Overview
Cleveland-Cliffs Inc., based in the United States, operates primarily within the iron and steel industry. The company, having roots dating back to 1847 in the mining of iron ore, has evolved to become North America's largest flat-rolled steel producer and a prominent supplier of iron ore pellets following strategic expansions and acquisitions, notably its acquisitions of AK Steel and ArcelorMittal USA in 2020. Cleveland-Cliffs' projects and operations focus on serving the automotive, manufacturing, and infrastructure sectors, which include integrated steel mills and downstream finishing facilities. Their business model integrates raw material extraction through to finished steel production, leveraging technology and innovation in materials science to optimize the manufacturing and distribution processes. This comprehensive setup enables Cleveland-Cliffs to maintain a pivotal role in North America's heavy industry and manufacturing sectors.
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Basic Stats
The Factor Analysis chart (below right) shows a view of Cleveland-Cliffs Inc. from a variety of lenses. Each factor shows how well the company ranks against all other companies in the Fintel global investing universe. Factor scores range from zero to 100, with 100 being most desirable, and 50 being average.
For example, a company with a Value Score of 100 would be the most undervalued company in our database. A company with a Value Score of zero would be the most overvalued.
| Market Cap | |
| EV | |
| Shares Out. | 477.52 MM |
| Earnings Date | |
| EPS (TTM) | -0.26 |
| Dividend Yield | |
| Ex-Dividend Date | 2020-04-02 |
| Borrow Rate | |
| Short Shares Avail. | 0.01 MM |
| Short Interest | |
| Short Float | |
| Days to Cover | |
| Risk Free Rate | 4.17 % |
| Price Change (1 yr) | |
| Volatility (1 yr) | |
| Beta | |
| Sharpe Ratio (1 yr) | |
| Sortino Ratio (1 yr) |
| PE Ratio | |
| Price/Book | |
| Price/TBV | |
| Book/Market | |
| EBIT/EV | |
| EBIT(3yr avg)/EV | |
| ROA | |
| ROE | -0.34 |
| ROIC | |
| CROIC | |
| OCROIC | |
| Implied Volatility | |
| Put/Call OI Ratio |
| Growth | |
| Profitability | |
| Quality Score | |
| Value Score | |
| Momentum Score | |
| Stability (Low Vol) Score | |
| Analyst Sentiment | |
| Fund Sentiment | |
| Insider Sentiment | |
| Officer Sentiment | |
| Dividend Score | |
| QVM Score | |
| Piotroski F-SCORE | 1.00 /9 |
Factor Scores range from 0 to 100, with 100 being most desirable. Larger circles are better. In situations where we have no data (e.g. no insider trades), we plot the score at 50 to avoid penalizing companies. However, a company that does not pay dividends will get a Dividend Score of Zero. Additionally, we inverted volatility to create a "stability" metric which is better when higher.
Price Target
The average one-year price target for Cleveland-Cliffs Inc. is MX$200.80. The forecasts range from a low of MX$75.13 to a high of MX$279.67. A stock’s price target is the price at which analysts consider it fairly valued with respect to its projected earnings and historical earnings. Analysts typically set price targets that correspond to their buy or sell recommendations.
Update Frequency: Monthly
Stock Upgrades/Downgrades
This card shows analyst upgrades/downgrades for Cleveland-Cliffs Inc.. An analyst rating is a classification that gives investors a sense of analyst sentiment about the direction and performance of an equity - usually a stock - over a period of time, typically 12 months.
The standard analyst ratings are generally as follows:
- Buy/Overweight/Outperform - Any of these ratings conveys an analyst’s belief that the stock is likely to outperform a market index (e.g. the S&P 500).
- Hold/Equal-Weight/Market Perform - Any of these ratings conveys an analyst’s belief that the stock is likely to perform in line with a market index.
- Sell/Underweight/Underperform - Any of these ratings suggest that an analyst believes the stock is likely to underperform a market index.
