NYSE:CLF - Cleveland-Cliffs Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $24.94
  • Forecasted Upside: 23.06 %
  • Number of Analysts: 9
  • Breakdown:
  • 0 Sell Ratings
  • 3 Hold Ratings
  • 6 Buy Ratings
  • 0 Strong Buy Ratings
$20.27
▼ -0.92 (-4.34%)
1 month | 3 months | 12 months
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Analyst Price Target for CLF

Average Price Target: $24.94
▲ +23.06% Upside Potential
This price target is based on 9 analysts offering 12 month price targets for Cleveland-Cliffs in the last 3 months. The average price target is $24.94, with a high forecast of $39.00 and a low forecast of $19.20. The average price target represents a 23.06% upside from the last price of $20.27.

Buy

The current consensus among 9 polled investment analysts is to buy stock in Cleveland-Cliffs. This rating has held steady since September 2019, when it changed from a Hold consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

  • 0 strong buy ratings
  • 5 buy ratings
  • 4 hold ratings
  • 0 sell ratings
12/27/2019
  • 1 strong buy ratings
  • 5 buy ratings
  • 3 hold ratings
  • 0 sell ratings
3/26/2020
  • 1 strong buy ratings
  • 4 buy ratings
  • 4 hold ratings
  • 0 sell ratings
6/24/2020
  • 1 strong buy ratings
  • 4 buy ratings
  • 3 hold ratings
  • 0 sell ratings
9/22/2020
  • 1 strong buy ratings
  • 4 buy ratings
  • 2 hold ratings
  • 0 sell ratings
12/21/2020
  • 0 strong buy ratings
  • 4 buy ratings
  • 3 hold ratings
  • 0 sell ratings
3/21/2021
  • 0 strong buy ratings
  • 4 buy ratings
  • 3 hold ratings
  • 0 sell ratings
5/20/2021
  • 0 strong buy ratings
  • 6 buy ratings
  • 3 hold ratings
  • 0 sell ratings
6/19/2021

