In yesterday’s Wall Street session, Cleveland-Cliffs Inc (NYSE:CLF) shares traded at $5.94, down -6.90% from the previous session.
CLF stock price is now -24.58% away from the 50-day moving average and -44.19% away from the 200-day moving average. The market capitalization of the company currently stands at $2.94B.
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, Graham James D, EVP Chief Legal Admin & Sec sold 120,000 shares of the company’s stock on May 23 ’25. The stock was sold for $822,036 at an average price of $6.85. Upon completion of the transaction, the EVP Chief Legal Admin & Sec now directly owns 492,249 shares in the company, valued at $2.92 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 23 ’25, Officer Graham James D bought 120,000 shares of the business’s stock. A total of $822,038 was incurred on buying the stock at an average price of $6.85. A total of 1.84% of the company’s stock is owned by insiders.
During the past 12 months, Cleveland-Cliffs Inc has had a low of $6.04 and a high of $17.41. As of last week, the company has a debt-to-equity ratio of 1.22, a current ratio of 2.13, and a quick ratio of 0.64.
The net profit margin was -6.35% and return on equity was -17.57% for CLF. The company reported revenue of $4.63 billion for the quarter, compared to $5.2 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -10.96 percent.
