NYSE:CLF Cleveland-Cliffs - CLF Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Cleveland-Cliffs Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $17.51 +0.08 (+0.46%) (As of 03/27/2023 12:00 AM ET) Add Compare Share Share Today's Range$17.31▼$17.7850-Day Range$17.36▼$22.7952-Week Range$11.82▼$34.04Volume7.71 million shsAverage Volume10.62 million shsMarket Capitalization$9.01 billionP/E Ratio6.98Dividend YieldN/APrice Target$22.11 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Cleveland-Cliffs MarketRank™ ForecastAnalyst RatingHold2.42 Rating ScoreUpside/Downside26.3% Upside$22.11 Price TargetShort InterestHealthy6.46% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.61Based on 6 Articles This WeekInsider TradingSelling Shares$1.09 M Sold Last QuarterProj. Earnings Growth42.31%From $1.82 to $2.59 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.93 out of 5 starsBasic Materials Sector6th out of 160 stocksMetal Mining Industry2nd out of 14 stocks 4.2 Analyst's Opinion Consensus RatingCleveland-Cliffs has received a consensus rating of Hold. The company's average rating score is 2.42, and is based on 6 buy ratings, 5 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $22.11, Cleveland-Cliffs has a forecasted upside of 26.3% from its current price of $17.51.Amount of Analyst CoverageCleveland-Cliffs has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.0 Short Interest Percentage of Shares Shorted6.46% of the outstanding shares of Cleveland-Cliffs have been sold short.Short Interest Ratio / Days to CoverCleveland-Cliffs has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Cleveland-Cliffs has recently decreased by 2.35%, indicating that investor sentiment is improving. Previous Next 0.0 Dividend Strength Dividend YieldCleveland-Cliffs does not currently pay a dividend.Dividend GrowthCleveland-Cliffs does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for CLF. Previous Next 2.0 News and Social Media Coverage News SentimentCleveland-Cliffs has a news sentiment score of 0.61. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.32 average news sentiment score of Basic Materials companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Cleveland-Cliffs this week, compared to 7 articles on an average week.Social Mentions This WeekMarketBeat has tracked 1 reddit mention for Cleveland-Cliffs this week, compared to 1 mention on an average week.Search InterestOnly 71 people have searched for CLF on MarketBeat in the last 30 days. This is a decrease of -45% compared to the previous 30 days.MarketBeat FollowsOnly 15 people have added Cleveland-Cliffs to their MarketBeat watchlist in the last 30 days. This is a decrease of -44% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Cleveland-Cliffs insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,089,642.00 in company stock.Percentage Held by InsidersOnly 1.43% of the stock of Cleveland-Cliffs is held by insiders.Percentage Held by Institutions65.25% of the stock of Cleveland-Cliffs is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Cleveland-Cliffs are expected to grow by 42.31% in the coming year, from $1.82 to $2.59 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Cleveland-Cliffs is 6.98, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.61.Price to Earnings Ratio vs. SectorThe P/E ratio of Cleveland-Cliffs is 6.98, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 86.62.Price to Book Value per Share RatioCleveland-Cliffs has a P/B Ratio of 1.12. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Cleveland-Cliffs (NYSE:CLF) StockCleveland-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.Read More Receive CLF Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Cleveland-Cliffs and its competitors with MarketBeat's FREE daily newsletter. Email Address CLF Stock News HeadlinesMarch 27, 2023 | finance.yahoo.comCleveland-Cliffs Awarded by General Motors GM’s 2022 Supplier of the Year for Sixth Straight YearMarch 22, 2023 | americanbankingnews.comWolfe Research Upgrades Cleveland-Cliffs (NYSE:CLF) to Peer PerformMarch 28, 2023 | Behind the Markets (Ad)Buy THIS stock before Taiwan is attacked... