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NYSE:CLF

Cleveland-Cliffs - CLF Stock Forecast, Price & News

$21.22
-0.40 (-1.85%)
(As of 01/30/2023 12:00 AM ET)
Add
Compare
Today's Range
$21.08
$21.63
50-Day Range
$14.32
$21.62
52-Week Range
$11.82
$34.04
Volume
6.80 million shs
Average Volume
11.63 million shs
Market Capitalization
$10.93 billion
P/E Ratio
4.60
Dividend Yield
N/A
Price Target
$22.03

Cleveland-Cliffs MarketRank™ Forecast

Analyst Rating
Hold
2.42 Rating Score
Upside/​Downside
3.5% Upside
$22.03 Price Target
Short Interest
Bearish
8.26% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.40mentions of Cleveland-Cliffs in the last 14 days
Based on 13 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-28.57%
From $3.01 to $2.15 Per Share

Overall MarketRank

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

1.94 out of 5 stars

Basic Materials Sector

127th out of 160 stocks

Metal Mining Industry

10th out of 14 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.

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CLF Stock News Headlines

The Next Big Crisis Is Here
You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.
Cleveland-Cliffs (NYSE:CLF) Raised to Neutral at BNP Paribas
The Next Big Crisis Is Here
You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.
5 Analysts Have This to Say About Cleveland-Cliffs
2 Stocks That Jumped on an Ugly Market Day
See More Headlines
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CLF Company Calendar

Last Earnings
10/21/2021
Today
1/30/2023
Next Earnings (Confirmed)
2/14/2023
Fiscal Year End
12/31/2023

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
$22.03
High Stock Price Forecast
$37.00
Low Stock Price Forecast
$12.00
Forecasted Upside/Downside
+3.8%
Consensus Rating
Hold
Rating Score (0-4)
2.42
Research Coverage
12 Analysts

Profitability

Net Income
$2.99 billion
Pretax Margin
13.28%

Debt

Sales & Book Value

Annual Sales
$23.29 billion
Cash Flow
$8.49 per share
Book Value
$11.55 per share

Miscellaneous

Free Float
507,933,000
Market Cap
$10.93 billion
Optionable
Optionable
Beta
2.13

Social Links


Key Executives

  • Mr. C. Lourenco GoncalvesMr. C. Lourenco Goncalves (Age 60)
    Chairman, Pres & CEO
  • Mr. Timothy K. Flanagan (Age 40)
    Exec. VP & CFO
  • Mr. Clifford T. Smith (Age 58)
    Exec. VP of Bus. Devel.
  • Mr. Terry G. Fedor (Age 53)
    Exec. VP of United States Iron Ore
  • Mr. R. Christopher Cebula (Age 47)
    VP, Corp. Controller & Chief Accounting Officer













CLF Stock - Frequently Asked Questions

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

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cleveland-Cliffs in the last year. There are currently 2 sell ratings, 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" CLF shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CLF, but not buy additional shares or sell existing shares.
View CLF analyst ratings
or view top-rated stocks.

What is Cleveland-Cliffs' stock price forecast for 2023?

12 brokers have issued twelve-month price objectives for Cleveland-Cliffs' stock. Their CLF share price forecasts range from $12.00 to $37.00. On average, they anticipate the company's share price to reach $22.03 in the next twelve months. This suggests a possible upside of 2.3% 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 2023?

Cleveland-Cliffs' stock was trading at $16.11 at the beginning of 2023. Since then, CLF shares have increased by 33.6% and is now trading at $21.52.
View the best growth stocks for 2023 here
.

Are investors shorting Cleveland-Cliffs?

Cleveland-Cliffs saw a increase in short interest during the month of December. As of December 30th, there was short interest totaling 42,430,000 shares, an increase of 5.2% from the December 15th total of 40,320,000 shares. Based on an average daily trading volume, of 13,210,000 shares, the days-to-cover ratio is presently 3.2 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 Tuesday, February 14th 2023.
View our CLF earnings forecast
.

How can I listen to Cleveland-Cliffs' earnings call?

Cleveland-Cliffs will be holding an earnings conference call on Tuesday, February 14th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Cleveland-Cliffs' earnings last quarter?

Cleveland-Cliffs Inc. (NYSE:CLF) released its quarterly earnings data on Thursday, October, 21st. The mining company reported $2.33 earnings per share for the quarter, beating analysts' consensus estimates of $2.23 by $0.10. The mining company had revenue of $6 billion for the quarter, compared to the consensus estimate of $5.63 billion. Cleveland-Cliffs had a net margin of 10.48% and a trailing twelve-month return on equity of 40.41%. Cleveland-Cliffs's quarterly revenue was up 264.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.04 earnings per share.

Is Cleveland-Cliffs a good dividend stock?

Cleveland-Cliffs (NYSE:CLF) pays an annual dividend of $0.24 per share and currently has a dividend yield of 0.00%. The dividend payout ratio is 5.21%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CLF will have a dividend payout ratio of 11.16% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CLF.

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 number of retail and institutional investors. Top institutional shareholders include ARS Investment Partners LLC (0.31%), Sumitomo Mitsui Trust Holdings Inc. (0.28%), Assenagon Asset Management S.A. (0.13%), New York State Teachers Retirement System (0.10%), F&V Capital Management LLC (0.07%) and Oregon Public Employees Retirement Fund (0.07%). Insiders that own company stock include Celso L Goncalves Jr, Douglas C Taylor, 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 $21.52.

How much money does Cleveland-Cliffs make?

Cleveland-Cliffs (NYSE:CLF) has a market capitalization of $11.09 billion and generates $23.29 billion in revenue each year. The mining company earns $2.99 billion in net income (profit) each year or $4.61 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
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 1/30/2023 by MarketBeat.com Staff