These Numbers Show Favorable Signs for Cleveland-Cliffs Inc. (CLF)

Cleveland-Cliffs Inc. (NYSE: CLF) is 7.83% higher on its value in year-to-date trading and has touched a low of $2.63 and a high of $15.02 in the current 52-week trading range. The CLF stock was last observed hovering at around $14.42 in the last trading session, with the day’s gains setting it 1.28% off its average median price target of $14.38 for the next 12 months. It is also 7.65% off the consensus price target high of $17.00 offered by 6 analysts, but current levels are -106.58% lower than the price target low of $7.60 for the same period.

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Currently trading at $15.70, the stock is 14.94% and 42.70% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 17.84 million and changing 8.88% at the moment leaves the stock 127.10% off its SMA200. CLF registered 101.54% gain for a year compared to 6-month gain of 195.67%. The firm has a 50-day simple moving average (SMA 50) of $12.39 and a 200-day simple moving average (SMA200) of $7.97.

The stock witnessed a 30.94% loss in the last 1 month and extending the period to 3 months gives it a 111.02%, and is 14.93% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.28% over the week and 5.95% over the month.

Cleveland-Cliffs Inc. (CLF) has around 2372 employees, a market worth around $6.26B and $3.63B in sales. Fwd P/E is 7.13. Profit margin for the company is -3.40%. Distance from 52-week low is 496.96% and 4.56% from its 52-week high. The company has generated returns on investments over the last 12 months (15.90%).

Cleveland-Cliffs Inc. (CLF) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Cleveland-Cliffs Inc. (CLF) is a “Overweight”. 6 analysts offering their recommendations for the stock have an average rating of 2.60, where 3 rate it as a Hold and 0 think it is a “Overweight”. 3 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Cleveland-Cliffs Inc. is expected to release its quarterly report on 04/29/2021 and quarterly earnings per share for the current quarter are estimated at $0.17 with sales reaching $1.83B over the same period.The EPS is expected to shrink by -69.70% this year, but quarterly earnings will post 154.10% year-over-year. Quarterly sales are estimated to grow 241.90% in year-over-year returns.

Cleveland-Cliffs Inc. (CLF) Top Institutional Holders

404 institutions hold shares in Cleveland-Cliffs Inc. (CLF), with 84.42M shares held by insiders accounting for 21.15% while institutional investors hold 89.55% of the company’s shares. The shares outstanding are 399.40M, and float is at 314.82M with Short Float at 17.81%. Institutions hold 70.62% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 58.84 million shares valued at $377.78 million. The investor’s holdings represent 14.74% of the CLF Shares outstanding. As of Sep 29, 2020, the second largest holder is Vanguard Group, Inc. (The) with 40.29 million shares valued at $258.67 million to account for 10.09% of the shares outstanding. The other top investors are Fisher Asset Management, LLC which holds 17.38 million shares representing 4.35% and valued at over $111.57 million, while State Street Corporation holds 4.12% of the shares totaling 16.46 million with a market value of $105.66 million.

Cleveland-Cliffs Inc. (CLF) Insider Activity

The most recent transaction is an insider purchase by HARLAN M ANN, the company’s Director. SEC filings show that HARLAN M ANN bought 5,000 shares of the company’s common stock on Mar 13 at a price of $4.42 per share for a total of $22100.0. Following the purchase, the insider now owns 27090.0 shares.

Cleveland-Cliffs Inc. disclosed in a document filed with the SEC on Mar 12 that Fisher Robert P Jr (Director) bought a total of 10,000 shares of the company’s common stock. The trade occurred on Mar 12 and was made at $4.00 per share for $40000.0. Following the transaction, the insider now directly holds 0.13 million shares of the CLF stock.

Still, SEC filings show that on Mar 12, Koci Keith (EVP, Chief Financial Officer) acquired 25,000 shares at an average price of $4.09 for $0.1 million. The insider now directly holds 124,649 shares of Cleveland-Cliffs Inc. (CLF).

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Cleveland-Cliffs Inc. (CLF): Who are the competitors?

The company’s main competitors (and peers) include United States Steel Corporation (X) that is trading 68.67% up over the past 12 months. Vale S.A. (VALE) is 36.95% up on the 1-year trading charts. Short interest in the company’s stock has fallen -14.4% from the last report on Nov 12, 2020 to stand at a total of 64.13 million short shares sold with a short interest ratio of 4.01.

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