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Russia accused of 'kidnapping' head of Ukraine nuclear plant
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Danish Energy Agency says Nord Stream 2 gas pipeline under Baltic Sea appears to have stopped leaking gas
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Hong Kong leader promises revival on China's National Day
UK train strikes and energy hikes add to a week of turmoil
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Russia accused of 'kidnapping' head of Ukraine nuclear plant
EU chief: New Greece-Bulgaria gas pipeline 'means freedom'
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Danish Energy Agency says Nord Stream 2 gas pipeline under Baltic Sea appears to have stopped leaking gas
India launches 5G services, Modi calls it step in new era
Market Wizard Reveals: The One Ticker Retirement Plan (Ad)
Hong Kong leader promises revival on China's National Day
UK train strikes and energy hikes add to a week of turmoil
S&P 500   3,585.62
DOW   28,725.51
QQQ   267.26
Want to Increase Your Conversion Rates? This Is the Biggest Threat to Your Success.
Sell every Stock except ONE (Ad)
Russia accused of 'kidnapping' head of Ukraine nuclear plant
EU chief: New Greece-Bulgaria gas pipeline 'means freedom'
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Danish Energy Agency says Nord Stream 2 gas pipeline under Baltic Sea appears to have stopped leaking gas
India launches 5G services, Modi calls it step in new era
Market Wizard Reveals: The One Ticker Retirement Plan (Ad)
Hong Kong leader promises revival on China's National Day
UK train strikes and energy hikes add to a week of turmoil
NYSE:CLF

Cleveland-Cliffs - CLF Stock Forecast, Price & News

$13.47
-0.30 (-2.18%)
(As of 09/30/2022 12:00 AM ET)
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Compare
Today's Range
$13.43
$14.02
50-Day Range
$13.08
$19.75
52-Week Range
$12.90
$34.04
Volume
10.04 million shs
Average Volume
14.23 million shs
Market Capitalization
$6.97 billion
P/E Ratio
2.03
Dividend Yield
N/A
Price Target
$24.81

Cleveland-Cliffs MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
84.2% Upside
$24.81 Price Target
Short Interest
Bearish
7.66% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.09mentions of Cleveland-Cliffs in the last 14 days
Based on 17 Articles This Week
Insider Trading
Acquiring Shares
$96,800 Bought Last Quarter
Proj. Earnings Growth
-48.68%
From $4.54 to $2.33 Per Share

Overall MarketRank

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

2.17 out of 5 stars

Basic Materials Sector

93rd out of 167 stocks

Metal Mining Industry

6th out of 18 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

Cleveland-Cliffs (NYSE:CLF) PT Lowered to $32.00 at B. Riley
Cleveland-Cliffs: There Have Been Changes
CLF October 28th Options Begin Trading - Nasdaq
See More Headlines
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CLF Company Calendar

Last Earnings
7/22/2022
Today
10/01/2022
Next Earnings (Estimated)
10/28/2022
Fiscal Year End
12/31/2022

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
$24.81
High Stock Price Forecast
$37.00
Low Stock Price Forecast
$14.50
Forecasted Upside/Downside
+84.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
8 Analysts

Profitability

Net Income
$2.99 billion
Pretax Margin
19.18%

Debt

Sales & Book Value

Annual Sales
$20.44 billion
Cash Flow
$8.47 per share
Book Value
$11.55 per share

Miscellaneous

Free Float
509,901,000
Market Cap
$6.97 billion
Optionable
Optionable
Beta
2.23

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?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cleveland-Cliffs in the last twelve months. There are currently 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CLF shares.
View CLF analyst ratings
or view top-rated stocks.

What is Cleveland-Cliffs' stock price forecast for 2022?

8 brokers have issued 1 year target prices for Cleveland-Cliffs' stock. Their CLF share price forecasts range from $14.50 to $37.00. On average, they predict the company's stock price to reach $24.81 in the next twelve months. This suggests a possible upside of 84.2% 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 38.1% and is now trading at $13.47.
View the best growth stocks for 2022 here
.

Are investors shorting Cleveland-Cliffs?

Cleveland-Cliffs saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 39,610,000 shares, an increase of 8.3% from the August 31st total of 36,560,000 shares. Based on an average trading volume of 15,240,000 shares, the short-interest ratio is currently 2.6 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 Friday, October 28th 2022.
View our CLF earnings forecast
.

How were Cleveland-Cliffs' earnings last quarter?

Cleveland-Cliffs Inc. (NYSE:CLF) announced its earnings results on Friday, July, 22nd. The mining company reported $1.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.34 by $0.03. The mining company had revenue of $6.34 billion for the quarter, compared to analyst estimates of $6.13 billion. Cleveland-Cliffs had a trailing twelve-month return on equity of 64.45% and a net margin of 15.07%. Cleveland-Cliffs's revenue for the quarter was up 25.6% on a year-over-year basis. During the same quarter last year, the business posted $1.46 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."

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 $13.47.

How much money does Cleveland-Cliffs make?

Cleveland-Cliffs (NYSE:CLF) has a market capitalization of $6.97 billion and generates $20.44 billion in revenue each year. The mining company earns $2.99 billion in net income (profit) each year or $6.65 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 10/2/2022 by MarketBeat.com Staff

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