Cleveland-Cliffs Inc. which can be found using ticker (CLF) now have 10 analysts in total covering the stock. The consensus rating is pointing to ‘Buy’. The range between the high target price and low target price is between 26 and 13.44 with the average target price sitting at $22.26. Given that the stocks previous close was at $17.26 this now indicates there is a potential upside of 29.0%. The 50 day moving average now sits at $19.63 while the 200 day moving average is $17.13. The total market capitalization for the company now stands at $9,235m. Company Website: https://www.clevelandcliffs.com
The potential market cap would be $11,910m based on the market consensus.
Cleveland-Cliffs Inc. operates as a flat-rolled steel producer in North America. The company offers hot-rolled, cold-rolled, electrogalvanized, hot-dip galvanized, galvannealed, aluminized, galvalume, enameling, and advanced high-strength steel products; stainless steel products; plates; and grain oriented and non-oriented electrical steel products. It also provides tubular components, including carbon steel, stainless steel, and electric resistance welded tubing. In addition, the company offers tinplate products, such as electrolytic tin coated and chrome coated sheet, and tin mill products; tooling and sampling; raw materials; ingots, rolled blooms, and cast blooms; and hot-briquetted iron products. Further, it owns five iron ore mines in Minnesota and Michigan. The company serves automotive, infrastructure and manufacturing, distributors and converters, and steel producers. Cleveland-Cliffs Inc. was formerly known as Cliffs Natural Resources Inc. and changed its name to Cleveland-Cliffs Inc. in August 2017. The company was founded in 1847 and is headquartered in Cleveland, Ohio.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 6.9, revenue per share of 44.3 and a 7.24% return on assets.
