Cleveland-Cliffs - CLF Stock Forecast, Price & News

12 Wall Street equities 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 equities 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.
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12 Wall Street research analysts have issued twelve-month price targets for Cleveland-Cliffs' shares. Their CLF share price forecasts range from $12.00 to $37.00. On average, they anticipate the company's stock price to reach $22.03 in the next year. This suggests a possible upside of 3.3% from the stock's current price.
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Cleveland-Cliffs' stock was trading at $16.11 on January 1st, 2023. Since then, CLF stock has increased by 32.4% and is now trading at $21.33.
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Cleveland-Cliffs saw a increase in short interest in 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 volume of 13,210,000 shares, the short-interest ratio is presently 3.2 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 14th 2023.
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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 earnings results on Thursday, October, 21st. The mining company reported $2.33 earnings per share for the quarter, topping analysts' consensus estimates of $2.23 by $0.10. The mining company had revenue of $6 billion for the quarter, compared to analyst estimates of $5.63 billion. Cleveland-Cliffs had a trailing twelve-month return on equity of 40.41% and a net margin of 10.48%. Cleveland-Cliffs's quarterly revenue was up 264.8% on a year-over-year basis. During the same quarter last year, the company posted $0.04 EPS.

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%), Assenagon Asset Management S.A. (0.13%), F&V Capital Management LLC (0.07%), Oregon Public Employees Retirement Fund (0.07%), Savior LLC (0.06%) and Private Advisor Group LLC (0.06%). 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 $21.33.

Cleveland-Cliffs (NYSE:CLF) has a market capitalization of $10.99 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.

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.