Cleveland-Cliffs Inc (CLF) Stock AnalysisCLFCleveland-Cliffs Inc

Cleveland-Cliffs Inc. is a steel producer with a focus on value-added sheet products, particularly for the automotive industry in North America. The Company is vertically integrated from the mining of iron ore, production of pellets and direct reduced iron, and processing of ferrous scrap through primary steelmaking and downstream finishing, stamping, tooling, and tubing. Its offering includes advanced high-strength steel, hot-dipped galvanized, aluminized, galvalume, electrogalvanized, galvanneal, hot-rolled coil (HRC), cold-rolled coil, plate, grain oriented electrical steel (GOES), non-oriented electrical steel (NOES), stainless steels, tool and die, stamped components, and slabs. Its Other Businesses primarily include the Tubular and Tooling and Stamping segments that provide customer solutions with carbon and stainless-steel tubing products, advanced-engineered solutions, tool design and build, hot- and cold-stamped steel components and complex assemblies. It operates in the Basic Materials sector (METAL MINING industry).

Cleveland-Cliffs Inc is a good buy right now due to its current price of $12.98 being below the analyst price target of $14, indicating a potential upside of approximately 8%. Additionally, the company's recent earnings forecast of 24 cents per share for Q3 suggests improving profitability, which is a positive indicator for long-term investors. However, the main risk is the high debt-to-equity ratio of 132.40%, which could impact financial stability.

9 analysts cover CLF: 2 rate it Buy, 5 Hold and 2 Sell. The average price target is 12.78.