Cleveland-Cliffs Inc. with ticker code (CLF) now have 7 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The range between the high target price and low target price is between 10 and 3.9 calculating the average target price we see 5.89. Given that the stocks previous close was at 4.99 this would imply there is a potential upside of 18.0%. The day 50 moving average is 5.73 and the 200 moving average now moves to 5.64. The market capitalisation for the company is $2,288m. You can visit the company’s website by visiting: http://www.clevelandcliffs.com
Cleveland-Cliffs Inc. operates as an independent iron ore mining company in the United States, Canada, and internationally. It operates in two segments, Mining and Pelletizing, and Metallics. The company operates three iron ore mines, including the Tilden mine in Michigan; and the Northshore and United Taconite mines in Minnesota, as well as holds 23% stake in the Hibbing mine in Minnesota. It produces various grades of iron ore pellets, including standard, fluxed, and DR-grade for blast furnace steel producers; and flat-rolled carbon, stainless, and electrical steel products primarily for the automotive, infrastructure, and manufacturing markets. 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.