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S&P 500   4,280.15
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Sinema took Wall Street money while killing tax on investors
Sick of seeing others get rich in the stock market? Let Stock Advisor help (Ad)
Expanded IRS free-file system one step closer in Dems' bill
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The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Former Deutsche Bank Co-CEO Anshu Jain dies
Germany urged to cap heat in offices this winter to save gas
The Day of Financial Reckoning Is Near (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Sick of seeing others get rich in the stock market? Let Stock Advisor help (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
The Day of Financial Reckoning Is Near (Ad)
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Former Deutsche Bank Co-CEO Anshu Jain dies
Germany urged to cap heat in offices this winter to save gas
The Day of Financial Reckoning Is Near (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Sick of seeing others get rich in the stock market? Let Stock Advisor help (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
The Day of Financial Reckoning Is Near (Ad)
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Former Deutsche Bank Co-CEO Anshu Jain dies
Germany urged to cap heat in offices this winter to save gas
The Day of Financial Reckoning Is Near (Ad)
NYSE:CLF

Cleveland-Cliffs - CLF Stock Forecast, Price & News

$19.67
+0.22 (+1.13%)
(As of 08/12/2022 12:00 AM ET)
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Compare
Today's Range
$19.25
$19.75
50-Day Range
$14.52
$23.91
52-Week Range
$14.31
$34.04
Volume
9.30 million shs
Average Volume
15.38 million shs
Market Capitalization
$10.18 billion
P/E Ratio
2.96
Dividend Yield
N/A
Price Target
$27.92

Cleveland-Cliffs MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
41.9% Upside
$27.92 Price Target
Short Interest
Healthy
8.31% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.44mentions of Cleveland-Cliffs in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$650,828 Sold Last Quarter
Proj. Earnings Growth
-38.29%
From $4.91 to $3.03 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.75 out of 5 stars

Basic Materials Sector

24th out of 175 stocks

Metal Mining Industry

3rd out of 18 stocks

CLF stock logo

About Cleveland-Cliffs (NYSE:CLF) Stock

Cleveland-Cliffs is the largest flat-rolled steel company and the largest iron ore pellet producer in North America. The company is vertically integrated from mining through iron making, steelmaking, rolling, finishing and downstream with hot and cold stamping of steel parts and components. The company was formerly known as Cliffs Natural Resources Inc. and changed its name to Cleveland-Cliffs Inc. in August 2017. Cleveland-Cliffs Inc. was founded in 1847 and is headquartered in Cleveland, Ohio.

Wall Street Analyst Weigh In

Several research firms have weighed in on CLF. B. Riley lowered their target price on Cleveland-Cliffs from $47.00 to $39.00 and set a "buy" rating on the stock in a research note on Wednesday, July 6th. Clarkson Capital reaffirmed a "buy" rating on shares of Cleveland-Cliffs in a research note on Tuesday, June 14th. Credit Suisse Group lowered their target price on Cleveland-Cliffs from $37.00 to $30.00 and set an "outperform" rating on the stock in a research note on Thursday, July 21st. Morgan Stanley lowered their target price on Cleveland-Cliffs from $16.00 to $14.50 and set an "equal weight" rating on the stock in a research note on Monday, July 25th. Finally, The Goldman Sachs Group lowered their price target on Cleveland-Cliffs from $26.00 to $24.00 in a research note on Tuesday, July 12th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Cleveland-Cliffs currently has a consensus rating of "Moderate Buy" and a consensus price target of $27.92.

Cleveland-Cliffs Trading Up 1.1 %

Shares of NYSE:CLF opened at $19.67 on Friday. The business has a 50 day simple moving average of $17.23 and a 200 day simple moving average of $22.23. Cleveland-Cliffs has a 52 week low of $14.31 and a 52 week high of $34.04. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.75 and a current ratio of 2.20. The stock has a market cap of $10.18 billion, a price-to-earnings ratio of 2.96 and a beta of 2.24.

Cleveland-Cliffs (NYSE:CLF - Get Rating) last posted its earnings results on Friday, July 22nd. The mining company reported $1.13 earnings per share for the quarter, missing the consensus estimate of $1.40 by ($0.27). Cleveland-Cliffs had a return on equity of 64.45% and a net margin of 15.07%. The company had revenue of $6.34 billion during the quarter, compared to analyst estimates of $6.13 billion. During the same quarter last year, the firm posted $1.46 earnings per share. The firm's revenue for the quarter was up 25.6% compared to the same quarter last year. On average, research analysts predict that Cleveland-Cliffs will post 4.91 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Douglas C. Taylor sold 28,150 shares of the business's stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $23.12, for a total value of $650,828.00. Following the completion of the sale, the director now directly owns 156,974 shares in the company, valued at approximately $3,629,238.88. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.43% of the company's stock.

