NYSE:CLF - Cleveland-Cliffs Stock Price, Price Target & More

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$8.67 +0.18 (+2.12 %)
(As of 06/20/2018 04:00 PM ET)
Previous Close$8.67
Today's Range$8.48 - $8.70
52-Week Range$5.60 - $9.15
Volume5.68 million shs
Average Volume12.12 million shs
Market Capitalization$2.59 billion
P/E Ratio17.34
Dividend YieldN/A
Beta1.67
Cleveland-Cliffs logoCleveland-Cliffs Inc. operates as an iron ore mining company in the United States. The company operates four iron ore mines in Michigan and Minnesota; and Koolyanobbing iron ore mining complex located in Western Australia. 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
SymbolNYSE:CLF
CUSIP18683K10
Phone216-694-5700

Debt

Debt-to-Equity Ratio-4.76
Current Ratio3.32
Quick Ratio2.37

Price-To-Earnings

Trailing P/E Ratio17.34
Forward P/E Ratio5.45
P/E GrowthN/A

Sales & Book Value

Annual Sales$2.33 billion
Price / Sales1.11
Cash Flow$0.7932 per share
Price / Cash10.93
Book Value($1.50) per share
Price / Book-5.78

Profitability

EPS (Most Recent Fiscal Year)$0.50
Net Income$367 million
Net Margins15.12%
Return on Equity-40.15%
Return on Assets9.98%

Miscellaneous

Employees2,938
Outstanding Shares297,730,000

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 were Cleveland-Cliffs' earnings last quarter?

Cleveland-Cliffs Inc (NYSE:CLF) released its quarterly earnings data on Friday, April, 20th. The mining company reported ($0.08) earnings per share for the quarter, beating analysts' consensus estimates of ($0.21) by $0.13. The mining company had revenue of $239 million for the quarter, compared to analyst estimates of $177.93 million. Cleveland-Cliffs had a net margin of 15.12% and a negative return on equity of 40.15%. The business's quarterly revenue was down 48.2% compared to the same quarter last year. During the same period last year, the firm earned $0.16 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 Thursday, July, 26th 2018. View Earnings Estimates for Cleveland-Cliffs.

What price target have analysts set for CLF?

14 Wall Street analysts have issued 1 year price targets for Cleveland-Cliffs' stock. Their forecasts range from $7.50 to $12.00. On average, they expect Cleveland-Cliffs' share price to reach $9.80 in the next year. View Analyst Ratings for Cleveland-Cliffs.

Are investors shorting Cleveland-Cliffs?

Cleveland-Cliffs saw a drop in short interest in May. As of May 15th, there was short interest totalling 36,654,782 shares, a drop of 11.1% from the April 30th total of 41,234,877 shares. Based on an average trading volume of 9,097,731 shares, the days-to-cover ratio is currently 4.0 days. Currently, 13.1% of the shares of the company are short sold. View Cleveland-Cliffs' Current Options Chain.

Who are some of Cleveland-Cliffs' key competitors?

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)

Has Cleveland-Cliffs been receiving favorable news coverage?

Press coverage about CLF stock has been trending somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cleveland-Cliffs earned a media sentiment score of 0.02 on Accern's scale. They also gave news stories about the mining company an impact score of 46.60 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the near term.

Who are Cleveland-Cliffs' major shareholders?

Cleveland-Cliffs' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Millennium Management LLC (2.80%), Dimensional Fund Advisors LP (2.18%), Northern Trust Corp (1.18%), Neuberger Berman Group LLC (1.17%), Key Square Capital Management LLC (0.74%) and Schwab Charles Investment Management Inc. (0.62%). Company insiders that own Cleveland-Cliffs stock include Douglas C Taylor, Eric M Rychel, John T Baldwin, Joseph A Rutkowski, Lourenco Goncalves, 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 Gendell Jeffrey L, Chicago Equity Partners LLC, American Century Companies Inc., California Public Employees Retirement System, Neuberger Berman Group LLC, Prudential Financial Inc., Legal & General Group Plc and Cetera Advisors LLC. 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 Millennium Management LLC, Key Square Capital Management LLC, Hodges Capital Management Inc., Royal Bank of Canada, Great Lakes Advisors LLC, Commerzbank Aktiengesellschaft FI, Schwab Charles Investment Management Inc. and Freestone Capital Holdings LLC. 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, Lourenco Goncalves, Robert P Fisher Jr and Susan Miranda Green. 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 $8.67.

How big of a company is Cleveland-Cliffs?

Cleveland-Cliffs has a market capitalization of $2.59 billion and generates $2.33 billion in revenue each year. The mining company earns $367 million in net income (profit) each year or $0.50 on an earnings per share basis. Cleveland-Cliffs employs 2,938 workers across the globe.

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 (CLF)

Community Ranking:  1.8 out of 5 (star)
Outperform Votes:  488 (Vote Outperform)
Underperform Votes:  892 (Vote Underperform)
Total Votes:  1,380
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 6/20/2018 by MarketBeat.com Staff

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