Analysts Point To Cleveland-Cliffs Inc (NYSE: CLF) Growth In The Future

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NYSE-listed company operates within the Steel industry segment, falling under the Basic Materials sector. The current market capitalization of Cleveland-Cliffs Inc is $10.48B. A total of 6.63 million shares were traded on the day, compared to an average of 8.35M shares.

In the most recent transaction, GREEN SUSAN MIRANDA sold 6,500 shares of CLF for 20.40 per share on Mar 13 ’24. After the transaction, the Director now owns 90,286 company shares. In a previous transaction on Mar 06 ’24, Yocum Arlene M bought 2,000 shares at 20.02 per share. CLF shares that Director owns now total 94,887.

Among the insiders who sold shares, GONCALVES LOURENCO disposed of 187,136 shares on Mar 06 ’24 at a per-share price of $20.19. This resulted in the Chairman, President & CEO holding 2,699,089 shares of CLF after the transaction. In another insider transaction, Fedor Terry G. sold 27,430 shares at $20.19 per share on Mar 06 ’24. Company shares held by the EVP, Operations now total 534,617.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, CLF has a high of $22.97 and a low of $13.61.

As of this writing, CLF has an earnings estimate of $CLF/CLP per share for the current quarter. EPS was calculated based on a consensus of Crude Oil May 24 estimates, with a high estimate of $CLF/BRX per share and a lower estimate of $Corn Dec 20.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. CLF’s latest balance sheet shows that the firm has $48.00M in Cash & Short Term Investments as of fiscal 2021. There were $5.24B in debt and $3.56B in liabilities at the time. Its Book Value Per Share was $15.62, while its Total Shareholder’s Equity was $5.77B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CLF is Buy with a score of 3.20.

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