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.
Similarly, 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.
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.
Thereof, Is Cleveland-Cliffs a good investment?
Is Cleveland-Cliffs a good buy? Yes. Share prices are low right now and should go back up over time. Investors should treat this opportunity as a long-term investment.
Is Cleveland-Cliffs a good stock to buy?
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 undervalued?
(NYSE:CLF) Suggests It’s 49% Undervalued.
Is Cleveland-Cliffs Inc a good stock to buy?
Is Cleveland-Cliffs a good buy? Yes. Share prices are low right now and should go back up over time. Investors should treat this opportunity as a long-term investment.
Does Cramer like Cleveland-Cliffs?
It’s that time again! “Mad Money” host Jim Cramer rings the lightning round bell, which means he’s giving his answers to callers’ stock questions at rapid speed.
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 |
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 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.
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.
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% |
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.
Does Cleveland-Cliffs pay a dividend?
CLEVELAND-CLIFFS (NYSE: CLF) does not pay a dividend.
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.
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