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

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$8.64 -0.36 (-4.00 %)
(As of 12/12/2018 12:43 PM ET)
Previous Close$9.00
Today's Range$8.5250 - $9.08
52-Week Range$6.30 - $13.10
Volume8.30 million shs
Average Volume11.33 million shs
Market Capitalization$2.66 billion
P/E Ratio17.28
Dividend YieldN/A
Beta1.63
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.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Metal mining
Sub-IndustrySteel
SectorBasic Materials
Current SymbolNYSE:CLF
Previous Symbol
CUSIP18683K10
Phone216-694-5700

Debt

Debt-to-Equity RatioN/A
Current Ratio4.34
Quick Ratio3.84

Price-To-Earnings

Trailing P/E Ratio17.28
Forward P/E Ratio4.26
P/E GrowthN/A

Sales & Book Value

Annual Sales$2.33 billion
Price / Sales1.11
Cash Flow$0.7694 per share
Price / Cash Flow11.23
Book Value($1.50) per share
Price / Book-5.76

Profitability

EPS (Most Recent Fiscal Year)$0.50
Net Income$367 million
Net Margins36.43%
Return on Equity-146.72%
Return on Assets16.17%

Miscellaneous

Employees2,938
Outstanding Shares298,020,000
Market Cap$2.66 billion
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 announced a quarterly dividend on Friday, October 19th. Shareholders of record on Friday, January 4th will be paid a dividend of $0.05 per share on Tuesday, January 15th. This represents a $0.20 annualized dividend and a yield of 2.33%. The ex-dividend date is Thursday, January 3rd. View Cleveland-Cliffs' Dividend History.

How will Cleveland-Cliffs' stock buyback program work?

Cleveland-Cliffs declared that its Board of Directors has authorized a share repurchase plan on Monday, November 26th 2018, which permits the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 7.7% of its stock through open market purchases. Stock buyback plans are typically 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 earnings results on Friday, October, 19th. The mining company reported $0.64 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.66 by $0.02. The mining company earned $742 million during the quarter, compared to analysts' expectations of $736.06 million. Cleveland-Cliffs had a net margin of 36.43% and a negative return on equity of 146.72%. The firm's revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.36 earnings per share. View Cleveland-Cliffs' Earnings History.

When is Cleveland-Cliffs' next earnings date?

Cleveland-Cliffs is scheduled to release their next quarterly earnings announcement on Thursday, January 24th 2019. View Earnings Estimates for Cleveland-Cliffs.

What price target have analysts set for CLF?

12 brokers have issued 1 year price targets for Cleveland-Cliffs' shares. Their predictions range from $5.00 to $15.00. On average, they anticipate Cleveland-Cliffs' stock price to reach $11.10 in the next twelve months. This suggests a possible upside of 29.2% from the stock's current price. View Analyst Price Targets for Cleveland-Cliffs.

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

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cleveland-Cliffs in the last year. There are currently 1 sell rating, 4 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?

Press coverage about CLF stock has trended positive this week, according to InfoTrie Sentiment Analysis. The research group scores the sentiment of news coverage by monitoring 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 closest to five being the most favorable. Cleveland-Cliffs earned a media sentiment score of 2.3 on InfoTrie's scale. They also gave news coverage about the mining company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the immediate future.

Are investors shorting Cleveland-Cliffs?

Cleveland-Cliffs saw a increase in short interest during the month of November. As of November 30th, there was short interest totalling 53,165,745 shares, an increase of 9.1% from the November 15th total of 48,745,811 shares. Based on an average daily trading volume, of 9,207,050 shares, the days-to-cover ratio is presently 5.8 days. Approximately 18.2% of the company's shares are sold short. View Cleveland-Cliffs' Current Options Chain.

Who are some of Cleveland-Cliffs' key competitors?

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 shareholders include Vanguard Group Inc. (10.14%), Ruffer LLP (5.38%), Fisher Asset Management LLC (2.88%), Dimensional Fund Advisors LP (2.12%), Hennessy Advisors Inc. (0.96%) and Neuberger Berman Group LLC (0.88%). Company insiders that own Cleveland-Cliffs stock include Douglas C Taylor, Eric M Rychel, John T Baldwin, Joseph A Rutkowski, Lourenco Goncalves 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 Bridgewater Associates LP, Neuberger Berman Group LLC, Marshall Wace North America L.P., AQR Capital Management LLC, Penn Capital Management Co. Inc., Seven Eight Capital LP, Creative Planning and Dimensional Fund Advisors LP. View Insider Buying and Selling for Cleveland-Cliffs.

Which major investors are buying Cleveland-Cliffs stock?

CLF stock was bought by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC, Vanguard Group Inc., Hennessy Advisors Inc., Ruffer LLP, Pelham Capital Ltd., Foundry Partners LLC, Prudential Financial Inc. and Northpointe Capital 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 and Lourenco Goncalves. 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 $8.5938.

How big of a company is Cleveland-Cliffs?

Cleveland-Cliffs has a market capitalization of $2.66 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.

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:  545 (Vote Outperform)
Underperform Votes:  973 (Vote Underperform)
Total Votes:  1,518
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 12/12/2018 by MarketBeat.com Staff

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