In today’s recent session, 3.67 million shares of the Cleveland-Cliffs Inc (NYSE:CLF) have been traded, and its beta is 1.88. Most recently the company’s share price was $9.55, and it changed around $0.26 or 2.74% from the last close, which brings the market valuation of the company to $4.72B. CLF at last check was trading at a discount to its 52-week high of $22.97, offering almost -140.52% off that amount. The share price’s 52-week low was $8.50, which indicates that the recent value has risen by an impressive 10.99% since then. We note from Cleveland-Cliffs Inc’s average daily trading volume that its 10-day average is 22.21 million shares, with the 3-month average coming to 18.19 million.
Cleveland-Cliffs Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.36. 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 (NYSE:CLF) trade information
Instantly CLF has been showing a green trend so far today with a performance of 2.74% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 9.84 on recent trading dayincreased the stock’s daily price by 2.95%. The company’s shares are currently up 1.54% year-to-date, but still down -1.39% over the last five days. On the other hand, Cleveland-Cliffs Inc (NYSE:CLF) is -14.39% down in the 30-day period. We can see from the shorts that 54.24 million shares have been sold at a short interest cover period of 2.82 day(s).
The consensus price target as assigned by Wall Street analysts is $11, which translates to bulls needing to increase their stock price by 13.18% from its current value. Analyst projections state that CLF is forecast to be at a low of $11 and a high of $11.
CLF Dividends
Cleveland-Cliffs Inc’s next quarterly earnings report is expected to be released on 2025-Feb-23. The average dividend yield for the past five years averaged 4.7 per year.
Cleveland-Cliffs Inc (NYSE:CLF)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 1.76% of Cleveland-Cliffs Inc shares, and 73.91% of them are in the hands of institutional investors. The stock currently has a share float of 75.23%. Cleveland-Cliffs Inc stock is held by 741.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 10.4506% of the shares, which is about 51.42 million shares worth $791.31 million.
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 US Cash Cows 100 ETF and iShares Core S&P Mid-Cap ETF were the top two Mutual Funds as of Oct 31, 2024. The former held 25.93 shares worth $248.66 million, making up 5.24% of all outstanding shares. On the other hand, iShares Core S&P Mid-Cap ETF held roughly 15.74 shares worth around $150.94 million, which represents about 3.18% of the total shares outstanding.
