Cleveland-Cliffs - CLF Stock Forecast, Price & News

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cleveland-Cliffs in the last year. There are currently 1 sell rating, 5 hold ratings and 6 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.
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12 equities research analysts have issued 1 year 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 stock price to reach $22.11 in the next twelve months. This suggests a possible upside of 26.8% from the stock's current price.
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Cleveland-Cliffs' stock was trading at $16.11 at the beginning of 2023. Since then, CLF stock has increased by 8.2% and is now trading at $17.43.
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The company is scheduled to release its next quarterly earnings announcement on Friday, April 28th 2023.
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Cleveland-Cliffs Inc. (NYSE:CLF) posted its quarterly earnings results on Monday, February, 13th. The mining company reported ($0.30) EPS for the quarter, topping the consensus estimate of ($0.33) by $0.03. The mining company had revenue of $5.04 billion for the quarter, compared to analyst estimates of $5.19 billion. Cleveland-Cliffs had a trailing twelve-month return on equity of 22.07% and a net margin of 5.81%. The company's revenue was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.78 EPS.

ETFs with the largest weight of Cleveland-Cliffs (NYSE:CLF) stock in their portfolio include First Trust Materials AlphaDEX Fund (FXZ), VanEck Steel ETF (SLX), Direxion Daily Metal Miners Bull 2X Shares (MNM), SPDR S&P Metals & Mining ETF (XME), Invesco S&P MidCap 400 Pure Value ETF (RFV), AXS Astoria Inflation Sensitive ETF (PPI), Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) and iShares U.S. Basic Materials ETF (IYM).

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.

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).

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

Cleveland-Cliffs' stock is owned by a number of retail and institutional investors. Top institutional investors include Fisher Asset Management LLC (1.65%), Geode Capital Management LLC (1.42%), Morgan Stanley (1.33%), Dimensional Fund Advisors LP (1.22%), Susquehanna International Group LLP (0.00%) and Drexel Morgan & Co. (0.97%). Insiders that own company stock include Celso L Goncalves Jr, Douglas C Taylor, Janet L Miller, John T Baldwin, Keith Koci, Lourenco Goncalves, Ralph S Michael III, Robert P Fisher Jr and Susan Miranda Green.
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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.
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One share of CLF stock can currently be purchased for approximately $17.43.

Cleveland-Cliffs (NYSE:CLF) has a market capitalization of $8.97 billion and generates $22.99 billion in revenue each year. The mining company earns $1.34 billion in net income (profit) each year or $2.51 on an earnings per share basis.

The company employs 27,000 workers across the globe.

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.