50% OFF
MarketBeat All Access
Get 30 days free. Save 50% your first year.
  •  days
  •  Hours
  •  Minutes
  •  Seconds
×
S&P 500   3,655.04
DOW   29,260.81
QQQ   274.37
This Device Makes Creating Voice Memos Easy
Is the US Military Secretly Under Chinese Control? (Ad)
Three Consumer Stocks That Could Outperform In Q4 
Will Synthetic Biology Firm Amyris Post Net Income In 2024?
Is the US Military Secretly Under Chinese Control? (Ad)
Comcast is an Asset Bonanza Priced Cheap
Is the Market Overreacting with Shopify Stock?
Is the US Military Secretly Under Chinese Control? (Ad)
British pound plunges to new low as tax cuts spark concern
US stocks slip deeper into a slump as recession fears grow
S&P 500   3,655.04
DOW   29,260.81
QQQ   274.37
This Device Makes Creating Voice Memos Easy
Is the US Military Secretly Under Chinese Control? (Ad)
Three Consumer Stocks That Could Outperform In Q4 
Will Synthetic Biology Firm Amyris Post Net Income In 2024?
Is the US Military Secretly Under Chinese Control? (Ad)
Comcast is an Asset Bonanza Priced Cheap
Is the Market Overreacting with Shopify Stock?
Is the US Military Secretly Under Chinese Control? (Ad)
British pound plunges to new low as tax cuts spark concern
US stocks slip deeper into a slump as recession fears grow
S&P 500   3,655.04
DOW   29,260.81
QQQ   274.37
This Device Makes Creating Voice Memos Easy
Is the US Military Secretly Under Chinese Control? (Ad)
Three Consumer Stocks That Could Outperform In Q4 
Will Synthetic Biology Firm Amyris Post Net Income In 2024?
Is the US Military Secretly Under Chinese Control? (Ad)
Comcast is an Asset Bonanza Priced Cheap
Is the Market Overreacting with Shopify Stock?
Is the US Military Secretly Under Chinese Control? (Ad)
British pound plunges to new low as tax cuts spark concern
US stocks slip deeper into a slump as recession fears grow
S&P 500   3,655.04
DOW   29,260.81
QQQ   274.37
This Device Makes Creating Voice Memos Easy
Is the US Military Secretly Under Chinese Control? (Ad)
Three Consumer Stocks That Could Outperform In Q4 
Will Synthetic Biology Firm Amyris Post Net Income In 2024?
Is the US Military Secretly Under Chinese Control? (Ad)
Comcast is an Asset Bonanza Priced Cheap
Is the Market Overreacting with Shopify Stock?
Is the US Military Secretly Under Chinese Control? (Ad)
British pound plunges to new low as tax cuts spark concern
US stocks slip deeper into a slump as recession fears grow
NYSE:CLF

Cleveland-Cliffs - CLF Stock Forecast, Price & News

$13.08
-0.19 (-1.43%)
(As of 09/26/2022 12:00 AM ET)
Add
Compare
Today's Range
$13.02
$13.65
50-Day Range
$13.08
$19.75
52-Week Range
$12.90
$34.04
Volume
14.86 million shs
Average Volume
14.13 million shs
Market Capitalization
$6.77 billion
P/E Ratio
1.97
Dividend Yield
N/A
Price Target
$26.07

Cleveland-Cliffs MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
99.3% Upside
$26.07 Price Target
Short Interest
Healthy
7.07% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.09mentions of Cleveland-Cliffs in the last 14 days
Based on 14 Articles This Week
Insider Trading
Acquiring Shares
$96,800 Bought Last Quarter
Proj. Earnings Growth
-45.81%
From $4.65 to $2.52 Per Share

Overall MarketRank

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

2.39 out of 5 stars

Basic Materials Sector

85th out of 168 stocks

Metal Mining Industry

7th out of 17 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.

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.

CLF Stock News Headlines

3 Materials Stocks That May Earn a Place on Your Watchlist (CLF)
This article looks at three materials stocks with attractive fundamentals that should put them on your watchlist as you consider your next market moves
The "Green Revolution" Creates Massive Opportunity For Investors
Experts predict a 500% surge for "white gold", and this small company has uncovered the mother lode.
The "Green Revolution" Creates Massive Opportunity For Investors
Experts predict a 500% surge for "white gold", and this small company has uncovered the mother lode.
Cleveland-Cliffs: There Have Been Changes
CLF October 28th Options Begin Trading - Nasdaq
See More Headlines
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.

CLF Company Calendar

Last Earnings
7/22/2022
Today
9/27/2022
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
$25.07
High Stock Price Forecast
$37.00
Low Stock Price Forecast
$14.50
Forecasted Upside/Downside
+99.3%
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
$8.55 per share
Book Value
$11.55 per share

Miscellaneous

Free Float
509,901,000
Market Cap
$6.77 billion
Optionable
Optionable
Beta
2.23

Social Links


Key Executives

  • Mr. C. Lourenco GoncalvesMr. 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













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 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.

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

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.

How have CLF shares performed in 2022?

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
.

Are investors shorting Cleveland-Cliffs?

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
.

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) 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.

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 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
.

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 $13.08.

How much money does Cleveland-Cliffs make?

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.

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
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 9/27/2022 by MarketBeat.com Staff

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.