In recent trading session, Cleveland-Cliffs Inc (NYSE:CLF) saw 2.97 million shares changing hands at last check today with its beta currently measuring 1.83. Company’s recent per share price level of $10.15 trading at $0.42 or 4.37% at last check today assigns it a market valuation of $5.02B. That most recent trading price of CLF’s stock is at a discount of -126.31% from its 52-week high price of $22.97 and is indicating a premium of 16.26% from its 52-week low price of $8.50. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 25.06 million shares which gives us an average trading volume of 18.28 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 2.36. 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 -0.73 in the current quarter.
Cleveland-Cliffs Inc (NYSE:CLF) trade information
Upright in the green today for gaining 4.37%, in the last five days CLF remained trading in the green while hitting it’s week-highest on Thursday, 03/13/25 when the stock touched $10.15 price level, adding 1.17% to its value on the day. Cleveland-Cliffs Inc’s shares saw a change of 8.03% in year-to-date performance and have moved 3.52% in past 5-day. Cleveland-Cliffs Inc (NYSE:CLF) showed a performance of -3.84% in past 30-days. Number of shares sold short was 54.24 million shares which calculate 2.82 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 11 to the stock, which implies a rise of 7.73% to its recent value today. Analysts have been projecting 11 as a low price target for the stock while placing it at a high target of 11. It follows that stock’s current price would drop -8.37% in reaching the projected high whereas dropping to the targeted low would mean a loss of -8.37% for stock’s current value.
Cleveland-Cliffs Inc (CLF) estimates and forecasts
This year revenue growth is estimated to rise 7.21% 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 4.73B for the same. And 6 analysts are in estimates of company making revenue of 5.31B in the next quarter. Company posted 5.2B and 5.09B of sales in current and next quarters respectively a year earlier.
Cleveland-Cliffs Inc (NYSE:CLF)’s Major holders
Insiders are in possession of 1.76% of company’s total shares while institution are holding 73.93 percent of that, with stock having share float percentage of 75.25%. Investors also watch the number of corporate investors in a company very closely, which is 73.93% 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.
On the other hand, Pacer U.S. Cash Cows 100 ETF and iShares Core S&P Midcap ETF are the top two Mutual Funds which own company’s shares. As of Oct 31, 2024, the former fund manager was holding 25.93 shares of worth $266.81 million or 5.24% of the total outstanding shares. The later fund manager was in possession of 15.8 shares on Jan 31, 2025, making its stake of worth around $162.56 million in the company or a holder of 3.19% of company’s stock.
