Cleveland-Cliffs - CLF Stock Forecast, Price & News

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cleveland-Cliffs in the last twelve months. There are currently 3 sell ratings, 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street 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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10 brokerages have issued 1-year target prices 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 $20.42 in the next twelve months. This suggests a possible upside of 26.1% from the stock's current price.
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Cleveland-Cliffs' stock was trading at $21.77 at the start of the year. Since then, CLF stock has decreased by 25.6% and is now trading at $16.19.
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The company is scheduled to release its next quarterly earnings announcement on Friday, February 10th 2023.
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Cleveland-Cliffs Inc. (NYSE:CLF) announced its quarterly earnings results on Tuesday, October, 25th. The mining company reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.45 by $0.16. The mining company had revenue of $5.65 billion for the quarter, compared to analysts' expectations of $5.79 billion. Cleveland-Cliffs had a trailing twelve-month return on equity of 40.41% and a net margin of 10.48%. The firm's revenue for the quarter was down 5.8% compared to the same quarter last year. During the same period last year, the company earned $2.33 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."

Cleveland-Cliffs' stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (10.50%), Vanguard Group Inc. (8.88%), State Street Corp (4.00%), Fisher Asset Management LLC (2.02%), Dimensional Fund Advisors LP (1.23%) and Bank of New York Mellon Corp (1.09%). 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.
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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 $16.19.

Cleveland-Cliffs (NYSE:CLF) has a market capitalization of $8.34 billion and generates $20.44 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.

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.