Cliffs Inc (NYSE:CLF) trade information
Sporting -1.27% in the red today, 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 $8.64 or saw a rise of 16.76%. Year-to-date, Cleveland-Cliffs Inc shares have moved -8.10%, while the 5-day performance has seen it change -8.78%. Over the past 30 days, the shares of Cleveland-Cliffs Inc (NYSE:CLF) have changed -13.96%.
Wall Street analysts have a consensus price target for the stock at $11, which means that the shares’ value could jump 21.45% from the levels at last check today. The projected low price target is $11.0 while the price target rests at a high of $11.0. In that case, then, we find that the latest price level in today’s session is -27.31% off the targeted high while a plunge would see the stock gain -27.31% from the levels at last check today.
CLF Dividends
Cleveland-Cliffs Inc is expected to release its next earnings report in April 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 5.24% shares in the company for having 25.93 shares of worth $222.6 million while later fund manager owns 15.71 shares of worth $134.89 million as of Dec 31, 2024, which makes it owner of about 3.18% of company’s outstanding stock.
