Cleveland-Cliffs Inc (NYSE: CLF) suffers from exceptional negative changes in fundamentals: significant quarterly sales deceleration occurred, significant quarterly earnings deceleration occurred, the consensus estimate for December, 2025 decreased significantly, and the consensus estimate for December, 2024 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
CLF is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Cleveland-Cliffs has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Cleveland-Cliffs has a very high Appreciation Score of 87 but a very low Power Rating of 1, triggering the Low Neutral Value Trend Rating.
Recent Price Action
On 10/11/24, Cleveland-Cliffs Inc (NYSE: CLF) stock enjoyed a large increase of 3.5%, closing at $13.14. However, this advance was accompanied by below average trading volume at 72% of normal. Relative to the market the stock has been extremely weak over the last nine months but has risen 2.7% during the last week.
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