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Agilent Technologies Proves Its Worth VS Illumina 
Bargain in Today's Market (SHOCKING) (Ad)pixel
Target’s Results Cap Upside Potential For Retail Stocks 
Wind energy boom and golden eagles collide in the US West
Lowe’s Stands Out Amid Q2 Retail Reports 
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Egypt's central bank governor resigns as economic woes mount
Target takes a hit after heavy discounts to clear inventory
Stocks slip on Wall Street, erasing weekly gains for S&P 500
“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
S&P 500   4,274.04
DOW   33,980.32
QQQ   328.49
Agilent Technologies Proves Its Worth VS Illumina 
Bargain in Today's Market (SHOCKING) (Ad)pixel
Target’s Results Cap Upside Potential For Retail Stocks 
Wind energy boom and golden eagles collide in the US West
Lowe’s Stands Out Amid Q2 Retail Reports 
Bargain in Today's Market (SHOCKING) (Ad)pixel
Egypt's central bank governor resigns as economic woes mount
Target takes a hit after heavy discounts to clear inventory
Stocks slip on Wall Street, erasing weekly gains for S&P 500
“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
S&P 500   4,274.04
DOW   33,980.32
QQQ   328.49
Agilent Technologies Proves Its Worth VS Illumina 
Bargain in Today's Market (SHOCKING) (Ad)pixel
Target’s Results Cap Upside Potential For Retail Stocks 
Wind energy boom and golden eagles collide in the US West
Lowe’s Stands Out Amid Q2 Retail Reports 
Bargain in Today's Market (SHOCKING) (Ad)pixel
Egypt's central bank governor resigns as economic woes mount
Target takes a hit after heavy discounts to clear inventory
Stocks slip on Wall Street, erasing weekly gains for S&P 500
“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
NYSE:CLF

Cleveland-Cliffs - CLF Stock Forecast, Price & News

$18.47
-1.19 (-6.05%)
(As of 08/17/2022 12:00 AM ET)
Add
Compare
Today's Range
$18.35
$19.19
50-Day Range
$14.52
$20.64
52-Week Range
$14.31
$34.04
Volume
13.38 million shs
Average Volume
20.23 million shs
Market Capitalization
$9.55 billion
P/E Ratio
2.78
Dividend Yield
N/A
Price Target
$27.92

Cleveland-Cliffs MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
51.1% Upside
$27.92 Price Target
Short Interest
Healthy
8.31% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.58mentions of Cleveland-Cliffs in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$650,828 Sold Last Quarter
Proj. Earnings Growth
-38.29%
From $4.91 to $3.03 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.91 out of 5 stars

Basic Materials Sector

14th out of 171 stocks

Metal Mining Industry

2nd out of 18 stocks

CLF stock logo

About Cleveland-Cliffs (NYSE:CLF) Stock

Cleveland-Cliffs is the largest flat-rolled steel company and the largest iron ore pellet producer in North America. The company is vertically integrated from mining through iron making, steelmaking, rolling, finishing and downstream with hot and cold stamping of steel parts and components. The company was formerly known as Cliffs Natural Resources Inc. and changed its name to Cleveland-Cliffs Inc. in August 2017. Cleveland-Cliffs Inc. was founded in 1847 and is headquartered in Cleveland, Ohio.

Cleveland-Cliffs Stock Down 6.1 %

Shares of CLF traded down $1.19 during mid-day trading on Wednesday, reaching $18.47. The company had a trading volume of 13,375,182 shares, compared to its average volume of 20,227,268. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.75 and a current ratio of 2.20. The firm has a 50-day moving average price of $16.99 and a 200 day moving average price of $22.25. Cleveland-Cliffs has a 52 week low of $14.31 and a 52 week high of $34.04. The company has a market capitalization of $9.55 billion, a price-to-earnings ratio of 2.78 and a beta of 2.24.

