About Cleveland-Cliffs (NYSE:CLF)
Cleveland-Cliffs Inc, formerly Cliffs Natural Resources Inc., is a mining and natural resources company. The Company is a supplier of iron ore pellets to the North American steel industry from its mines and pellet plants located in Michigan and Minnesota. The Company's segments include U.S. Iron Ore and Asia Pacific Iron Ore. The Company is a producer of iron ore pellets, primarily selling production from U.S. Iron Ore to integrated steel companies in the United States, Canada and Mexico. Its Asia Pacific Iron Ore operations are located in Western Australia and consist of its Koolyanobbing operation. The Koolyanobbing operations serve the Asian iron ore markets with direct-shipped fines and lump ore. In addition, the Company operates an iron ore mining complex in Western Australia. In the United States, the Company owned four operational iron ore mines and one indefinitely idled mine.
Industry, Sector and Symbol
Industry METALS-NON FERR
Trailing P/E Ratio5.40650406504065
Forward P/E Ratio5.50
Sales & Book Value
Annual Sales$2.33 billion
Price / Sales0.85
Cash Flow$0.79 per share
Price / Cash8.38
Book Value($1.50) per share
Price / Book-4.43
Net Income$367 million
Return on Equity-35.81%
Return on Assets10.73%
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) issued its quarterly earnings data on Thursday, January, 25th. The mining company reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.15 by $0.11. The mining company had revenue of $600.90 million for the quarter, compared to the consensus estimate of $612.50 million. Cleveland-Cliffs had a net margin of 16.09% and a negative return on equity of 35.81%. Cleveland-Cliffs's revenue for the quarter was down 20.3% on a year-over-year basis. During the same period last year, the firm posted $0.42 EPS. View Cleveland-Cliffs' Earnings History.
When will Cleveland-Cliffs make its next earnings announcement?
Where is Cleveland-Cliffs' stock going? Where will Cleveland-Cliffs' stock price be in 2018?
11 analysts have issued 1-year target prices for Cleveland-Cliffs' shares. Their predictions range from $8.00 to $12.00. On average, they expect Cleveland-Cliffs' share price to reach $9.67 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 remains focused on de-leveraging its balance sheet. It should also gain from major supply deals and an expected rise in steel demand in the United States. The company is also expected to benefit from its pellet supply contracts with its U.S. iron ore customers which will help it to mitigate the impact of fluctuation in seaborne iron ore pricing. However, Cleveland-Cliffs is faced with a challenging operating environment and pricing headwinds. The company has also cut its profit outlook for 2017 factoring in lower expected iron ore pricing. Demand for iron ore in China also remain soft." (1/9/2018)
- 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 increase in short interest in February. As of February 28th, there was short interest totalling 41,604,097 shares, an increase of 9.0% from the February 15th total of 38,184,004 shares. Based on an average daily volume of 11,590,482 shares, the days-to-cover ratio is currently 3.6 days. Approximately 25.9% of the shares of the company are sold short.
Who are some of Cleveland-Cliffs' key competitors?
Some companies that are related to Cleveland-Cliffs include Compania de Minas Buenaventura SAA (BVN), AngloGold Ashanti (AU), Cameco (CCJ), Gold Fields (GFI), Kirkland Lake Gold (KL), Vedanta Resources (VDNRF), Yamana Gold (AUY), Centamin (CELTF), IAMGOLD (IAG), Pan American Silver (PAAS), U.S. Silica (SLCA), Nexa Resources (NEXA), Alamos Gold Inc (US) (AGI), Hudbay Minerals (HBM), Arch Coal, Inc. Class A (ARCH), Impala Platinum (IMPUY), Osisko Gold Royalties (OR) and Tahoe Resources (TAHO).
Who are Cleveland-Cliffs' key executives?
Cleveland-Cliffs' management team includes the folowing people:
- Lourenco Celso Goncalves, Chairman of the Board, President, Chief Executive Officer (Age 59)
- Timothy K. Flanagan, Chief Financial Officer, Executive Vice President, Treasurer (Age 39)
- Maurice D. Harapiak, Executive Vice President of Human Resources (Age 55)
- James D. Graham, Executive Vice President, Secretary, Chief Legal Officer (Age 52)
- Terry G. Fedor, Executive Vice President - United States Iron Ore (Age 52)
- Terrence R. Mee, Executive Vice President - Global Commercial (Age 47)
- Clifford T. Smith, Executive Vice President - Business Development (Age 57)
- R. Christopher Cebula, Chief Accounting Officer, Vice President, Corporate Controller (Age 46)
- Douglas C. Taylor, Lead Independent Director (Age 52)
- John T. Baldwin, Independent Director (Age 66)
Has Cleveland-Cliffs been receiving favorable news coverage?
