Currently, there are 504.89M common shares owned by the public and among those 458.04M shares have been available to trade.
The company’s stock has a 5-day price change of 1.08% and -18.94% over the past three months. CLF shares are trading -35.65% year to date (YTD), with the 12-month market performance down to -16.52% lower. It has a 12-month low price of $10.21 and touched a high of $22.97 over the same period. CLF has an average intraday trading volume of 11.98 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 5.20%, 4.42%, and -22.36% respectively.
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Institutional ownership of Cleveland-Cliffs Inc (NYSE: CLF) shares accounts for 73.06% of the company’s 504.89M shares outstanding.
It has a market capitalization of $6.15B and a beta (3y monthly) value of 1.97. The stock’s trailing 12-month PE ratio is 164.87, while the earnings-per-share (ttm) stands at $0.08. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.30% over the week and 3.45% over the month.
Earnings per share for the fiscal year are expected to decrease by -129.91%, and 279.83% over the next financial year.
Looking at the support for the CLF, a number of firms have released research notes about the stock. Seaport Research Partners stated their Buy rating for the stock in a research note on August 27, 2024, with the firm’s price target at $16.50. JP Morgan coverage for the Cleveland-Cliffs Inc (CLF) stock in a research note released on June 11, 2024 offered a Neutral rating with a price target of $17. Jefferies was of a view on May 20, 2024 that the stock is Buy, while Wolfe Research gave the stock Underperform rating on April 09, 2024, issuing a price target of $18. Citigroup on their part issued Neutral rating on March 13, 2024.
