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 range between the high target price and low target price is between $25.00 and $11.41 suggesting an average analyst share price target price of $19.37. (at the time of writing). Given that the stocks previous close was at $19.53 this would imply there is a potential downside of -.8%. It’s also worth noting that there is a 50 day moving average of $19.12 and the 200 day MA is $16.58. The market capitalization for the company is 9.96B. The stock price for the company is currently $19.98 USD
The potential market cap would be $9,874,250,133 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 25.62, revenue per share of $43.13 and a 3.29% 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.
