Cleveland-Cliffs Inc. – Consensus Indicates Potential -13.0% Downside

Broker Ratings

Cleveland-Cliffs Inc. found using ticker (CLF) have now 7 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The target price ranges between 15.75 and 5.25 calculating the mean target price we have 9.73. Now with the previous closing price of 11.18 this now indicates there is a potential downside of -13.0%. The day 50 moving average is 8.54 and the 200 day MA is 6.57. The company has a market capitalisation of $4,507m. 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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