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Cleveland-Cliffs - CLF Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $17.56
  • Forecasted Upside: 47.83%
  • Number of Analysts: 10
  • Breakdown:
  • 2 Sell Ratings
  • 5 Hold Ratings
  • 2 Buy Ratings
  • 1 Strong Buy Ratings
$11.88 As of 11/21/2024 03:20 PM ET
▲ +0.22 (1.89%)

This chart shows the closing price for CLF by one month, three months, or twelve months.

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Analyst Price Target for CLF

Analyst Price Target is $17.56
▲ +47.83% Upside Potential
This price target is based on 10 analysts offering 12 month price targets for Cleveland-Cliffs in the last 3 months. The average price target is $17.56, with a high forecast of $23.00 and a low forecast of $12.50. The average price target represents a 47.83% upside from the last price of $11.88.

This chart shows the closing price for CLF for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Hold

The current consensus among 10 polled investment analysts is to hold stock in Cleveland-Cliffs. This rating has held steady since January 2024, when it changed from a Moderate Buy consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 6 buy ratings
  • 6 hold ratings
  • 1 sell ratings
Ratings as of
5/31/2023
  • 0 strong buy ratings
  • 5 buy ratings
  • 6 hold ratings
  • 1 sell ratings
Ratings as of
8/29/2023
  • 0 strong buy ratings
  • 4 buy ratings
  • 5 hold ratings
  • 0 sell ratings
Ratings as of
11/27/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
2/25/2024
  • 0 strong buy ratings
  • 3 buy ratings
  • 3 hold ratings
  • 2 sell ratings
Ratings as of
5/25/2024
  • 0 strong buy ratings
  • 2 buy ratings
  • 6 hold ratings
  • 2 sell ratings
Ratings as of
8/23/2024
  • 1 strong buy ratings
  • 2 buy ratings
  • 5 hold ratings
  • 2 sell ratings
Ratings as of
10/22/2024
  • 1 strong buy ratings
  • 2 buy ratings
  • 5 hold ratings
  • 2 sell ratings
Ratings as of
11/21/2024