Latest Recommendations

  • 0 strong buy ratings
  • 6 buy ratings
  • 3 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
6/16/2021JPMorgan Chase & Co.Initiated CoverageOverweight$39.00Low
6/10/2021UBS GroupBoost Price TargetBuy$22.09 ➝ $28.35High
5/17/2021Bank of AmericaInitiated CoverageBuy$25.00High
5/4/2021Credit Suisse GroupUpgradeNeutral ➝ Outperform$21.00 ➝ $24.00High
4/26/2021B. RileyBoost Price TargetReduce ➝ Buy$22.00 ➝ $24.00High
4/26/2021BNP ParibasReiterated RatingOutperform ➝ Neutral$19.20High
4/19/2021Exane BNP ParibasDowngradeOutperform ➝ NeutralLow
4/19/2021BNP ParibasDowngradeOutperform ➝ Neutral$19.20High
4/13/2021B. RileyBoost Price TargetBuy$21.00 ➝ $22.00Low
4/9/2021The Goldman Sachs GroupInitiated CoverageNeutral$20.00Low
3/31/2021B. RileyBoost Price TargetBuy$20.00 ➝ $21.00High
3/8/2021KeyCorpLower Price TargetOverweight$22.00 ➝ $20.00Medium
1/19/2021KeyCorpBoost Price TargetOverweight$17.00 ➝ $20.00Low
1/19/2021BNP ParibasUpgradeNeutral ➝ Outperform$22.30Low
1/18/2021Exane BNP ParibasUpgradeNeutral ➝ OutperformN/A
1/12/2021B. RileyBoost Price TargetBuy$16.00 ➝ $20.00Low
12/22/2020KeyCorpBoost Price TargetOverweight$14.00 ➝ $17.00Medium
12/10/2020B. RileyBoost Price TargetBuy$13.00 ➝ $16.00High
12/1/2020KeyCorpBoost Price TargetOverweight$12.00 ➝ $14.00High
11/20/2020KeyCorpUpgradeSector Weight ➝ Overweight$12.00Low
10/26/2020B. RileyBoost Price TargetBuy$10.00 ➝ $13.00Low
9/16/2020Credit Suisse GroupBoost Price TargetNeutral$4.75 ➝ $5.25Low
4/15/2020Credit Suisse GroupInitiated CoverageNeutralHigh
4/7/2020B. RileyReiterated RatingBuy$10.00High
4/1/2020JPMorgan Chase & Co.Lower Price TargetNeutral$8.00 ➝ $6.00Low
3/30/2020The Goldman Sachs GroupReiterated RatingNeutral$4.00Low
3/24/2020B. RileyBoost Price TargetBuy$10.00 ➝ $11.00High
3/4/2020CitigroupLower Price TargetNeutral$8.00 ➝ $6.00Low
2/20/2020CfraReiterated RatingStrong-Buy$9.00 ➝ $10.00Medium
1/10/2020CitigroupDowngradeBuy ➝ NeutralHigh
1/9/2020B. RileyLower Price TargetBuy$12.00 ➝ $11.00Medium
11/14/2019Exane BNP ParibasInitiated CoverageNeutralLow
10/16/2019Jefferies Financial GroupLower Price Target$15.00 ➝ $12.00High
10/1/2019B. RileyLower Price TargetBuy$16.00 ➝ $13.00Medium
9/24/2019MacquarieSet Price TargetBuy$10.00High
9/23/2019JPMorgan Chase & Co.DowngradeOverweight ➝ Neutral$14.00 ➝ $8.00Medium
9/11/2019Credit Suisse GroupLower Price TargetOutperform$14.00 ➝ $12.00High
9/4/2019CitigroupLower Price TargetBuy$10.00 ➝ $8.00High
8/22/2019CowenSet Price TargetHold$10.00High
4/26/2019Credit Suisse GroupUpgradeNeutral ➝ Outperform$13.00 ➝ $14.00Low
4/25/2019B. RileyBoost Price TargetBuy$14.00 ➝ $15.00High
4/23/2019Jefferies Financial GroupSet Price TargetBuy$14.00Low
3/5/2019Morgan StanleySet Price TargetHold$12.00High
2/11/2019JPMorgan Chase & Co.Boost Price TargetAverage ➝ Overweight$17.00Medium
2/8/2019Jefferies Financial GroupBoost Price TargetBuy$11.50 ➝ $13.75Low
2/8/2019CitigroupBoost Price TargetBuy$13.00High
2/7/2019CowenReiterated RatingMarket Perform ➝ Market Perform$8.50 ➝ $11.00Medium
1/8/2019CowenInitiated CoverageMarket Perform ➝ Market Perform$8.50Medium
12/13/2018B. RileySet Price TargetBuy$14.00Medium
12/3/2018CitigroupLower Price TargetBuy ➝ Buy$15.00 ➝ $13.00Low
10/23/2018Vertical ResearchSet Price TargetSell$5.00High
10/23/2018Morgan StanleySet Price TargetHold$11.00Low
10/15/2018Credit Suisse GroupReiterated RatingOutperform ➝ Neutral$13.00Low
10/5/2018CitigroupBoost Price TargetBuy ➝ Buy$12.00 ➝ $15.00Medium
9/26/2018B. RileySet Price TargetBuy$13.00 ➝ $15.00High
9/7/2018Jefferies Financial GroupUpgradeBuy$13.00High
7/27/2018Morgan StanleyBoost Price TargetEqual Weight ➝ Equal Weight$8.00 ➝ $10.00N/A
7/23/2018Seaport Global SecuritiesSet Price TargetBuy$13.00High
7/23/2018CitigroupBoost Price TargetBuy ➝ $10.88$11.00 ➝ $12.00High
7/23/2018B. RileyBoost Price TargetBuy ➝ $10.88$12.00 ➝ $13.00High
7/23/2018JPMorgan Chase & Co.UpgradeNeutral ➝ OverweightHigh
6/29/2018Morgan StanleyBoost Price TargetEqual Weight ➝ Equal Weight$7.50 ➝ $8.00Low
6/26/2018MacquarieInitiated CoverageOutperformMedium
6/6/2018CitigroupInitiated CoverageBuy$11.00Low
5/9/2018Seaport Global SecuritiesInitiated CoverageBuy$10.00High
4/24/2018Morgan StanleyBoost Price TargetEqual Weight ➝ Equal Weight$7.00 ➝ $7.50Low
4/23/2018Clarkson CapitalUpgradeNeutral ➝ Buy$7.00 ➝ $11.00High
4/20/2018Jefferies Financial GroupReiterated RatingBuy$9.50Low
