About Cleveland-Cliffs (NYSE:CLF)
Cleveland-Cliffs Inc. operates as an iron ore mining company in the United States. The company operates four iron ore mines in Michigan and Minnesota; and Koolyanobbing iron ore mining complex located in Western Australia. It sells its products to integrated steel companies and steel producers in the United States and the Asia Pacific. The company was formerly known as Cliffs Natural Resources Inc. and changed its name to Cleveland-Cliffs Inc. in August 2017. Cleveland-Cliffs Inc. was founded in 1847 and is headquartered in Cleveland, Ohio.
Industry, Sector and Symbol
Industry Metal mining
Sub-IndustrySteel
SectorBasic Materials
SymbolNYSE:CLF
CUSIP18683K10
Phone216-694-5700
Debt
Debt-to-Equity Ratio-4.76
Current Ratio3.32
Quick Ratio2.37
Price-To-Earnings
Trailing P/E Ratio17.32
Forward P/E Ratio5.45
P/E GrowthN/A
Sales & Book Value
Annual Sales$2.33 billion
Price / Sales1.11
Cash Flow$0.7952 per share
Price / Cash10.89
Book Value($1.50) per share
Price / Book-5.77
Profitability
EPS (Most Recent Fiscal Year)$0.50
Net Income$367 million
Net Margins15.12%
Return on Equity-40.15%
Return on Assets9.98%
Miscellaneous
Employees2,938
Outstanding Shares297,730,000
Cleveland-Cliffs (NYSE:CLF) Frequently Asked Questions
What is Cleveland-Cliffs' stock symbol?
Cleveland-Cliffs trades on the New York Stock Exchange (NYSE) under the ticker symbol "CLF."
How were Cleveland-Cliffs' earnings last quarter?
Cleveland-Cliffs Inc (NYSE:CLF) announced its earnings results on Friday, April, 20th. The mining company reported ($0.08) EPS for the quarter, topping the Zacks' consensus estimate of ($0.21) by $0.13. The mining company had revenue of $239 million for the quarter, compared to analysts' expectations of $177.93 million. Cleveland-Cliffs had a negative return on equity of 40.15% and a net margin of 15.12%. Cleveland-Cliffs's revenue for the quarter was down 48.2% compared to the same quarter last year. During the same period last year, the firm earned $0.16 EPS. View Cleveland-Cliffs' Earnings History.
When is Cleveland-Cliffs' next earnings date?
What price target have analysts set for CLF?
14 equities research analysts have issued twelve-month target prices for Cleveland-Cliffs' stock. Their forecasts range from $7.50 to $12.00. On average, they anticipate Cleveland-Cliffs' stock price to reach $9.80 in the next year. View Analyst Ratings for Cleveland-Cliffs.
What are Wall Street analysts saying about Cleveland-Cliffs stock?
Here are some recent quotes from research analysts about Cleveland-Cliffs stock:
- 1. According to Zacks Investment Research, "Cleveland-Cliffs is expected to gain from higher steel demand in the United States. It is witnessing strong demand across a number of markets including automotive and construction. It has raised its sales volume expectations for 2018 for the U.S. Iron Ore unit factoring in strong demand. The company also remains focused on de-leveraging its balance sheet. The company is also expected to benefit from its pellet supply contracts with its U.S. iron ore customers, which will help it mitigate the impact of fluctuations in seaborne iron ore pricing. Cleveland-Cliffs has also outperformed the industry it belongs to over the past six months. However, Cleveland-Cliffs is facing a challenging operating environment in its Australian operations and pricing headwinds. Demand for iron ore in China also remain soft. " (6/6/2018)
- 2. FBR & Co analysts commented, "Cleveland-Cliffs reported Q3 results with an EBITDA miss of $154M versus consensus estimates of $166M. The company slightly reduced volume guidance in the U.S. and Australia, while maintaining prior cost guidance in the U.S., and increased Australian cost guidance (mostly as a result of the weaker USD). The company cut 2017 US sales guidance as a result of a single large buyer reducing orders, which has brought down our Q4 estimate to $123M, from $185M. The company is now planning for $270M in capex over the next twelve months, largely from the construction of the HBI plant. With the HBI plant now fully incorporated into our model, and Q4 results priced in, we see an appropriate buying window." (10/20/2017)
Are investors shorting Cleveland-Cliffs?
Cleveland-Cliffs saw a decrease in short interest during the month of May. As of May 15th, there was short interest totalling 36,654,782 shares, a decrease of 11.1% from the April 30th total of 41,234,877 shares. Based on an average trading volume of 9,097,731 shares, the days-to-cover ratio is currently 4.0 days. Approximately 13.1% of the company's stock are sold short.
