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NYSE: CLF
CLEVELAND-CLIFFS INC Stock Forecast, Predictions & Price Target

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OverviewForecast
EarningsDividendOwnership

Analyst price target for CLF

Based on 6 analysts offering 12 month price targets for CLEVELAND-CLIFFS INC.
Min Forecast
$23.00+39.56%
Avg Forecast
$30.08+82.54%
Max Forecast
$47.00+185.19%

Should I buy or sell CLF stock?

Based on 6 analysts offering ratings for CLEVELAND-CLIFFS INC.
Strong Buy
Strong Buy
4 analysts 66.67%
Buy
0 analysts 0%
Hold
2 analysts 33.33%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

CLF stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
JP Morgan
Bottom 11%
11
Strong BuyMaintains$37.00+124.51%2022-06-14
Anonymous
Goldman Sachs
Strong BuyMaintains$27.00+63.83%2022-05-31
B. Riley Securities
Bottom 21%
21
Strong BuyMaintains$47.00+185.19%2022-04-25
Wolfe Research
Top 23%
78
HoldDowngrades$23.00+39.56%2022-01-11
Morgan Stanley
Top 2%
99
HoldMaintains$23.50+42.60%2021-11-29
Goldman Sachs
Top 10%
91
Strong BuyUpgrades$24.00+45.63%2021-10-06
Argus Research
Bottom 19%
19
Strong BuyInitiates Coverage On$26.00+57.77%2021-07-08

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Forecast return on equity

Is CLF forecast to generate an efficient return?
Company
25.16%
Industry
21.22%
Market
39.08%
CLF's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is CLF forecast to generate an efficient return on assets?
Company
8.07%
Industry
9.48%
CLF is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

CLF earnings per share forecast

What is CLF's earnings per share in the next 3 years based on estimates from 3 analysts?
Avg 1 year Forecast
$5.46-23.74%
Avg 2 year Forecast
$4.33-39.53%
Avg 3 year Forecast
$3.04-57.54%
CLF's earnings are forecast to... subscribe to Premium to read more.
Forecast High Earnings Growth Forecast

CLF revenue forecast

What is CLF's revenue in the next 3 years based on estimates from 4 analysts?
Avg 1 year Forecast
$23.9B+7.13%
Avg 2 year Forecast
$20.2B-9.68%
Avg 3 year Forecast
$17.5B-21.9%
CLF's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

CLF earnings growth forecast

How is CLF forecast to perform vs Steel companies and vs the US market?
Company
-22.68%
Industry
-21.8%
Market
16.07%
CLF's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
CLF's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
CLF's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

CLF revenue growth forecast

How is CLF forecast to perform vs Steel companies and vs the US market?
Company
-4.19%
Industry
-4.13%
Market
8.42%
CLF's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
CLF's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

CLF vs Steel Stocks

TickerPricePrice TargetUp/downsideConsensus
CLF$16.48$30.08+82.54%Strong Buy
GGB$4.40N/AN/ABuy
RS$172.79$195.14+12.94%Strong Buy
X$19.84$28.43+43.29%Hold
SIM$31.00N/AN/A
View Top Steel Stocks

CLEVELAND-CLIFFS Stock Forecast FAQ

Is CLEVELAND-CLIFFS Stock a good buy in 2022, according to Wall Street analysts?

The consensus among 6 Wall Street analysts covering (NYSE: CLF) stock is to Strong Buy CLF stock.

Out of 6 analysts, 4 (66.67%) are recommending CLF as a Strong Buy, 0 (0%) are recommending CLF as a Buy, 2 (33.33%) are recommending CLF as a Hold, 0 (0%) are recommending CLF as a Sell, and 0 (0%) are recommending CLF as a Strong Sell.

What is CLF's earnings growth forecast for 2022-2024?

(NYSE: CLF) CLEVELAND-CLIFFS's forecast annual earnings growth rate of -22.68% is not forecast to beat the US Steel industry's average forecast earnings growth rate of -21.8%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 16.07%.

CLEVELAND-CLIFFS's earnings in 2022 is $3,748,000,000.On average, 3 Wall Street analysts forecast CLF's earnings for 2022 to be $2,865,065,079, with the lowest CLF earnings forecast at $2,597,449,110, and the highest CLF earnings forecast at $3,048,723,097. On average, 3 Wall Street analysts forecast CLF's earnings for 2023 to be $2,272,112,050, with the lowest CLF earnings forecast at $2,004,496,081, and the highest CLF earnings forecast at $2,555,470,135.

In 2024, CLF is forecast to generate $1,595,201,070 in earnings, with the lowest earnings forecast at $1,437,779,912 and the highest earnings forecast at $1,752,622,228.

What is CLF's revenue growth forecast for 2022-2024?

(NYSE: CLF) CLEVELAND-CLIFFS's forecast annual revenue growth rate of -4.19% is not forecast to beat the US Steel industry's average forecast revenue growth rate of -4.13%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 8.42%.

CLEVELAND-CLIFFS's revenue in 2022 is $22,350,000,000.On average, 4 Wall Street analysts forecast CLF's revenue for 2022 to be $12,564,051,301,385, with the lowest CLF revenue forecast at $12,237,868,364,749, and the highest CLF revenue forecast at $12,891,706,650,588. On average, 3 Wall Street analysts forecast CLF's revenue for 2023 to be $10,593,058,640,668, with the lowest CLF revenue forecast at $9,817,093,020,296, and the highest CLF revenue forecast at $11,166,664,609,545.

In 2024, CLF is forecast to generate $9,159,059,460,591 in revenue, with the lowest revenue forecast at $8,411,080,698,461 and the highest revenue forecast at $9,907,038,222,720.

What is CLF's forecast return on assets (ROA) for 2022-2024?

(NYSE: CLF) forecast ROA is 8.07%, which is lower than the forecast US Steel industry average of 9.48%.

What is CLF's Price Target?

According to 6 Wall Street analysts that have issued a 1 year CLF price target, the average CLF price target is $30.08, with the highest CLF stock price forecast at $47.00 and the lowest CLF stock price forecast at $23.00.

On average, Wall Street analysts predict that CLEVELAND-CLIFFS's share price could reach $30.08 by Jun 14, 2023. The average CLEVELAND-CLIFFS stock price prediction forecasts a potential upside of 82.54% from the current CLF share price of $16.48.

What is CLF's Earnings Per Share (EPS) forecast for 2022-2024?

(NYSE: CLF) CLEVELAND-CLIFFS's current Earnings Per Share (EPS) is $7.16. On average, analysts forecast that CLF's EPS will be $5.46 for 2022, with the lowest EPS forecast at $4.95, and the highest EPS forecast at $5.81. On average, analysts forecast that CLF's EPS will be $4.33 for 2023, with the lowest EPS forecast at $3.82, and the highest EPS forecast at $4.87. In 2024, CLF's EPS is forecast to hit $3.04 (min: $2.74, max: $3.34).

What is CLF's forecast return on equity (ROE) for 2022-2024?

(NYSE: CLF) forecast ROE is 25.16%, which is considered strong.
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