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Cleveland-Cliffs Inc (CLF) Stock: Do Analysts Think You Should Accumulate?

Thursday, September 07, 2023 09:43 AM | InvestorsObserver Analysts

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Cleveland-Cliffs Inc (CLF) Stock: Do Analysts Think You Should Accumulate?

Wall Street is positive on Cleveland-Cliffs Inc (CLF). On average, analysts give Cleveland-Cliffs Inc a Buy rating. The average price target is $19.625, which means analysts expect the stock to gain by 33.50% over the next twelve months. That average ranking earns Cleveland-Cliffs Inc an Analyst Rating of 25, which is better than 25% of stocks based on data compiled by InvestorsObserver.

Overall Score - 3.7
Wall Street analysts are rating CLF a Buy today. Find out what this means to you and get the rest of the rankings on CLF!

Why are Analyst Ratings Important?

Analytical research by professionals can be extremely useful when making investment decisions in the stock market. Analysts are able to observe industries in detail and learn how geographical impacts can affect a company's balance sheet. This information allows investors to make decisions ahead of the curve. InvestorsObserver combines the ratings from these analysts and proceeds to percentile rank them. This grants you the ability to compare stocks in a comprehensive fashion as oppossed to a standard buy/hold/sell rating.

What's Happening With Cleveland-Cliffs Inc Stock Today?

Cleveland-Cliffs Inc (CLF) stock is trading at $14.70 as of 9:31 AM on Thursday, Sep 7, a decline of -$0.25, or -1.67% from the previous closing price of $14.95. The stock has traded between $14.63 and $14.76 so far today. Volume today is low. So far 76,292 shares have traded compared to average volume of 10,676,435 shares. Click Here to get the full Stock Report for Cleveland-Cliffs Inc stock.

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