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Cleveland-Cliffs Stock Price, Forecast & Analysis (NYSE:CLF)

$7.47
+0.11 (+1.49 %)
(As of 11/21/2019 02:45 PM ET)
Today's Range
$7.27
Now: $7.47
$7.50
50-Day Range
$6.80
MA: $7.29
$7.63
52-Week Range
$6.59
Now: $7.47
$12.26
Volume4.37 million shs
Average Volume10.83 million shs
Market Capitalization$2.02 billion
P/E Ratio3.51
Dividend Yield3.22%
Beta2.03
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$2.58 per share
Book Value$1.42 per share

Profitability

Net Income$1.13 billion

Miscellaneous

Employees2,926
Market Cap$2.02 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 declared a quarterly dividend on Tuesday, September 3rd. Stockholders of record on Friday, October 4th will be given a dividend of $0.06 per share on Tuesday, October 15th. This represents a $0.24 annualized dividend and a dividend yield of 3.21%. The ex-dividend date of this dividend is Thursday, October 3rd. 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 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 stock through open market purchases. Stock buyback plans are typically an indication that the company's management believes its stock is undervalued.

How were Cleveland-Cliffs' earnings last quarter?

Cleveland-Cliffs Inc (NYSE:CLF) released its earnings results on Wednesday, October, 23rd. The mining company reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm's revenue was down 25.1% on a year-over-year basis. During the same period last 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 brokerages have issued 1-year price targets for Cleveland-Cliffs' shares. Their forecasts range from $8.00 to $13.00. On average, they expect Cleveland-Cliffs' share price to reach $10.63 in the next twelve months. This suggests a possible upside of 42.2% 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?

Press coverage about CLF stock has been trending positive this week, according to InfoTrie. The research group scores the sentiment of media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Cleveland-Cliffs earned a media sentiment score of 3.0 on InfoTrie's scale. They also assigned press coverage about the mining company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock'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 company's shares 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), Transocean (RIG), General Electric (GE), United States Steel (X) and Intel (INTC).

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 a variety of of institutional and retail investors. Top institutional shareholders include Fisher Asset Management LLC (5.04%), Hennessy Advisors Inc. (0.53%), California Public Employees Retirement System (0.40%), SFE Investment Counsel (0.34%), General American Investors Co. Inc. (0.32%) and Foundry Partners LLC (0.30%). 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 Hennessy Advisors Inc., First Trust Advisors LP, Cerity Partners LLC, Janney Montgomery Scott LLC, Griffin Asset Management Inc., Great West Life Assurance Co. Can, CWM LLC and Congress Asset Management Co. MA. View Insider Buying and Selling for Cleveland-Cliffs.

Which institutional 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, 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 $7.47.

How big of a company is Cleveland-Cliffs?

Cleveland-Cliffs has a market capitalization of $2.02 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:  617 (Vote Outperform)
Underperform Votes:  1,039 (Vote Underperform)
Total Votes:  1,656
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 11/21/2019 by MarketBeat.com Staff

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