NYSE:CLF Cleveland-Cliffs - CLF Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Cleveland-Cliffs Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $21.60 -0.03 (-0.14%) (As of 02/3/2023 12:00 AM ET) Add Compare Share Share Today's Range$21.54▼$22.5450-Day Range$14.32▼$21.8952-Week Range$11.82▼$34.04Volume10.07 million shsAverage Volume10.48 million shsMarket Capitalization$11.13 billionP/E Ratio4.69Dividend YieldN/APrice Target$22.03 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Cleveland-Cliffs MarketRank™ ForecastAnalyst RatingHold2.42 Rating ScoreUpside/Downside2.0% Upside$22.03 Price TargetShort InterestBearish8.26% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.49Based on 9 Articles This WeekInsider TradingN/AProj. Earnings Growth-31.13%From $3.02 to $2.08 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.76 out of 5 starsBasic Materials Sector117th out of 158 stocksMetal Mining Industry10th out of 15 stocks 2.2 Analyst's Opinion Consensus RatingCleveland-Cliffs has received a consensus rating of Hold. The company's average rating score is 2.42, and is based on 7 buy ratings, 3 hold ratings, and 2 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $22.03, Cleveland-Cliffs has a forecasted upside of 2.0% from its current price of $21.60.Amount of Analyst CoverageCleveland-Cliffs has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.0 Short Interest Percentage of Shares Shorted8.26% of the outstanding shares of Cleveland-Cliffs have been sold short.Short Interest Ratio / Days to CoverCleveland-Cliffs has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Cleveland-Cliffs has recently increased by 0.31%, indicating that investor sentiment is decreasing. Previous Next 0.0 Dividend Strength Dividend YieldCleveland-Cliffs does not currently pay a dividend.Dividend GrowthCleveland-Cliffs does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for CLF. Previous Next 3.0 News and Social Media Coverage News SentimentCleveland-Cliffs has a news sentiment score of 0.49. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Basic Materials companies.News Coverage This WeekMarketBeat has tracked 9 news articles for Cleveland-Cliffs this week, compared to 7 articles on an average week.Search Interest107 people have searched for CLF on MarketBeat in the last 30 days. This is an increase of 102% compared to the previous 30 days.MarketBeat Follows32 people have added Cleveland-Cliffs to their MarketBeat watchlist in the last 30 days. This is an increase of 68% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Cleveland-Cliffs insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.43% of the stock of Cleveland-Cliffs is held by insiders.Percentage Held by Institutions65.25% of the stock of Cleveland-Cliffs is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Cleveland-Cliffs are expected to decrease by -31.13% in the coming year, from $3.02 to $2.08 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Cleveland-Cliffs is 4.69, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.60.Price to Earnings Ratio vs. SectorThe P/E ratio of Cleveland-Cliffs is 4.69, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 97.81.Price to Book Value per Share RatioCleveland-Cliffs has a P/B Ratio of 1.87. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Cleveland-Cliffs (NYSE:CLF) StockCleveland-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.Read More Receive CLF Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Cleveland-Cliffs and its competitors with MarketBeat's FREE daily newsletter. Email Address CLF Stock News HeadlinesFebruary 4, 2023 | americanbankingnews.comCleveland-Cliffs Inc. Forecasted to Earn Q1 2023 Earnings of ($0.04) Per Share (NYSE:CLF)February 2, 2023 | finance.yahoo.comCleveland-Cliffs Announces Price Increase for Hot Rolled, Cold Rolled and Coated Steel ProductsFebruary 5, 2023 | Investor Place Media (Ad)Cash Holders STILL Aren't Taking Steps to PrepareStocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.January 29, 2023 | americanbankingnews.comResearch Analysts Offer Predictions for Cleveland-Cliffs Inc.'s FY2023 Earnings (NYSE:CLF)January 29, 2023 | americanbankingnews.comCleveland-Cliffs Inc. (NYSE:CLF) Receives $22.03 Consensus PT from BrokeragesJanuary 28, 2023 | americanbankingnews.comCleveland-Cliffs (NYSE:CLF) Raised to Neutral at BNP ParibasJanuary 22, 2023 | finance.yahoo.comWith EPS Growth And More, Cleveland-Cliffs (NYSE:CLF) Makes An Interesting CaseJanuary 19, 2023 | finance.yahoo.comCleveland-Cliffs to Announce Fourth-Quarter and Full-Year 2022 Earnings Results on February 14February 5, 2023 | Investor Place Media (Ad)Cash Holders STILL Aren't Taking Steps to PrepareStocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.January 18, 2023 | finance.yahoo.comCleveland-Cliffs and the United Steelworkers File Trade Cases On Unfairly Traded Tin Mill ProductsJanuary 18, 2023 | finance.yahoo.comCleveland-Cliffs and steel union file anti-competitive dumping suit against eight countriesJanuary 16, 2023 | finance.yahoo.comCleveland-Cliffs (CLF) Is Attractively Priced Despite Fast-paced MomentumJanuary 7, 2023 | finance.yahoo.comCleveland-Cliffs Inc.'s (NYSE:CLF) Intrinsic Value Is Potentially 93% Above Its Share PriceJanuary 5, 2023 | msn.comLooking At Cleveland-Cliffs's Recent Unusual Options ActivityJanuary 5, 2023 | markets.businessinsider.com5 Analysts Have This to Say About Cleveland-CliffsDecember 22, 2022 | finance.yahoo.com2 Stocks That Jumped on an Ugly Market DayDecember 22, 2022 | finance.yahoo.comCleveland-Cliffs Achieves Price Increases on Fixed-Price Contracts for 2023December 