How Does Cleveland-Cliffs Inc (CLF) Stock Rank on Wall Street?

Monday, September 28, 2020 10:26 AM | InvestorsObserver Analysts

InvestorsObserver is giving Cleveland-Cliffs Inc (CLF) an Analyst Rating Rank of 23, meaning CLF is ranked higher by analysts than 23% of stocks. The average projection by analysts for CLF is $7.166 over the next 12 months and analyst’s classify the stock as a Buy

Overall Score - 3.5
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?

A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement.

Investors Observer averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.

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

Cleveland-Cliffs Inc (CLF) stock is trading at $6.27 as of 10:06 AM on Monday, Sep 28, a gain of $0.39, or 6.63% from the previous closing price of $5.88. The stock has traded between $6.16 and $6.48 so far today. Volume today is less active than usual. So far 5,097,865 shares have traded compared to average volume of 8,695,483 shares.

Click Here to get the full report on Cleveland-Cliffs Inc (CLF) Stock.

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