| 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.'s segments include: Mining and Pelletizing, and Metallics. In its Mining and Pelletizing segment, Co. is a producer of iron ore pellets, primarily selling production from its Mining and Pelletizing segment to integrated steel companies in the U.S. and Canada. In its Metallics segment, Co. is constructing a hot briquetted iron (HBI) production plant in Toledo, OH. HBI is an iron alternative to scrap that, when used as a feedstock, allows an electric arc furnace to produce various grades of steel. We show 45 historical shares outstanding datapoints in our CLF shares outstanding history coverage, used to compute CLF market cap on those dates.|
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing CLF market cap history over the course of time is important for investors
interested in comparing CLF's market cap history versus its peers.
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,
and then calculating their respective market caps. Comparing the share price of CLF versus a peer is one thing; comparing
CLF market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like CLF can fluctuate over the course of history.
With this page we aim to empower investors researching CLF by allowing them to research the CLF market cap history.