Cleveland-cliffs Inc Stock Fair Value – Cleveland-Cliffs Experiences Seasonal Price Strength and Earns Rating Upgrade
June 15, 2023
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CLEVELAND-CLIFFS ($NYSE:CLF): Cleveland-Cliffs Inc. (CLF) is a mining and natural resources company headquartered in Cleveland, Ohio. The company specializes in iron ore production and mining operations, and produces a variety of iron ore products for steelmaking. Recently, CLF has been experiencing its traditional seasonal price strength during the summer months, resulting in a rating upgrade from various analysts. This rating upgrade reflects the company’s impressive performance in the stock market over the past few months.
CLF stock has been steadily climbing in value since April, with the price of the stock hitting its highest point in June. Even amidst turbulent trading, CLF has managed to keep its stock price above its target price. The rating upgrade reflects the confidence analysts have in CLF’s ability to continue its impressive performance and maintain its seasonal price strength, leading to further long-term gains. With the continued success of CLF, investors can be assured that the company is on track to achieve further success in the future.
Price History
Cleveland-Cliffs Inc. experienced a season of price strength on Wednesday. The stock opened at $17.1 and closed the day at $16.7, demonstrating a steady upward trend in the company’s value. This price strength resulted in a rating upgrade from analysts, who are bullish on the company’s prospects. The company’s strong performance indicates that the outlook for the company is positive and that investors should consider it as a potential investment opportunity. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cleveland-cliffs Inc. More…
| Total Revenues | Net Income | Net Margin |
| 22.33k | 477 | 2.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cleveland-cliffs Inc. More…
| Operations | Investing | Financing |
| 1.85k | -886 | -941 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cleveland-cliffs Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 18.65k | 10.86k | 15.13 |
Key Ratios Snapshot
Some of the financial key ratios for Cleveland-cliffs Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 116.8% | 27.6% | 4.3% |
| FCF Margin | ROE | ROA |
| 4.3% | 7.7% | 3.2% |
Analysis – Cleveland-cliffs Inc Stock Fair Value
We at GoodWhale have taken a look at CLEVELAND-CLIFFS INC and its overall wellbeing. Our proprietary Valuation Line has calculated the intrinsic value of the CLEVELAND-CLIFFS INC share to be around $24.5. However, the current trading price of the stock is only $16.7, meaning it is undervalued by 31.8%. This suggests that now may be an opportune time for investors to take advantage of this discount and consider buying the CLEVELAND-CLIFFS INC stock. More…
Peers
Cleveland-Cliffs Inc is one of the largest steel producers in the United States. The company’s main competitors are Nucor Corp, Steel Dynamics Inc, and United States Steel Corp. All four companies are large steel producers with a significant presence in the United States market.
– Nucor Corp ($NYSE:NUE)
Nucor Corporation is an American steel producer. Nucor is the largest steel producer in the United States. The company is the largest producer of steel reinforcement bars and steel joists in North America, and is the largest “minimill” steelmaker (that is, it uses electric arc furnaces to melt scrap steel as opposed to blast furnaces to melt iron). Nucor is also North America’s largest recycler of ferrous metals.
– Steel Dynamics Inc ($NASDAQ:STLD)
With a market cap of over $17 billion, Steel Dynamics is one of the largest steel producers in the United States. The company has a long history dating back to 1993, and it is headquartered in Fort Wayne, Indiana. Steel Dynamics produces a variety of steel products including hot rolled, cold rolled, and galvanized steel, as well as a variety of steel products for the automotive, construction, and appliance industries. The company has a strong focus on quality and customer satisfaction, and it has been recognized as one of the world’s most ethical companies. Steel Dynamics has a return on equity of 50.1%, which is significantly higher than the average for the steel industry. The company’s strong financial performance is due in part to its efficient operations and its commitment to shareholder value.
– United States Steel Corp ($NYSE:X)
United States Steel Corporation is an American integrated steel producer with major production operations in the United States, Canada, and Central Europe. The company’s global presence also extends to Mexico and the Caribbean. U. S. Steel is the largest domestic steel producer and the largest of the so-called mini-mill operators.
Summary
Cleveland-Cliffs Inc. is a publicly traded mining company which specializes in iron ore products. The company has seen strong seasonal price strength during the summer months, with improved ratings from analysts. This is largely due to increased demand for iron ore products during warmer months. Investors have taken note of this seasonal trend and have taken advantage by investing in the stock before the summer months.
In terms of fundamental analysis, Cleveland-Cliffs has a strong balance sheet and financial flexibility, providing an added level of confidence for investors looking to buy into the stock. Overall, the company has been able to capitalize on its competitive advantages and its seasonal price strength to provide investors with strong returns in the summer months.
