Cleveland-Cliffs Inc. with ticker code (CLF) have now 6 market analysts covering the stock. The analyst consensus now points to a rating of ‘buy’. The target price High/Low ranges between $25.00 and $11.45 with the average target price sitting at $19.04. Given that the stocks previous close was at $21.15 this would imply there is a potential downside of -10.0%. Also worth taking note is the 50 day moving average now sits at $16.81 and the 200 day moving average is $16.26. The company has a market cap of 10.65B. The current share price for the company is: $21.09 USD
The potential market cap would be $9,585,283,531 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 31.48, revenue per share of $42.75 and a 2.69% 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.