Latest Recommendations

  • 1 strong buy ratings
  • 2 buy ratings
  • 5 hold ratings
  • 2 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
9/18/2024Morgan StanleyLower TargetEqual Weight ➝ Equal Weight$15.00 ➝ $13.50
9/17/2024Morgan StanleyReiterated RatingEqual Weight ➝ Equal Weight$15.00 ➝ $15.00
9/10/2024CitigroupLower TargetNeutral ➝ Neutral$18.00 ➝ $12.50
8/27/2024Seaport Res PtnUpgradeHold ➝ Strong-Buy
8/15/2024Morgan StanleyLower TargetEqual Weight ➝ Equal Weight$17.50 ➝ $15.00
6/26/2024Bank of AmericaLower TargetNeutral ➝ Neutral$20.00 ➝ $18.00
6/25/2024B. RileyReiterated RatingBuy ➝ Buy$23.00 ➝ $23.00
6/11/2024Seaport Res PtnUpgradeHold
6/11/2024JPMorgan Chase & Co.DowngradeOverweight ➝ Neutral$23.00 ➝ $17.00
5/20/2024Jefferies Financial GroupInitiated CoverageBuy$22.00
4/30/2024Morgan StanleyLower TargetEqual Weight ➝ Equal Weight$20.00 ➝ $19.00
4/30/2024B. RileyLower TargetBuy ➝ Buy$25.00 ➝ $24.00
4/24/2024JPMorgan Chase & Co.Lower TargetOverweight ➝ Overweight$24.00 ➝ $23.00
4/9/2024Wolfe ResearchReiterated RatingPeer Perform ➝ Underperform$18.00
3/26/2024Morgan StanleyReiterated RatingEqual Weight ➝ Equal Weight$20.00
3/13/2024CitigroupDowngradeBuy ➝ Neutral$22.00
2/28/2024BNP ParibasDowngradeNeutral ➝ Underperform$16.50
2/15/2024Morgan StanleyDowngradeOverweight ➝ Equal Weight$21.50 ➝ $20.00
2/8/2024ArgusDowngradeBuy ➝ Hold
10/31/2023Morgan StanleyBoost TargetOverweight ➝ Overweight$19.00 ➝ $21.50
9/27/2023B. RileyLower TargetBuy ➝ Buy$26.00 ➝ $25.00
9/25/2023CitigroupUpgradeNeutral ➝ Buy$22.00
8/1/2023B. RileyLower TargetBuy ➝ Buy$27.00 ➝ $26.00
5/23/2023JPMorgan Chase & Co.Initiated CoverageNeutral$18.00
3/20/2023Wolfe ResearchUpgradeUnderperform ➝ Peer Perform
2/15/2023B. RileyLower TargetBuy$27.00 ➝ $26.00
2/13/2023CitigroupBoost TargetNeutral$16.00 ➝ $22.00
1/25/2023BNP ParibasUpgradeUnderperform ➝ Neutral$21.00
1/18/2023The Goldman Sachs GroupBoost TargetBuy$18.00 ➝ $23.00
1/11/2023Morgan StanleyUpgradeEqual Weight ➝ Overweight$13.60 ➝ $26.00
1/4/2023Bank of AmericaInitiated CoverageNeutral ➝ Neutral$19.00
12/23/2022B. RileyBoost TargetBuy$26.00 ➝ $27.00
12/16/2022UBS GroupInitiated CoverageNeutral$17.00
11/2/2022Wolfe ResearchDowngradePeer Perform ➝ Underperform$12.00
10/26/2022Morgan StanleyLower TargetEqual Weight$14.50 ➝ $13.60
10/26/2022B. RileyLower Target$32.00 ➝ $26.00
10/18/2022BNP ParibasDowngradeNeutral ➝ Underperform$14.30
10/18/2022Exane BNP ParibasDowngradeNeutral ➝ Underperform$14.30
10/6/2022The Goldman Sachs GroupLower TargetBuy$23.00 ➝ $19.00
9/28/2022ArgusLower TargetBuy$33.00 ➝ $23.00
9/27/2022B. RileyLower TargetBuy$37.00 ➝ $32.00
9/21/2022Credit Suisse GroupLower TargetOutperform$30.00 ➝ $25.00
9/13/2022CitigroupBoost Target$20.00
7/25/2022Morgan StanleyLower TargetEqual Weight$16.00 ➝ $14.50
7/21/2022Credit Suisse GroupLower TargetOutperform$37.00 ➝ $30.00
7/12/2022The Goldman Sachs GroupLower Target$26.00 ➝ $24.00
7/6/2022Morgan StanleyLower TargetEqual Weight$24.00 ➝ $16.00
7/6/2022B. RileyLower TargetBuy$47.00 ➝ $39.00
6/14/2022Clarkson CapitalReiterated RatingBuy
6/14/2022JPMorgan Chase & Co.Lower Target$43.00 ➝ $37.00
5/31/2022The Goldman Sachs GroupLower TargetBuy$36.00 ➝ $27.00
4/25/2022B. RileyBoost TargetBuy$46.00 ➝ $47.00
4/19/2022Credit Suisse GroupBoost Target$34.00 ➝ $37.00
3/28/2022B. RileyBoost TargetBuy$37.00 ➝ $46.00
3/24/2022JPMorgan Chase & Co.Boost TargetOverweight$37.00 ➝ $44.00
3/22/2022The Goldman Sachs GroupBoost TargetBuy$27.00 ➝ $31.00
1/11/2022Wolfe ResearchDowngradeOutperform ➝ Peer Perform$23.00
11/29/2021Morgan StanleyBoost TargetEqual Weight$22.50 ➝ $23.50
11/16/2021Wolfe ResearchInitiated CoverageOutperform$30.00
10/25/2021B. RileyBoost TargetBuy$36.00 ➝ $37.00
10/6/2021The Goldman Sachs GroupUpgradeNeutral ➝ Buy$26.00 ➝ $24.00
8/11/2021Morgan StanleyInitiated CoverageEqual Weight$26.00
7/8/2021ArgusInitiated CoverageBuy$26.00
6/16/2021JPMorgan Chase & Co.Initiated CoverageOverweight$39.00
6/10/2021UBS GroupBoost TargetBuy$22.09 ➝ $28.35
5/17/2021Bank of AmericaInitiated CoverageBuy$25.00
5/4/2021Credit Suisse GroupUpgradeNeutral ➝ Outperform$21.00 ➝ $24.00
4/26/2021B. RileyBoost TargetReduce ➝ Buy$22.00 ➝ $24.00
4/26/2021BNP ParibasReiterated RatingOutperform ➝ Neutral$19.20
4/19/2021Exane BNP ParibasDowngradeOutperform ➝ Neutral
4/19/2021BNP ParibasDowngradeOutperform ➝ Neutral$19.20
4/13/2021B. RileyBoost TargetBuy$21.00 ➝ $22.00
4/9/2021The Goldman Sachs GroupInitiated CoverageNeutral$20.00
3/31/2021B. RileyBoost TargetBuy$20.00 ➝ $21.00
3/8/2021KeyCorpLower TargetOverweight$22.00 ➝ $20.00
1/19/2021KeyCorpBoost TargetOverweight$17.00 ➝ $20.00
1/19/2021BNP ParibasUpgradeNeutral ➝ Outperform$22.30
1/18/2021Exane BNP ParibasUpgradeNeutral ➝ Outperform
1/12/2021B. RileyBoost TargetBuy$16.00 ➝ $20.00
12/22/2020KeyCorpBoost TargetOverweight$14.00 ➝ $17.00
12/10/2020B. RileyBoost TargetBuy$13.00 ➝ $16.00
12/1/2020KeyCorpBoost TargetOverweight$12.00 ➝ $14.00
11/20/2020KeyCorpUpgradeSector Weight ➝ Overweight$12.00
10/26/2020B. RileyBoost TargetBuy$10.00 ➝ $13.00
9/16/2020Credit Suisse GroupBoost TargetNeutral$4.75 ➝ $5.25
4/15/2020Credit Suisse GroupInitiated CoverageNeutral
4/7/2020B. RileyReiterated RatingBuy$10.00
4/1/2020JPMorgan Chase & Co.Lower TargetNeutral$8.00 ➝ $6.00
3/30/2020The Goldman Sachs GroupReiterated RatingNeutral$4.00
3/24/2020B. RileyBoost TargetBuy$10.00 ➝ $11.00
3/4/2020CitigroupLower TargetNeutral$8.00 ➝ $6.00
2/20/2020CfraReiterated RatingStrong-Buy$9.00 ➝ $10.00
1/10/2020CitigroupDowngradeBuy ➝ Neutral
1/9/2020B. RileyLower TargetBuy$12.00 ➝ $11.00
(Data available from 11/21/2019 forward)

