The price of Cleveland-Cliffs Inc (NYSE:CLF) shares last traded on Wall Street fell -3.52% to $12.05.
CLF stock price is now -4.84% away from the 50-day moving average and -24.16% away from the 200-day moving average. The market capitalization of the company currently stands at $5.95B.
With the price target maintained at $16.50, Seaport Research Partners recently Upgraded its rating from Neutral to Buy for Cleveland-Cliffs Inc (NYSE: CLF). On June 11, 2024, JP Morgan Downgraded its previous ‘Overweight’ rating to ‘Neutral’ on the stock reducing its target price from $23 to quote $17, while ‘Jefferies’ rates the stock as ‘Buy’
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 $0.77 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 $1.56 million. A total of 2.14% of the company’s stock is owned by insiders.
During the past 12 months, Cleveland-Cliffs Inc has had a low of $10.21 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 $12.658 and a two-hundred day moving average price translates $15.92705 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.
