The stock of Cleveland-Cliffs Inc (NYSE:CLF) last traded at $9.95, down -2.55% from the previous session.
CLF stock price is now -20.44% away from the 50-day moving average and -35.20% away from the 200-day moving average. The market capitalization of the company currently stands at $4.58B.
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With the price target of $16, Goldman recently initiated with Buy rating for Cleveland-Cliffs Inc (NYSE: CLF). On August 27, 2024, Seaport Research Partners Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $16.50, while ‘JP Morgan’ rates the stock as ‘Neutral’
In other news, Bloom Ron A., Director sold 1,554 shares of the company’s stock on Nov 20 ’24. The stock was sold for $18,283 at an average price of $11.77. Upon completion of the transaction, the Director now directly owns 64,024 shares in the company, valued at $0.64 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 01 ’24, Director BALDWIN JOHN T bought 8,000 shares of the business’s stock. A total of $116,240 was incurred on buying the stock at an average price of $14.53. This leaves the insider owning 129,227 shares of the company worth $1.29 million. A total of 2.02% of the company’s stock is owned by insiders.
During the past 12 months, Cleveland-Cliffs Inc has had a low of $10.18 and a high of $22.97. As of last week, the company has a debt-to-equity ratio of 0.55, a current ratio of 1.85, and a quick ratio of 0.55. The fifty day moving average price for CLF is $12.5672 and a two-hundred day moving average price translates $15.41005 for the stock.
The latest earnings results from Cleveland-Cliffs Inc (NYSE: CLF) was released for 2024-09-30. The net profit margin was -2.31% and return on equity was -6.20% for CLF. The company reported revenue of $4.57 billion for the quarter, compared to $5.61 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -18.48 percent.
