Cleveland-Cliffs Inc. – Consensus Indicates Potential 13.3% Upside

Broker Ratings

Cleveland-Cliffs Inc. found using ticker (CLF) now have 6 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 22.09 and 18 calculating the average target price we see 20.38. Given that the stocks previous close was at 17.99 this indicates there is a potential upside of 13.3%. The day 50 moving average is 16.64 and the 200 day MA is 13.59. The company has a market cap of $8,676m. Company Website: 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.

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