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NYSE:CLF

Cleveland-Cliffs Stock Forecast, Price & News

$7.85
+0.24 (+3.15 %)
(As of 10/19/2020 12:00 AM ET)
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Compare
Today's Range
$7.55
Now: $7.85
$8.18
50-Day Range
$5.71
MA: $6.67
$7.72
52-Week Range
$2.63
Now: $7.85
$9.02
Volume12.89 million shs
Average Volume11.66 million shs
Market Capitalization$3.13 billion
P/E Ratio112.14
Dividend YieldN/A
Beta2.29
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. 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.
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Cleveland-Cliffs logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.2Community Rank: 1.9Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

0.95 out of 5 stars

Industry, Sector and Symbol

Industry Metal mining
Sub-IndustrySteel
CUSIP18683K10
Phone216-694-5700
Employees2,372

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.99 billion
Cash Flow$1.54 per share
Book Value$1.33 per share

Profitability

Net Income$292.80 million

Miscellaneous

Market Cap$3.13 billion
Next Earnings Date10/23/2020 (Confirmed)
OptionableOptionable
$7.85
+0.24 (+3.15 %)
(As of 10/19/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Cleveland-Cliffs (NYSE:CLF) Frequently Asked Questions

How has Cleveland-Cliffs' stock been impacted by COVID-19?

Cleveland-Cliffs' stock was trading at $4.49 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CLF stock has increased by 74.8% and is now trading at $7.85.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Cleveland-Cliffs?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cleveland-Cliffs in the last year. There are currently 5 hold ratings, 1 buy rating and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Cleveland-Cliffs
.

When is Cleveland-Cliffs' next earnings date?

Cleveland-Cliffs is scheduled to release its next quarterly earnings announcement on Friday, October 23rd 2020.
View our earnings forecast for Cleveland-Cliffs
.

How can I listen to Cleveland-Cliffs' earnings call?

Cleveland-Cliffs will be holding an earnings conference call on Friday, October 23rd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Cleveland-Cliffs' earnings last quarter?

Cleveland-Cliffs Inc (NYSE:CLF) issued its quarterly earnings results on Thursday, July, 30th. The mining company reported ($0.31) EPS for the quarter, beating the Zacks' consensus estimate of ($0.51) by $0.20. The mining company earned $1.09 billion during the quarter, compared to the consensus estimate of $1.07 billion. Cleveland-Cliffs had a positive return on equity of 6.53% and a negative net margin of 0.86%.
View Cleveland-Cliffs' earnings history
.

How often does Cleveland-Cliffs pay dividends? What is the dividend yield for Cleveland-Cliffs?

Cleveland-Cliffs declared a quarterly dividend on Tuesday, February 18th. Stockholders of record on Friday, April 3rd will be paid a dividend of $0.06 per share on Wednesday, April 15th. This represents a $0.24 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend is Thursday, April 2nd.
View Cleveland-Cliffs' dividend history
.

How will Cleveland-Cliffs' stock buyback program work?

Cleveland-Cliffs announced that its Board of Directors has authorized a share repurchase program on Monday, November 26th 2018, which authorizes the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 7.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's management believes its shares are undervalued.

What price target have analysts set for CLF?

7 brokers have issued 1 year price targets for Cleveland-Cliffs' stock. Their forecasts range from $4.00 to $10.00. On average, they expect Cleveland-Cliffs' share price to reach $6.88 in the next twelve months. This suggests that the stock has a possible downside of 12.4%.
View analysts' price targets for Cleveland-Cliffs
.

Are investors shorting Cleveland-Cliffs?

Cleveland-Cliffs saw a decline in short interest in the month of September. As of September 15th, there was short interest totaling 78,950,000 shares, a decline of 12.6% from the August 31st total of 90,310,000 shares. Based on an average daily trading volume, of 9,340,000 shares, the short-interest ratio is presently 8.5 days.
View Cleveland-Cliffs' Short Interest
.

Who are some of Cleveland-Cliffs' key competitors?

What other stocks do shareholders of Cleveland-Cliffs own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Cleveland-Cliffs investors own include Freeport-McMoRan (FCX), Bank of America (BAC), Rite Aid (RAD), Advanced Micro Devices (AMD), Micron Technology (MU), General Electric (GE), AT&T (T), Ford Motor (F), Cisco Systems (CSCO) and Intel (INTC).

Who are Cleveland-Cliffs' key executives?

Cleveland-Cliffs' management team includes the following 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)

What is Cleveland-Cliffs' stock symbol?

Cleveland-Cliffs trades on the New York Stock Exchange (NYSE) under the ticker symbol "CLF."

Who are Cleveland-Cliffs' major shareholders?

Cleveland-Cliffs' stock is owned by many different retail and institutional investors. Top institutional investors include Hodges Capital Management Inc. (0.21%), State of Alaska Department of Revenue (0.09%), First Dallas Securities Inc. (0.07%), Louisiana State Employees Retirement System (0.05%), Envestnet Asset Management Inc. (0.03%) and Avantax Advisory Services Inc. (0.03%). Company insiders that own Cleveland-Cliffs stock include Eric M Rychel, John T Baldwin, Keith Koci, Lourenco Goncalves, M Ann Harlan, Michael D Siegal, Robert P Fisher Jr and Susan Miranda Green.
View institutional ownership trends for Cleveland-Cliffs
.

Which major investors are selling Cleveland-Cliffs stock?

CLF stock was sold by a variety of institutional investors in the last quarter, including Hodges Capital Management Inc., Envestnet Asset Management Inc., and State of Alaska Department of Revenue.
View insider buying and selling activity for Cleveland-Cliffs
.

Which major investors are buying Cleveland-Cliffs stock?

CLF stock was purchased by a variety of institutional investors in the last quarter, including First Dallas Securities Inc., Avantax Advisory Services Inc., Louisiana State Employees Retirement System, First Hawaiian Bank, KG&L Capital Management LLC, Cooper Financial Group, Optimum Investment Advisors, and BTC Capital Management Inc.. Company insiders that have bought Cleveland-Cliffs stock in the last two years include Eric M Rychel, John T Baldwin, Keith Koci, Lourenco Goncalves, M Ann Harlan, Michael D Siegal, and Robert P Fisher Jr.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Cleveland-Cliffs' stock price today?

One share of CLF stock can currently be purchased for approximately $7.85.

How big of a company is Cleveland-Cliffs?

Cleveland-Cliffs has a market capitalization of $3.13 billion and generates $1.99 billion in revenue each year. The mining company earns $292.80 million in net income (profit) each year or $1.12 on an earnings per share basis. Cleveland-Cliffs employs 2,372 workers across the globe.

What is Cleveland-Cliffs' official website?

The official website for Cleveland-Cliffs is www.clevelandcliffs.com.

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]

This page was last updated on 10/19/2020 by MarketBeat.com Staff

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