Cleveland-Cliffs - CLF Stock Forecast, Price & News

7 Wall Street 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 analysts is that investors should "buy" CLF shares.
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7 Wall Street analysts have issued 12 month price targets for Cleveland-Cliffs' stock. Their CLF share price forecasts range from $14.50 to $39.00. On average, they anticipate the company's stock price to reach $27.92 in the next twelve months. This suggests a possible upside of 41.9% 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 shares have decreased by 9.6% and is now trading at $19.67.
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Cleveland-Cliffs saw a drop in short interest in the month of July. As of July 31st, there was short interest totaling 42,970,000 shares, a drop of 7.5% from the July 15th total of 46,430,000 shares. Based on an average daily volume of 17,800,000 shares, the short-interest ratio is presently 2.4 days.
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The company is scheduled to release its next quarterly earnings announcement on Friday, October 28th 2022.
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Cleveland-Cliffs Inc. (NYSE:CLF) announced its quarterly earnings results on Friday, July, 22nd. The mining company reported $1.13 earnings per share for the quarter, missing analysts' consensus estimates of $1.40 by $0.27. The mining company earned $6.34 billion during the quarter, compared to analyst estimates of $6.13 billion. Cleveland-Cliffs had a trailing twelve-month return on equity of 64.45% and a net margin of 15.07%. Cleveland-Cliffs's revenue for the quarter was up 25.6% compared to the same quarter last year. During the same period last 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 many different institutional and retail investors. Top institutional investors include FMR LLC (4.33%), Northern Trust Corp (0.83%), Twin Tree Management LP (0.00%), Principal Financial Group Inc. (0.46%), Swiss National Bank (0.44%) and Credit Suisse AG (0.39%). Insiders that own company stock include Celso L Goncalves Jr, Douglas C Taylor, Eric M Rychel, 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 $19.67.

Cleveland-Cliffs (NYSE:CLF) has a market capitalization of $10.18 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 was founded in 1847.

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.