KeyBanc analyst Philip Gibbs maintained a Hold rating on Cleveland-Cliffs (CLF – Research Report) today. The company’s shares closed yesterday at $18.55.
According to TipRanks, Gibbs is a 5-star analyst with an average return of 19.8% and a 64.98% success rate. Gibbs covers the Basic Materials sector, focusing on stocks such as Universal Stainless & Alloy Products, Materion, and Commercial Metals Company.
Currently, the analyst consensus on Cleveland-Cliffs is a Hold with an average price target of $21.81, representing a 17.57% upside. In a report released on April 22, Bank of America Securities also maintained a Hold rating on the stock with a $25.00 price target.
The company has a one-year high of $22.97 and a one-year low of $13.61. Currently, Cleveland-Cliffs has an average volume of 8.79M.
Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CLF in relation to earlier this year. Last month, Terry Fedor, the EVP, Operations of CLF sold 27,430.00 shares for a total of $553,811.70.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Cleveland-Cliffs (CLF) Company Description:
Cleveland-Cliffs, Inc. is an iron ore mining company. It supplies iron ore pellets to the North American steel industry from mines and pellet plants located in Michigan and Minnesota. It operates through the following segments: Mining & Pelletizing and Metallics. The Mining & Pelletizing segment owns operational iron ore mines plus and indefinitely idled mine. The Metallics segment constructs an HBI production plant in Toledo, Ohio. The company was founded in 1847 and is headquartered in Cleveland, OH.
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