When an analyst upgrades a stock, they are signaling that the company’s fundamentals are being undervalued by investors. It could also mean they believe the market is underestimating the company’s potential. The opposite is true when a stock receives a downgrade.
The average rating of each individual analyst’s rating is the consensus rating for a stock. This gives investors a broader sense of the overall sentiment for that stock.
| Date | Analyst | Prior | Latest Recommendation |
Action |
|---|---|---|---|---|
| 2024-12-19 | Citigroup | Neutral | Neutral | Maintains |
| 2025-03-04 | Goldman Sachs | Buy | Buy | Maintains |
| 2022-07-21 | Credit Suisse | Outperform | Maintains | |
| 2022-07-06 | B. Riley Securities | Buy | Maintains | |
| 2022-07-06 | Morgan Stanley | Equal-Weight | Maintains | |
| 2022-06-14 | JP Morgan | Overweight | Maintains | |
| 2022-05-31 | Goldman Sachs | Buy | Maintains | |
| 2022-05-11 | Morgan Stanley | Equal-Weight | Maintains | |
| 2022-04-25 | B. Riley Securities | Buy | Maintains | |
| 2022-03-28 | B. Riley Securities | Buy | Maintains | |
| 2015-04-13 | Citigroup | Sell | Maintains | |
| 2015-04-09 | BMO Capital | Market Perform | Underperform | Downgrade |
| 2015-04-06 | Deutsche Bank | Hold | Maintains | |
| 2015-03-09 | Axiom Capital | Neutral | Sell | Downgrade |
| 2015-02-06 | Deutsche Bank | Hold | Maintains | |
| 2015-01-12 | JP Morgan | Neutral | Maintains | |
| 2015-01-12 | Deutsche Bank | Hold | Maintains | |
| 2014-12-17 | Credit Suisse | Underperform | Maintains | |
| 2014-11-20 | Deutsche Bank | Buy | Hold | Downgrade |
| 2014-11-11 | Citigroup | Sell | Maintains | |
| 2014-10-29 | Brean Capital | Hold | Sell | Downgrade |
| 2014-10-20 | Citigroup | Sell | Maintains | |
| 2014-10-17 | FBR Capital | Market Perform | Maintains | |
| 2014-10-15 | Axiom Capital | Sell | Hold | Upgrade |
| 2014-10-13 | JP Morgan | Overweight | Neutral | Downgrade |
| 2014-07-31 | Bernstein | Underperform | Market Perform | Upgrade |
| 2014-07-30 | Clarksons Platou | Market Perform | Underperform | Downgrade |
| 2014-07-28 | Macquarie | Underperform | Neutral | Upgrade |
| 2014-07-25 | JP Morgan | Overweight | Maintains | |
| 2014-07-25 | Nomura | Buy | Maintains | |
| 2014-07-21 | JP Morgan | Overweight | Maintains | |
| 2014-07-14 | Citigroup | Neutral | Maintains | |
| 2014-06-13 | Deutsche Bank | Buy | Maintains | |
| 2014-05-16 | UBS | Neutral | Maintains | |
| 2014-05-16 | Macquarie | Neutral | Underperform | Downgrade |
| 2014-05-08 | Bernstein | Market Perform | Underperform | Downgrade |
| 2014-04-28 | Nomura | Buy | Maintains | |
| 2014-04-28 | Citigroup | Hold | Maintains | |
| 2014-04-16 | JP Morgan | Overweight | Maintains | |
| 2014-03-26 | UBS | Neutral | Maintains | |
| 2014-03-20 | Bank of America | Underperform | Maintains | |
| 2014-03-10 | Axiom Capital | Sell | Initiate | |
| 2014-03-04 | Wells Fargo | Market Perform | Underperform | Downgrade |
