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S&P 500   3,977.53
DOW   32,432.08
QQQ   308.76
Should You Buy Before the Ex-Dividend Date or Wait?
Modern Day Options Trading For Beginners! (Ad)pixel
Dividends, Short-Term Pain, but Long-Term Gain?
Can Carnival Cruise Lines Set Sail For New Highs? 
The gold catalyst we’ve waited for (Ad)
BioNTech Is Ripe For A Rebound In 2023 
If Safety is Your Concern, Then Take a Look at Sandy Spring Bank
The gold catalyst we’ve waited for (Ad)
Is Block a Ticking Time Bomb or a Bargain Bestowed by Hindenburg?
Sanofi, Regeneron Shares Pop On Big News About COPD Treatment
S&P 500   3,977.53
DOW   32,432.08
QQQ   308.76
Should You Buy Before the Ex-Dividend Date or Wait?
Modern Day Options Trading For Beginners! (Ad)pixel
Dividends, Short-Term Pain, but Long-Term Gain?
Can Carnival Cruise Lines Set Sail For New Highs? 
The gold catalyst we’ve waited for (Ad)
BioNTech Is Ripe For A Rebound In 2023 
If Safety is Your Concern, Then Take a Look at Sandy Spring Bank
The gold catalyst we’ve waited for (Ad)
Is Block a Ticking Time Bomb or a Bargain Bestowed by Hindenburg?
Sanofi, Regeneron Shares Pop On Big News About COPD Treatment
S&P 500   3,977.53
DOW   32,432.08
QQQ   308.76
Should You Buy Before the Ex-Dividend Date or Wait?
Modern Day Options Trading For Beginners! (Ad)pixel
Dividends, Short-Term Pain, but Long-Term Gain?
Can Carnival Cruise Lines Set Sail For New Highs? 
The gold catalyst we’ve waited for (Ad)
BioNTech Is Ripe For A Rebound In 2023 
If Safety is Your Concern, Then Take a Look at Sandy Spring Bank
The gold catalyst we’ve waited for (Ad)
Is Block a Ticking Time Bomb or a Bargain Bestowed by Hindenburg?
Sanofi, Regeneron Shares Pop On Big News About COPD Treatment
NYSE:CLF

Cleveland-Cliffs - CLF Stock Forecast, Price & News

$17.51
+0.08 (+0.46%)
(As of 03/27/2023 12:00 AM ET)
Add
Compare
Today's Range
$17.31
$17.78
50-Day Range
$17.36
$22.79
52-Week Range
$11.82
$34.04
Volume
7.71 million shs
Average Volume
10.62 million shs
Market Capitalization
$9.01 billion
P/E Ratio
6.98
Dividend Yield
N/A
Price Target
$22.11

Cleveland-Cliffs MarketRank™ Forecast

Analyst Rating
Hold
2.42 Rating Score
Upside/​Downside
26.3% Upside
$22.11 Price Target
Short Interest
Healthy
6.46% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.61mentions of Cleveland-Cliffs in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$1.09 M Sold Last Quarter
Proj. Earnings Growth
42.31%
From $1.82 to $2.59 Per Share

Overall MarketRank

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

2.93 out of 5 stars

Basic Materials Sector

6th out of 160 stocks

Metal Mining Industry

2nd out of 14 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

Buy THIS stock before Taiwan is attacked
... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.
Brokerages Set Cleveland-Cliffs Inc. (NYSE:CLF) PT at $22.11
StockNews.com Begins Coverage on Cleveland-Cliffs (NYSE:CLF)
Buy THIS stock before Taiwan is attacked
... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.
Cleveland-Cliffs hikes hot rolled steel price again
Cleveland-Cliffs (CLF) Earnings Beat, Sales Down Y/Y in Q4
See More Headlines
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CLF Company Calendar

Last Earnings
2/13/2023
Today
3/27/2023
Next Earnings (Estimated)
4/28/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Metal mining
Sub-Industry
Steel
CUSIP
18683K10
Employees
27,000
Year Founded
1847

Price Target and Rating

Average Stock Price Forecast
$22.11
High Stock Price Forecast
$37.00
Low Stock Price Forecast
$12.00
Forecasted Upside/Downside
+26.3%
Consensus Rating
Hold
Rating Score (0-4)
2.42
Research Coverage
12 Analysts

Profitability

Net Income
$1.34 billion
Pretax Margin
7.81%

Debt

Sales & Book Value

Annual Sales
$22.99 billion
Cash Flow
$5.12 per share
Book Value
$15.61 per share

Miscellaneous

Free Float
507,426,000
Market Cap
$9.01 billion
Optionable
Optionable
Beta
2.25

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?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cleveland-Cliffs in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 6 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 brokerages have issued twelve-month price objectives for Cleveland-Cliffs' stock. Their CLF share price forecasts range from $12.00 to $37.00. On average, they expect the company's stock price to reach $22.11 in the next year. This suggests a possible upside of 26.3% 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 at the start of the year. Since then, CLF stock has increased by 8.7% and is now trading at $17.51.
View the best growth stocks for 2023 here
.

When is Cleveland-Cliffs' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, April 28th 2023.
View our CLF earnings forecast
.

How were Cleveland-Cliffs' earnings last quarter?

Cleveland-Cliffs Inc. (NYSE:CLF) posted its quarterly earnings data on Monday, February, 13th. The mining company reported ($0.30) EPS for the quarter, beating analysts' consensus estimates of ($0.33) by $0.03. The mining company had revenue of $5.04 billion for the quarter, compared to analyst estimates of $5.19 billion. Cleveland-Cliffs had a net margin of 5.81% and a trailing twelve-month return on equity of 22.07%. Cleveland-Cliffs's revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.78 earnings per share.

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 institutional and retail investors. Top institutional investors include Fisher Asset Management LLC (1.65%), Geode Capital Management LLC (1.42%), Morgan Stanley (1.33%), Dimensional Fund Advisors LP (1.22%), Susquehanna International Group LLP (0.00%) and Drexel Morgan & Co. (0.97%). Insiders that own company stock include Celso L Goncalves Jr, Douglas C Taylor, Janet L Miller, John T Baldwin, Keith Koci, Lourenco Goncalves, 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 $17.51.

How much money does Cleveland-Cliffs make?

Cleveland-Cliffs (NYSE:CLF) has a market capitalization of $9.01 billion and generates $22.99 billion in revenue each year. The mining company earns $1.34 billion in net income (profit) each year or $2.51 on an earnings per share basis.

How many employees does Cleveland-Cliffs have?

The company employs 27,000 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 3/28/2023 by MarketBeat.com Staff