Added to YB: 2024-02-05
Pitch date: 2024-02-04
CLF [bullish]
Cleveland-Cliffs Inc.
-36.64%
current return
Author Info
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Company Info
Cleveland-Cliffs Inc. operates as a flat-rolled steel producer in the United States, Canada, and internationally.
Market Cap
$8.0B
Pitch Price
$20.06
Price Target
27.65 (+118%)
Dividend
N/A
EV/EBITDA
8.1K
P/E
-3.64
EV/Sales
0.87
Sector
Metals and Mining
Category
turnaround
Show full summary:
Cleveland-Cliffs Bolsters Shareholder Value
$CLF: Poised for strong performance; Buy @ $27.65 PT on cost cuts & hydrogen steel progress. X merger uncertain due to antitrust & foreign competition. Record FY23 shipments, $80/ton savings, $30/ton more in FY24 for +$500M EBITDA. Flat capex, 50% FCF to debt cut, rest buybacks. Cliffs H2 focus aligns w/ industry.
Read full article (5 min)