Is CLF a good investment?

Is CLF a good investment?

Cleveland-Cliffs Inc (CLF) is near the top in its sector according to InvestorsObserver. CLF gets an overall rating of 73. That means it scores higher than 73% of stocks. Cleveland-Cliffs Inc gets a 81 rank in the Basic Materials sector.

Similarly, Is CLF a good stock?

The Cleveland-Cliffs Inc. stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock.

Who owns CLF stock? Top 10 Owners of Cleveland-Cliffs Inc

Stockholder Stake Shares owned
The Vanguard Group, Inc. 7.92% 41,589,740
BlackRock Fund Advisors 6.62% 34,797,978
Fidelity Management & Research Co… 4.59% 24,101,186
SSgA Funds Management, Inc. 2.91% 15,270,791

Thereof, Who bought CLF?

(NYSE: CLF) in its merger with AK Steel Holding Corporation (NYSE: AKS) pursuant to which Cliffs acquired all of the issued and outstanding shares of AK Steel common stock.

What is Zacks rating of CLF?

CLF 32.36 +0.15(0.47%)

Zacks Investment Research is releasing its prediction for CLF based on the 1-3 month trading system that nearly triples the S&P 500.

How much debt is CLF?

Compare CLF With Other Stocks

Cleveland-Cliffs Debt/Equity Ratio Historical Data
Date Long Term Debt Shareholder’s Equity
2019-06-30 $3.11B $0.29B
2019-03-31 $3.05B $0.26B
2018-12-31 $3.11B $0.42B

What sector is CLF stock?

Description. Cleveland-Cliffs Inc. operates as a flat-rolled steel producer in North America.

What type of company is CLF?

Cleveland-Cliffs Inc (NYSE:CLF)

Cleveland-Cliffs, Inc. is a flat-rolled steel producer, which supplies iron ore pellets to the North American steel industry.

Where is Cleveland-Cliffs based out of?

CLEVELAND-CLIFFS INC. is North America’s largest supplier of iron-ore pellets to the steel industry and is the oldest iron-mining firm with headquarters in Cleveland.

How many shares does Cleveland-Cliffs have?

Share Statistics

Avg Vol (3 month) 3 23.76M
Shares Outstanding 5 524.41M
Implied Shares Outstanding 6 N/A
Float 8 479.61M
% Held by Insiders 1 1.33%

Who owns Cleveland-Cliffs?


Type Public company
Founder Samuel Mather and associates
Headquarters 200 Public Square, Cleveland , USA
Key people C. Lourenco Goncalves, Chairman, CEO & President Keith A. Koci, CFO Clifford T. Smith, COO
Products Iron ore pellets Direct reduced iron Steel Stainless steel

When did CLF buy AKS?

AK Steel Holding Corp. was delisted and deregistered from the New York Stock Exchange after Cleveland-Cliffs, Inc. (NYSE:CLF) finalized its $3 billion acquisition of the company March 13. The deal marks the creation of an integrated iron ore and steelmaking conglomerate for Cliffs.

What steel companies did Cleveland-Cliffs buy?

About Cleveland-Cliffs Inc.

In 2020, Cliffs acquired two major steelmakers, AK Steel and ArcelorMittal USA, vertically integrating its legacy iron ore business with quality-focused steel production and emphasis on the automotive end market.

How much is US Steel debt?

Total Assets

Dec 2021
Total Debt 4.09 B
Total Liabilities 8.71 B
Total Shareholder’s Equity 9.01 B
Book Value Per Share 34.15

How many shares does Cleveland Cliffs have?

Share Statistics

Avg Vol (3 month) 3 23.76M
Shares Outstanding 5 524.41M
Implied Shares Outstanding 6 N/A
Float 8 479.61M
% Held by Insiders 1 1.33%

What does CLF company do?

About Cleveland-Cliffs Inc

Cleveland-Cliffs Inc. is an integrated mining and flat-rolled steel producer. It is engaged in manufacturing iron ore pellets.

Why is CLF down?

Cleveland-Cliffs stock (NYSE: CLF) dropped more than 8% over the last one week (five trading days). This was due to overall weakness in the steel market. Stocks of other steel companies like U.S. Steel Corp and Commercial Metals company also declined over the last week.

Why is Cleveland-Cliffs down today?

Cleveland-Cliffs stock is falling after its fourth-quarter earnings disappointed the market. Shares of the steelmaker are inexpensive, but investors fear falling profits—and sliding prices for the metal.

How much steel does CLF produce?

The company operates many fully-integrated steel mills and finishing facilities in Kentucky, Indiana, Illinois, Ohio, Michigan, Pennsylvania, West Virginia, and North Carolina. It has annual production capacity of approximately 23 million net tons of raw steel.

Who are Cleveland-Cliffs competitors?

Cleveland-Cliffs’s competitors

Cleveland-Cliffs’s top competitors include Howmet Aerospace, Gerdau, Sandvik, China Minmetals and Barrick Gold Corporation. Cleveland-Cliffs (formerly Cliffs Natural Resources) is a company operating in the iron ore mining and steel industry.

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