Cleveland-Cliffs - CLF Stock Forecast, Price & News

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cleveland-Cliffs in the last year. There are currently 2 sell ratings, 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street 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.

12 brokers 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 anticipate the company's share price to reach $22.03 in the next twelve months. This suggests a possible upside of 2.3% 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 $16.11 at the beginning of 2023. Since then, CLF shares have increased by 33.6% and is now trading at $21.52.
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Cleveland-Cliffs saw a increase in short interest during the month of December. As of December 30th, there was short interest totaling 42,430,000 shares, an increase of 5.2% from the December 15th total of 40,320,000 shares. Based on an average daily trading volume, of 13,210,000 shares, the days-to-cover ratio is presently 3.2 days.
View Cleveland-Cliffs' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 14th 2023.
View our CLF earnings forecast.

Cleveland-Cliffs will be holding an earnings conference call on Tuesday, February 14th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Cleveland-Cliffs Inc. (NYSE:CLF) released its quarterly earnings data on Thursday, October, 21st. The mining company reported $2.33 earnings per share for the quarter, beating analysts' consensus estimates of $2.23 by $0.10. The mining company had revenue of $6 billion for the quarter, compared to the consensus estimate of $5.63 billion. Cleveland-Cliffs had a net margin of 10.48% and a trailing twelve-month return on equity of 40.41%. Cleveland-Cliffs's quarterly revenue was up 264.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.04 earnings per share.

Cleveland-Cliffs (NYSE:CLF) pays an annual dividend of $0.24 per share and currently has a dividend yield of 0.00%. The dividend payout ratio is 5.21%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CLF will have a dividend payout ratio of 11.16% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CLF.

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 shareholders include ARS Investment Partners LLC (0.31%), Sumitomo Mitsui Trust Holdings Inc. (0.28%), Assenagon Asset Management S.A. (0.13%), New York State Teachers Retirement System (0.10%), F&V Capital Management LLC (0.07%) and Oregon Public Employees Retirement Fund (0.07%). 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.
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One share of CLF stock can currently be purchased for approximately $21.52.

Cleveland-Cliffs (NYSE:CLF) has a market capitalization of $11.09 billion and generates $23.29 billion in revenue each year. The mining company earns $2.99 billion in net income (profit) each year or $4.61 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.