Cleveland-Cliffs Stock Forecast, Price & News

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cleveland-Cliffs in the last year. There are currently 4 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Cleveland-Cliffs stock.
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Cleveland-Cliffs is scheduled to release its next quarterly earnings announcement on Friday, October 22nd 2021.
View our earnings forecast for Cleveland-Cliffs.

Cleveland-Cliffs Inc. (NYSE:CLF) issued its quarterly earnings results on Thursday, July, 22nd. The mining company reported $1.46 earnings per share for the quarter, missing the consensus estimate of $1.48 by $0.02. The mining company earned $5.05 billion during the quarter, compared to analysts' expectations of $4.95 billion. Cleveland-Cliffs had a trailing twelve-month return on equity of 48.53% and a net margin of 6.73%. The business's revenue for the quarter was up 358.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.31) earnings per share.
View Cleveland-Cliffs' earnings history.

Cleveland-Cliffs' stock was trading at $4.49 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CLF stock has increased by 408.9% and is now trading at $22.85.
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11 brokerages have issued 12-month target prices for Cleveland-Cliffs' shares. Their forecasts range from $19.20 to $39.00. On average, they anticipate Cleveland-Cliffs' stock price to reach $25.16 in the next twelve months. This suggests a possible upside of 10.1% from the stock's current price.
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38 employees have rated Cleveland-Cliffs CEO Lourenco Goncalves on Glassdoor.com. Lourenco Goncalves has an approval rating of 87% among Cleveland-Cliffs' employees.

Some companies that are related to Cleveland-Cliffs include Nucor (NUE), Steel Dynamics (STLD), Reliance Steel & Aluminum (RS), United States Steel (X), Commercial Metals (CMC), Worthington Industries (WOR), Allegheny Technologies (ATI), Carpenter Technology (CRS), Schnitzer Steel Industries (SCHN), Haynes International (HAYN) and Olympic Steel (ZEUS).
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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 institutional and retail investors. Top institutional shareholders include Jefferies Group LLC (0.00%), Vanguard Group Inc. (8.41%), State Street Corp (3.08%), Fisher Asset Management LLC (2.56%), Invesco Ltd. (1.62%) and Susquehanna International Group LLP (0.00%). Company insiders that own Cleveland-Cliffs stock include Janet L Miller, John T Baldwin, Keith Koci, Lourenco Goncalves, M Ann Harlan, Robert P Fisher Jr and Susan Miranda Green.
View institutional ownership trends for Cleveland-Cliffs.

CLF stock was sold by a variety of institutional investors in the last quarter, including Northern Trust Corp, Lombard Odier Asset Management USA Corp, State Street Corp, American Century Companies Inc., Geode Capital Management LLC, Laurion Capital Management LP, Victory Capital Management Inc., and Charles Schwab Investment Management Inc.. Company insiders that have sold Cleveland-Cliffs company stock in the last year include John T Baldwin, and Susan Miranda Green.
View insider buying and selling activity for Cleveland-Cliffs or view top insider-selling stocks.

CLF stock was purchased by a variety of institutional investors in the last quarter, including Jefferies Group LLC, Gendell Jeffrey L, Citadel Advisors LLC, Millennium Management LLC, Susquehanna International Group LLP, Morgan Stanley, Morgan Stanley, and Peconic Partners LLC. Company insiders that have bought Cleveland-Cliffs stock in the last two years include Janet L Miller, John T Baldwin, Keith Koci, Lourenco Goncalves, M Ann Harlan, and Robert P Fisher Jr.
View insider buying and selling activity for Cleveland-Cliffs or or view top insider-buying stocks.

Shares of CLF 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 $22.85.

Cleveland-Cliffs has a market capitalization of $11.42 billion and generates $5.35 billion in revenue each year. The mining company earns $-122,000,000.00 in net income (profit) each year or $0.17 on an earnings per share basis.

Cleveland-Cliffs employs 25,000 workers across the globe.

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.

Cleveland-Cliffs was founded in 1847.

The official website for Cleveland-Cliffs is www.clevelandcliffs.com.

Cleveland-Cliffs is headquartered at 200 PUBLIC SQUARE SUITE 3300, CLEVELAND OH, 44114.

Cleveland-Cliffs' mailing address is 200 PUBLIC SQUARE SUITE 3300, CLEVELAND OH, 44114. The mining company can be reached via phone at 216-694-5700 or via email at [email protected]