How to Buy Cleveland Cliffs Stock
Cleveland Cliffs Inc
Cleveland Cliffs is a steel company located in Ohio, United States, which is part of the Basic Materials sector, and is traded under the ticker CLF on the NYSE exchange.
Cleveland Cliffs stock last closed at $18.23, down 0.49% from the previous day, and has increased 19.38% in one year. It has overperformed other stocks in the Steel industry by 0.02 percentage points. Cleveland Cliffs stock is currently +33.95% from its 52-week low of $13.61, and -20.64% from its 52-week high of $22.97.
At the moment, there are 475.48M CLF shares outstanding. The market capitalization of CLF is $8.67B. In the last 24 hours, 14.29M CLF shares were traded.
How to Buy Cleveland Cliffs Stock
Wondering how to invest in Cleveland Cliffs stock? Here's how.
- Figure out where to buy Cleveland Cliffs stock: You need to decide on an online brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you decide where to buy Cleveland Cliffs stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit funds into your investment account: Select your payment method and add your info.
- Evaluate Cleveland Cliffs stock: The Cleveland Cliffs ticker symbol is CLF. Is Cleveland Cliffs stock a good investment? Should you buy shares of CLF? How do CLF's underlying business fundamentals look? Do top analysts think Cleveland Cliffs is a good buy? Why has CLF's stock price moved recently? (Hint: Our stock market analysis tools can help you figure out if CLF is a good stock to buy).
- Place your CLF trade: Decide if you will purchase CLF shares at the current market price or use a limit order to purchase CLF shares at a particular price.
- Get updates on your investment in CLF: Create a watchlist to the latest updates on your new investment in Cleveland Cliffs shares.
Step 1: Figure out where to buy Cleveland Cliffs stock
You will need an online brokerage account in order to access the NYSE market and buy CLF stock.
Our preferred brokerage: eToro
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've picked your brokerage, you need to fill out some personal info so you can buy CLF stock today.
How to Set Up a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal data to start your new brokerage account.
- Send your application by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you have finished signing up on one of the most highly reviewed stock market apps, you can securely and quickly fund your account:
Watch this video walkthrough for more details depositing funds into your brokerage account.
Step 4: Evaluate Cleveland Cliffs stock
Once you have decided on the best place to buy Cleveland Cliffs stock, it's critical to evaluate their stock before you buy, so you can understand the risk and opportunity.
Cleveland Cliffs shares at a glance
Fundamentals of CLF
WallStreetZen was created to help everyday investors do more accurate fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on CLF's stock page.
Is CLF stock undervalued?
Investors use many financial metrics, analyses, models, and charts to gauge CLF's intrinsic value.
Using relative valuations measures:
- CLF may be overvalued based on its P/E ratio of 23.99x, relative to Steel industry P/E ratio of 13.24x
- CLF could be overvalued based on its P/B ratio of 1.2x, relative to Steel industry P/B ratio of 0.94x
- CLF could be undervalued based on its PEG ratio of 0.18x
You can do more valuation research on CLF's stock here.
CLF Financial Health Summary
Passed Health Checks:
- There are more short-term assets than long-term liabilities on the CLF balance sheet.
- CLF's operating cash flow of $2.45B allows it to safely service it's debt of $3.66B.
- Total CLF debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than short-term liabilities on the CLF balance sheet.
Failed Health Checks:
- CLF profit margin has gone down from 2.1% to 1.8% in the past year.
- CLF earnings of $818.00M is not enough to cover its interest payments.
- CLF has a relatively high debt to equity ratio of 1.36.
Is Cleveland Cliffs stock a Buy, Hold, or Sell, according to analysts?
Out of 5 Equities analysts who give forecasts on CLF, the consensus analyst rating on Cleveland Cliffs is a Buy
Please keep in mind that analyst ratings are not recommendations, nor are they financial advice.
You can dive deeper into what analysts are saying on the Cleveland Cliffs stock forecast page.
CLF Trading Indicators
CLF Earnings
Last year, CLF earnings were $389.00M. In the last 5 year, CLF's earnings have grown by -28.23% per year. This was slower than the Steel industry average of 10.75%.
Last year, CLF revenue was $21.90B. During the last 5 year, CLF's revenue has grown by 56.82% per year. This was faster than the Steel industry average of 7.57%.
You can analyze CLF's earnings and revenue performance here.
What are CLF executives and large shareholders up to?
In the past 12 months, insiders at CLF have sold more shares than they have bought.
Robert P. Fisher Jr., Director of CLF, was the latest CLF insider to buy. They bought $10,006.29 worth of CLF shares on Apr 1, 2024.
Learn more about who owns CLF stock here.
Can I get consistent income from CLF stock?
No, Cleveland Cliffs doesn't provide an income stream by paying out dividends.
Get opinions from other investors
One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.
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Step 5: Place your CLF trade
There are two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are usually sufficient. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at an exact price, use a limit order.
Hit the Open Trade button and your broker will execute the order.
If you need more info about investing in stocks on eToro, watch the helpful video below:
Step 6: Get updates on your investment in CLF
Now that you own some shares in CLF, you'll want to keep up with your new shares.
Add CLF to a watchlist to see the latest developments about your CLF stock.
CLF Feed
How to Buy Stock in Cleveland Cliffs
To summarize, here are the 6 steps to buy Cleveland Cliffs stock:
- Figure out where to buy Cleveland Cliffs stock
- Sign up for a brokerage account
- Deposit funds into your investment account
- Evaluate Cleveland Cliffs stock
- Place your CLF trade
- Get updates on your investment in CLF
If you need a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to get notifications regarding your investment in Cleveland Cliffs, create a watchlist on WallStreetZen today.
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