Cleveland-Cliffs Inc (NYSE:CLF) has a beta value of 1.92 and has seen 7.0 million shares traded in the recent trading session. The company, currently valued at $4.06B, closed the recent trade at $8.21 per share which meant it lost -$0.01 on the day or -0.12% during that session. The CLF stock price is -179.78% off its 52-week high price of $22.97 and 3.65% above the 52-week low of $7.91. If we look at the company’s 10-day average daily trading volume, we find that it stood at 21.47 million shares traded. The 3-month trading volume is 19.03 million shares.
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 -0.78.
Cleveland-Cliffs Inc (NYSE:CLF) trade information
Sporting -0.12% 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 $8.21 or saw a rise of 13.58%. Year-to-date, Cleveland-Cliffs Inc shares have moved -12.66%, while the 5-day performance has seen it change -12.66%. Over the past 30 days, the shares of Cleveland-Cliffs Inc (NYSE:CLF) have changed -18.63%. Short interest in the company has seen 58.28 million shares shorted with days to cover at 2.67.
Wall Street analysts have a consensus price target for the stock at $11, which means that the shares’ value could jump 25.36% 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 -33.98% off the targeted high while a plunge would see the stock gain -33.98% from the levels at last check today.
Cleveland-Cliffs Inc (CLF) estimates and forecasts
The company’s shares have lost -35.66% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 6.61%.
7 analysts offering their estimates for the company have set an average revenue estimate of 4.71B for the current quarter. 7 have an estimated revenue figure of 5.26B for the next ending quarter. Year-ago sales stood 5.2B and 5.09B respectively for this quarter and the next, and analysts expect sales will shrink by -9.48% for the current quarter and 6.61% for the next.
CLF Dividends
Cleveland-Cliffs Inc is expected to release its next earnings report on 2025-Feb-23 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
Insiders own 1.76% of the company shares, while shares held by institutions stand at 73.90% with a share float percentage of 75.22%. Investors are also buoyed by the number of investors in a company, with Cleveland-Cliffs Inc having a total of 727.0 institutions that hold shares in the company. 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 10.8704% 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 iShares Trust-iShares Core S&P Mid-Cap ETF and VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund. As of Feb 28, 2025, the former fund manager holds about 3.18% shares in the company for having 15.74 shares of worth $128.67 million while later fund manager owns 15.57 shares of worth $127.28 million as of Dec 31, 2024, which makes it owner of about 3.15% of company’s outstanding stock.