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.March 20, 2023 | americanbankingnews.comBrokerages Set Cleveland-Cliffs Inc. (NYSE:CLF) PT at $22.11March 19, 2023 | americanbankingnews.comStockNews.com Begins Coverage on Cleveland-Cliffs (NYSE:CLF)March 18, 2023 | americanbankingnews.comCleveland-Cliffs Inc. (NYSE:CLF) to Post FY2023 Earnings of $1.75 Per Share, KeyCorp ForecastsMarch 15, 2023 | finance.yahoo.comCleveland-Cliffs and Its Employees Donate to Address Food Insecurity in more than 45 Communities Across North AmericaMarch 15, 2023 | finance.yahoo.comWhy Is Cleveland-Cliffs (CLF) Down 5.1% Since Last Earnings Report?March 28, 2023 | Behind the Markets (Ad)Buy THIS stock before Taiwan is attacked... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.March 13, 2023 | finance.yahoo.comCleveland-Cliffs Raises Price for Hot Rolled Steel to $1,200 per net tonMarch 13, 2023 | finance.yahoo.comCleveland-Cliffs hikes hot rolled steel price againMarch 7, 2023 | finance.yahoo.comCleveland-Cliffs Inc. (CLF) Is a Trending Stock: Facts to Know Before Betting on ItMarch 3, 2023 | finance.yahoo.comCleveland-Cliffs Applauds Unanimous U.S. International Trade Commission Affirmative Preliminary Vote in Tin Mill Products Trade CaseMarch 2, 2023 | finance.yahoo.comCleveland-Cliffs Announces Price Increase for Plate ProductsFebruary 24, 2023 | finance.yahoo.comWith 67% ownership, Cleveland-Cliffs Inc. (NYSE:CLF) boasts of strong institutional backingFebruary 22, 2023 | finance.yahoo.comCleveland-Cliffs Inc. (CLF) is Attracting Investor Attention: Here is What You Should KnowFebruary 15, 2023 | finance.yahoo.comCleveland-Cliffs Inc. (NYSE:CLF) Q4 2022 Earnings Call TranscriptFebruary 15, 2023 | finance.yahoo.comHere's What Key Metrics Tell Us About Cleveland-Cliffs (CLF) Q4 EarningsFebruary 15, 2023 | finance.yahoo.comCleveland-Cliffs (CLF) Earnings Beat, Sales Down Y/Y in Q4February 13, 2023 | finance.yahoo.comCleveland-Cliffs (CLF) Reports Q4 Loss, Lags Revenue EstimatesFebruary 13, 2023 | finance.yahoo.comCleveland-Cliffs Reports Full-Year and Fourth-Quarter 2022 ResultsFebruary 9, 2023 | finance.yahoo.comAre Basic Materials Stocks Lagging ClevelandCliffs (CLF) This Year?February 8, 2023 | finance.yahoo.comAre Robust Financials Driving The Recent Rally In Cleveland-Cliffs Inc.'s (NYSE:CLF) Stock?February 7, 2023 | finance.yahoo.comCleveland-Cliffs (CLF) Expected to Beat Earnings Estimates: What to Know Ahead of Q4 ReleaseFebruary 2, 2023 | finance.yahoo.comCleveland-Cliffs Announces Price Increase for Hot Rolled, Cold Rolled and Coated Steel ProductsJanuary 22, 2023 | finance.yahoo.comWith EPS Growth And More, Cleveland-Cliffs (NYSE:CLF) Makes An Interesting CaseJanuary 19, 2023 | finance.yahoo.comCleveland-Cliffs to Announce Fourth-Quarter and Full-Year 2022 Earnings Results on February 14See More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive CLF Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Cleveland-Cliffs and its competitors with MarketBeat's FREE daily newsletter. Email Address CLF Company Calendar Last Earnings2/13/2023Today3/27/2023Next Earnings (Estimated)4/28/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Metal mining Sub-IndustrySteel SectorBasic Materials Current SymbolNYSE:CLF CUSIP18683K10 CIK764065 Webwww.clevelandcliffs.com Phone216-694-5700Fax216-694-4880Employees27,000Year Founded1847Price Target and Rating Average Stock Price Forecast$22.11 High Stock Price Forecast$37.00 Low Stock Price Forecast$12.00 Forecasted Upside/Downside+26.3%Consensus RatingHold Rating Score (0-4)2.42 Research Coverage12 Analysts Profitability EPS (Most Recent Fiscal Year)$2.51 Trailing P/E Ratio6.98 Forward P/E Ratio9.62 P/E GrowthN/ANet Income$1.34 billion Net Margins5.81% Pretax Margin7.81% Return on Equity22.07% Return on Assets8.15% Debt Debt-to-Equity Ratio0.53 Current Ratio2.09 Quick Ratio0.65 Sales & Book Value Annual Sales$22.99 billion Price / Sales0.39 Cash Flow$5.12 per share Price / Cash Flow3.42 Book Value$15.61 per share Price / Book1.12Miscellaneous