Cleveland-Cliffs (NYSE:CLF - Get Rating) last issued its quarterly earnings results on Friday, July 22nd. The mining company reported $1.13 EPS for the quarter, missing analysts' consensus estimates of $1.40 by ($0.27). The company had revenue of $6.34 billion during the quarter, compared to the consensus estimate of $6.13 billion. Cleveland-Cliffs had a return on equity of 64.45% and a net margin of 15.07%. The business's revenue for the quarter was up 25.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.46 earnings per share. On average, sell-side analysts forecast that Cleveland-Cliffs will post 4.91 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CLF shares. Clarkson Capital restated a "buy" rating on shares of Cleveland-Cliffs in a report on Tuesday, June 14th. JPMorgan Chase & Co. cut their price objective on Cleveland-Cliffs from $43.00 to $37.00 in a research report on Tuesday, June 14th. Credit Suisse Group cut their price objective on Cleveland-Cliffs from $37.00 to $30.00 and set an "outperform" rating on the stock in a research report on Thursday, July 21st. The Goldman Sachs Group cut their price objective on Cleveland-Cliffs from $26.00 to $24.00 in a research report on Tuesday, July 12th. Finally, Morgan Stanley cut their price objective on Cleveland-Cliffs from $16.00 to $14.50 and set an "equal weight" rating on the stock in a research report on Monday, July 25th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $27.92.

Insider Activity at Cleveland-Cliffs

In other Cleveland-Cliffs news, Director Douglas C. Taylor sold 28,150 shares of the business's stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $23.12, for a total transaction of $650,828.00. Following the completion of the sale, the director now directly owns 156,974 shares in the company, valued at approximately $3,629,238.88. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Cleveland-Cliffs news, Director Douglas C. Taylor sold 28,150 shares of the business's stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $23.12, for a total transaction of $650,828.00. Following the completion of the sale, the director now directly owns 156,974 shares in the company, valued at approximately $3,629,238.88. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Celso L. Goncalves, Jr. bought 5,000 shares of the firm's stock in a transaction on Tuesday, August 16th. The shares were bought at an average price of $19.36 per share, with a total value of $96,800.00. Following the completion of the purchase, the chief financial officer now owns 148,285 shares in the company, valued at approximately $2,870,797.60. The disclosure for this purchase can be found here. 1.43% of the stock is currently owned by insiders.

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CLF Stock News Headlines

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CLF Company Calendar

Last Earnings
7/22/2022
Today
8/17/2022
Next Earnings (Estimated)
10/28/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Metal mining
Sub-Industry
Steel
CUSIP
18683K10
Employees
26,000
Year Founded
1847

Price Target and Rating

Average Stock Price Forecast
$27.92
High Stock Price Forecast
$39.00
Low Stock Price Forecast
$14.50
Forecasted Upside/Downside
+51.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
7 Analysts

Profitability

Net Income
$2.99 billion
Pretax Margin
19.18%

Debt

Sales & Book Value

Annual Sales
$20.44 billion
Cash Flow
$8.32 per share
Book Value
$13.52 per share

Miscellaneous

Free Float
509,901,000
Market Cap
$9.55 billion
Optionable
Optionable
Beta
2.24

Social Links















CLF Stock - Frequently Asked Questions

Should I buy or sell Cleveland-Cliffs stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cleveland-Cliffs in the last twelve months. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CLF shares.
View CLF analyst ratings
or view top-rated stocks.

What is Cleveland-Cliffs' stock price forecast for 2022?

7 equities research analysts have issued 12 month price targets for Cleveland-Cliffs' shares. Their CLF share price forecasts range from $14.50 to $39.00. On average, they predict the company's stock price to reach $27.92 in the next year. This suggests a possible upside of 51.1% from the stock's current price.
View analysts price targets for CLF
or view top-rated stocks among Wall Street analysts.

How have CLF shares performed in 2022?

Cleveland-Cliffs' stock was trading at $21.77 at the start of the year. Since then, CLF shares have decreased by 15.2% and is now trading at $18.47.
View the best growth stocks for 2022 here
.

Are investors shorting Cleveland-Cliffs?

