Cleveland-Cliffs (CLF) Stock Forecast, Price Target & Predictions
CLF Stock Forecast
Cleveland-Cliffs stock forecast is as follows: an average price target of $16.50 (represents a 75.91% upside from CLF’s last price of $9.38) and a rating consensus of 'Buy', based on 18 wall street analysts offering a 1-year stock forecast.
CLF Price Target
CLF Analyst Ratings
Buy
Cleveland-Cliffs Price Target by Analyst
Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
---|---|---|---|---|---|---|
Aug 27, 2024 | Martin Englert | Seaport Global | $16.50 | $13.85 | 19.18% | 75.91% |
Jun 11, 2024 | Matthew Key | B.Riley Financial | $23.00 | $14.83 | 55.09% | 145.20% |
Jun 06, 2024 | Gordon Johnson | GLJ Research | $10.13 | $16.09 | -37.02% | 8.00% |
May 20, 2024 | Christopher LaFemina | Jefferies | $22.00 | $17.51 | 25.64% | 134.54% |
Mar 28, 2024 | Gordon Johnson | GLJ Research | $27.20 | $22.64 | 20.14% | 189.98% |
Sep 15, 2023 | Carlos De Alba | Morgan Stanley | $19.00 | $14.62 | 29.96% | 102.56% |
Sep 15, 2023 | Curt Woodworth | Credit Suisse | $25.00 | $14.62 | 71.00% | 166.52% |
Jan 12, 2023 | Morgan Stanley | $26.00 | $19.23 | 35.21% | 177.19% | |
Jul 27, 2022 | Gordon Johnson | GLJ Research | $13.44 | $16.34 | -17.75% | 43.28% |
Jul 12, 2022 | Emily Chieng | Goldman Sachs | $24.00 | $15.09 | 59.05% | 155.86% |
Apr 25, 2022 | Curt Woodworth | Credit Suisse | $37.00 | $26.42 | 40.07% | 294.46% |
Apr 19, 2021 | Seth Rosenfeld | BNP Paribas | $19.20 | $17.39 | 10.41% | 104.69% |
Cleveland-Cliffs Price Target by Period
1M | 3M | 12M | |
---|---|---|---|
# Anlaysts | - | - | 5 |
Avg Price Target | - | - | $19.77 |
Last Closing Price | $9.38 | $9.38 | $9.38 |
Upside/Downside | -100.00% | -100.00% | 110.77% |
Analyst Ratings Upgrades/Downgrades
Date | Company | Previous Rating | New Rating | Rating Change |
---|---|---|---|---|
Sep 10, 2024 | Seaport Global | Buy | Buy | Hold |
Aug 27, 2024 | Seaport Global | Neutral | Buy | Upgrade |
Aug 15, 2024 | Johnson Rice | Buy | Buy | Hold |
Jun 11, 2024 | Raymond James | Strong Buy | Market Perform | Downgrade |
Jun 11, 2024 | Seaport Global | Neutral | Initialise | |
Jun 06, 2024 | Johnson Rice | Buy | Buy | Hold |
Jun 06, 2024 | Jefferies | Underperform | Underperform | Hold |
Jun 06, 2024 | GLJ Research | Buy | Sell | Downgrade |
May 20, 2024 | Jefferies | Buy | Buy | Hold |
May 20, 2024 | Jefferies | Hold | Buy | Initialise |
Apr 30, 2024 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
Apr 30, 2024 | B. Riley | Buy | Buy | Hold |
Apr 09, 2024 | Wolfe Research | Underperform | Downgrade | |
Mar 28, 2024 | GLJ Research | Sell | Buy | Upgrade |
Mar 26, 2024 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
Sep 25, 2023 | Jefferies | Hold | Downgrade | |
Sep 25, 2023 | Citigroup | Neutral | Buy | Upgrade |
Sep 25, 2023 | Canaccord Genuity | Hold | Downgrade | |
Sep 25, 2023 | Raymond James | Strong Buy | Upgrade | |
Sep 25, 2023 | Guggenheim | Neutral | Upgrade | |
Sep 25, 2023 | Loop Capital Markets | Buy | Upgrade | |
Sep 25, 2023 | Morgan Stanley | Overweight | Equal-Weight | Downgrade |
Sep 25, 2023 | Noble Capital Markets | Market Perform | Downgrade | |
