Cleveland-Cliffs is an iron ore mining company. Co. is a supplier of iron ore pellets to the North American steel industry from its mines and pellet plants located in Michigan and Minnesota. Co. is organized according to its differentiated products. Co. has two segments: Mining and Pelletizing, which Co. is a main producer of iron ore pellets, primarily selling production from its Mining and Pelletizing segment to integrated steel companies in the U.S. and Canada; and Metallics, which constructing a Hot Briquetted Iron (HBI) production plant, whereby HBI is an iron alternative to scrap that, when used as a feedstock, allows an Electric Arc Furnace to produces valuable grades of steel. We show 40 historical shares outstanding datapoints in our coverage of CLF's shares outstanding history.
Understanding the changing numbers of CLF shares outstanding — and
comprehending the concept of differing number of shares outstanding in general comparing companies like CLF versus peers —
is critical for investors. Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies.
Furthermore, via issuance of new shares over time, or the repurchase of existing shares, the number of shares outstanding can fluctuate over the course of history.
With this page we aim to empower investors researching CLF by allowing them to research CLF shares outstanding history
as well as any other stock in our coverage universe. |
Video: Shares Outstanding Importance