| 2014-02-20 | Morgan Stanley | Underweight | Maintains | |
| 2014-01-23 | Morgan Stanley | Underweight | Maintains | |
| 2014-01-14 | Deutsche Bank | Hold | Buy | Upgrade |
| 2014-01-13 | Brean Capital | Hold | Initiate | |
| 2013-12-18 | Clarksons Platou | Market Perform | Initiate | |
| 2013-12-12 | Bernstein | Market Perform | Initiate | |
| 2013-11-18 | Citigroup | Neutral | Maintains | |
| 2013-10-17 | Cowen & Co. | Underperform | Market Perform | Upgrade |
| 2013-10-16 | Wells Fargo | Market Perform | Initiate | |
| 2013-09-12 | FBR Capital | Outperform | Market Perform | Downgrade |
| 2013-09-04 | Wellington Shields | Buy | Initiate | |
| 2013-08-20 | BB&T Capital | Buy | Hold | Downgrade |
| 2013-07-17 | JP Morgan | Overweight | Maintains | |
| 2013-07-10 | BB&T Capital | Hold | Buy | Upgrade |
| 2013-07-10 | Cowen & Co. | Underperform | Initiate | |
| 2013-06-28 | Deutsche Bank | Hold | Maintains | |
| 2013-06-19 | Bank of America | Neutral | Underperform | Downgrade |
| 2013-05-06 | FBR Capital | Market Perform | Outperform | Upgrade |
| 2013-04-26 | Nomura | Buy | Maintains | |
| 2013-03-27 | Credit Suisse | Underperform | Maintains | |
| 2013-03-27 | Goldman Sachs | Sell | Neutral | Upgrade |
| 2013-03-27 | Morgan Stanley | Equal-Weight | Underweight | Downgrade |
| 2013-03-18 | Bank of America | Neutral | Maintains | |
| 2013-03-05 | BMO Capital | Outperform | Market Perform | Downgrade |
| 2013-02-19 | JP Morgan | Neutral | Overweight | Upgrade |
| 2013-02-19 | Citigroup | Neutral | Maintains | |
| 2013-02-14 | CRT Capital | Buy | Fair Value | Downgrade |
| 2013-02-13 | Deutsche Bank | Buy | Hold | Downgrade |
| 2013-02-13 | Citigroup | Buy | Neutral | Downgrade |
| 2013-01-15 | Deutsche Bank | Hold | Buy | Upgrade |
| 2013-01-15 | Dahlman Rose | Hold | Sell | Downgrade |
| 2012-12-18 | Bank of America | Neutral | Maintains | |
| 2012-12-05 | RBC Capital | Outperform | Sector Perform | Downgrade |
| 2012-12-04 | Davenport | Buy | Neutral | Downgrade |
| 2024-06-26 | B of A Securities | Neutral | Neutral | Maintains |
| 2024-06-25 | B. Riley Securities | Buy | Buy | Maintains |
| 2024-06-14 | GLJ Research | Sell | Sell | Reiterate |
| 2024-06-11 | Seaport Global | Neutral | Initiate | |
| 2024-06-11 | JP Morgan | Overweight | Neutral | Downgrade |
| 2024-06-06 | GLJ Research | Buy | Sell | Downgrade |
| 2024-05-20 | Jefferies | Buy | Initiate | |
| 2024-04-30 | Morgan Stanley | Equal-Weight | Equal-Weight | Maintains |
| 2024-04-30 | B. Riley Securities | Buy | Buy | Maintains |
| 2024-04-24 | JP Morgan | Overweight | Overweight | Maintains |
| 2024-04-09 | Wolfe Research | Peer Perform | Underperform | Downgrade |
| 2024-03-28 | GLJ Research | Sell | Buy | Upgrade |
| 2024-03-26 | Morgan Stanley | Equal-Weight | Equal-Weight | Maintains |
| 2024-03-13 | Citigroup | Buy | Neutral | Downgrade |
| 2024-02-28 | Exane BNP Paribas | Neutral | Underperform | Downgrade |
