Cleveland Cliffs Inc (CLF)

[abracky]

Cleveland-Cliffs Inc. – Consensus Indicates Potential 66.8% Upside

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Charlotte Edwards

June 14, 2022

12:25 pm

Cleveland-Cliffs Inc. found using ticker (CLF) have now 8 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 47 and 24 and has a mean target at 32.76. Given that the stocks previous close was at 19.64 this would imply there is a potential upside of 66.8%. There is a 50 day moving average of 25.96 while the 200 day moving average is 23.07. The market cap for the company is $9,519m. You can visit the company’s website by visiting: https://www.clevelandcliffs.com

The potential market cap would be $15,877m based on the market concensus.
Cleveland-Cliffs Inc. operates as a flat-rolled steel producer in North America. The company offers carbon steel products, such as hot-rolled, cold-rolled, electrogalvanized, hot-dip galvanized, hot-dip galvannealed, aluminized, 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.