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

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$9.23 -0.14 (-1.49 %)
(As of 04/23/2019 08:37 AM ET)
Previous Close$9.37
Today's Range$9.13 - $9.45
52-Week Range$7.08 - $13.10
Volume9.63 million shs
Average Volume10.46 million shs
Market Capitalization$2.68 billion
P/E Ratio4.33
Dividend Yield2.13%
Beta1.81
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. Cleveland-Cliffs Inc. was founded in 1847 and is headquartered in Cleveland, Ohio.

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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$2.4418 per share
Book Value$1.42 per share

Profitability

Net Income$1.13 billion

Miscellaneous

Employees2,926
Market Cap$2.68 billion
Next Earnings Date4/25/2019 (Confirmed)
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 Thursday, February 21st. Investors of record on Friday, April 5th will be paid a dividend of $0.05 per share on Monday, April 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend is Thursday, April 4th. View Cleveland-Cliffs' Dividend History.

How will Cleveland-Cliffs' stock buyback program work?

Cleveland-Cliffs announced that its board has approved a share buyback plan on Monday, November 26th 2018, which allows the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 7.7% of its stock through open market purchases. Stock buyback plans are often a sign that the company's management believes its stock is undervalued.

How were Cleveland-Cliffs' earnings last quarter?

Cleveland-Cliffs Inc (NYSE:CLF) issued its quarterly earnings data on Friday, February, 8th. The mining company reported $0.55 EPS for the quarter, missing analysts' consensus estimates of $0.57 by $0.02. The mining company earned $696.30 million during the quarter, compared to the consensus estimate of $721.52 million. Cleveland-Cliffs had a negative return on equity of 509.82% and a net margin of 47.17%. The firm's revenue was up 36.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.07 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 Thursday, April 25th 2019. View Earnings Estimates for Cleveland-Cliffs.

How can I listen to Cleveland-Cliffs' earnings call?

Cleveland-Cliffs will be holding an earnings conference call on Thursday, April 25th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

What price target have analysts set for CLF?

11 brokers have issued 1-year price objectives for Cleveland-Cliffs' stock. Their forecasts range from $5.00 to $17.00. On average, they expect Cleveland-Cliffs' share price to reach $12.2750 in the next twelve months. This suggests a possible upside of 33.0% from the stock's current price. View Analyst Price Targets for Cleveland-Cliffs.

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

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cleveland-Cliffs in the last year. There are currently 1 sell rating, 3 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?

Media stories about CLF stock have been trending somewhat negative on Tuesday, according to InfoTrie. The research firm scores the sentiment of media 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 positive five, with scores closest to five being the most favorable. Cleveland-Cliffs earned a media sentiment score of -1.6 on InfoTrie's scale. They also assigned media coverage about the mining company a news buzz of 5.0 out of 10, indicating that recent media coverage is somewhat likely to have an impact on the company's share price in the near term.

Are investors shorting Cleveland-Cliffs?

Cleveland-Cliffs saw a increase in short interest during the month of March. As of March 29th, there was short interest totalling 58,663,294 shares, an increase of 2.2% from the March 15th total of 57,378,643 shares. Based on an average trading volume of 9,428,904 shares, the short-interest ratio is presently 6.2 days. Currently, 20.6% 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 Rite Aid (RAD), Bank of America (BAC), Freeport-McMoRan (FCX), Advanced Micro Devices (AMD), Micron Technology (MU), General Electric (GE), AK Steel (AKS), United States Steel (X), Transocean (RIG) and Alibaba Group (BABA).

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 number of of retail and institutional investors. Top institutional investors include Hodges Capital Management Inc. (0.62%), Hennessy Advisors Inc. (0.60%), Foundry Partners LLC (0.15%), Chartwell Investment Partners LLC (0.09%), Verde Servicos Internacionais S.A. (0.02%) and Ipswich Investment Management Co. Inc. (0.02%). Company insiders that own Cleveland-Cliffs stock include Douglas C Taylor, Eric M Rychel, John T Baldwin, Joseph A Rutkowski, Keith Koci, 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 Chartwell Investment Partners LLC, Hodges Capital Management Inc., Hennessy Advisors Inc., Alpha Windward LLC, Regent Investment Management LLC and Ipswich Investment Management Co. Inc.. 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 Verde Servicos Internacionais S.A., Foundry Partners LLC, Quantitative Systematic Strategies LLC, Traynor Capital Management Inc., State of Alaska Department of Revenue, Strs Ohio and Meeder Asset Management Inc.. 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, Keith Koci 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 $9.23.

How big of a company is Cleveland-Cliffs?

Cleveland-Cliffs has a market capitalization of $2.68 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.

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:  570 (Vote Outperform)
Underperform Votes:  998 (Vote Underperform)
Total Votes:  1,568
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 4/23/2019 by MarketBeat.com Staff

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