Out of 7 analysts, 3 (42.86%) are recommending STLD as a Strong Buy, 2 (28.57%) are recommending STLD as a Buy, 1 (14.29%) are recommending STLD as a Hold, 1 (14.29%) are recommending STLD as a Sell, and 0 (0%) are recommending STLD as a Strong Sell. What is STLD’s earnings growth forecast for 2022-2024?
Similarly, Is Steel Dynamics stock a buy?
Steel Dynamics has received a consensus rating of Buy. The company’s average rating score is 2.56, and is based on 6 buy ratings, 2 hold ratings, and 1 sell rating.
Is STLD a buy Zack? Steel Dynamics, Inc. – Buy. Zacks’ proprietary data indicates that Steel Dynamics, Inc. is currently rated as a Zacks Rank 1 and we are expecting an above average return from the STLD shares relative to the market in the next few months.
Thereof, 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.
Is CLF overvalued?
Price to Book Ratio
PB vs Industry: CLF is overvalued based on its PB Ratio (2.9x) compared to the US Metals and Mining industry average (2.4x).
Is CLF a buy now?
Cleveland-Cliffs has received a consensus rating of Buy. The company’s average rating score is 2.64, and is based on 7 buy ratings, 4 hold ratings, and no sell ratings.
Is CLF a buy or sell?
For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57%. A yield of 8.57% also means 8.57 cents of earnings for $1 of investment.
…
Momentum Scorecard. More Info.
| Zacks Rank | Definition | Annualized Return |
|---|---|---|
| 1 | Strong Buy | 24.93% |
| 2 | Buy | 18.44% |
| 3 | Hold | 9.99% |
| 4 | Sell | 5.61% |
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 |
Is CLF undervalued?
(NYSE:CLF) Suggests It’s 49% Undervalued.
What is CLF debt?
What Is Cleveland-Cliffs’s Net Debt? As you can see below, at the end of September 2021, Cleveland-Cliffs had US$5.35b of debt, up from US$4.31b a year ago. Click the image for more detail.
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 |
What sector is CLF stock?
Description. Cleveland-Cliffs Inc. operates as a flat-rolled steel producer in North America.
How do analysts rate CLF stock?
Stock Price Forecast
The 8 analysts offering 12-month price forecasts for Cleveland-Cliffs Inc have a median target of 31.00, with a high estimate of 46.00 and a low estimate of 23.50. The median estimate represents a +0.81% increase from the last price of 30.75.
How high will Cliffs go?
Stock Price Forecast
The 8 analysts offering 12-month price forecasts for Cleveland-Cliffs Inc have a median target of 31.00, with a high estimate of 46.00 and a low estimate of 23.50. The median estimate represents a +0.81% increase from the last price of 30.75.
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% |
Why is CLF dropping?
The drop in CLF stock recently has been driven by the fall in iron ore prices. The global price of iron ore per ton has fallen below $100. It currently stands at $94, which marks a decrease of 22% from the level of $121/ton seen a month back. Efforts of decarbonization in China have led to the drop in iron ore prices.
Is CLF a meme stock?
(NYSE: CLF) may be the unlikeliest of meme stocks. The company was founded 175 years ago. Looking at the short term, since November of 2020, the share price has risen by around 193%, after peaking at nearly 240% in mid-August of 2021.
How much cash does Cleveland Cliffs have?
Cleveland-Cliffs cash on hand for 2019 was $0.353B , a 57.12% decline from 2018.
…
Compare CLF With Other Stocks.
| Cleveland-Cliffs Annual Cash on Hand (Millions of US $) | |
|---|---|
| 2021 | $48 |
| 2020 | $112 |
| 2019 | $353 |
| 2018 | $823 |
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% |
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.
Does Cleveland-Cliffs pay a dividend?
CLEVELAND-CLIFFS (NYSE: CLF) does not pay a dividend.
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