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

$8.52
+0.38 (+4.67 %)
(As of 12/9/2019 01:33 PM ET)
Today's Range
$8.11
Now: $8.52
$8.58
50-Day Range
$6.86
MA: $7.50
$8.28
52-Week Range
$6.59
Now: $8.52
$12.26
Volume445,285 shs
Average Volume10.98 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 paid 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 2.81%. 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 has authorized a stock repurchase plan on Monday, November 26th 2018, which permits the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase up to 7.7% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its shares are undervalued.

How were Cleveland-Cliffs' earnings last quarter?

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

What price target have analysts set for CLF?

9 brokers have issued 12-month price targets for Cleveland-Cliffs' stock. Their forecasts range from $8.00 to $13.00. On average, they anticipate Cleveland-Cliffs' stock price to reach $10.63 in the next twelve months. This suggests a possible upside of 24.3% 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?

News articles about CLF stock have been trending somewhat negative this week, InfoTrie Sentiment reports. The research firm scores the sentiment of press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Cleveland-Cliffs earned a media sentiment score of -1.7 on InfoTrie's scale. They also gave media headlines about the mining company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the near term. 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 presently 8.8 days. Currently, 43.1% 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 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 acquired 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 $8.55.

How big of a company is Cleveland-Cliffs?

Cleveland-Cliffs has a market capitalization of $2.31 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 12/9/2019 by MarketBeat.com Staff

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