Cleveland-Cliffs Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cleveland-Cliffs in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Cleveland-Cliffs stock.
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Wall Street analysts have given Cleveland-Cliffs a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Cleveland-Cliffs wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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Cleveland-Cliffs is scheduled to release its next quarterly earnings announcement on Monday, May 10th 2021.
View our earnings forecast for Cleveland-Cliffs.

Cleveland-Cliffs Inc (NYSE:CLF) announced its earnings results on Thursday, February, 25th. The mining company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.28 by $0.04. The mining company had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.36 billion. Cleveland-Cliffs had a negative trailing twelve-month return on equity of 2.69% and a negative net margin of 3.38%. The company's revenue was up 322.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.23 earnings per share.
View Cleveland-Cliffs' earnings history.

Cleveland-Cliffs' stock was trading at $4.49 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CLF shares have increased by 214.5% and is now trading at $14.12.
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Cleveland-Cliffs issued an update on its fourth quarter 2020 Pre-Market earnings guidance on Monday, January, 25th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $2.2-2.3 billion, compared to the consensus revenue estimate of $1.82 billion.

7 brokers have issued twelve-month price targets for Cleveland-Cliffs' shares. Their forecasts range from $4.00 to $22.30. On average, they anticipate Cleveland-Cliffs' stock price to reach $12.93 in the next year. This suggests that the stock has a possible downside of 8.5%.
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38 employees have rated Cleveland-Cliffs CEO Lourenco Goncalves on Glassdoor.com. Lourenco Goncalves has an approval rating of 87% among Cleveland-Cliffs' employees.

Some companies that are related to Cleveland-Cliffs include Nucor (NUE), Steel Dynamics (STLD), Reliance Steel & Aluminum (RS), United States Steel (X), Worthington Industries (WOR), Commercial Metals (CMC), Allegheny Technologies (ATI), Carpenter Technology (CRS), Schnitzer Steel Industries (SCHN), Haynes International (HAYN), Olympic Steel (ZEUS) and Universal Stainless & Alloy Products (USAP).
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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 institutional and retail investors. Top institutional shareholders include Fisher Asset Management LLC (4.30%), Aequim Alternative Investments LP (3.76%), Principal Financial Group Inc. (1.39%), Principal Financial Group Inc. (1.16%), Northern Trust Corp (1.19%) and Norges Bank (0.94%). Company insiders that own Cleveland-Cliffs stock include Eric M Rychel, John T Baldwin, Keith Koci, Lourenco Goncalves, M Ann Harlan, Michael D Siegal and Robert P Fisher Jr.
View institutional ownership trends for Cleveland-Cliffs.

CLF stock was sold by a variety of institutional investors in the last quarter, including Drexel Morgan & Co., Bank of New York Mellon Corp, Edgestream Partners L.P., SG Americas Securities LLC, Fisher Asset Management LLC, Hodges Capital Management Inc., Northern Trust Corp, and SFE Investment Counsel.
View insider buying and selling activity for Cleveland-Cliffs or view top insider-selling stocks.

CLF stock was acquired by a variety of institutional investors in the last quarter, including Aequim Alternative Investments LP, Norges Bank, Merriman Wealth Management LLC, Voloridge Investment Management LLC, Monarch Partners Asset Management LLC, Amundi Pioneer Asset Management Inc., CIBC World Markets Inc., and Engineers Gate Manager LP. Company insiders that have bought Cleveland-Cliffs stock in the last two years include Eric M Rychel, John T Baldwin, Keith Koci, Lourenco Goncalves, M Ann Harlan, Michael D Siegal, and Robert P Fisher Jr.
View insider buying and selling activity for Cleveland-Cliffs or or view top insider-buying stocks.

Shares of CLF 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 $14.12.

Cleveland-Cliffs has a market capitalization of $7.04 billion and generates $1.99 billion in revenue each year. The mining company earns $292.80 million in net income (profit) each year or $1.12 on an earnings per share basis.

Cleveland-Cliffs employs 2,372 workers across the globe.

The official website for Cleveland-Cliffs is www.clevelandcliffs.com.

Cleveland-Cliffs is headquartered at 200 PUBLIC SQUARE SUITE 3300, CLEVELAND OH, 44114.

Cleveland-Cliffs' mailing address is 200 PUBLIC SQUARE SUITE 3300, CLEVELAND OH, 44114. The mining company can be reached via phone at 216-694-5700 or via email at [email protected]