(CLF) Cleveland-Cliffs - Ratings and Ratios

Cleveland-Cliffs Inc. is a leading flat-rolled steel producer operating in North America and internationally, offering a diverse range of steel products that cater to various industries, including automotive, infrastructure, and manufacturing. The companys extensive product portfolio includes various types of steel, such as hot-rolled, cold-rolled, and galvanized steel, as well as specialized products like electrical steel and stainless steel. Additionally, Cleveland-Cliffs Inc. has a significant presence in the iron ore mining sector, with five operational mines in Minnesota and Michigan, providing a stable source of raw materials for its steel production.

The companys diversified product offerings and strategic positioning in the steel industry enable it to serve a broad customer base, including distributors, converters, and steel producers. Cleveland-Cliffs Inc.s long history, dating back to 1847, and its rebranding from Cliffs Natural Resources Inc. to Cleveland-Cliffs Inc. in 2017, reflect its evolution and adaptation to the changing steel market landscape.

Analyzing the provided and , we observe that Cleveland-Cliffs Inc.s stock has experienced significant fluctuations, with a 52-week high of $16.21 and a low of $5.83. The current price of $7.60 is above its 20-day and 50-day simple moving averages (SMA) of $7.05 and $7.53, respectively, indicating a potential short-term uptrend. However, the stocks 200-day SMA of $10.44 suggests that it is still below its longer-term trend. Considering the companys negative return on equity (RoE) of -17.59% and a forward price-to-earnings (P/E) ratio of 13.44, we can forecast that Cleveland-Cliffs Inc.s stock may experience a moderate recovery in the short term, driven by potential improvements in the steel market and the companys operational efficiency.

Based on the available data, a possible forecast for Cleveland-Cliffs Inc.s stock price could be a gradual increase towards $9.00-$10.00 in the next 6-12 months, driven by a combination of factors, including a potential rebound in the steel industry, the companys efforts to improve its operational performance, and a relatively attractive forward P/E ratio. However, this forecast is subject to various risks and uncertainties, including fluctuations in global steel demand, raw material price volatility, and potential changes in trade policies.