| 2024-02-15 | Morgan Stanley | Overweight | Equal-Weight | Downgrade |
| 2024-02-08 | Argus Research | Buy | Hold | Downgrade |
| 2023-12-05 | GLJ Research | Sell | Sell | Maintains |
| 2023-10-31 | Morgan Stanley | Overweight | Overweight | Maintains |
| 2023-09-27 | B. Riley Securities | Buy | Buy | Maintains |
| 2023-09-26 | Citigroup | Neutral | Buy | Upgrade |
| 2023-09-25 | Citigroup | Neutral | Buy | Upgrade |
| 2023-08-01 | B. Riley Securities | Buy | Buy | Maintains |
| 2023-07-27 | Morgan Stanley | Overweight | Overweight | Reiterate |
| 2023-07-26 | Credit Suisse | Outperform | Outperform | Reiterate |
| 2023-06-21 | Morgan Stanley | Overweight | Overweight | Reiterate |
| 2023-05-23 | JP Morgan | Neutral | Initiate | |
| 2023-05-22 | Morgan Stanley | Overweight | Overweight | Maintains |
| 2023-04-27 | Morgan Stanley | Overweight | Maintains | |
| 2022-03-24 | JP Morgan | Overweight | Maintains | |
| 2023-03-20 | Wolfe Research | Underperform | Peer Perform | Upgrade |
| 2023-02-15 | B. Riley Securities | Buy | Maintains | |
| 2023-02-13 | Citigroup | Neutral | Maintains | |
| 2023-01-18 | Goldman Sachs | Buy | Maintains | |
| 2023-01-12 | Morgan Stanley | Equal-Weight | Overweight | Upgrade |
| 2023-01-04 | B of A Securities | Neutral | Reiterate | |
| 2022-12-23 | B. Riley Securities | Buy | Maintains | |
| 2022-12-16 | UBS | Neutral | Initiate | |
| 2022-11-02 | Wolfe Research | Peer Perform | Underperform | Downgrade |
| 2022-10-26 | Morgan Stanley | Equal-Weight | Maintains | |
| 2022-10-06 | Goldman Sachs | Buy | Maintains | |
| 2022-09-28 | Argus Research | Buy | Maintains | |
| 2022-09-27 | B. Riley Securities | Buy | Maintains | |
| 2022-09-21 | Credit Suisse | Outperform | Maintains | |
| 2022-07-27 | GLJ Research | Buy | Sell | Downgrade |
| 2022-07-26 | B. Riley Securities | Buy | Maintains | |
| 2022-07-26 | Citigroup | Neutral | Maintains | |
| 2022-07-25 | Morgan Stanley | Equal-Weight | Maintains | |
| 2022-03-22 | Goldman Sachs | Buy | Maintains | |
| 2022-01-11 | Wolfe Research | Outperform | Peer Perform | Downgrade |
| 2021-11-29 | Morgan Stanley | Equal-Weight | Maintains | |
| 2021-11-17 | Wolfe Research | Outperform | Initiate | |
| 2021-10-26 | Morgan Stanley | Equal-Weight | Maintains | |
| 2021-10-06 | Goldman Sachs | Neutral | Buy | Upgrade |
| 2021-08-11 | Morgan Stanley | Equal-Weight | Initiate | |
| 2021-07-08 | Argus Research | Buy | Initiate | |
| 2021-06-16 | JP Morgan | Overweight | Initiate | |
| 2021-05-04 | Credit Suisse | Neutral | Outperform | Upgrade |
| 2021-04-26 | Keybanc | Overweight | Sector Weight | Downgrade |
| 2021-04-19 | Exane BNP Paribas | Outperform | Neutral | Downgrade |
| 2021-04-12 | Goldman Sachs | Neutral | Initiate | |
| 2021-04-09 | Goldman Sachs | Neutral | Initiate | |
| 2021-03-08 | KeyBanc | Overweight | Maintains | |
| 2021-01-26 | GLJ Research | Buy | Hold | Downgrade |
| 2021-01-19 | Exane BNP Paribas | Neutral | Outperform | Upgrade |
