Last Updated: 17 Sep 2024
Executive Summary
Cleveland-Cliffs Inc. (CLF) is a leading iron ore mining company with a market capitalization of $5.57 billion. The company has a strong financial position with an EBITDA of $1.64 billion and a profit margin of 0.0021. CLF's stock price is currently trading at $11.75, below its 52-week high of $22.97. Analysts have a mixed outlook on the stock, with 1 rating it a Strong Buy, 2 rating it a Buy, 7 rating it a Hold, 2 rating it a Sell, and 1 rating it a Strong Sell.
Company Overview
Cleveland-Cliffs Inc. is an independent iron ore mining company headquartered in Cleveland, Ohio. The company operates mines in the United States, Canada, and internationally. CLF's primary products are iron ore pellets and hot briquetted iron (HBI). The company's customers include steel mills and foundries.
Fundamental Analysis
CLF's financial performance has been mixed in recent quarters. The company's revenue declined by 0.149% year-over-year in the most recent quarter, and its earnings per share (EPS) declined by 0.994%. However, CLF's EBITDA and profit margin have remained relatively stable.
CLF's valuation metrics are currently attractive. The company's trailing price-to-earnings (PE) ratio of 130.56 is below its historical average. CLF's forward PE ratio of 13.32 is also below the industry average.
Technical Analysis
CLF's stock price has been trending lower in recent months. The stock is currently trading below its 50-day moving average of $13.69 and its 200-day moving average of $17.51. CLF's relative strength index (RSI) is currently at 35.36, indicating that the stock is oversold.
Short Term Outlook
CLF's stock price is likely to remain under pressure in the short term. The company's recent financial performance has been disappointing, and the technical indicators are bearish. CLF's stock price could fall to $10.00 or lower in the coming weeks.
Long Term Outlook
CLF's long-term outlook is more positive. The company is a leader in the iron ore mining industry, and it has a strong financial position. CLF is also benefiting from the rising demand for steel. CLF's stock price could reach $15.00 or higher in the next 12 months.
Analyst Recommendations
Analysts have a mixed outlook on CLF's stock. The consensus recommendation is a Hold. However, some analysts believe that CLF's stock is undervalued and could be a good investment for long-term investors.
