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S&P 500   4,026.12
DOW   34,347.03
QQQ   286.92
Considerations When Rolling Over a 401(k) into a Roth IRA
THE BEST BLACK FRIDAY DEAL YET (Ad)
Whole Foods decision to pull lobster divides enviros, pols
Biden eases Venezuela sanctions as opposition talks resume
THE BEST BLACK FRIDAY DEAL YET (Ad)
Airbnb has a plan to fix cleaning fees
Saudi viewers angry over apparent ban on World Cup streaming
See how to make money instead of spending it on Black Friday with this offer (Ad)
Cuba's informal market finds new space on growing internet
Walmart shooting claims teen, young woman, father, mother
S&P 500   4,026.12
DOW   34,347.03
QQQ   286.92
Considerations When Rolling Over a 401(k) into a Roth IRA
THE BEST BLACK FRIDAY DEAL YET (Ad)
Whole Foods decision to pull lobster divides enviros, pols
Biden eases Venezuela sanctions as opposition talks resume
THE BEST BLACK FRIDAY DEAL YET (Ad)
Airbnb has a plan to fix cleaning fees
Saudi viewers angry over apparent ban on World Cup streaming
See how to make money instead of spending it on Black Friday with this offer (Ad)
Cuba's informal market finds new space on growing internet
Walmart shooting claims teen, young woman, father, mother
S&P 500   4,026.12
DOW   34,347.03
QQQ   286.92
Considerations When Rolling Over a 401(k) into a Roth IRA
THE BEST BLACK FRIDAY DEAL YET (Ad)
Whole Foods decision to pull lobster divides enviros, pols
Biden eases Venezuela sanctions as opposition talks resume
THE BEST BLACK FRIDAY DEAL YET (Ad)
Airbnb has a plan to fix cleaning fees
Saudi viewers angry over apparent ban on World Cup streaming
See how to make money instead of spending it on Black Friday with this offer (Ad)
Cuba's informal market finds new space on growing internet
Walmart shooting claims teen, young woman, father, mother
NYSE:CLF

Cleveland-Cliffs - CLF Stock Forecast, Price & News

$15.70
-0.20 (-1.26%)
(As of 11/25/2022 12:00 AM ET)
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Today's Range
$15.61
$16.09
50-Day Range
$11.87
$16.34
52-Week Range
$11.82
$34.04
Volume
4.98 million shs
Average Volume
13.30 million shs
Market Capitalization
$8.09 billion
P/E Ratio
3.41
Dividend Yield
N/A
Price Target
$20.42

Cleveland-Cliffs MarketRank™ Forecast

Analyst Rating
Hold
2.30 Rating Score
Upside/​Downside
30.1% Upside
$20.42 Price Target
Short Interest
Bearish
8.98% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.11mentions of Cleveland-Cliffs in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$5,421 Sold Last Quarter
Proj. Earnings Growth
-64.80%
From $3.04 to $1.07 Per Share

Overall MarketRank

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

2.48 out of 5 stars

Basic Materials Sector

53rd out of 166 stocks

Metal Mining Industry

4th 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.

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CLF Stock News Headlines

New Battery "Could Eat Lithium's Lunch"
Why do 5 billionaires believe that one tiny $4 company can take on Tesla?
Cleveland-Cliffs Inc. Reveals Drop In Q3 Bottom Line, misses estimates
New Battery "Could Eat Lithium's Lunch"
Why do 5 billionaires believe that one tiny $4 company can take on Tesla?
Cleveland-Cliffs: Unbelievable Action
Why Cleveland-Cliffs Stock Is Falling Today
Cleveland-Cliffs (CLF) Q3 2022 Earnings Call Transcript
See More Headlines
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CLF Company Calendar

Last Earnings
10/25/2022
Today
11/27/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/10/2023

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
$20.42
High Stock Price Forecast
$37.00
Low Stock Price Forecast
$12.00
Forecasted Upside/Downside
+30.1%
Consensus Rating
Hold
Rating Score (0-4)
2.30
Research Coverage
10 Analysts

Profitability

Net Income
$2.99 billion
Pretax Margin
13.28%

Debt

Sales & Book Value

Annual Sales
$20.44 billion
Cash Flow
$8.67 per share
Book Value
$14.10 per share

Miscellaneous

Free Float
507,933,000
Market Cap
$8.09 billion
Optionable
Optionable
Beta
2.18

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?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cleveland-Cliffs in the last year. There are currently 3 sell ratings, 1 hold rating and 6 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.

What is Cleveland-Cliffs' stock price forecast for 2023?

10 Wall Street analysts have issued 12-month price objectives for Cleveland-Cliffs' shares. Their CLF share price forecasts range from $12.00 to $37.00. On average, they predict the company's stock price to reach $20.42 in the next twelve months. This suggests a possible upside of 30.1% 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 27.9% and is now trading at $15.70.
View the best growth stocks for 2022 here
.

When is Cleveland-Cliffs' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, February 10th 2023.
View our CLF earnings forecast
.

How were Cleveland-Cliffs' earnings last quarter?

Cleveland-Cliffs Inc. (NYSE:CLF) announced its earnings results on Tuesday, October, 25th. The mining company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by $0.39. The mining company had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.79 billion. Cleveland-Cliffs had a trailing twelve-month return on equity of 40.41% and a net margin of 10.48%. Cleveland-Cliffs's revenue was down 5.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.33 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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (10.50%), Vanguard Group Inc. (8.88%), State Street Corp (4.00%), Fisher Asset Management LLC (2.02%), Dimensional Fund Advisors LP (1.23%) and Bank of New York Mellon Corp (1.09%). 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 $15.70.

How much money does Cleveland-Cliffs make?

Cleveland-Cliffs (NYSE:CLF) has a market capitalization of $8.09 billion and generates $20.44 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.

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.
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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 11/27/2022 by MarketBeat.com Staff