| 2021-01-19 | KeyBanc | Overweight | Maintains | |
| 2020-12-22 | KeyBanc | Overweight | Maintains | |
| 2020-12-01 | KeyBanc | Overweight | Maintains | |
| 2020-11-24 | GLJ Research | Hold | Buy | Upgrade |
| 2020-11-20 | KeyBanc | Sector Weight | Overweight | Upgrade |
| 2020-09-16 | Credit Suisse | Neutral | Maintains | |
| 2020-04-15 | Credit Suisse | Neutral | Reiterate | |
| 2020-03-30 | Goldman Sachs | Neutral | Reiterate | |
| 2020-03-24 | B. Riley FBR | Buy | Maintains | |
| 2020-03-04 | Citigroup | Neutral | Maintains | |
| 2020-02-20 | CFRA | Strong Buy | Reiterate | |
| 2020-01-10 | Citigroup | Buy | Neutral | Downgrade |
| 2020-01-09 | B. Riley FBR | Buy | Maintains | |
| 2019-10-24 | B. Riley | Buy | Maintains | |
| 2019-10-01 | B. Riley | Buy | Maintains | |
| 2019-09-23 | JP Morgan | Overweight | Neutral | Downgrade |
| 2019-09-11 | Credit Suisse | Outperform | Maintains | |
| 2019-09-04 | Citigroup | Buy | Maintains | |
| 2019-04-26 | Credit Suisse | Neutral | Outperform | Upgrade |
| 2019-01-09 | Cowen & Co. | Market Perform | Initiate | |
| 2018-12-03 | Citigroup | Buy | Buy | Maintains |
| 2018-10-15 | Credit Suisse | Outperform | Neutral | Downgrade |
| 2018-10-05 | Citigroup | Buy | Buy | Maintains |
| 2018-07-27 | Morgan Stanley | Equal-Weight | Equal-Weight | Maintains |
| 2018-07-23 | Citigroup | Buy | Buy | Maintains |
| 2018-07-23 | B. Riley FBR | Buy | Buy | Maintains |
| 2018-07-23 | JP Morgan | Neutral | Overweight | Upgrade |
| 2018-06-29 | Morgan Stanley | Equal-Weight | Equal-Weight | Maintains |
| 2018-05-09 | Seaport Global | Buy | Initiate | |
| 2018-04-24 | Morgan Stanley | Equal-Weight | Equal-Weight | Maintains |
| 2018-03-20 | Goldman Sachs | Neutral | Initiate | |
| 2018-03-14 | Vertical Group | Hold | Sell | Downgrade |
| 2018-02-23 | Vertical Group | Sell | Hold | Upgrade |
| 2018-02-07 | Credit Suisse | Underperform | Outperform | Upgrade |
| 2018-01-19 | Vertical Group | Sell | Initiate | |
| 2017-10-23 | JP Morgan | Overweight | Neutral | Downgrade |
| 2017-07-07 | Jefferies | Buy | Initiate | |
| 2016-11-30 | JP Morgan | Overweight | Maintains | |
| 2016-11-14 | Morgan Stanley | Underweight | Equal-Weight | Upgrade |
| 2016-08-29 | Macquarie | Outperform | Maintains | |
| 2016-07-29 | JP Morgan | Overweight | Maintains | |
| 2016-07-18 | Clarksons Platou | Sell | Neutral | Upgrade |
| 2016-06-10 | Macquarie | Neutral | Outperform | Upgrade |
| 2016-05-31 | JP Morgan | Neutral | Overweight | Upgrade |
| 2016-03-11 | Credit Suisse | Underperform | Initiate | |
| 2016-02-05 | Deutsche Bank | Sell | Maintains | |
| 2016-01-08 | Macquarie | Outperform | Neutral | Downgrade |
| 2015-12-17 | Deutsche Bank | Hold | Sell | Downgrade |
| 2015-10-05 | Deutsche Bank | Hold | Maintains | |
| 2015-09-24 | Macquarie | Outperform | Maintains | |
| 2015-09-18 | FBR Capital | Market Perform | Initiate | |
| 2015-08-21 | Axiom Capital | Sell | Initiate | |
