Cleveland-Cliffs - CLF Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cleveland-Cliffs in the last twelve months. There are currently 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CLF shares.
View CLF analyst ratings or view top-rated stocks.

8 brokers have issued 1 year target prices for Cleveland-Cliffs' stock. Their CLF share price forecasts range from $14.50 to $37.00. On average, they predict the company's stock price to reach $24.81 in the next twelve months. This suggests a possible upside of 84.2% from the stock's current price.
View analysts price targets for CLF or view top-rated stocks among Wall Street analysts.

Cleveland-Cliffs' stock was trading at $21.77 at the beginning of the year. Since then, CLF stock has decreased by 38.1% and is now trading at $13.47.
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Cleveland-Cliffs saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 39,610,000 shares, an increase of 8.3% from the August 31st total of 36,560,000 shares. Based on an average trading volume of 15,240,000 shares, the short-interest ratio is currently 2.6 days.
View Cleveland-Cliffs' Short Interest.

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

Cleveland-Cliffs Inc. (NYSE:CLF) announced its earnings results on Friday, July, 22nd. The mining company reported $1.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.34 by $0.03. The mining company had revenue of $6.34 billion for the quarter, compared to analyst estimates of $6.13 billion. Cleveland-Cliffs had a trailing twelve-month return on equity of 64.45% and a net margin of 15.07%. Cleveland-Cliffs's revenue for the quarter was up 25.6% on a year-over-year basis. During the same quarter last year, the business posted $1.46 EPS.

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."

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 $13.47.

Cleveland-Cliffs (NYSE:CLF) has a market capitalization of $6.97 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.

The company employs 26,000 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.