Cleveland-Cliffs Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cleveland-Cliffs in the last twelve months. There are currently 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street 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 Thursday, July 29th 2021.
View our earnings forecast for Cleveland-Cliffs.

Cleveland-Cliffs Inc. (NYSE:CLF) released its quarterly earnings data on Wednesday, April, 21st. The mining company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.33 by $0.14. The mining company had revenue of $4 billion for the quarter, compared to analyst estimates of $3.92 billion. Cleveland-Cliffs had a positive trailing twelve-month return on equity of 10.98% and a negative net margin of 0.32%. The company's revenue was up 1014.2% on a year-over-year basis. During the same period in the previous year, the business posted ($0.18) EPS.
View Cleveland-Cliffs' earnings history.

Cleveland-Cliffs' stock was trading at $4.49 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, CLF stock has increased by 409.1% and is now trading at $22.86.
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8 brokers have issued 12 month target prices for Cleveland-Cliffs' stock. Their forecasts range from $19.20 to $28.35. On average, they expect Cleveland-Cliffs' stock price to reach $22.94 in the next year. This suggests a possible upside of 0.3% 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), Olympic Steel (ZEUS) and Universal Stainless & Alloy Products (USAP).
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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 variety of retail and institutional investors. Top institutional investors include Fisher Asset Management LLC (2.62%), Geode Capital Management LLC (1.53%), Northern Trust Corp (1.45%), Bank of New York Mellon Corp (0.92%), Principal Financial Group Inc. (0.77%) and Principal Financial Group Inc. (0.77%). Company insiders that own Cleveland-Cliffs stock include Eric M Rychel, 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 Aequim Alternative Investments LP, Fisher Asset Management LLC, Principal Financial Group Inc., Principal Financial Group Inc., Encompass Capital Advisors LLC, Ameriprise Financial Inc., Prudential Financial Inc., and Victory Capital Management Inc.. Company insiders that have sold Cleveland-Cliffs company stock in the last year include John T Baldwin, and Susan Miranda Green.
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CLF stock was acquired by a variety of institutional investors in the last quarter, including Northern Trust Corp, Geode Capital Management LLC, Peconic Partners LLC, Laurion Capital Management LP, Virtu Financial LLC, Federated Hermes Inc., ARS Investment Partners LLC, and Voloridge Investment Management LLC. Company insiders that have bought Cleveland-Cliffs stock in the last two years include Eric M Rychel, 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 $22.86.

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]