In yesterday’s Wall Street session, Cleveland-Cliffs Inc (NYSE:CLF) shares traded at $7.6, up 2.43% from the previous session.
CLF stock price is now 2.34% away from the 50-day moving average and -24.38% away from the 200-day moving average. The market capitalization of the company currently stands at $3.76B.
With the price target maintained at $6, Jefferies recently Downgraded its rating from Buy to Hold for Cleveland-Cliffs Inc (NYSE: CLF). On December 02, 2024, Goldman recently initiated its ‘Buy’ rating on the stock quoting a target price of $16, while ‘Seaport Research Partners’ rates the stock as ‘Buy’
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 $3.74 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 1.86% of the company’s stock is owned by insiders.
During the past 12 months, Cleveland-Cliffs Inc has had a low of $5.63 and a high of $16.47. 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 fifty day moving average price for CLF is $7.426 and a two-hundred day moving average price translates $10.0499 for the stock.
The latest earnings results from Cleveland-Cliffs Inc (NYSE: CLF) was released for 2025-03-31. 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. For the current quarter, analysts expect CLF to generate $4.9B in revenue.
