Cleveland-Cliffs Inc. – Consensus Indicates Potential 76.8% Upside

Broker Ratings

Cleveland-Cliffs Inc. found using ticker (CLF) now have 9 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 39 and 16 with a mean TP of 26.5. Now with the previous closing price of 14.99 this now indicates there is a potential upside of 76.8%. The day 50 moving average is 19.41 and the 200 day moving average is 22.31. The market capitalisation for the company is $8,149m. You can visit the company’s website by visiting: https://www.clevelandcliffs.com

The potential market cap would be $14,406m 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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