Sep 25, 2023 | Goldman Sachs | Buy | Sell | Downgrade |
Sep 25, 2023 | Barclays | Underweight | Downgrade | |
Sep 25, 2023 | Bernstein | Market Perform | Downgrade | |
Sep 15, 2023 | Credit Suisse | Outperform | Outperform | Hold |
Sep 15, 2023 | Morgan Stanley | Overweight | Overweight | Hold |
Jan 11, 2023 | Morgan Stanley | Overweight | Upgrade | |
Dec 23, 2022 | B. Riley Securities | Buy | Buy | Hold |
Oct 06, 2022 | Goldman Sachs | Buy | Buy | Hold |
Sep 27, 2022 | B. Riley Securities | Buy | Buy | Hold |
Jul 30, 2022 | Citigroup | Neutral | Neutral | Hold |
Jul 27, 2022 | B. Riley | Buy | Buy | Hold |
Jul 27, 2022 | GLJ Research | Sell | Downgrade | |
Jul 12, 2022 | Goldman Sachs | Buy | Buy | Hold |
Apr 25, 2022 | Credit Suisse | Outperform | Outperform | Hold |
May 04, 2021 | Credit Suisse | Neutral | Upgrade | |
Jan 20, 2021 | KeyBanc | Buy | Buy | Hold |
Jan 20, 2021 | Exane BNP Paribas | Outperform | Upgrade |
Cleveland-Cliffs Financial Forecast
Cleveland-Cliffs Revenue Forecast
Quarter
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | $5.61B | $5.98B | $5.29B | $5.04B | $5.65B | $6.34B | $5.96B | $5.35B | $6.00B | $5.04B | $4.05B | $2.26B | $1.65B | $1.09B | $359.10M | $534.10M | $555.60M |
Avg Forecast | $11.73B | $10.56B | $9.51B | $8.56B | $5.04B | $5.33B | $5.35B | $5.00B | $4.55B | $4.72B | $5.18B | $5.34B | $5.16B | $5.58B | $5.80B | $5.21B | $5.20B | $5.78B | $6.12B | $5.40B | $5.73B | $5.64B | $4.97B | $4.22B | $2.34B | $1.60B | $1.07B | $304.16M | $556.36M | $534.20M |
High Forecast | $12.46B | $11.22B | $10.10B | $9.10B | $5.36B | $5.66B | $5.68B | $5.19B | $4.70B | $4.82B | $5.18B | $5.34B | $5.22B | $5.67B | $6.16B | $5.54B | $5.53B | $5.78B | $6.12B | $5.40B | $5.73B | $5.64B | $4.97B | $4.22B | $2.34B | $1.60B | $1.07B | $304.16M | $556.36M | $534.20M |
Low Forecast | $11.08B | $9.98B | $8.99B | $8.09B | $4.76B | $5.03B | $5.05B | $4.81B | $4.36B | $4.63B | $5.18B | $5.34B | $5.11B | $5.46B | $5.48B | $4.93B | $4.92B | $5.78B | $6.12B | $5.40B | $5.73B | $5.64B | $4.97B | $4.22B | $2.34B | $1.60B | $1.07B | $304.16M | $556.36M | $534.20M |
# Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 5 | 4 | 4 | 4 | 5 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 9 | 9 | 9 | 5 | 5 |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 1.03% | 1.02% | 0.97% | 0.98% | 1.03% | 1.10% | 0.93% | 1.06% | 1.02% | 0.96% | 0.96% | 1.03% | 1.02% | 1.18% | 0.96% | 1.04% |
Forecast
Cleveland-Cliffs EBITDA Forecast
Quarter
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 5 | 4 | 4 | 4 | 5 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 9 | 9 | 9 | 5 | 5 |
EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $622.00M | $784.00M | $263.00M | $130.00M | $472.00M | $1.14B | $1.44B | $1.42B | $1.93B | $1.29B | $359.00M | $245.70M | $108.20M | $-2.80M | $-38.10M | $104.40M | $143.20M |
Avg Forecast | $1.82B | $1.64B | $1.47B | $1.33B | $781.37M | $825.30M | $828.22M | $774.43M | $705.35M | $731.77M | $802.74M | $1.60B | $798.83M | $864.14M | $897.97M | $1.46B | $-1.22B | $923.50M | $978.72M | $1.33B | $915.13M | $901.35M | $793.74M | $460.17M | $374.33M | $256.26M | $170.71M | $-58.91M | $88.91M | $85.37M |