Media stories about CLF stock have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Cleveland-Cliffs earned a news sentiment score of 0.05 on Accern's scale. They also assigned news articles about the mining company an impact score of 47.62 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near term.
Who are Cleveland-Cliffs' major shareholders?
Cleveland-Cliffs' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.81%), Luminus Management LLC (1.27%), Gendell Jeffrey L (1.09%), Geode Capital Management LLC (0.93%), Masters Capital Management LLC (0.67%) and Bank of New York Mellon Corp (0.64%). 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 major investors are selling Cleveland-Cliffs stock?
CLF stock was sold by a variety of institutional investors in the last quarter, including J. Goldman & Co LP, Masters Capital Management LLC, HBK Investments L P, Geode Capital Management LLC, Eaton Vance Management, Chicago Equity Partners LLC, Mckinley Capital Management LLC Delaware and Horseman Capital Management Ltd. View Insider Buying and Selling 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 Millennium Management LLC, BlackRock Inc., Luminus Management LLC, APG Asset Management N.V., Bank of New York Mellon Corp, Adirondack Research & Management Inc., Creative Planning and Acadian Asset Management 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 $6.65.
How big of a company is Cleveland-Cliffs?
Cleveland-Cliffs has a market capitalization of $1.98 billion and generates $2.33 billion in revenue each year. The mining company earns $367 million in net income (profit) each year or $1.23 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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Cleveland-Cliffs (NYSE:CLF) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Hold||Hold||Hold||Hold|
|Consensus Rating Score: ||2.18||2.20||2.11||2.00|
|Ratings Breakdown: ||2 Sell Rating(s)|
5 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
|2 Sell Rating(s)|
4 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
|2 Sell Rating(s)|
4 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s)
|3 Sell Rating(s)|
3 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$9.67||$9.80||$8.67||$8.00|
|Price Target Upside: ||45.36% upside||44.97% upside||25.97% upside||8.70% upside|
Cleveland-Cliffs (NYSE:CLF) Consensus Price Target History
Cleveland-Cliffs (NYSE:CLF) Analyst Ratings History
(Data available from 3/24/2016 forward)
Cleveland-Cliffs (NYSE:CLF) Earnings History and Estimates Chart
Cleveland-Cliffs (NYSE CLF) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|1/25/2018||Q4 2017||$0.15||$0.26||$612.50 million||$600.90 million||View||Listen|
|10/20/2017||Q3 2017||$0.30||$0.36||$669.25 million||$698.00 million||View||N/A|
|7/27/2017||Q2 2017||$0.18||$0.26||$485.93 million||$569.30 million||View||N/A|
|4/27/2017||Q1 2017||$0.16||($0.11)||$412.71 million||$461.60 million||View||N/A|
|2/9/2017||Q416||$0.23||$0.42||$662.09 million||$754.00 million||View||Listen|
|10/27/2016||Q316||$0.19||($0.11)||$597.30 million||$553.00 million||View||Listen|
|7/28/2016||Q216||$0.02||$0.07||$482.37 million||$496.00 million||View||Listen|
|4/28/2016||Q116||($0.29)||$0.62||$280.92 million||$306.00 million||View||Listen|
|1/27/2016||Q415||($0.26)||($0.14)||$508.96 million||$470.60 million||View||Listen|
|10/29/2015||Q315||($0.23)||($0.15)||$595.78 million||$593.00 million||View||Listen|
|7/29/2015||Q215||($0.11)||($0.21)||$602.76 million||$498.00 million||View||Listen|
|4/28/2015||Q115||($0.19)||$0.02||$562.50 million||$446.00 million||View||N/A|
|2/2/2015||Q414||$0.15||$1.00||$1.23 billion||$1.30 billion||View||N/A|
|10/27/2014||Q314||$0.05||$0.21||$1.28 billion||$1.30 billion||View||N/A|
|7/23/2014||Q214||($0.08)||($0.01)||$1.18 billion||$1.10 billion||View||N/A|
|4/24/2014||Q114||($0.21)||($0.68)||$982.96 million||$940.00 million||View||N/A|