Who are some of Cleveland-Cliffs' key competitors?
Some companies that are related to Cleveland-Cliffs include Turquoise Hill Resources (TRQ), Lundin Mining (LUNMF), Compania de Minas Buenaventura SAA (BVN), Vedanta Resources (VDNRF), Nexa Resources (NEXA), Centamin (CELTF), Hudbay Minerals (HBM), Pretium Resources (PVG), Mountain Province Diamonds (MPVD), North American Palladium (PALDF), Lithium Americas (LAC), Fission Uranium (FCUUF), Amerigo Resources (ARREF), Wealth Minerals (WMLLF) and Jaguar Mining (JAGGF).
Who are Cleveland-Cliffs' key executives?
Cleveland-Cliffs' management team includes the folowing people:
- Mr. C. Lourenco Goncalves, Chairman, Pres & CEO (Age 60)
- Mr. Timothy K. Flanagan, Exec. VP & CFO (Age 40)
- Mr. Clifford T. Smith, Exec. VP of Bus. Devel. (Age 58)
- Mr. Terry G. Fedor, Exec. VP of United States Iron Ore (Age 53)
- Mr. R. Christopher Cebula, VP, Corp. Controller & Chief Accounting Officer (Age 47)
Has Cleveland-Cliffs been receiving favorable news coverage?
News stories about CLF stock have been trending somewhat positive on Sunday, Accern Sentiment reports. Accern rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cleveland-Cliffs earned a media sentiment score of 0.22 on Accern's scale. They also gave news articles about the mining company an impact score of 44.51 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.
Who are Cleveland-Cliffs' major shareholders?
Cleveland-Cliffs' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Millennium Management LLC (2.80%), Dimensional Fund Advisors LP (2.18%), Northern Trust Corp (1.18%), Neuberger Berman Group LLC (1.17%), Key Square Capital Management LLC (0.74%) and Schwab Charles Investment Management Inc. (0.62%). Company insiders that own Cleveland-Cliffs stock include Douglas C Taylor, Eric M Rychel, John T Baldwin, Joseph A Rutkowski, Lourenco Goncalves, Robert P Fisher Jr and Susan Miranda Green. View Institutional Ownership Trends for Cleveland-Cliffs.
Which institutional investors are selling Cleveland-Cliffs stock?
CLF stock was sold by a variety of institutional investors in the last quarter, including Gendell Jeffrey L, Chicago Equity Partners LLC, American Century Companies Inc., California Public Employees Retirement System, Neuberger Berman Group LLC, Prudential Financial Inc., Legal & General Group Plc and Cetera Advisors LLC. View Insider Buying and Selling for Cleveland-Cliffs.
Which institutional investors are buying Cleveland-Cliffs stock?
CLF stock was bought by a variety of institutional investors in the last quarter, including Millennium Management LLC, Key Square Capital Management LLC, Hodges Capital Management Inc., Royal Bank of Canada, Great Lakes Advisors LLC, Commerzbank Aktiengesellschaft FI, Schwab Charles Investment Management Inc. and Freestone Capital Holdings LLC. Company insiders that have bought Cleveland-Cliffs stock in the last two years include Douglas C Taylor, Eric M Rychel, John T Baldwin, Joseph A Rutkowski, Lourenco Goncalves, Robert P Fisher Jr and Susan Miranda Green. View Insider Buying and Selling for Cleveland-Cliffs.
How do I buy shares of Cleveland-Cliffs?
Shares of CLF can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Cleveland-Cliffs' stock price today?
One share of CLF stock can currently be purchased for approximately $8.66.
How big of a company is Cleveland-Cliffs?
Cleveland-Cliffs has a market capitalization of $2.58 billion and generates $2.33 billion in revenue each year. The mining company earns $367 million in net income (profit) each year or $0.50 on an earnings per share basis. Cleveland-Cliffs employs 2,938 workers across the globe.
How can I contact Cleveland-Cliffs?
Cleveland-Cliffs' mailing address is 200 PUBLIC SQUARE SUITE 3300, CLEVELAND OH, 44114. The mining company can be reached via phone at 216-694-5700 or via email at [email protected]
MarketBeat Community Rating for Cleveland-Cliffs (CLF)
MarketBeat's community ratings are surveys of what our community members think about Cleveland-Cliffs and other stocks. Vote "Outperform" if you believe CLF will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CLF will underperform the S&P 500 over the long term. You may vote once every thirty days.