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CLF Stock News Headlines

Here's Bill Bonner's "4th and Final Prediction"
One of America's most successful entrepreneurs goes public with "4th and Final Prediction." His first three all came true—will this one too?
27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate. pixel
Why I Own Cleveland-Cliffs Stock
Invitation to the press conference - Yahoo Finance
See More Headlines
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CLF Company Calendar

Last Earnings
7/22/2022
Today
8/14/2022
Next Earnings (Estimated)
10/28/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Metal mining
Sub-Industry
Steel
CUSIP
18683K10
Employees
26,000
Year Founded
1847

Price Target and Rating

Average Stock Price Forecast
$27.92
High Stock Price Forecast
$39.00
Low Stock Price Forecast
$14.50
Forecasted Upside/Downside
+41.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
7 Analysts

Profitability

Net Income
$2.99 billion
Pretax Margin
19.18%

Debt

Sales & Book Value

Annual Sales
$20.44 billion
Cash Flow
$8.67 per share
Book Value
$13.52 per share

Miscellaneous

Free Float
509,901,000
Market Cap
$10.18 billion
Optionable
Optionable
Beta
2.24

Social Links















CLF Stock - Frequently Asked Questions

Should I buy or sell Cleveland-Cliffs stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cleveland-Cliffs in the last twelve months. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CLF shares.
View CLF analyst ratings
or view top-rated stocks.

What is Cleveland-Cliffs' stock price forecast for 2022?

7 Wall Street analysts have issued 12 month price targets for Cleveland-Cliffs' stock. Their CLF share price forecasts range from $14.50 to $39.00. On average, they anticipate the company's stock price to reach $27.92 in the next twelve months. This suggests a possible upside of 41.9% from the stock's current price.
View analysts price targets for CLF
or view top-rated stocks among Wall Street analysts.

How have CLF shares performed in 2022?

Cleveland-Cliffs' stock was trading at $21.77 at the beginning of the year. Since then, CLF shares have decreased by 9.6% and is now trading at $19.67.
View the best growth stocks for 2022 here
.

Are investors shorting Cleveland-Cliffs?

Cleveland-Cliffs saw a drop in short interest in the month of July. As of July 31st, there was short interest totaling 42,970,000 shares, a drop of 7.5% from the July 15th total of 46,430,000 shares. Based on an average daily volume of 17,800,000 shares, the short-interest ratio is presently 2.4 days.
View Cleveland-Cliffs' Short Interest
.

When is Cleveland-Cliffs' next earnings date?

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

How were Cleveland-Cliffs' earnings last quarter?

Cleveland-Cliffs Inc. (NYSE:CLF) announced its quarterly earnings results on Friday, July, 22nd. The mining company reported $1.13 earnings per share for the quarter, missing analysts' consensus estimates of $1.40 by $0.27. The mining company earned $6.34 billion during 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% compared to the same quarter last year. During the same period last year, the company posted $1.46 earnings per share.

What is Lourenco Goncalves' approval rating as Cleveland-Cliffs' CEO?

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.

What other stocks do shareholders of Cleveland-Cliffs own?

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).

What is Cleveland-Cliffs' stock symbol?

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

Who are Cleveland-Cliffs' major shareholders?

Cleveland-Cliffs' stock is owned by many different institutional and retail investors. Top institutional investors include FMR LLC (4.33%), Northern Trust Corp (0.83%), Twin Tree Management LP (0.00%), Principal Financial Group Inc. (0.46%), Swiss National Bank (0.44%) and Credit Suisse AG (0.39%). Insiders that own company stock include Celso L Goncalves Jr, Douglas C Taylor, Eric M Rychel, 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.
View institutional ownership trends
.

How do I buy shares of Cleveland-Cliffs?

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.

What is Cleveland-Cliffs' stock price today?

One share of CLF stock can currently be purchased for approximately $19.67.

How much money does Cleveland-Cliffs make?

Cleveland-Cliffs (NYSE:CLF) has a market capitalization of $10.18 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.

How many employees does Cleveland-Cliffs have?

The company employs 26,000 workers across the globe.

Does Cleveland-Cliffs have any subsidiaries?

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.
Read More

When was Cleveland-Cliffs founded?

Cleveland-Cliffs was founded in 1847.

How can I contact Cleveland-Cliffs?

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.

This page (NYSE:CLF) was last updated on 8/14/2022 by MarketBeat.com Staff

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