Outstanding Shares514,790,000Free Float507,426,000Market Cap$9.01 billion OptionableOptionable Beta2.25 Social Links Key ExecutivesMr. C. Lourenco Goncalves (Age 60)Chairman, Pres & CEO Mr. Timothy K. Flanagan (Age 40)Exec. VP & CFO Mr. Clifford T. Smith (Age 58)Exec. VP of Bus. Devel. Mr. Terry G. Fedor (Age 53)Exec. VP of United States Iron Ore Mr. R. Christopher Cebula (Age 47)VP, Corp. Controller & Chief Accounting Officer Key CompetitorsMP MaterialsNYSE:MPLithium AmericasNYSE:LACPretium ResourcesNYSE:PVGEastman ChemicalNYSE:EMNAngloGold AshantiNYSE:AUView All CompetitorsInsiders & InstitutionsB. Riley Wealth Advisors Inc.Sold 2,040 shares on 3/15/2023Ownership: 0.009%Douglas C TaylorSold 42,000 sharesTotal: $892,500.00 ($21.25/share)Birmingham Capital Management Co. Inc. ALBought 22,000 shares on 3/6/2023Ownership: 0.007%Rockefeller Capital Management L.P.Sold 4,116 shares on 3/6/2023Ownership: 0.003%OLD Mission Capital LLCBought 2,673 shares on 3/6/2023Ownership: 0.001%View All Insider TransactionsView All Institutional Transactions CLF Stock - Frequently Asked Questions Should I buy or sell Cleveland-Cliffs stock right now? 12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cleveland-Cliffs in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research 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. View CLF analyst ratings or view top-rated stocks. What is Cleveland-Cliffs' stock price forecast for 2023? 12 brokerages have issued twelve-month price objectives 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 $22.11 in the next year. This suggests a possible upside of 26.3% 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 2023? Cleveland-Cliffs' stock was trading at $16.11 at the start of the year. Since then, CLF stock has increased by 8.7% and is now trading at $17.51. View the best growth stocks for 2023 here. When is Cleveland-Cliffs' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Friday, April 28th 2023. View our CLF earnings forecast. How were Cleveland-Cliffs' earnings last quarter? Cleveland-Cliffs Inc. (NYSE:CLF) posted its quarterly earnings data on Monday, February, 13th. The mining company reported ($0.30) EPS for the quarter, beating analysts' consensus estimates of ($0.33) by $0.03. The mining company had revenue of $5.04 billion for the quarter, compared to analyst estimates of $5.19 billion. Cleveland-Cliffs had a net margin of 5.81% and a trailing twelve-month return on equity of 22.07%. Cleveland-Cliffs's revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.78 earnings per share. What ETFs hold Cleveland-Cliffs' stock? ETFs with the largest weight of Cleveland-Cliffs (NYSE:CLF) stock in their portfolio include First Trust Materials AlphaDEX Fund (FXZ), VanEck Steel ETF (SLX), Direxion Daily Metal Miners Bull 2X Shares (MNM), SPDR S&P Metals & Mining ETF (XME), Invesco S&P MidCap 400 Pure Value ETF (RFV), AXS Astoria Inflation Sensitive ETF (PPI), Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) and iShares U.S. Basic Materials ETF (IYM). 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 Fisher Asset Management LLC (1.65%), Geode Capital Management LLC (1.42%), Morgan Stanley (1.33%), Dimensional Fund Advisors LP (1.22%), Susquehanna International Group LLP (0.00%) and Drexel Morgan & Co. (0.97%). Insiders that own company stock include Celso L Goncalves Jr, Douglas C Taylor, Janet L Miller, John T Baldwin, Keith Koci, Lourenco Goncalves, 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 $17.51. How much money does Cleveland-Cliffs make? Cleveland-Cliffs (NYSE:CLF) has a market capitalization of $9.01 billion and generates $22.99 billion in revenue each year. The mining company earns $1.34 billion in net income (profit) each year or $2.51 on an earnings per share basis. How many employees does Cleveland-Cliffs have? The company employs 27,000 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 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 3/28/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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