High Forecast | $1.93B | $1.74B | $1.57B | $1.41B | $830.02M | $876.69M | $879.78M | $803.78M | $728.96M | $746.44M | $802.74M | $1.92B | $808.12M | $879.00M | $953.88M | $1.75B | $-977.50M | $923.50M | $978.72M | $1.59B | $915.13M | $901.35M | $793.74M | $552.21M | $374.33M | $256.26M | $170.71M | $-47.13M | $88.91M | $85.37M |
Low Forecast | $1.72B | $1.55B | $1.39B | $1.25B | $738.30M | $779.81M | $782.56M | $745.09M | $675.43M | $717.10M | $802.74M | $1.28B | $791.09M | $845.83M | $848.47M | $1.17B | $-1.47B | $923.50M | $978.72M | $1.06B | $915.13M | $901.35M | $793.74M | $368.14M | $374.33M | $256.26M | $170.71M | $-70.69M | $88.91M | $85.37M |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.72% | 0.87% | 0.18% | -0.11% | 0.51% | 1.16% | 1.09% | 1.55% | 2.14% | 1.62% | 0.78% | 0.66% | 0.42% | -0.02% | 0.65% | 1.17% | 1.68% |
Forecast
Cleveland-Cliffs Net Income Forecast
Quarter
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 5 | 4 | 4 | 4 | 5 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 9 | 9 | 9 | 5 | 5 |
Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $264.00M | $347.00M | $-43.00M | $-205.00M | $152.00M | $596.00M | $801.00M | $898.00M | $1.27B | $780.00M | $41.00M | $64.00M | $-10.00M | $-123.90M | $-52.10M | $63.20M | $90.90M |
Avg Forecast | $238.68M | $238.68M | $234.00M | $234.00M | $80.62M | $65.15M | $26.12M | $-149.17M | $-213.79M | $-145.82M | $-2.67M | $907.35M | $-21.95M | $200.88M | $323.13M | $824.86M | $1.16B | $232.66M | $626.01M | $749.87M | $998.72M | $1.05B | $710.82M | $52.55M | $94.19M | $-46.25M | $-250.19M | $-42.33M | $119.61M | $138.98M |
High Forecast | $258.00M | $258.00M | $252.94M | $252.94M | $87.14M | $70.42M | $28.23M | $-44.20M | $-121.47M | $-135.37M | $-2.47M | $1.09B | $-6.27M | $294.31M | $349.28M | $989.83M | $1.39B | $232.66M | $626.01M | $899.85M | $998.72M | $1.05B | $710.82M | $63.07M | $94.19M | $-46.25M | $-250.19M | $-33.87M | $119.61M | $138.98M |
Low Forecast | $221.57M | $221.57M | $217.23M | $217.23M | $74.84M | $60.47M | $24.25M | $-392.25M | $-276.95M | $-157.62M | $-2.88M | $725.88M | $-40.77M | $116.79M | $299.97M | $659.89M | $927.10M | $232.66M | $626.01M | $599.90M | $998.72M | $1.05B | $710.82M | $42.04M | $94.19M | $-46.25M | $-250.19M | $-50.80M | $119.61M | $138.98M |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.31% | 1.07% | -0.05% | -0.18% | 0.65% | 0.95% | 1.07% | 0.90% | 1.21% | 1.10% | 0.78% | 0.68% | 0.22% | 0.50% | 1.23% | 0.53% | 0.65% |
Forecast
Cleveland-Cliffs SG&A Forecast
Quarter
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 5 | 4 | 4 | 4 | 5 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 9 | 9 | 9 | 5 | 5 |
SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $144.00M | $149.00M | $127.00M | $116.00M | $124.00M | $107.00M | $122.00M | $111.00M | $112.00M | $104.00M | $95.00M | $94.80M | $59.60M | $62.10M | $26.10M | $37.20M | $25.50M |