| 2015-08-05 | RBC Capital | Sector Perform | Maintains | |
| 2015-08-03 | RBC Capital | Sector Perform | Maintains | |
| 2015-04-30 | Citigroup | Sell | Maintains | |
| 2015-04-14 | Citigroup | Sell | Maintains | |
| 2012-11-20 | Goldman Sachs | Neutral | Sell | Downgrade |
| 2012-10-26 | BMO Capital | Outperform | Maintains | |
| 2012-10-25 | Deutsche Bank | Hold | Maintains | |
| 2012-10-22 | Deutsche Bank | Buy | Hold | Downgrade |
| 2012-10-15 | Goldman Sachs | Neutral | Maintains | |
| 2012-10-02 | Deutsche Bank | Buy | Maintains | |
| 2012-09-17 | JP Morgan | Overweight | Neutral | Downgrade |
| 2012-09-13 | Nomura | Neutral | Buy | Upgrade |
| 2012-09-10 | Goldman Sachs | Buy | Neutral | Downgrade |
| 2012-09-06 | UBS | Buy | Neutral | Downgrade |
| 2012-09-05 | Credit Suisse | Neutral | Underperform | Downgrade |
| 2012-09-04 | Citigroup | Buy | Maintains | |
| 2012-08-30 | Bank of America | Neutral | Maintains | |
| 2012-07-31 | Deutsche Bank | Buy | Maintains | |
| 2012-07-27 | Goldman Sachs | Buy | Maintains | |
| 2012-07-26 | UBS | Buy | Maintains | |
| 2012-07-26 | Dahlman Rose | Buy | Maintains | |
| 2012-07-18 | Global Hunter Securities | Neutral | Initiate | |
| 2012-07-16 | Citigroup | Buy | Maintains | |
| 2012-07-10 | UBS | Buy | Maintains | |
| 2012-07-09 | Deutsche Bank | Buy | Maintains | |
| 2012-06-25 | Goldman Sachs | Buy | Maintains | |
| 2012-04-27 | Morgan Stanley | Overweight | Maintains | |
| 2012-04-27 | Dahlman Rose | Buy | Maintains | |
| 2012-04-26 | Bank oferica | Buy | Maintains | |
| 2012-04-26 | Citigroup | Neutral | Maintains | |
| 2012-04-26 | UBS | Buy | Maintains | |
| 2025-08-14 | Wells Fargo | Equal-Weight | Initiate | |
| 2024-08-27 | Seaport Global | Neutral | Buy | Upgrade |
| 2024-08-15 | Morgan Stanley | Equal-Weight | Equal-Weight | Maintains |
| 2025-03-12 | Seaport Global | Buy | Buy | Maintains |
| 2025-02-27 | GLJ Research | Buy | Buy | Maintains |
| 2025-02-03 | Morgan Stanley | Equal-Weight | Equal-Weight | Maintains |
| 2025-04-23 | B. Riley Securities | Buy | Buy | Reiterate |
| 2024-09-18 | Morgan Stanley | Equal-Weight | Equal-Weight | Maintains |
| 2024-09-17 | Morgan Stanley | Equal-Weight | Equal-Weight | Maintains |
| 2024-09-10 | Citigroup | Neutral | Neutral | Maintains |
| 2025-01-07 | GLJ Research | Sell | Buy | Upgrade |
| 2024-12-02 | Goldman Sachs | Buy | Initiate | |
| 2025-05-29 | Jefferies | Buy | Hold | Downgrade |
| 2025-07-24 | JP Morgan | Neutral | Neutral | Maintains |
| 2025-05-28 | GLJ Research | Buy | Sell | Downgrade |
| 2025-05-12 | Goldman Sachs | Buy | Buy | Maintains |
| 2025-07-14 | JP Morgan | Neutral | Reiterate | |
| 2025-06-20 | Morgan Stanley | Equal-Weight | Equal-Weight | Maintains |
| 2025-07-22 | Morgan Stanley | Equal-Weight | Equal-Weight | Maintains |
| 2025-07-22 | Keybanc | Sector Weight | Overweight | Upgrade |
| 2025-07-21 | Citigroup | Neutral | Neutral | Maintains |
