Cleveland-Cliffs Stock Forecast, Price & News

+0.14 (+0.56 %)
(As of 07/30/2021 12:00 AM ET)
Today's Range
50-Day Range
52-Week Range
Volume25.42 million shs
Average Volume24.95 million shs
Market Capitalization$12.49 billion
P/E Ratio16.45
Dividend YieldN/A
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About Cleveland-Cliffs

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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Overall MarketRank

2.13 out of 5 stars

Basic Materials Sector

40th out of 302 stocks

Metal Mining Industry

4th out of 35 stocks

Analyst Opinion: 2.4Community Rank: 3.7Dividend Strength: 0.0Insider Behavior: 3.3Valuation: 1.3 5 -4 -3 -2 -1 -
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Cleveland-Cliffs (NYSE:CLF) Frequently Asked Questions

Is Cleveland-Cliffs a buy right now?

10 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 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Cleveland-Cliffs stock.
View analyst ratings for Cleveland-Cliffs
or view top-rated stocks.

What stocks does MarketBeat like better than Cleveland-Cliffs?

Wall Street analysts have given Cleveland-Cliffs a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Cleveland-Cliffs wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Cleveland-Cliffs' next earnings date?

Cleveland-Cliffs is scheduled to release its next quarterly earnings announcement on Friday, October 22nd 2021.
View our earnings forecast for Cleveland-Cliffs

How were Cleveland-Cliffs' earnings last quarter?

Cleveland-Cliffs Inc. (NYSE:CLF) released its quarterly earnings data on Thursday, July, 22nd. The mining company reported $1.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $1.48 by $0.02. The mining company earned $5.05 billion during the quarter, compared to analyst estimates of $4.95 billion. Cleveland-Cliffs had a net margin of 6.73% and a trailing twelve-month return on equity of 48.53%. Cleveland-Cliffs's revenue was up 358.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.31) EPS.
View Cleveland-Cliffs' earnings history

How has Cleveland-Cliffs' stock been impacted by COVID-19 (Coronavirus)?

Cleveland-Cliffs' stock was trading at $4.49 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, CLF stock has increased by 456.8% and is now trading at $25.00.
View which stocks have been most impacted by COVID-19

What price target have analysts set for CLF?

10 brokers have issued twelve-month target prices for Cleveland-Cliffs' stock. Their forecasts range from $19.20 to $39.00. On average, they expect Cleveland-Cliffs' share price to reach $25.06 in the next twelve months. This suggests a possible upside of 0.2% from the stock's current price.
View analysts' price targets for Cleveland-Cliffs
or view top-rated stocks among Wall Street analysts.

Who are Cleveland-Cliffs' key executives?

Cleveland-Cliffs' management team includes the following people:
  • Mr. C. Lourenco Goncalves, Chairman, Pres & CEO (Age 60)
  • Mr. Timothy K. Flanagan, Exec. VP & CFO (Age 40)
  • Mr. Clifford T. Smith, Exec. VP of Bus. Devel. (Age 58)
  • Mr. Terry G. Fedor, Exec. VP of United States Iron Ore (Age 53)
  • Mr. R. Christopher Cebula, VP, Corp. Controller & Chief Accounting Officer (Age 47)

What is Lourenco Goncalves' approval rating as Cleveland-Cliffs' CEO?

38 employees have rated Cleveland-Cliffs CEO Lourenco Goncalves on Glassdoor.com. Lourenco Goncalves has an approval rating of 87% among Cleveland-Cliffs' employees.

Who are some of Cleveland-Cliffs' key competitors?

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 variety of retail and institutional investors. Top institutional investors include Fisher Asset Management LLC (2.56%), Hodges Capital Management Inc. (0.20%), Kornitzer Capital Management Inc. KS (0.15%), Alliancebernstein L.P. (0.14%), Texas Permanent School Fund (0.07%) and Terril Brothers Inc. (0.04%). Company insiders that own Cleveland-Cliffs stock include Eric M Rychel, Janet L Miller, John T Baldwin, Keith Koci, Lourenco Goncalves, M Ann Harlan, Robert P Fisher Jr and Susan Miranda Green.
View institutional ownership trends for Cleveland-Cliffs

Which institutional investors are selling Cleveland-Cliffs stock?

CLF stock was sold by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Fisher Asset Management LLC, State of Michigan Retirement System, Carnegie Capital Asset Management LLC, Sage Rhino Capital LLC, Versant Capital Management Inc, and Texas Permanent School Fund. Company insiders that have sold Cleveland-Cliffs company stock in the last year include John T Baldwin, and Susan Miranda Green.
View insider buying and selling activity for Cleveland-Cliffs
or view top insider-selling stocks.

Which institutional investors are buying Cleveland-Cliffs stock?

CLF stock was acquired by a variety of institutional investors in the last quarter, including Kornitzer Capital Management Inc. KS, Cutler Group LP, BNC Wealth Management LLC, Asio Capital LLC, Accredited Investors Inc., Oregon Public Employees Retirement Fund, Symmetry Investments LP, and Hodges Capital Management Inc.. Company insiders that have bought Cleveland-Cliffs stock in the last two years include Eric M Rychel, Janet L Miller, John T Baldwin, Keith Koci, Lourenco Goncalves, M Ann Harlan, and Robert P Fisher Jr.
View insider buying and selling activity for Cleveland-Cliffs
or or view top insider-buying stocks.

How do I buy shares of Cleveland-Cliffs?

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.
Compare Top Brokerages Here.

What is Cleveland-Cliffs' stock price today?

One share of CLF stock can currently be purchased for approximately $25.00.

How much money does Cleveland-Cliffs make?

Cleveland-Cliffs has a market capitalization of $12.49 billion and generates $5.35 billion in revenue each year. The mining company earns $-122,000,000.00 in net income (profit) each year or $0.17 on an earnings per share basis.

How many employees does Cleveland-Cliffs have?

Cleveland-Cliffs employs 25,000 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.

When was Cleveland-Cliffs founded?

Cleveland-Cliffs was founded in 1847.

What is Cleveland-Cliffs' official website?

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

Where are Cleveland-Cliffs' headquarters?

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

How can I contact Cleveland-Cliffs?

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]

This page was last updated on 7/31/2021 by MarketBeat.com Staff
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