Cleveland-Cliffs Inc. with ticker code (CLF) now have 10 confirmed analysts covering the stock with the consensus suggesting a rating of ‘hold’. The range between the high target price and low target price is between $23.00 and $10.13 calculating the average target share price we see $16.18. (at the time of writing). Now with the previous closing price of $11.99 this would imply there is now a potential upside of 34.9%. It’s also worth noting that there is a 50 day moving average of $14.26 and the 200 moving average now moves to $17.71. The company has a market capitalization of 5.41B. Currently the stock stands at: $11.55 USD
The potential market cap would be $7,294,982,931 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 128.33, revenue per share of $42.48 and a 2.49% 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.
