Cleveland-Cliffs Inc. (NYSE:CLF) traded today at a new 52-week high of $29.62. Approximately 7.2 million shares have changed hands today, as compared to an average 30-day volume of 25.7 million shares.
Cleveland-Cliffs Inc is a flat-rolled steel producer and a manufacturer of iron ore pellets in North America. It is vertically integrated from mined raw materials and direct reduced iron to primary steelmaking and downstream finishing, stamping, tooling and tubing. The company serves a diverse range of markets due to its comprehensive offering of flat-rolled steel products and supplying of steel to the automotive industry in North America. The group employs approximately 26,000 people across its mining, steel and downstream manufacturing operations in the United States and Canada.
Based on a current price of $29.54, Cleveland-Cliffs Inc. is currently 3.1% above its average consensus analyst price target of $28.62.
Over the past year, Cleveland-Cliffs Inc. has traded in a range of $14.01 to $29.62 and is now at $29.54, 111% above that low.
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