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How to buy Cleveland-Cliffs (CLF) stocks in Canada

Learn how to easily invest in Cleveland-Cliffs stocks.

Cleveland-Cliffs is a steel business based in the US. Cleveland-Cliffs stocks (CLF.US) are listed on the NYSE and all prices are listed in US Dollars. Its last market close was $22.62 – an increase of 6.85% over the previous week. Cleveland-Cliffs employs 26,000 staff and has a trailing 12-month revenue of around $22.4 billion.

How to buy stocks in Cleveland-Cliffs

  1. Compare stock trading platforms. Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – CLF – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of stocks with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
  6. Check in on your investment. Optimize your portfolio by tracking your stock.

Cleveland-Cliffs stock price (NYSE:CLF)

Use our graph to track the performance of CLF stocks over time.

Cleveland-Cliffs shares at a glance

Information last updated 2022-05-19.
Latest market close$22.62
52-week range$15.81 - $34.04
50-day moving average $27.85
200-day moving average $23.22
Wall St. target price$33.88
PE ratio 3.0973
Dividend yield $0 (0%)
Earnings per share (TTM) $6.84

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Note: The dollar amounts in the table below are in Canadian dollars.

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Is it a good time to buy Cleveland-Cliffs stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Cleveland-Cliffs price performance over time

Historical closes compared with the close of $22.62 from 2022-05-24

1 week (2022-05-14) N/A
1 month (2022-04-25) -18.46%
3 months (2022-02-24) 16.60%
6 months (2021-11-24) -0.66%
1 year (2021-05-25) 24.29%
2 years (2020-05-22) 383.33%
3 years (2019-05-24) 142.96%
5 years (2017-05-25) 262.50%

Is Cleveland-Cliffs under- or over-valued?

Valuing Cleveland-Cliffs stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Cleveland-Cliffs's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Cleveland-Cliffs's P/E ratio

Cleveland-Cliffs's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 3x. In other words, Cleveland-Cliffs shares trade at around 3x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Cleveland-Cliffs's EBITDA

Cleveland-Cliffs's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $6.3 billion.

The EBITDA is a measure of a Cleveland-Cliffs's overall financial performance and is widely used to measure a its profitability.

Cleveland-Cliffs financials

Revenue TTM $22.4 billion
Operating margin TTM 23.66%
Gross profit TTM $4.5 billion
Return on assets TTM 17.88%
Return on equity TTM 75.23%
Profit margin 16.77%
Book value $12.08
Market capitalisation $11.1 billion

TTM: trailing 12 months

Cleveland-Cliffs share dividends

We're not expecting Cleveland-Cliffs to pay a dividend over the next 12 months.

Have Cleveland-Cliffs's shares ever split?

Cleveland-Cliffs's shares were split on a 2:1 basis on 16 May 2008. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Cleveland-Cliffs shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Cleveland-Cliffs shares which in turn could have impacted Cleveland-Cliffs's share price.

Cleveland-Cliffs share price volatility

Over the last 12 months, Cleveland-Cliffs's shares have ranged in value from as little as $15.81 up to $34.04. A popular way to gauge a stock's volatility is its "beta".

CLF.US volatility(beta: 2.12)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Cleveland-Cliffs's is 2.1162. This would suggest that Cleveland-Cliffs's shares are significantly more volatile than the average for this exchange and represent a higher risk.

Cleveland-Cliffs overview

Cleveland-Cliffs Inc. operates as a flat-rolled steel producer in North America. The company offers carbon steel products, such as hot-rolled, cold-rolled, electrogalvanized, hot-dip galvanized, hot-dip galvannealed, aluminized, enameling, and advanced high-strength steel products; stainless steel products; plates; and grain oriented and non-oriented electrical steel products. It also provides tubular components, including carbon steel, stainless steel, and electric resistance welded tubing. In addition, the company offers tinplate products, such as electrolytic tin coated and chrome coated sheet, and tin mill products; tooling and sampling; raw materials; ingots, rolled blooms, and cast blooms; and hot-briquetted iron products. Further, it owns five iron ore mines in Minnesota and Michigan. The company serves automotive, infrastructure and manufacturing, distributors and converters, and steel producers.

Frequently asked questions

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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