A Director at Cleveland-Cliffs Inc (CLF) is Buying Shares


Today, a Director at Cleveland-Cliffs Inc (CLF), Robert P. Fisher, bought shares of CLF for $26.52K.

This recent transaction increases Robert P. Fisher’s holding in the company by 2.63% to a total of $1.01 million. In addition to Robert P. Fisher, 2 other CLF executives reported Buy trades in the last month.

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CLF’s market cap is $2.33B and the company has a P/E ratio of 2.22. Currently, Cleveland-Cliffs Inc has an average volume of 7.09M. The Company has a Price to Book ratio of 8.1599.

Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $13.50, reflecting a 54.6% upside. Starting in April 2019, CLF received 7 Buy ratings in a row. Three different firms, including B.Riley FBR and Citigroup, currently also have a Buy rating on the stock.

The insider sentiment on Cleveland-Cliffs Inc has been positive according to 57 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Robert P. Fisher’s trades have generated a -16.6% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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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.

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