Cleveland-Cliffs Inc. – Consensus Indicates Potential 87.0% Upside

Broker Ratings

Cleveland-Cliffs Inc. with ticker code (CLF) now have 8 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The range between the high target price and low target price is between 47 and 20 calculating the mean target price we have 31.63. With the stocks previous close at 16.91 this indicates there is a potential upside of 87.0%. There is a 50 day moving average of 24.5 and the 200 day moving average is 22.91. The company has a market cap of $8,968m. Find out more information at: https://www.clevelandcliffs.com

The potential market cap would be $16,774m 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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