Some thought June’s price surge for Cleveland-Cliffs (NYSE: CLF) may have been a flash in the pan ahead of a pullback, but its latest 5% uptick consolidates a remarkable year topping 315% total growth.
Cleveland-Cliffs stock has continued to skyrocket in value, continuing an exceptional year of price accretion. Because of this market performance, many investors have found themselves wondering where they can buy CLF shares in the UK and elsewhere. That’s where this article comes in.
Simply scroll down to find out where to buy Cleveland-Cliffs stock online and whether or not it is the right investment for you.
How & where to buy Cleveland-Cliffs stock online
To invest in CLF stock, or the stock of any other publicly traded company, simply sign up to an online stockbroker, deposit funds, and purchase shares.
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What is Cleveland-Cliffs?
Founded in 1847 in Cleveland, Ohio, it is a rapidly growing mining and steelmaking player that has captured the attention of serious investors and Reddit speculators alike.
CLF is now the largest producer of flat-rolled steel in all of North America, and with over $5 billion in annual revenue backing up this value proposition, it is becoming increasingly difficult to ignore for industrial investors.
Why is CLF stock surging in value?
For a variety of reasons. One is that the Reddit investment crowd has been applying heavy buying pressure to it. In addition, the company’s strong performance and the re-emergence of steel and mining demand (as COVID-19 lockdowns end) have combined to make analysts more bullish about the stock.
Should I buy Cleveland-Cliffs stock?
If you are looking for a growth stock with the potential to outperform the wider stock market, CLF is an asset you should research more thoroughly. The risks are clear because when WallStreetBets is on the scene, volatility quickly follows.
However, for investors who can tolerate this risk, it could be a good stock to consider investing in as global economies begin rebuilding and the industrial sector shifts into top gear.
Cleveland-Cliffs price prediction
Our CLF price target is similar to that of some of the top analysts: we forecast a 12-month high of $39, a median of $27 and a low of $22.