|2/19/2014||Q413||$0.82||$1.22||$1.45 billion||$1.52 billion||View||N/A|
|10/24/2013||Q313||$0.61||$0.68||$1.44 billion||$1.55 billion||View||N/A|
|7/25/2013||Q2 2013||$0.73||$0.82||$1.43 billion||$1.49 billion||View||N/A|
|4/24/2013||Q1 2013||$0.35||$0.60||$1.19 billion||$1.14 billion||View||N/A|
|2/12/2013||Q4 2012||$0.55||$0.62||$1.53 billion||$1.54 billion||View||N/A|
Cleveland-Cliffs (NYSE:CLF) Earnings Estimates
2018 EPS Consensus Estimate: $1.42
2019 EPS Consensus Estimate: $1.12
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Cleveland-Cliffs (NYSE:CLF) Dividend Information
|Most Recent Dividend:||12/1/2014|
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||0.00% (Trailing 12 Months of Earnings) |
0.00% (Based on This Year's Estimates)
0.00% (Based on Next Year's Estimates)
Cleveland-Cliffs (NYSE:CLF) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Cleveland-Cliffs (NYSE CLF) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.89%
Institutional Ownership Percentage: 60.68%
Cleveland-Cliffs (NYSE CLF) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|3/6/2018||Susan Miranda Green||Director||Sell||11,305||$7.62||$86,144.10||60,367|| |
|9/15/2017||Lourenco Goncalves||Chairman||Buy||100,000||$7.11||$711,000.00||3,586,970|| |
|8/10/2017||Lourenco Goncalves||Chairman||Buy||100,000||$7.19||$719,000.00||3,486,970|| |
|5/3/2017||John T Baldwin||Director||Buy||6,000||$6.32||$37,920.00||87,991|| |
|5/3/2017||Lourenco Goncalves||Chairman||Buy||200,000||$6.31||$1,262,000.00||2,855,296|| |
|5/2/2017||Douglas C Taylor||Director||Buy||3,750||$6.61||$24,787.50||88,650|| |
|5/1/2017||Eric M Rychel||Director||Buy||3,000||$6.55||$19,650.00||14,845|| |
|4/28/2017||Joseph A Rutkowski||Director||Buy||2,500||$6.77||$16,925.00||84,567|| |
|11/3/2016||Robert P Fisher Jr||Director||Buy||4,000||$5.66||$22,640.00||58,663|| |
|11/2/2016||Eric M Rychel||Director||Buy||5,000||$5.55||$27,750.00||11,845|| |
|11/1/2016||Susan Miranda Green||Director||Buy||1,770||$5.65||$10,000.50||57,841|| |
|10/31/2016||John T Baldwin||Director||Buy||10,000||$5.49||$54,900.00||68,160|| |
|10/28/2016||Joseph A Rutkowski||Director||Buy||6,000||$5.32||$31,920.00||68,236|| |
|5/9/2016||Lourenco Goncalves||CEO||Buy||100,000||$3.04||$304,000.00||2,475,044|| |
|5/6/2016||Douglas C Taylor||Director||Sell||7,231,520||$3.81||$27,552,091.20|| |
|11/6/2015||Douglas C Taylor||Director||Sell||675,000||$3.15||$2,126,250.00|| |
|11/4/2015||James S Sawyer||Director||Buy||25,000||$3.07||$76,750.00||34,682|| |
|5/26/2015||Michael D Siegal||Director||Buy||9,500||$5.20||$49,400.00|| |
|3/4/2015||Lourenco Goncalves||CEO||Buy||100,000||$6.50||$650,000.00|| |
|3/2/2015||Michael D Siegal||Director||Buy||7,200||$6.81||$49,032.00|| |
|2/5/2015||Joseph A Rutkowski||Director||Buy||8,000||$6.35||$50,800.00|| |
|10/29/2014||John T Baldwin||Director||Buy||9,800||$10.18||$99,764.00|| |
|9/12/2014||John T Baldwin||Director||Buy||3,000||$14.26||$42,780.00|| |
|9/11/2014||Douglas C Taylor||Director||Buy||7,200||$13.95||$100,440.00|| |
|9/8/2014||Gabriel Stoliar||Director||Buy||7,246||$13.76||$99,704.96|| |
|8/21/2014||Robert P Fisher Jr||Director||Buy||6,000||$16.46||$98,760.00|| |
|11/5/2013||Andres Gluski||Director||Buy||1,040||$28.33||$29,463.20||12,049|| |
|11/1/2013||Joseph A Carrabba||CEO||Sell||50,000||$26.94||$1,347,000.00|| |
|10/30/2013||Donald J Gallagher||EVP||Sell||13,640||$25.11||$342,500.40|| |
|8/16/2013||David Blake||SVP||Sell||3,000||$23.03||$69,090.00||28,375|| |
|3/11/2013||Steven M Raguz||EVP||Sell||4,000||$24.01||$96,040.00|| |
|3/11/2013||Terrance M Paradie||CFO||Sell||3,700||$24.04||$88,948.00|| |
Cleveland-Cliffs (NYSE CLF) News Headlines
Cleveland-Cliffs (NYSE:CLF) SEC Filings
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Cleveland-Cliffs (NYSE:CLF) Income Statement, Balance Sheet and Cash Flow Statement
Cleveland-Cliffs (NYSE CLF) Stock Chart for Saturday, March, 24, 2018