Why is CLF stock up?
Jul 21, 2021 · In the last ten days it is down almost 10% while if we look at the change over the last one month, the stock is down 12%. The primary reason for the drop has been volatility in commodity prices ami
How much debt does CLF have?
Feb 25, 2021 · Shares of steelmaker Cleveland-Cliffs ( CLF -7.33%) dropped 14.7% Thursday after the company reported its fourth-quarter and full-year 2020 earnings. Like other companies in the sector, Cleveland ...
Why is Cleveland-Cliffs stock rising?
May 11, 2022 · The drop extended the stock's downward trend this year, with it dropping over 35% in just the last month. Rather it was a warning in the company's Securities and Exchange Commission (SEC) filing.
How much did Eric M. Rychel buy Cleveland-Cliffs Inc stock?
Apr 22, 2022 · Why Did Cleveland Cliffs Stock Drop 12 In A Week Cliffs Natural Resources CLF is falling Thursday after Deutsche Bank lowered its iron ore price estimates and Casablanca Capital sent a.. Why Cleveland-Cliffs Stock Soared in March. Share prices skyrocketed as everyone rushed to own a legal piece of the cannabis industry but the entire market.
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Why did CLF drop?
Is CLF stock a good buy now?
Will CLF go up?
The 8 analysts offering 12-month price forecasts for Cleveland-Cliffs Inc have a median target of 34.00, with a high estimate of 47.00 and a low estimate of 23.50. The median estimate represents a +28.01% increase from the last price of 26.56.
Is CLF stock a buy or sell?
Who owns CLF stock?
...
Top 10 Owners of Cleveland-Cliffs Inc.
| Stockholder | BlackRock Fund Advisors |
|---|---|
| Shares owned | 34,797,978 |
| Total value ($) | 1,120,842,871 |
| Shares bought / sold | +402,597 |
Does CLF pay a dividend?
Why is CLF stock rising?
Shares in steelmaker Cleveland-Cliffs (NYSE: CLF) surged a remarkable 44.1% in March, according to data provided by S&P Global Market Intelligence. The move comes as steel and iron ore prices surged due to the war in Ukraine.
What sector is CLF stock?
What is Zacks rating of CLF?
| Current (1=Strong Buy, 5=Strong Sell) | 1.80 |
|---|---|
| 30 Days Ago | 2.00 |
| 60 Days Ago | 2.00 |
| 90 Days Ago | 2.00 |
After shares more than doubled in the last six months, investors didn't think fourth-quarter earnings were enough
What happened
Howard grew up in Philadelphia watching the Philly sports teams struggle for championships. He has been investing since 1989 and been a Fool since 2001. Prior to joining The Fool as a contract writer in 2019, Howard worked in the steel business as an engineer for 28 years.
So what
Shares of steelmaker Cleveland-Cliffs ( NYSE:CLF) dropped 14.7% Thursday after the company reported its fourth-quarter and full-year 2020 earnings. Like other companies in the sector, Cleveland-Cliffs had a good fourth quarter and expects an even better first quarter of 2021.
Now what
But net income of only $74 million on sales of $2.3 billion fell short for investors. Larger competitor Nucor ( NYSE:NUE) reported Q4 earnings of almost $400 million, for example, on sales of $5.26 billion.
The iron ore producer is making a bold move to vertically integrate the steel industry
Investors clearly expected to see more benefits in the current, strong business environment. Cleveland-Cliffs has borrowed heavily to grow its business beyond a supplier to steelmakers into the largest flat-rolled steel producer in North America.
What happened
Lou has followed the markets for more than two decades, developing extensive contacts including industry leaders, consultants, regulators, and labor representatives. He spends a lot of time these days focused on the industrials and financials.
So what
Shares of Cleveland-Cliffs ( NYSE:CLF) fell more than 13% on Tuesday morning after the iron ore producer announced plans to acquire AK Steel ( NYSE:AKS) for $1.1 billion in stock. The buyer sees opportunities to cut costs via vertical integration, but the markets on Tuesday at least were more focused on the risks.
Now what
Before markets opened on Tuesday, Cleveland-Cliffs said it has agreed to swap 0.40 shares for each share of AK Steel. Based on Monday's close, the deal values AK Steel at about $3.36 per share, a 16% premium to the target's Monday close. But much of that premium evaporated on Tuesday as Cleveland-Cliffs shares fell.
