Cleveland-Cliffs - CLF Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cleveland-Cliffs in the last twelve months. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CLF shares.
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7 brokerages have issued 12 month price objectives for Cleveland-Cliffs' stock. Their CLF share price forecasts range from $14.50 to $39.00. On average, they expect the company's share price to reach $26.07 in the next year. This suggests a possible upside of 96.5% from the stock's current price.
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Cleveland-Cliffs' stock was trading at $21.77 at the beginning of the year. Since then, CLF stock has decreased by 39.0% and is now trading at $13.27.
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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 trading volume of 15,720,000 shares, the days-to-cover ratio is currently 2.3 days.
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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) announced its quarterly earnings data on Friday, July, 22nd. The mining company reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by $0.27. The mining company had revenue of $6.34 billion for 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%. The company's revenue was up 25.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.46 earnings per share.

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 institutional and retail 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.
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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 $13.27.

Cleveland-Cliffs (NYSE:CLF) has a market capitalization of $6.86 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.