How much is Cleveland Cliffs stock worth?

( NYSE: CLF) Cleveland Cliffs currently has 517,297,581 outstanding shares. With Cleveland Cliffs stock trading at $16.65 per share, the total value of Cleveland Cliffs stock (market capitalization) is $8.61B. Cleveland Cliffs stock was originally listed at a price of $5.73 in Dec 31, 1997.

Is Cleveland-Cliffs (CLF) a good stock to buy now?

Now that we understand what the ESP is and how beneficial it can be, let's dive into a stock that currently fits the bill. Cleveland-Cliffs (CLF) earns a Zacks Rank #3 right now and its Most Accurate Estimate sits at -$0.11 a share, just 24 days from its upcoming earnings release on April 28, 2023.

Is Cleveland-Cliffs stock undervalued?

Cleveland-Cliffs is trading at a price-to-earnings (P/E) ratio below the industry average. This suggests that the company's stock may be undervalued compared to its peers. The lower valuation can be attributed to market concerns about cyclicality in the steel industry and uncertainties surrounding commodity prices.