# Cleveland-Cliffs Inc. – Consensus ‘buy’ rating and 29.4% Upside Potential

- Link: https://www.directorstalkinterviews.com/cleveland-cliffs-inc.consensus-buy-rating-and-29.4-upside-potential/4121130184
- Published: 2023-10-20T13:12:15+01:00
- Author: Charlotte Edwards

**Cleveland-Cliffs Inc.** with ticker code (CLF) now have 6 market analysts covering
the stock. The analyst consensus now points to a rating of ‘buy’. The target price
High/Low ranges between 25 and 13.44 calculating the average target price we see
$18.62. Now with the previous closing price of $14.39 this is indicating there is
a potential upside of 29.4%. It’s also worth noting that there is a 50 day moving
average of $14.95 and the 200 moving average now moves to $16.96. The company has
a market cap of 7.40B. The current share price for the company is: 14.54 USD

 The potential market cap would be $9,570,389,864 based on the market consensus.

The company is not paying dividends at this time.

Other points of data to note are a P/E ratio of 30.94, revenue per share of 42.67
and a 2.2% return on assets.

Cleveland-Cliffs Inc. is a flat-rolled steel producer in North America. The Company
is engaged in manufacturing iron ore pellets. It is vertically integrated from mined
raw materials, direct reduced iron and ferrous scrap to primary steelmaking and 
downstream finishing, stamping, tooling, and tubing. It offers advanced high-strength
steels (AHSS), hot-dipped galvanized, aluminized, galvalume, electrogalvanized, 
galvanneal, hot-rolled coil (HRC), cold-rolled coil, plate, tinplate, grain oriented
electrical steel (GOES), non-oriented electrical steel (NOES), stainless steels,
tool and die, stamped components, rail, slab and cast ingot. It provides steel solutions,
such as operations of tooling and stamping, which provides advanced-engineered solutions,
tool design and build, hot and cold-stamped components, and complex assemblies for
the automotive market. It serves various markets, such as automotive, infrastructure
and manufacturing, steel producers, and distributors and converters.

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