blue-chip

One US Stock Gaining Investors' Attention: Cleveland-Cliffs Inc

Aug 03, 2021 12:00 AM PDT | Team Kalkine
One US Stock Gaining Investors' Attention: Cleveland-Cliffs Inc

Cleveland-Cliffs Inc

Founded in 1847, Cleveland-Cliffs Inc (NYSE: CLF) produces flat-rolled steel in North America. It is also the largest supplier of the automotive industry in North America.

Investment Highlights – BUY at USD 23.57

Key Risks

Recent News

Redemption of Shares: On 28 July 2021, CLF completed the redemption of all outstanding preferred shares with nearly US$1.2 billion in cash.

Q2 FY21 Results for six months ended 30 June 2021 (as on 22 July 2021)

 (Source: Company Website)

One Year Share Price Chart

 (Data Source: REFINITIV, Analysis done by Kalkine Group)

Valuation Methodology: Price/Cash Flow Approach (FY21) (Illustrative)

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