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

$8.51
+0.37 (+4.55 %)
(As of 12/10/2019 04:01 AM ET)
Today's Range
$8.10
Now: $8.51
$8.59
50-Day Range
$6.86
MA: $7.58
$8.54
52-Week Range
$6.59
Now: $8.51
$12.26
Volume14.67 million shs
Average Volume11.02 million shs
Market Capitalization$2.30 billion
P/E Ratio4.00
Dividend Yield2.95%
Beta2.1
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. Read More…

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$2.59 per share
Book Value$1.42 per share

Profitability

Net Income$1.13 billion

Miscellaneous

Employees2,926
Market Cap$2.30 billion
Next Earnings Date2/14/2020 (Estimated)
OptionableOptionable

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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 Monday, December 2nd. Shareholders of record on Friday, January 3rd will be given a dividend of $0.06 per share on Wednesday, January 15th. This represents a $0.24 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date is Thursday, January 2nd. View Cleveland-Cliffs' Dividend History.

How will Cleveland-Cliffs' stock buyback program work?

Cleveland-Cliffs announced that its Board of Directors has approved a stock repurchase program on Monday, November 26th 2018, which permits the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to buy up to 7.7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its shares are undervalued.

How were Cleveland-Cliffs' earnings last quarter?

Cleveland-Cliffs Inc (NYSE:CLF) posted its quarterly earnings data on Wednesday, October, 23rd. The mining company reported $0.33 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.24 by $0.09. The mining company had revenue of $555.60 million for the quarter, compared to analyst estimates of $544.88 million. Cleveland-Cliffs had a net margin of 38.99% and a return on equity of 125.91%. The business's revenue was down 25.1% on a year-over-year basis. During the same quarter last year, the company earned $1.41 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, February 14th 2020. View Earnings Estimates for Cleveland-Cliffs.

What price target have analysts set for CLF?

9 analysts have issued 1 year price targets for Cleveland-Cliffs' stock. Their forecasts range from $8.00 to $13.00. On average, they expect Cleveland-Cliffs' stock price to reach $10.63 in the next twelve months. This suggests a possible upside of 24.9% from the stock's current price. View Analyst Price Targets for Cleveland-Cliffs.

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

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cleveland-Cliffs in the last year. There are currently 4 hold ratings and 5 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 trended very negative on Tuesday, InfoTrie reports. The research firm ranks the sentiment of media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Cleveland-Cliffs earned a daily sentiment score of -3.0 on InfoTrie's scale. They also assigned media stories about the mining company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near future. View News Stories for Cleveland-Cliffs.

Are investors shorting Cleveland-Cliffs?

Cleveland-Cliffs saw a increase in short interest in the month of October. As of October 15th, there was short interest totalling 113,670,000 shares, an increase of 18.6% from the September 15th total of 95,840,000 shares. Based on an average trading volume of 12,990,000 shares, the days-to-cover ratio is currently 8.8 days. Approximately 43.1% of the shares of the company 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 Bank of America (BAC), Rite Aid (RAD), Freeport-McMoRan (FCX), Advanced Micro Devices (AMD), Micron Technology (MU), AK Steel (AKS), Intel (INTC), General Electric (GE), Transocean (RIG) and Ford Motor (F).

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 institutional and retail investors. Top institutional shareholders include Fisher Asset Management LLC (5.04%), State Street Corp (2.98%), Hennessy Advisors Inc. (0.53%), California Public Employees Retirement System (0.40%), SFE Investment Counsel (0.34%) and General American Investors Co. Inc. (0.32%). Company insiders that own Cleveland-Cliffs stock include Eric M Rychel, John T Baldwin, Keith Koci, Lourenco Goncalves, Michael D Siegal, 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 State Street Corp, Hennessy Advisors Inc., Millennium Management LLC, Man Group plc, First Trust Advisors LP, Cerity Partners LLC, Janney Montgomery Scott LLC and Griffin Asset Management Inc.. View Insider Buying and Selling for Cleveland-Cliffs.

Which institutional investors are buying Cleveland-Cliffs stock?

CLF stock was purchased by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC, Foundry Partners LLC, Creative Planning, SFE Investment Counsel, State of New Jersey Common Pension Fund D, California Public Employees Retirement System, Commonwealth Equity Services LLC and Oxbow Advisors LLC. Company insiders that have bought Cleveland-Cliffs stock in the last two years include Eric M Rychel, John T Baldwin, Keith Koci, Lourenco Goncalves, Michael D Siegal and Robert P Fisher Jr. 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, Robinhood, Fidelity and Charles Schwab.

What is Cleveland-Cliffs' stock price today?

One share of CLF stock can currently be purchased for approximately $8.51.

How big of a company is Cleveland-Cliffs?

Cleveland-Cliffs has a market capitalization of $2.30 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.View Additional Information About Cleveland-Cliffs.

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:  1.9 out of 5 (star)
Outperform Votes:  619 (Vote Outperform)
Underperform Votes:  1,043 (Vote Underperform)
Total Votes:  1,662
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 12/10/2019 by MarketBeat.com Staff

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