News Sentiment Rating

0.61 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 17 very positive mentions
  • 37 positive mentions
  • 11 negative mentions
  • 1 very negative mentions
Mentions as of
4/25/2024
  • 23 very positive mentions
  • 19 positive mentions
  • 4 negative mentions
  • 1 very negative mentions
Mentions as of
5/25/2024
  • 27 very positive mentions
  • 6 positive mentions
  • 4 negative mentions
  • 1 very negative mentions
Mentions as of
6/24/2024
  • 18 very positive mentions
  • 23 positive mentions
  • 5 negative mentions
  • 0 very negative mentions
Mentions as of
7/24/2024
  • 18 very positive mentions
  • 27 positive mentions
  • 3 negative mentions
  • 0 very negative mentions
Mentions as of
8/23/2024
  • 24 very positive mentions
  • 26 positive mentions
  • 7 negative mentions
  • 1 very negative mentions
Mentions as of
9/22/2024
  • 21 very positive mentions
  • 21 positive mentions
  • 2 negative mentions
  • 1 very negative mentions
Mentions as of
10/22/2024
  • 25 very positive mentions
  • 23 positive mentions
  • 9 negative mentions
  • 0 very negative mentions
Mentions as of
11/21/2024

Current Sentiment

  • 25 very positive mentions
  • 23 positive mentions
  • 9 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

Negative

Positive

Very Positive

Cleveland-Cliffs logo
Cleveland-Cliffs is the largest flat-rolled steel company and the largest iron ore pellet producer in North America. The company is vertically integrated from mining through iron making, steelmaking, rolling, finishing and downstream with hot and cold stamping of steel parts and components. The company was formerly known as Cliffs Natural Resources Inc. and changed its name to Cleveland-Cliffs Inc. in August 2017. Cleveland-Cliffs Inc. was founded in 1847 and is headquartered in Cleveland, Ohio.
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Today's Range

Now: $11.88
Low: $11.44
High: $11.94

50 Day Range

MA: $12.62
Low: $11.04
High: $13.94

52 Week Range

Now: $11.88
Low: $10.21
High: $22.97

Volume

5,311,893 shs

Average Volume

10,304,614 shs

Market Capitalization

$5.87 billion

P/E Ratio

N/A

Dividend Yield

N/A

Beta

1.97

Frequently Asked Questions

What sell-side analysts currently cover shares of Cleveland-Cliffs?

The following Wall Street analysts have issued stock ratings on Cleveland-Cliffs in the last year: Argus, B. Riley, Bank of America Co., BNP Paribas, Citigroup Inc., Jefferies Financial Group Inc., JPMorgan Chase & Co., Morgan Stanley, Seaport Res Ptn, StockNews.com, TheStreet, and Wolfe Research.
View the latest analyst ratings for CLF.

What is the current price target for Cleveland-Cliffs?

0 Wall Street analysts have set twelve-month price targets for Cleveland-Cliffs in the last year. Their average twelve-month price target is $17.56, suggesting a possible upside of 50.5%. B. Riley has the highest price target set, predicting CLF will reach $23.00 in the next twelve months. Citigroup Inc. has the lowest price target set, forecasting a price of $12.50 for Cleveland-Cliffs in the next year.
View the latest price targets for CLF.

What is the current consensus analyst rating for Cleveland-Cliffs?

Cleveland-Cliffs currently has 2 sell ratings, 5 hold ratings, 2 buy ratings and 1 strong buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in CLF, but not buy more shares or sell existing shares.
View the latest ratings for CLF.

What other companies compete with Cleveland-Cliffs?

Other companies that are similar to Cleveland-Cliffs include Steel Dynamics, Reliance, Carpenter Technology, United States Steel and ATI. Learn More about companies similar to Cleveland-Cliffs.

How do I contact Cleveland-Cliffs' investor relations team?

Cleveland-Cliffs' physical mailing address is 200 PUBLIC SQUARE SUITE 3300, CLEVELAND OH, 44114. The mining company's listed phone number is 216-694-5700 and its investor relations email address is [email protected]. The official website for Cleveland-Cliffs is www.clevelandcliffs.com. Learn More about contacing Cleveland-Cliffs investor relations.