# Cleveland-Cliffs Inc.  Share Price Target ‘$17.45’, now 9.4% Upside Potential

- Link: https://www.directorstalkinterviews.com/cleveland-cliffs-inc.share-price-target-17.45-now-9.4-upside-potential/4121163837
- Published: 2024-07-05T15:36:26+01:00
- Author: Charlotte Edwards

**Cleveland-Cliffs Inc.** with ticker code (CLF) now have 9 confirmed analysts covering
the stock with the consensus suggesting a rating of ‘hold’. The target price High/
Low ranges between $23.00 and $10.13 suggesting an average analyst share price target
price of $17.45. (at the time of writing). Given that the stocks previous close 
was at $15.95 this now indicates there is a potential upside of 9.4%. It’s also 
worth noting that there is a 50 day moving average of $16.53 and the 200 day MA 
is $18.05. The market capitalization for the company is 7.44B. The stock price for
the company is currently $15.65 USD

 The potential market cap would be $8,138,398,174 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 20.86, 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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