3/20/2018The Goldman Sachs GroupInitiated CoverageNeutral ➝ Neutral$8.00Medium
3/14/2018Vertical ResearchDowngradeHold ➝ SellLow
3/2/2018B. RileyReiterated RatingBuy ➝ Buy$11.00 ➝ $12.00Medium
2/23/2018Vertical ResearchUpgradeSell ➝ HoldMedium
2/7/2018Credit Suisse GroupUpgradeUnderperform ➝ OutperformMedium
1/26/2018B. RileyReiterated RatingBuy$11.00Low
1/26/2018CowenReiterated RatingMarket Perform ➝ Market Perform$7.00 ➝ $9.00Medium
1/19/2018Vertical ResearchInitiated CoverageSellMedium
1/5/2018B. RileyReiterated RatingBuy ➝ Buy$10.00 ➝ $11.00Low
12/21/2017B. RileyReiterated RatingBuy$10.00Low
11/24/2017KeyCorpReiterated RatingHoldN/A
11/17/2017B. RileySet Price TargetBuy$10.00N/A
11/1/2017B. RileyReiterated RatingBuyN/A
10/23/2017JPMorgan Chase & Co.DowngradeOverweight ➝ Neutral$6.90 ➝ $10.00N/A
10/20/2017(FBRC)Reiterated RatingBuy$10.00N/A
10/17/2017CowenSet Price TargetHold$7.00N/A
10/2/2017(FBRC)Set Price TargetBuy$10.00Low
9/19/2017KeyCorpReiterated RatingHoldLow
9/18/2017Jefferies Financial GroupReiterated RatingBuyLow
9/6/2017(FBRC)Reiterated RatingBuy$10.00Low
8/3/2017CowenReiterated RatingNeutral ➝ HoldMedium
7/31/2017Axiom SecuritiesReiterated RatingSellHigh
7/27/2017Clarkson CapitalReiterated RatingNeutralMedium
7/25/2017Axiom SecuritiesReiterated RatingSellHigh
7/13/2017Axiom SecuritiesReiterated RatingSellMedium
7/7/2017Jefferies Financial GroupInitiated CoverageBuy ➝ Buy$9.00Medium
6/28/2017CowenReiterated RatingMarket Perform$7.00Medium
6/17/2017(FBRC)Set Price TargetBuy$10.00Medium
4/28/2017(FBRC)UpgradeMarket Perform ➝ Outperform$11.00 ➝ $10.00Medium
3/27/2017JPMorgan Chase & Co.Boost Price TargetOverweight$12.00 ➝ $13.00High
3/16/2017Axiom SecuritiesReiterated RatingSellLow
2/16/2017(FBRC)Reiterated RatingMarket Perform$10.00 ➝ $11.00N/A
2/10/2017Axiom SecuritiesReiterated RatingSellN/A
2/10/2017(FBRC)Boost Price Target$11.00N/A
2/6/2017(FBRC)Reiterated RatingMarket Perform$10.00N/A
1/31/2017Axiom SecuritiesReiterated RatingSellN/A
1/13/2017Credit Suisse GroupReiterated RatingUnderperform$6.00N/A
12/27/2016Axiom SecuritiesReiterated RatingSellN/A
11/30/2016JPMorgan Chase & Co.Boost Price TargetOverweight$7.00 ➝ $10.00N/A
11/26/2016Axiom SecuritiesReiterated RatingSellN/A
11/3/2016(FBRC)Reiterated RatingHoldN/A
10/13/2016(FBRC)Set Price TargetHold$8.00 ➝ $6.00N/A
10/8/2016Credit Suisse GroupSet Price TargetSell$2.00N/A
10/7/2016Credit Suisse GroupReiterated RatingUnderperform$5.58 ➝ $2.00N/A
9/28/2016Morgan StanleyReiterated RatingSell$3.00N/A
8/30/2016Axiom SecuritiesReiterated RatingSellN/A
8/29/2016MacquarieLower Price TargetOutperform$11.00 ➝ $10.00N/A
8/16/2016Morgan StanleyReiterated RatingSell$2.00N/A
8/3/2016CowenBoost Price TargetMarket Perform$6.00 ➝ $9.00N/A
7/29/2016JPMorgan Chase & Co.Lower Price TargetOverweight$10.50 ➝ $10.00N/A
7/26/2016(FBRC)Boost Price TargetMarket Perform$4.00 ➝ $7.00N/A
7/18/2016Clarkson CapitalUpgradeSell ➝ NeutralN/A
7/12/2016JPMorgan Chase & Co.Reiterated RatingBuy$7.00 ➝ $10.50N/A
(Data available from 6/20/2016 forward)
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: $20.27
Low: $19.91
High: $21.72

50 Day Range

MA: $19.62
Low: $16.60
High: $24.44

52 Week Range

Now: $20.27
Low: $4.92
High: $24.77

Volume

44,803,433 shs

Average Volume

23,267,021 shs

Market Capitalization

$10.12 billion

P/E Ratio

N/A

Dividend Yield

N/A

Beta

2.29

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: B. Riley, Bank of America Co., BNP Paribas, Credit Suisse Group AG, Exane BNP Paribas, JPMorgan Chase & Co., KeyCorp, The Goldman Sachs Group, Inc., UBS Group AG, and Zacks Investment Research.
View the latest analyst ratings for CLF.

What is the current price target for Cleveland-Cliffs?

8 Wall Street analysts have set twelve-month price targets for Cleveland-Cliffs in the last year. Their average twelve-month price target is $24.94, suggesting a possible upside of 23.1%. JPMorgan Chase & Co. has the highest price target set, predicting CLF will reach $39.00 in the next twelve months. BNP Paribas has the lowest price target set, forecasting a price of $19.20 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 3 hold ratings and 6 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe CLF will outperform the market and that investors should add to their positions of Cleveland-Cliffs.
View the latest ratings for CLF.

What other companies compete with 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.