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Cleveland-Cliffs Inc. (CLF)

NYSE - NYSE Delayed Price. Currency in USD
22.74+0.61 (+2.76%)
At close: 04:00PM EDT
22.72 -0.02 (-0.09%)
After hours: 07:59PM EDT
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Bullishpattern detected
Triple Moving Average Crossover

Triple Moving Average Crossover

Previous Close22.13
Open22.29
Bid22.70 x 900
Ask22.74 x 1400
Day's Range22.25 - 22.78
52 Week Range13.61 - 22.78
Volume6,563,540
Avg. Volume8,813,778
Market Cap11.331B
Beta (5Y Monthly)2.01
PE Ratio (TTM)29.15
EPS (TTM)0.78
Earnings DateApr 22, 2024 - Apr 26, 2024
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateApr 02, 2020
1y Target Est19.48
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Overvalued
-15% Est. Return

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    The Argus Mid-Cap Model PortfolioSmall- and mid-cap stocks (SMID) have underperformed large-caps over the past 12 months, but may be in a better position to generate market-beating returns going forward. SMID companies tend to focus on domestic markets, so their businesses could be less disrupted by the fallout from global events. As well, the prices of SMID stocks generally are lower than the prices of large-caps. As well, there are long stretches in the record books when SMID stocks have outperformed large-caps. That said, SMID stocks can be risky. The standard deviation for monthly returns was 5.7% for SMID stocks over a 2003-2021 test period, versus 4.3% for large-caps. Still, despite the risks, diversified investors look to have exposure to small- and mid-caps based on the long-term performance record.
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  • Barrons.com

    Cleveland-Cliffs Gets Double Upgraded as Analyst Looks to Rotate ‘Out of Tech Into Value’

    Cleveland-Cliffs stock was rising Thursday after a GLJ Research analyst double upgraded the shares, calling the steel stock a “defensive play” in a high interest rate environment. Gordon Johnson upgraded shares of Cleveland-Cliffs to Buy from Sell with a $27.20 price target, which implies a 23% increase from the stock’s closing price on Wednesday. Johnson wrote in a research note Thursday that he believes interest rates are actually headed higher “as bond market investors demand higher yields to compensate for what we believe will be much higher than expected inflation.”

  • Zacks

    Cleveland-Cliffs (CLF) to Receive $575M in DOE Investments

    Cleveland-Cliffs (CLF) will replace its existing blast furnace at its Middletown Works Facility in Middletown with a 2.5mtpa Hydrogen-Ready DRI Plant and two 120 MW EMF.

  • Business Wire

    Cleveland-Cliffs Announces Price Increase for Hot Rolled, Cold Rolled and Coated Steel Products

    CLEVELAND, March 27, 2024--Cleveland-Cliffs Inc. (NYSE: CLF) today announced that it is increasing current spot market base prices by $60 per net ton for all carbon hot rolled, cold rolled and coated steel products, effective immediately with all new orders. Cliffs’ minimum base price for hot rolled steel is now $900 per net ton.