Cleveland-Cliffs Inc. – Consensus Indicates Potential 20.8% Upside

Broker Ratings

Cleveland-Cliffs Inc. found using ticker (CLF) have now 8 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 37 and 13.44 with the average target price sitting at 22.12. Now with the previous closing price of 18.31 this now indicates there is a potential upside of 20.8%. The day 50 moving average is 17.84 and the 200 moving average now moves to 22.02. The market cap for the company is $9,606m. Find out more information at: https://www.clevelandcliffs.com

The potential market cap would be $11,605m based on the market concensus.

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Cleveland-Cliffs Inc. operates as a flat-rolled steel producer in North America. The company offers carbon steel products, such as hot-rolled, cold-rolled, electrogalvanized, hot-dip galvanized, hot-dip galvannealed, aluminized, enameling, and advanced high-strength steel products; stainless steel products; plates; and grain oriented and non-oriented electrical steel products. It also provides tubular components, including carbon steel, stainless steel, and electric resistance welded tubing. In addition, the company offers tinplate products, such as electrolytic tin coated and chrome coated sheet, and tin mill products; tooling and sampling; raw materials; ingots, rolled blooms, and cast blooms; and hot-briquetted iron products. Further, it owns five iron ore mines in Minnesota and Michigan. The company serves automotive, infrastructure and manufacturing, distributors and converters, and steel producers. Cleveland-Cliffs Inc. was formerly known as Cliffs Natural Resources Inc. and changed its name to Cleveland-Cliffs Inc. in August 2017. The company was founded in 1847 and is headquartered in Cleveland, Ohio.

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