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Why Are Analysts Forecasting Falling Free Cash Flow for CLF?

Annie Gilroy
Why Are Analysts Forecasting Falling Free Cash Flow for CLF?

Cleveland-Cliffs (CLF) has accumulated debt over a number of years. In this context, we’ll discuss Cleveland-Cliffs’ ability to generate FCF (free cash flow). Cliffs generated FCF of $182 million in 2017, which mostly went toward the enhancement of its core business, including its acquisition of the remaining minority interest in both the Tilden and Empire mines.