22, 2022 | finance.yahoo.comCleveland-Cliffs shares rise on higher annual fixed prices for steelDecember 19, 2022 | finance.yahoo.comCleveland-Cliffs (CLF) Launches Electrical Steels for EV MarketDecember 18, 2022 | seekingalpha.comCleveland-Cliffs Diving Approaches As Recession Takes HoldDecember 13, 2022 | finance.yahoo.comCleveland-Cliffs Announces Additional Price Increase for Hot Rolled, Cold Rolled, and Coated Steel ProductsDecember 13, 2022 | finance.yahoo.comCleveland-Cliffs buys vacant industrial building in ClevelandDecember 13, 2022 | finance.yahoo.comCleveland-Cliffs Introduces New MOTOR-MAX™ Non-Oriented Electrical Steels for High Frequency Motors and GeneratorsDecember 7, 2022 | finance.yahoo.comCleveland-Cliffs Submits Application for Front-End Engineering Design for Large-Scale Carbon CaptureNovember 28, 2022 | finance.yahoo.comCleveland-Cliffs Announces Price Increase for Hot Rolled, Cold Rolled, and Coated Steel ProductsNovember 24, 2022 | finance.yahoo.comCleveland-Cliffs (CLF) Up 7.7% Since Last Earnings Report: Can It Continue?November 8, 2022 | finance.yahoo.comCleveland-Cliffs Third Quarter 2022 Earnings: Misses ExpectationsSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive CLF Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Cleveland-Cliffs and its competitors with MarketBeat's FREE daily newsletter. Email Address CLF Company Calendar Last Earnings10/21/2021Today2/05/2023Next Earnings (Confirmed)2/14/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Metal mining Sub-IndustrySteel SectorBasic Materials Current SymbolNYSE:CLF CUSIP18683K10 CIK764065 Webwww.clevelandcliffs.com Phone216-694-5700Fax216-694-4880Employees26,000Year Founded1847Price Target and Rating Average Stock Price Forecast$22.03 High Stock Price Forecast$37.00 Low Stock Price Forecast$12.00 Forecasted Upside/Downside+2.0%Consensus RatingHold Rating Score (0-4)2.42 Research Coverage12 Analysts Profitability EPS (Most Recent Fiscal Year)$4.61 Trailing P/E Ratio4.69 Forward P/E Ratio7.15 P/E GrowthN/ANet Income$2.99 billion Net Margins10.48% Pretax Margin13.28% Return on Equity40.41% Return on Assets13.72% Debt Debt-to-Equity Ratio0.62 Current Ratio2.33 Quick Ratio0.78 Sales & Book Value Annual Sales$20.44 billion Price / Sales0.54 Cash Flow$8.64 per share Price / Cash Flow2.50 Book Value$11.55 per share Price / Book1.87Miscellaneous Outstanding Shares515,300,000Free Float507,933,000Market Cap$11.13 billion OptionableOptionable Beta2.23 Social Links Key ExecutivesMr. 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 Key CompetitorsMP MaterialsNYSE:MPLithium AmericasNYSE:LACPretium ResourcesNYSE:PVGGerdauNYSE:GGBEastman ChemicalNYSE:EMNView All CompetitorsInsiders & InstitutionsFirst Dallas Securities Inc.Bought 7,500 shares on 2/3/2023Ownership: 0.025%D.A. Davidson & CO.Sold 19,300 shares on 2/3/2023Ownership: 0.020%Capital Investment Advisory Services LLCSold 1,767 shares on 2/3/2023Ownership: 0.009%Archer Investment CorpSold 1,900 shares on 2/3/2023Ownership: 0.003%U.S. Capital Wealth Advisors LLCBought 4,399 shares on 2/3/2023Ownership: 0.001%View All Insider TransactionsView All Institutional Transactions CLF Stock - Frequently Asked Questions Should I buy or sell Cleveland-Cliffs stock right now? 12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cleveland-Cliffs in the last twelve months. 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. View CLF analyst ratings or view top-rated stocks. What is Cleveland-Cliffs' stock price forecast for 2023? 12 brokers have issued 12-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 stock price to reach $22.03 in the next twelve months. This suggests a possible upside of 2.0% 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 2023? Cleveland-Cliffs' stock was trading at $16.11 on January 1st, 2023. Since then, CLF stock has increased by 34.1% and is now trading at $21.60. View the best growth stocks for 2023 here. Are investors shorting Cleveland-Cliffs? 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 trading volume of 13,210,000 shares, the short-interest ratio is currently 3.2 days. View Cleveland-Cliffs' Short Interest. When is Cleveland-Cliffs' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 14th 2023. View our CLF earnings forecast. How can I listen to Cleveland-Cliffs' earnings call? 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. How were Cleveland-Cliffs' earnings last quarter? Cleveland-Cliffs Inc. (NYSE:CLF) posted its earnings results on Thursday, October, 21st. The mining company reported $2.33 EPS for the quarter, beating the consensus estimate 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 net margin of 10.48% and a trailing twelve-month return on equity of 40.41%. Cleveland-Cliffs's revenue was up 264.8% on a year-over-year basis. During the same period last year, the business earned $0.04 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 a number of retail and institutional investors. Top institutional investors include Fisher Asset Management LLC (1.65%), Hodges Capital Management Inc. (0.39%), Simplex Trading LLC (0.00%), ARS Investment Partners LLC (0.31%), Sumitomo Mitsui Trust Holdings Inc. (0.28%) and Bank of Montreal Can (0.16%). 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 $21.60. How much money does Cleveland-Cliffs make? Cleveland-Cliffs (NYSE:CLF) has a market capitalization of $11.13 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.Read More 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 2/5/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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