NYSE:CLF - Cleveland-Cliffs Stock Price, News, & Analysis

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$10.02 -0.04 (-0.40 %)
(As of 05/19/2019 11:29 AM ET)
Previous Close$10.02
Today's Range$9.88 - $10.18
52-Week Range$7.40 - $13.10
Volume8.37 million shs
Average Volume11.47 million shs
Market Capitalization$2.83 billion
P/E Ratio4.70
Dividend Yield2.00%
Beta1.78
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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Industry, Sector and Symbol

Industry Metal mining
Sub-IndustrySteel
SectorBasic Materials
CUSIP18683K10
Phone216-694-5700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.33 billion
Cash Flow$2.4741 per share
Book Value$0.93 per share

Profitability

Net Income$1.13 billion

Miscellaneous

Employees2,926
Market Cap$2.83 billion
Next Earnings Date7/19/2019 (Estimated)
OptionableOptionable

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

Cleveland-Cliffs declared a quarterly dividend on Thursday, February 21st. Investors of record on Friday, April 5th will be given a dividend of $0.05 per share on Monday, April 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend is Thursday, April 4th. View Cleveland-Cliffs' Dividend History.

How will Cleveland-Cliffs' stock buyback program work?

Cleveland-Cliffs announced that its board has approved a share repurchase program on Monday, November 26th 2018, which allows the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 7.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company's leadership believes its stock is undervalued.

How were Cleveland-Cliffs' earnings last quarter?

Cleveland-Cliffs Inc (NYSE:CLF) posted its quarterly earnings results on Thursday, April, 25th. The mining company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.06. The mining company had revenue of $157 million for the quarter, compared to analysts' expectations of $116.91 million. Cleveland-Cliffs had a net margin of 51.54% and a return on equity of 786.91%. The business's revenue for the quarter was down 12.8% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.08) EPS. View Cleveland-Cliffs' Earnings History.

When is Cleveland-Cliffs' next earnings date?

Cleveland-Cliffs is scheduled to release their next quarterly earnings announcement on Friday, July 19th 2019. View Earnings Estimates for Cleveland-Cliffs.

What price target have analysts set for CLF?

10 brokerages have issued 12-month price targets for Cleveland-Cliffs' shares. Their predictions range from $5.00 to $17.00. On average, they expect Cleveland-Cliffs' share price to reach $12.6667 in the next year. This suggests a possible upside of 26.4% from the stock's current price. View Analyst Price Targets for Cleveland-Cliffs.

What is the consensus analysts' recommendation for Cleveland-Cliffs?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cleveland-Cliffs in the last year. There are currently 1 sell rating, 2 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Cleveland-Cliffs.

Has Cleveland-Cliffs been receiving favorable news coverage?

Media stories about CLF stock have been trending positive this week, according to InfoTrie Sentiment Analysis. The research firm rates the sentiment of press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Cleveland-Cliffs earned a daily sentiment score of 2.2 on InfoTrie's scale. They also assigned news stories about the mining company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the next several days.

Are investors shorting Cleveland-Cliffs?

Cleveland-Cliffs saw a increase in short interest during the month of April. As of April 15th, there was short interest totalling 63,841,596 shares, an increase of 8.8% from the March 29th total of 58,663,294 shares. Based on an average trading volume of 8,929,425 shares, the days-to-cover ratio is currently 7.1 days. Currently, 22.5% of the shares of the stock are sold short. View Cleveland-Cliffs' Current Options Chain.

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 Rite Aid (rad), Bank of America (BAC), Freeport-McMoRan (FCX), Advanced Micro Devices (AMD), Micron Technology (MU), AK Steel (AKS), United States Steel (X), General Electric (GE), Transocean (RIG) and Chesapeake Energy (CHK).

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)

Who are Cleveland-Cliffs' major shareholders?

Cleveland-Cliffs' stock is owned by many different of retail and institutional investors. Top institutional investors include Ruffer LLP (6.19%), Dimensional Fund Advisors LP (2.55%), Northern Trust Corp (1.88%), Geode Capital Management LLC (1.19%), AJO LP (1.00%) and Charles Schwab Investment Management Inc. (0.96%). Company insiders that own Cleveland-Cliffs stock include Eric M Rychel, Keith Koci, Lourenco Goncalves, Michael D Siegal 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 Key Group Holdings Cayman LTD., Ruffer LLP, Chartwell Investment Partners LLC, Bridgewater Associates LP, Hodges Capital Management Inc., Hennessy Advisors Inc., James Investment Research Inc. and First Trust Advisors LP. View Insider Buying and Selling for Cleveland-Cliffs.

Which major investors are buying Cleveland-Cliffs stock?

CLF stock was acquired by a variety of institutional investors in the last quarter, including AJO LP, Wellington Management Group LLP, Dimensional Fund Advisors LP, Picton Mahoney Asset Management, Brightline Capital Management LLC, Hotchkis & Wiley Capital Management LLC, Hotchkis & Wiley Capital Management LLC and Kennedy Capital Management Inc.. Company insiders that have bought Cleveland-Cliffs stock in the last two years include Eric M Rychel, Keith Koci, Lourenco Goncalves and Michael D Siegal. 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 $10.02.

How big of a company is Cleveland-Cliffs?

Cleveland-Cliffs has a market capitalization of $2.83 billion and generates $2.33 billion in revenue each year. The mining company earns $1.13 billion in net income (profit) each year or $2.13 on an earnings per share basis. Cleveland-Cliffs employs 2,926 workers across the globe.

What is Cleveland-Cliffs' official website?

The official website for Cleveland-Cliffs is http://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]


MarketBeat Community Rating for Cleveland-Cliffs (NYSE CLF)

Community Ranking:  1.8 out of 5 (star)
Outperform Votes:  577 (Vote Outperform)
Underperform Votes:  1,000 (Vote Underperform)
Total Votes:  1,577
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.
This page was last updated on 5/19/2019 by MarketBeat.com Staff

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