Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
Cleveland-Cliffs Inc Market Cap
Based on ratings from 11 stock analysts, the Cleveland-Cliffs Inc stock price is expected to increase by 17.37% in 12 months. This is calculated by using the average 12-month stock price forecast for Cleveland-Cliffs Inc. The lowest target is $10 and the highest is $21. Please note analyst price targets are not guaranteed and could be missed completely.
Cleveland-Cliffs Inc has a total of 11 Wall St Analyst ratings. There are 3 buy ratings, 6 ratings, and 2 sell ratings. Since most analysts have a buy consensus rating, the expectation is that Cleveland-Cliffs Inc will outperform the market. Investors shouldn't rely purely on analyst ratings; we encourage investors to also take a look at the fundamental and technical analysis in their due diligence.
These are the latest 20 analyst ratings of CLF.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Carlos De Alba Morgan Stanley | Equal-Weight | $13.5 | Maintains | Sep 18, 2024 |
| Carlos De Alba Morgan Stanley | Equal-Weight | $15 | Maintains | Sep 17, 2024 |
| Alexander Hacking Citigroup | Neutral | $12.5 | Maintains | Sep 10, 2024 |
| Martin Englert Seaport Global | Buy | $16.5 | Upgrade | Aug 27, 2024 |
| Carlos De Alba Morgan Stanley | Equal-Weight | $15 | Maintains | Aug 15, 2024 |
| Lawson Winder B of A Securities | Neutral | $18 | Maintains | Jun 26, 2024 |
| Lucas Pipes B. Riley Securities | Buy | $23 | Maintains | Jun 25, 2024 |
| Gordon Johnson GLJ Research | Sell | $10.13 | Reiterates | Jun 14, 2024 |
| Bill Peterson JP Morgan | Neutral | $17 | Downgrade | Jun 11, 2024 |
| Martin Englert Seaport Global | Neutral | Initiates | Jun 11, 2024 | |
| Gordon Johnson GLJ Research | Sell | $10.13 | Downgrade | Jun 6, 2024 |
| Christopher LeFemina Jefferies | Buy | $22 | Initiates | May 20, 2024 |
| Lucas Pipes B. Riley Securities | Buy | $24 | Maintains | Apr 30, 2024 |
| Carlos De Alba Morgan Stanley | Equal-Weight | $19 | Maintains | Apr 30, 2024 |
| Bill Peterson JP Morgan | Overweight | $23 | Maintains | Apr 24, 2024 |
| Timna Tanners Wolfe Research | Underperform | Downgrade | Apr 9, 2024 | |
| Gordon Johnson GLJ Research | Buy | $27.2 | Upgrade | Mar 28, 2024 |
| Carlos De Alba Morgan Stanley | Equal-Weight | $20 | Maintains | Mar 26, 2024 |
| Alexander Hacking Citigroup | Neutral | $22 | Downgrade | Mar 13, 2024 |
| Seth Rosenfeld Exane BNP Paribas | Underperform | $16.5 | Downgrade | Feb 28, 2024 |
When did it IPO
1987
Staff Count
30,000
Country
United States
Sector/Industry
Basic Materials/Steel
CEO
Mr. C. Lourenco Goncalves
Market Cap
$6.15B
In 2023, CLF generated $22.00B in revenue, which was a increase of 0.00% from the previous year. This can be seen as a signal that CLF's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Thu, 21 Nov 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - Cleveland-Cliffs (CLF) is currently attracting significant interest from Zacks.com users, prompting a closer examination of the stock's potential.
Why It Matters - Increased attention on Cleveland-Cliffs (CLF) may signal potential price movement or volatility, prompting investors to reassess their positions or strategies.
Fri, 08 Nov 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - Cleveland-Cliffs (CLF) has gained significant attention among Zacks.com users, indicating potential investor interest that may impact its stock prospects.
Why It Matters - Increased interest in Cleveland-Cliffs (CLF) signals potential market momentum, making it essential for investors to analyze factors influencing its stock performance.
Tue, 05 Nov 2024
Sentiment - NEGATIVE
Source - The Motley Fool
Summary - Cleveland-Cliffs is currently facing challenges due to difficulties in the auto sector.
Why It Matters - Cleveland-Cliffs' performance is negatively impacted by the struggling auto sector, potentially leading to reduced revenue and investor sentiment.
Tue, 05 Nov 2024
Sentiment - NEGATIVE
Source - Proactive Investors
Summary - Cleveland-Cliffs Inc. (NYSE:CLF) shares fell over 10% following Q3 2024 earnings, reporting declining EBITDA, rising net debt, and reduced capital expenditures due to steel market pressures.
Why It Matters - Cleveland-Cliffs' earnings miss signals steel market weakness, increased debt, and reduced investment, suggesting potential future profitability challenges and heightened risk for shareholders.
Tue, 05 Nov 2024
Sentiment - NEGATIVE
Source - Schaeffers Research
Summary - Cleveland-Cliffs Inc (NYSE: CLF) shares fell 11.3% to $11.63 following a disappointing third-quarter earnings report.
Why It Matters - Cleveland-Cliffs' stock drop indicates weak performance and potential future challenges, signaling declining investor confidence and possible impacts on profitability.
Tue, 05 Nov 2024
Sentiment - NEGATIVE
Source - Barrons
Summary - Smaller commodity producers face challenges in maintaining profitability during market downturns.
Why It Matters - Smaller commodity producers may face increased risk of financial instability during downturns, potentially impacting stock performance and investment returns in the sector.
The information that Ticker Nerd provides is general in nature as it has been prepared without taking account of your objectives, financial situation or needs. It is not intended as legal, financial or investment advice and should not be construed or relied on as such. Ticker Nerd is for information purposes only. Ticker Nerd is not responsible for any damages or losses that may occur as a result of reliance on this information. Before making any commitment of a legal or financial nature you should seek advice from a qualified and registered legal practitioner or financial or investment adviser. All content, group, messaging, tweets, newsletter, article, and email created by Ticker Nerd is intended for educational and information purposes only, is not financial, investment, legal or tax advice, and is a restatement, summary or extract of other data and research reports that are widely distributed from sources such as, but not limited to, Bloomberg, Market Watch, Wall Street Journal, Google Finance, and Yahoo Finance. Ticker Nerd is not a registered financial, investment, legal or tax advisor and is not liable for any financial loss you may incur acting on any information provided by Ticker Nerd. By registering, you agree not to hold Ticker Nerd liable at any time or under any circumstances for your decisions, actions, or results.
