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
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.