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Investor Insights

This summary was created by AI, based on 6 opinions in the last 12 months.

Experts have varying opinions on Cleveland-Cliffs Inc. (CLF-N). Some believe the company is in a strong position, with upgraded ratings, positive cash flow, and potential for share buybacks. Others are cautious due to the volatile iron ore market and concerns about the company's dividend. However, there is optimism about future demand due to infrastructure spending and the growing market for electric vehicles and batteries. Overall, the stock is seen as consolidating after reaching new highs, with a possible good entry point for investors.

Consensus
Mixed
Valuation
Fair Value
BUY

It reports Monday. Has been strong despite the Fed's rate hikes.

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BUY

Just upgraded on Wall Street. Estimated $1.2 billion free cash flow this year. Debt-to-EBITDA is just below 1, so they have little debt to buy. Input costs have decreased while car production rises (good for CLF). Expects them to buy back a ton of shares.

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WEAK BUY

With so few steel companies, Nucor and Cleveland Cliffs enjoy scarcity value with enough business to keep pricing up, though Nucor has a much better balance sheet. It reports Monday.

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DON'T BUY

They announced share buybacks a while ago, but the money still isn't flowing here.

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SELL

Iron ore space is a rollercoaster ride, high beta, depends on China. Volatile space, due to false start in China. He's been trimming names over past months. Nothing wrong with the operation, but dividend not attractive enough to provide protection in an economic slowdown.

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BUY

Many felt that the cycle was over and prices would collapse, but he feels this is a little downturn. Demand will bounce back because of infrastructure spending to come next and demand for EVs and batteries. This is where the cycle is heading for base metals.

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BUY

Consolidating after reaching new highs. Head and shoulders pattern. Good entry point now, with limited upside to $19. Need to sell around $13.60.

steel
BUY

Has risen to be the #2 steelmaker. Revenues have jumped from $2 billion in 2019 to $23 billion in 2022. Trades at only 6x trailing earnings. However, the street predicts EPS to fall from $5.35 in 2021 to $2.04 this year. His take: if we avoid recession, shares will soar, which makes this a trade.

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It's a Monthly Gems opinion which is available only for Premium members

Curated by Allan Tong since 2019.
99+ opinions with 4.15 rating.

TOP PICK

CLF currently trades at 4.62 earnings, still below 6.02x when shares peaked about nine months ago. In fact, its forward PE stands at 9.66x, so the street feels this name has a lot of runway ahead. A few caveats, though. CLF doesn't pay a dividend, and its beta is 2.17, so expect some bumpiness. That said, Cleveland-Cliffs is currently enjoying strong momentum, driven by steel prices and slower interest rate hikes.

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TOP PICK
Cleveland-Cliffs, Inc. (Cliffs) is the largest flat-rolled steel producer in North America. Founded in 1847 as a mine operator, the company is also the largest producer of iron ore pellets in North America. In 2020, Cliffs acquired two major steelmakers, AK Steel and ArcelorMittal USA, vertically integrating its legacy iron ore business with quality-focused steel production and emphasis on the automotive end market. Its fully integrated portfolio includes custom-made pellets and hot briquetted iron (HBI); flat-rolled carbon steel, stainless, electrical, plate, tinplate and long steel products; as well as carbon and stainless steel tubing, hot and cold stamping and tooling. Headquartered in Cleveland, Ohio, Cliffs employ approximately 25,000 people across its mining, steel and downstream manufacturing operations in the United States and Canada. Social media mentions are up 233% in the past 24h.
steel
BUY
Cleveland was unfairly beaten up last year, but two weeks ago they will rework their orders with auto OEMs (50% of their business) will get higher prices while production costs will decline this year. A cheap stock that generates cash.
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PARTIAL BUY
Shares have been cut in half since April and are not trading at only 3x earnings, among the cheapest stocks out there. (Hit $34 in early April.) Last Friday, CLF reported a mixed quarter: revenue beat and in-line earnings. Stock plunged 9%, but rebounded today 6%. Shares may be getting too cheap. If on Wednesday the Fed announces more rate hikes, buy. But if there are hikes lasting through the summer, a buy could be tougher.
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DON'T BUY
The CEO has done a great job, but this stock doesn't work. This is not the market for this kind of company where people are worried about the economy. Shares will go lower, not higher.
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STRONG BUY
Really likes the CEO and they have boast $930 million of free cash flow in the first half of 2022, and estimate to top $2.5 billion by year's end against an $8 billion market cap (=30% free cash flow yield). Revenues are coming from the car business which are seeing pent-up demand due to aging cars out there. CC will likely renegotiate upcoming contracts at prices higher than current. Shares were down (45% in the last 3 months), because they took an accounting hit for the debt they bought back earlier at a discount.
steel
BUY
Is down a lot YTD, but he still likes it. Cars make up over 50% of their business. Car demand is high and will stay so, because the average age of cars is 12.2 years, so they will wear out. We need to build more cars and there's demand for them. Their free cash flow yield is 34%. Amazing. They're buying back shares.
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Showing 1 to 15 of 36 entries

Cleveland-Cliffs Inc.(CLF-N) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 5

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 2

Total Signals / Votes : 7

Stockchase rating for Cleveland-Cliffs Inc. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Cleveland-Cliffs Inc.(CLF-N) Frequently Asked Questions

What is Cleveland-Cliffs Inc. stock symbol?

Cleveland-Cliffs Inc. is a American stock, trading under the symbol CLF-N on the New York Stock Exchange (CLF). It is usually referred to as NYSE:CLF or CLF-N

Is Cleveland-Cliffs Inc. a buy or a sell?

In the last year, 7 stock analysts published opinions about CLF-N. 5 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Cleveland-Cliffs Inc..

Is Cleveland-Cliffs Inc. a good investment or a top pick?

Cleveland-Cliffs Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for Cleveland-Cliffs Inc..

Why is Cleveland-Cliffs Inc. stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Cleveland-Cliffs Inc. worth watching?

7 stock analysts on Stockchase covered Cleveland-Cliffs Inc. In the last year. It is a trending stock that is worth watching.

What is Cleveland-Cliffs Inc. stock price?

On 2024-06-21, Cleveland-Cliffs Inc. (CLF-N) stock closed at a price of $14.8.