Cleveland-Cliffs - CLF Stock Forecast, Price & News

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cleveland-Cliffs in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities 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.

12 brokerages 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 expect the company's stock price to reach $22.11 in the next year. This suggests a possible upside of 26.3% 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 $16.11 at the start of the year. Since then, CLF stock has increased by 8.7% and is now trading at $17.51.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Friday, April 28th 2023.
View our CLF earnings forecast.

Cleveland-Cliffs Inc. (NYSE:CLF) posted its quarterly earnings data on Monday, February, 13th. The mining company reported ($0.30) EPS for the quarter, beating analysts' consensus estimates 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 net margin of 5.81% and a trailing twelve-month return on equity of 22.07%. Cleveland-Cliffs's revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.78 earnings per share.

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 many different institutional and retail 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.
View institutional ownership trends.

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.

One share of CLF stock can currently be purchased for approximately $17.51.

Cleveland-Cliffs (NYSE:CLF) has a market capitalization of $9.01 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.