Previous Close | 22.13 |
Open | 22.29 |
Bid | 22.70 x 900 |
Ask | 22.74 x 1400 |
Day's Range | 22.25 - 22.78 |
52 Week Range | 13.61 - 22.78 |
Volume | |
Avg. Volume | 8,813,926 |
Market Cap | 11.331B |
Beta (5Y Monthly) | 2.01 |
PE Ratio (TTM) | 28.42 |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | Apr 02, 2020 |
1y Target Est | N/A |
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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.”
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.
ClevelandCliffs (CLF) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.