Cleveland-Cliffs - CLF Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cleveland-Cliffs in the last year. 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.

7 Wall Street analysts have issued twelve-month target prices for Cleveland-Cliffs' shares. Their CLF share price forecasts range from $14.50 to $39.00. On average, they predict the company's stock price to reach $26.07 in the next twelve months. This suggests a possible upside of 99.3% 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 $21.77 at the beginning of the year. Since then, CLF stock has decreased by 39.9% and is now trading at $13.08.
View the best growth stocks for 2022 here.

Cleveland-Cliffs saw a decrease in short interest in August. As of August 31st, there was short interest totaling 36,560,000 shares, a decrease of 11.0% from the August 15th total of 41,070,000 shares. Based on an average daily volume of 15,720,000 shares, the days-to-cover ratio is presently 2.3 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) released its quarterly earnings data on Friday, July, 22nd. The mining company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by $0.03. The mining company earned $6.34 billion during the quarter, compared to analyst estimates of $6.13 billion. Cleveland-Cliffs had a net margin of 15.07% and a trailing twelve-month return on equity of 64.45%. Cleveland-Cliffs's quarterly revenue was up 25.6% on a year-over-year basis. During the same period in the previous year, the firm earned $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."

Cleveland-Cliffs' stock is owned by a number of retail and institutional investors. Top institutional investors include FMR LLC (4.33%), State Street Corp (4.06%), Northern Trust Corp (0.83%), Goldman Sachs Group Inc. (0.51%), Twin Tree Management LP (0.00%) and Principal Financial Group Inc. (0.46%). 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.
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 $13.08.

Cleveland-Cliffs (NYSE:CLF) has a market capitalization of $6.77 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.