Cleveland-Cliffs saw a decrease in short interest in July. As of July 31st, there was short interest totaling 42,970,000 shares, a decrease of 7.5% from the July 15th total of 46,430,000 shares. Based on an average daily volume of 17,800,000 shares, the days-to-cover ratio is currently 2.4 days.
View Cleveland-Cliffs' Short Interest
.

When is Cleveland-Cliffs' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, October 28th 2022.
View our CLF earnings forecast
.

How were Cleveland-Cliffs' earnings last quarter?

Cleveland-Cliffs Inc. (NYSE:CLF) issued its quarterly earnings results on Friday, July, 22nd. The mining company reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by $0.27. The mining company had revenue of $6.34 billion for the quarter, compared to the consensus estimate of $6.13 billion. Cleveland-Cliffs had a trailing twelve-month return on equity of 64.45% and a net margin of 15.07%. The firm's quarterly revenue was up 25.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.46 EPS.

What is Lourenco Goncalves' approval rating as Cleveland-Cliffs' CEO?

38 employees have rated Cleveland-Cliffs Chief Executive Officer Lourenco Goncalves on Glassdoor.com. Lourenco Goncalves has an approval rating of 87% among the company's employees.

What other stocks do shareholders of Cleveland-Cliffs own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Cleveland-Cliffs investors own include Freeport-McMoRan (FCX), Bank of America (BAC), Rite Aid (RAD), Advanced Micro Devices (AMD), Micron Technology (MU), General Electric (GE), AT&T (T), Ford Motor (F), Cisco Systems (CSCO) and Intel (INTC).

What is Cleveland-Cliffs' stock symbol?

Cleveland-Cliffs trades on the New York Stock Exchange (NYSE) under the ticker symbol "CLF."

Who are Cleveland-Cliffs' major shareholders?

Cleveland-Cliffs' stock is owned by a variety of institutional and retail investors. Top institutional investors include FMR LLC (4.33%), State Street Corp (4.06%), Northern Trust Corp (0.83%), Twin Tree Management LP (0.00%), Principal Financial Group Inc. (0.46%) and Swiss National Bank (0.44%). Insiders that own company stock include Celso L Goncalves Jr, Douglas C Taylor, Eric M Rychel, Janet L Miller, John T Baldwin, Keith Koci, Lourenco Goncalves, M Ann Harlan, Ralph S Michael III, Robert P Fisher Jr and Susan Miranda Green.
View institutional ownership trends
.

How do I buy shares of Cleveland-Cliffs?

Shares of CLF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Cleveland-Cliffs' stock price today?

One share of CLF stock can currently be purchased for approximately $18.47.

How much money does Cleveland-Cliffs make?

Cleveland-Cliffs (NYSE:CLF) has a market capitalization of $9.55 billion and generates $20.44 billion in revenue each year. The mining company earns $2.99 billion in net income (profit) each year or $6.65 on an earnings per share basis.

How many employees does Cleveland-Cliffs have?

The company employs 26,000 workers across the globe.

Does Cleveland-Cliffs have any subsidiaries?
The following companies are subsidiares of Cleveland-Cliffs: AK Steel, ArcelorMittal, Cliffs Mining Company, Cliffs Minnesota Mining Company, Cliffs TIOP Holding LLC, Cliffs TIOP II LLC, Cliffs TIOP Inc., Cliffs UTAC Holding LLC, Consolidated Thompson Iron Mines Limited, IronUnits LLC, Northshore Mining Company, PinnOak Resources, and The Cleveland-Cliffs Iron Company.
Read More
When was Cleveland-Cliffs founded?

Cleveland-Cliffs was founded in 1847.

How can I contact Cleveland-Cliffs?

Cleveland-Cliffs' mailing address is 200 PUBLIC SQUARE SUITE 3300, CLEVELAND OH, 44114. The official website for the company is www.clevelandcliffs.com. The mining company can be reached via phone at 216-694-5700, via email at paul.finan@clevelandcliffs.com, or via fax at 216-694-4880.

This page (NYSE:CLF) was last updated on 8/18/2022 by MarketBeat.com Staff

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