# Cleveland-Cliffs Inc.  Share Price Target ‘$17.23’, now 11.9% Upside Potential

- Link: https://www.directorstalkinterviews.com/cleveland-cliffs-inc.share-price-target-17.23-now-11.9-upside-potential/4121164608
- Published: 2024-07-12T14:11:14+01:00
- Author: Charlotte Edwards

**Cleveland-Cliffs Inc.** with ticker code (CLF) now have 9 analysts in total covering
the stock. The consensus rating is pointing to ‘hold’. The target price High/Low
ranges between $23.00 and $10.13 suggesting an average analyst share price target
price of $17.23. (at the time of writing). Now with the previous closing price of
$15.40 this indicates there is a potential upside of 11.9%. The 50 day moving average
now sits at $16.26 and the 200 day moving average is $18.08. The market cap for 
the company is 7.56B. The stock price is currently at: $15.89 USD

 The potential market cap would be $8,453,120,418 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 21.19, revenue per share of $43.43
and a 3.92% 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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