CLF Stock Forecast: A Comprehensive Review

CLF stock has a market capitalization of $8.5 billion, making it a relatively small-cap stock in the steel industry.

The company has a strong presence in the North American steel market, with a production capacity of 2.8 million tons per year.

CLF stock has been trading at a relatively low multiple of 7.5 times earnings, which is lower than the industry average.

This could make it an attractive option for value investors looking for a potential turnaround story.

Cleveland-Cliffs's revenue took a hit in 2023, decreasing by 4.32% to $22.00 billion. This decline is a stark contrast to the previous year's revenue of $22.99 billion.

The company's earnings also suffered, plummeting by 70.11% to $399.00 million. It's clear that Cleveland-Cliffs faced significant financial challenges in 2023.

The current share price of Cleveland-Cliffs is a respectable $10.24. However, it's worth noting that the stock has seen its fair share of volatility in the past year.

Over the past 52 weeks, the stock price has ranged from a high of $22.97 to a low of $8.99. This significant price fluctuation highlights the stock's volatility.

Here's a summary of Cleveland-Cliffs's stock performance over the past year:

The stock's beta of 1.96 indicates that it's a relatively volatile investment. This means that the stock price may be more sensitive to market fluctuations.

Analysts have varying opinions on CLF stock, with some recommending a "Hold" rating, while others think it's a good idea to "Buy".

The average analyst rating for CLF stock from 12 stock analysts is "Hold", indicating that analysts believe this stock will perform similarly to the overall market.

Analysts are optimistic about CLF stock, with 12 analysts giving it an average rating of "Buy".

The 12-month stock price forecast for CLF stock is $16.78, which represents an increase of 63.87% from the latest price.

Some analysts have upgraded their ratings for CLF stock, with Seaport Research Partners' Martin Englert maintaining a "Strong Buy" rating since January 21, 2025.

Here's a list of recent analyst upgrades and downgrades:

Some analysts have maintained their "Hold" rating, including KeyBanc Capital Markets' Philip Gibbs since August 28, 2024.

CLF stock, also known as Cleveland-Cliffs Inc., is a leading iron ore mining company in the United States.

The company has a rich history dating back to 1847, when it was founded as the Cleveland Iron Mining Company.

CLF stock is listed on the New York Stock Exchange (NYSE) under the ticker symbol CLF.

Our company has been in operation for over 20 years, a testament to our commitment to quality and customer satisfaction.

We've built a reputation for being a reliable partner, with a strong presence in the industry that spans multiple countries.

Our mission is to provide innovative solutions that meet the evolving needs of our clients, as evident in our cutting-edge technology and expert team.

We've invested heavily in research and development, resulting in a range of products and services that have revolutionized the way businesses operate.

From our humble beginnings to our current status as a leading player, we've remained true to our core values of integrity, innovation, and customer-centricity.

We pride ourselves on our ability to adapt to changing market conditions, ensuring that our clients receive the best possible service.

Our team of experts is comprised of highly skilled professionals who are dedicated to delivering exceptional results.

We're proud to have established long-term relationships with our clients, who value our commitment to quality and customer satisfaction.

A company is a separate legal entity from its owners and employees. It's a business organization that can operate independently.

A company can be formed for various purposes, such as to manufacture goods, provide services, or engage in other economic activities. It can be a small startup or a large multinational corporation.

A company's existence is typically marked by its registration with the relevant authorities, such as the government or a business registry. This registration process usually involves providing detailed information about the company's structure, ownership, and purpose.

Companies can be owned by individuals, organizations, or a combination of both. They can also be publicly traded, meaning anyone can buy and sell shares of the company.

Cleveland-Cliffs Inc. shares are trading lower on Tuesday following weak third-quarter results reported on Tuesday.

Smaller commodity producers have a tough time staying profitable during downturns.

Cleveland-Cliffs Inc. reported a Q3 shortfall linked to automotive adjustments.

Cleveland-Cliffs' Q3 results were likely impacted by the challenges faced by the automotive industry.

Analysts are now awaiting insights from the Stelco integration to see how it will affect Cleveland-Cliffs' future performance.

The market trends for CLF stock are looking strong, with a significant increase in demand for steel products expected in the coming years.

The global steel market is projected to grow at a CAGR of 5.5% from 2023 to 2028, driven by increasing demand from the construction and automotive industries.

This growth is expected to be driven by emerging markets such as China and India, where infrastructure development and urbanization are on the rise.

CLF stock has already shown a significant increase in value over the past year, with a 20% rise in share price.

The company's focus on sustainability and reducing its carbon footprint is also likely to be a major driver of growth in the coming years.

Steel production is expected to increase by 3.5% in 2023, driven by growing demand for steel products.

CLF stock is well-positioned to capitalize on this growth, with a strong balance sheet and a proven track record of delivering results.

For Cleveland-Cliffs, revenue growth has been significant, with a 281.85% increase from FY 2020 to FY 2021.

The company's revenue is expected to fluctuate in the coming years, with a forecasted high of $24.9 billion in FY 2026.

Here's a breakdown of the company's revenue forecast for the next few years:

Cleveland-Cliffs's revenue in 2023 was $22.00 billion, a decrease of -4.32% compared to the previous year's $22.99 billion.

The company's earnings were $399.00 million, a decrease of -70.11% in 2023.

Here are the financial performance highlights for Cleveland-Cliffs in 2023:

Cleveland-Cliffs's current share price is $10.24, with a 52-week high of $22.97 and a 52-week low of $8.99.

Delayed NYSE Data can be a challenge for investors, but understanding how it works can help you make informed decisions. The NYSE data is updated at 04:00 PM ET, and after-market prices can fluctuate significantly, as seen in the example of a stock trading at $9.69 with a -0.05 (-0.51%) change at 7:48 PM ET.

The Zacks Rank system is designed to help investors identify stocks with a high probability of success over the next 1 to 3 months. With a Strong Buy or Buy rating, stocks have a high potential for growth, with annualized returns of 24.30% and 18.13%, respectively.

The Zacks Rank is based on three trading styles: Value, Growth, and Momentum. Each style has its own score, with A being the highest and F being the lowest. In the example, the stock has a Value Score of A, a Growth Score of A, a Momentum Score of A, and a VGM Score of A.

To invest wisely, it's essential to understand the Zacks Industry Rank, which assigns a rating to each of the 265 X Industries based on their average Zacks Rank. An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

Here's a summary of the Zacks Rank and its corresponding annualized returns:

By understanding the Zacks Rank and its various components, you can make more informed investment decisions and potentially achieve better returns.