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NYSE:CLFCleveland-Cliffs Stock Price, Forecast & News

$5.48
-0.08 (-1.44 %)
(As of 08/7/2020 04:00 PM ET)
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Today's Range
$5.33
Now: $5.48
$5.50
50-Day Range
$4.99
MA: $5.57
$6.02
52-Week Range
$2.63
Now: $5.48
$9.02
Volume8.92 million shs
Average Volume10.49 million shs
Market Capitalization$2.19 billion
P/E Ratio78.29
Dividend YieldN/A
Beta1.92
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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Beat the Market (BTM) Rank

Analyst Opinion: 3.2Community Rank: 1.9Dividend Strength: 0.8Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.52 out of 5 stars


Industry, Sector and Symbol

Industry Metal mining
Sub-IndustrySteel
CUSIP18683K10
Phone216-694-5700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.99 billion
Cash Flow$1.47 per share
Book Value$2.80 per share

Profitability

Net Income$292.80 million

Miscellaneous

Employees2,372
Market Cap$2.19 billion
Next Earnings Date10/28/2020 (Estimated)
OptionableOptionable
$5.48
-0.08 (-1.44 %)
(As of 08/7/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Cleveland-Cliffs (NYSE:CLF) Frequently Asked Questions

How has Cleveland-Cliffs' stock been impacted by COVID-19 (Coronavirus)?

Cleveland-Cliffs' stock was trading at $4.49 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CLF shares have increased by 22.0% and is now trading at $5.48.
View which stocks have been most impacted by Coronavirus
.

Do Wall Street analysts recommend investors buy shares of Cleveland-Cliffs?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cleveland-Cliffs in the last year. There are currently 6 hold ratings, 2 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Cleveland-Cliffs
.

When is Cleveland-Cliffs' next earnings date?

Cleveland-Cliffs is scheduled to release its next quarterly earnings announcement on Wednesday, October 28th 2020.
View our earnings forecast for Cleveland-Cliffs
.

How were Cleveland-Cliffs' earnings last quarter?

Cleveland-Cliffs Inc (NYSE:CLF) issued its quarterly earnings data on Thursday, July, 30th. The mining company reported ($0.31) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.51) by $0.20. The mining company earned $1.09 billion during the quarter, compared to analyst estimates of $1.07 billion. Cleveland-Cliffs had a negative net margin of 0.86% and a positive return on equity of 6.53%.
View Cleveland-Cliffs' earnings history
.

How often does Cleveland-Cliffs pay dividends? What is the dividend yield for Cleveland-Cliffs?

Cleveland-Cliffs announced a quarterly dividend on Tuesday, February 18th. Shareholders of record on Friday, April 3rd will be given a dividend of $0.06 per share on Wednesday, April 15th. This represents a $0.24 dividend on an annualized basis and a yield of 4.38%. The ex-dividend date is Thursday, April 2nd.
View Cleveland-Cliffs' dividend history
.

How will Cleveland-Cliffs' stock buyback program work?

Cleveland-Cliffs announced that its board has approved a stock buyback program on Monday, November 26th 2018, which allows the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 7.7% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board of directors believes its stock is undervalued.

What price target have analysts set for CLF?

9 brokers have issued 12-month target prices for Cleveland-Cliffs' stock. Their forecasts range from $4.00 to $12.00. On average, they anticipate Cleveland-Cliffs' stock price to reach $8.89 in the next twelve months. This suggests a possible upside of 62.2% from the stock's current price.
View analysts' price targets for Cleveland-Cliffs
.

Has Cleveland-Cliffs been receiving favorable news coverage?

Press coverage about CLF stock has trended very positive on Saturday, according to InfoTrie. The research firm identifies positive and negative news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Cleveland-Cliffs earned a news impact score of 4.0 on InfoTrie's scale. They also gave news stories about the mining company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the immediate future.
View the latest news about Cleveland-Cliffs
.

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), Freeport-McMoRan (FCX), Rite Aid (RAD), Advanced Micro Devices (AMD), Micron Technology (MU), AK Steel (AKS), General Electric (GE), Ford Motor (F), Intel (INTC) and Transocean (RIG).

Who are Cleveland-Cliffs' key executives?

Cleveland-Cliffs' management team includes the following 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)

What is Cleveland-Cliffs' stock symbol?

Cleveland-Cliffs trades on the New York Stock Exchange (NYSE) under the ticker symbol "CLF."

Who are Cleveland-Cliffs' major shareholders?

Cleveland-Cliffs' stock is owned by many different institutional and retail investors. Top institutional shareholders include Fisher Asset Management LLC (3.21%), LSV Asset Management (2.31%), Principal Financial Group Inc. (1.44%), Victory Capital Management Inc. (0.73%), UBS Group AG (0.37%) and SFE Investment Counsel (0.32%). Company insiders that own Cleveland-Cliffs stock include Eric M Rychel, John T Baldwin, Keith Koci, Lourenco Goncalves, M Ann Harlan, Michael D Siegal, 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 LSV Asset Management, Hodges Capital Management Inc., Mutual of America Capital Management LLC, Raymond James & Associates, General American Investors Co. Inc., Oregon Public Employees Retirement Fund, 6 Meridian, and New York State Common Retirement Fund.
View insider buying and selling activity 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 Fisher Asset Management LLC, Victory Capital Management Inc., Principal Financial Group Inc., UBS Group AG, Centric Wealth Management, SFE Investment Counsel, Virtu Financial LLC, and SG Americas Securities 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, M Ann Harlan, Michael D Siegal, and Robert P Fisher Jr.
View insider buying and selling activity 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 $5.48.

How big of a company is Cleveland-Cliffs?

Cleveland-Cliffs has a market capitalization of $2.19 billion and generates $1.99 billion in revenue each year. The mining company earns $292.80 million in net income (profit) each year or $1.12 on an earnings per share basis. Cleveland-Cliffs employs 2,372 workers across the globe.

What is Cleveland-Cliffs' official website?

The official website for Cleveland-Cliffs is 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]

This page was last updated on 8/8/2020 by MarketBeat.com Staff

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