Avg Forecast | $404.99M | $364.72M | $328.45M | $295.79M | $174.16M | $183.95M | $184.60M | $172.62M | $157.22M | $163.11M | $178.93M | $138.20M | $178.05M | $192.61M | $200.15M | $125.63M | $137.14M | $199.58M | $211.51M | $114.21M | $197.77M | $194.79M | $171.53M | $121.77M | $80.90M | $55.38M | $36.89M | $21.21M | $19.21M | $18.45M |
High Forecast | $430.20M | $387.42M | $348.90M | $314.21M | $185.01M | $195.41M | $196.10M | $179.16M | $162.48M | $166.38M | $178.93M | $165.84M | $180.12M | $195.92M | $212.61M | $150.76M | $164.56M | $199.58M | $211.51M | $137.06M | $197.77M | $194.79M | $171.53M | $146.13M | $80.90M | $55.38M | $36.89M | $25.45M | $19.21M | $18.45M |
Low Forecast | $382.66M | $344.61M | $310.35M | $279.49M | $164.56M | $173.81M | $174.43M | $166.07M | $150.55M | $159.84M | $178.93M | $110.56M | $176.33M | $188.53M | $189.12M | $100.51M | $109.71M | $199.58M | $211.51M | $91.37M | $197.77M | $194.79M | $171.53M | $97.42M | $80.90M | $55.38M | $36.89M | $16.96M | $19.21M | $18.45M |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.75% | 0.74% | 1.01% | 0.85% | 0.62% | 0.51% | 1.07% | 0.56% | 0.57% | 0.61% | 0.78% | 1.17% | 1.08% | 1.68% | 1.23% | 1.94% | 1.38% |
Forecast
Cleveland-Cliffs EPS Forecast
Quarter
Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 5 | 4 | 4 | 4 | 5 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 9 | 9 | 9 | 5 | 5 |
EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.52 | $0.68 | $-0.08 | $-0.39 | $0.30 | $1.14 | $1.54 | $1.79 | $2.46 | $1.40 | $0.08 | $0.15 | $-0.02 | $-0.31 | $-0.18 | $0.23 | $0.34 |
Avg Forecast | $0.51 | $0.51 | $0.50 | $0.50 | $0.17 | $0.14 | $0.06 | $-0.32 | $-0.46 | $-0.31 | $-0.01 | $0.22 | $-0.05 | $0.43 | $0.69 | $-0.20 | $-0.34 | $0.49 | $1.32 | $1.46 | $2.11 | $2.22 | $1.50 | $0.35 | $0.20 | $-0.10 | $-0.53 | $-0.18 | $0.25 | $0.29 |
High Forecast | $0.55 | $0.55 | $0.54 | $0.54 | $0.19 | $0.15 | $0.06 | $-0.09 | $-0.26 | $-0.29 | $-0.01 | $0.22 | $-0.01 | $0.63 | $0.75 | $-0.18 | $-0.32 | $0.49 | $1.32 | $1.48 | $2.11 | $2.22 | $1.50 | $0.35 | $0.20 | $-0.10 | $-0.53 | $-0.18 | $0.25 | $0.29 |
Low Forecast | $0.47 | $0.47 | $0.46 | $0.46 | $0.16 | $0.13 | $0.05 | $-0.84 | $-0.59 | $-0.34 | $-0.01 | $0.22 | $-0.09 | $0.25 | $0.64 | $-0.21 | $-0.37 | $0.49 | $1.32 | $1.45 | $2.11 | $2.22 | $1.50 | $0.35 | $0.20 | $-0.10 | $-0.53 | $-0.18 | $0.25 | $0.29 |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.21% | 0.98% | 0.42% | 1.13% | 0.61% | 0.86% | 1.05% | 0.85% | 1.11% | 0.93% | 0.23% | 0.75% | 0.20% | 0.59% | 0.98% | 0.91% | 1.16% |
Forecast
Cleveland-Cliffs Peer Comparison by Price Target
Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
---|---|---|---|---|---|
PKX | POSCO | $45.73 | $77.00 | 68.38% | Hold |
CLF | Cleveland-Cliffs | $9.89 | $16.50 | 66.84% | Buy |
TX | Ternium | $30.31 | $50.00 | 64.96% | Buy |
GGB | Gerdau | $3.31 | $5.00 | 51.06% | Buy |
X | United States Steel | $31.94 | $42.86 | 34.19% | Buy |
MT | ArcelorMittal | $23.97 | $31.00 | 29.33% | Buy |
NUE | Nucor | $120.98 | $154.75 | 27.91% | Hold |
STLD | Steel Dynamics | $118.58 | $145.60 | 22.79% | Buy |
RS | Reliance Steel & Aluminum | $280.07 | $325.00 | 16.04% | Buy |
CMC | Commercial Metals Company | $54.16 | $62.00 | 14.48% | Buy |