Risk factor
High price volatility
Profitability factor
Very weak growth
About
Cleveland-Cliffs Inc. stands as a prominent producer of flat-rolled steel, conducting operations throughout the United States, Canada, and various international markets. Its comprehensive product portfolio encompasses a wide array of flat-rolled steel types, such as hot-rolled, cold-rolled, electrogalvanized, hot-dip galvanized and galvannealed, aluminized, galvalume, enameling, and advanced high-strength steel. The company also manufactures diverse stainless steel grades, including austenitic, martensitic, duplex, precipitation hardening, and ferritic varieties, alongside steel plates and both grain-oriented and non-oriented electrical steel products. Beyond finished goods, Cleveland-Cliffs supplies foundational materials like slab, rail, scrap, iron ore, coal, coke, tool and die, and stamped components. Its offerings further extend to tubular components crafted from carbon steel, stainless steel, and electric resistance welded tubing. Additional key products include tin mill products, hot and cold stamp assembly, tooling, sampling solutions, ingots, rolled and cast blooms, and hot-briquetted iron. The company boasts ownership of five iron ore mines located in Minnesota and Michigan. Serving a broad customer base, it caters to the automotive, infrastructure, and manufacturing sectors, as well as distributors, converters, and other steel producers. Established in 1847 and based in Cleveland, Ohio, the company adopted its current name, Cleveland-Cliffs Inc., in August 2017, having previously been known as Cliffs Natural Resources Inc.
Company Valuation
Considering past and projected metrics, the stock is neither 'expensive' nor 'cheap' compared to its peers. Specifically, the stock is neutral on EV/EBITDA, reasonably pr
Target Price
The average target price of CLF is 11 and suggests 20% downside potential. Usually, this means a SELL recommendation among investment firms, or a recommendation to decrea