Cleveland-Cliffs: Is The Correction Over? [Seeking Alpha]
Cleveland-Cliffs Inc. (CLF)
Last cleveland-cliffs inc. earnings: 2/20 07:00 am
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US:NYSE Investor Relations:
clevelandcliffs.com/investors/overview/default.aspx
Company Research
Source: Seeking Alpha
Summary Cleveland-Cliffs shares corrected from $13.00 to $8.50, before rebounding to ~$9.50. Such moves happened before, taking the company's shares into the area of ridiculously cheap valuations. I believe that this time is no different. I reiterate my target of $15.00, and I view the $8.50-9.50 range as good for new long entries. Corrections in Cleveland-Cliffs ( CLF ) shares have been notoriously significant, and the most recent one was no exception, taking the stock from $13.00 to $8.50 after a run from $6.50 to $13.00. At this point, I believe that we have already seen the bottom of the current correction and that Cliffs shares may be ready to finally get out of the current downside channel. Steel names like U.S. Steel ( X ), AK Steel ( AKS ) or Steel Dynamics ( STLD ) have been under major pressure recently, inflicting downside in steel-related names like Cliffs. The recent blow was delivered by Steel Dynamics’ announcement of a major electric ar
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CLF
News
- Cleveland-Cliffs: Q1 Dip Provides Great Discount [Seeking Alpha]Seeking Alpha
- Cleveland-Cliffs Is A Long-Term Growth Strategy [Seeking Alpha]Seeking Alpha
- Cleveland-Cliffs (CLF) Earnings & Revenues Lag Estimates in Q1 [Yahoo! Finance]Yahoo! Finance
- Cleveland-Cliffs Inc. (NYSE: CLF) had its price target lowered by analysts at JPMorgan Chase & Co. from $24.00 to $23.00. They now have an "overweight" rating on the stock.MarketBeat
- Why Cleveland-Cliffs Plunged on Tuesday [Yahoo! Finance]Yahoo! Finance
CLF
Earnings
- 4/22/24 - Miss
CLF
Sec Filings
- 4/25/24 - Form 10-Q
- 4/22/24 - Form 8-K
- 4/5/24 - Form 8-K
- CLF's page on the SEC website