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

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$9.30 -0.55 (-5.58 %)
(As of 03/25/2019 08:00 AM ET)
Previous Close$9.85
Today's Range$9.30 - $9.83
52-Week Range$6.40 - $13.10
Volume9.72 million shs
Average Volume9.93 million shs
Market Capitalization$2.70 billion
P/E Ratio4.37
Dividend Yield2.15%
Beta1.84
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$2.4734 per share
Book Value$1.42 per share

Profitability

Net Income$1.13 billion

Miscellaneous

Employees2,926
Market Cap$2.70 billion
Next Earnings Date4/19/2019 (Estimated)
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 declared a quarterly dividend on Thursday, February 21st. Shareholders of record on Friday, April 5th will be given a dividend of $0.05 per share on Monday, April 15th. This represents a $0.20 annualized dividend and a yield of 2.15%. The ex-dividend date is Thursday, April 4th. View Cleveland-Cliffs' Dividend History.

How will Cleveland-Cliffs' stock buyback program work?

Cleveland-Cliffs declared that its Board of Directors has authorized a share buyback plan on Monday, November 26th 2018, which allows the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 7.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its shares are undervalued.

How were Cleveland-Cliffs' earnings last quarter?

Cleveland-Cliffs Inc (NYSE:CLF) issued its quarterly earnings results on Friday, February, 8th. The mining company reported $0.55 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.57 by $0.02. The mining company earned $696.30 million during the quarter, compared to analysts' expectations 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 for the quarter was up 36.0% on a year-over-year basis. During the same period last year, the company posted $1.07 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, April 19th 2019. View Earnings Estimates for Cleveland-Cliffs.

What price target have analysts set for CLF?

11 brokerages have issued 12-month target prices for Cleveland-Cliffs' shares. Their forecasts range from $5.00 to $17.00. On average, they anticipate Cleveland-Cliffs' share price to reach $12.2750 in the next year. This suggests a possible upside of 32.0% 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?

News coverage about CLF stock has trended somewhat negative on Monday, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Cleveland-Cliffs earned a news impact score of -1.1 on InfoTrie's scale. They also assigned news stories about the mining company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the near future.

Are investors shorting Cleveland-Cliffs?

Cleveland-Cliffs saw a drop in short interest in February. As of February 28th, there was short interest totalling 52,512,433 shares, a drop of 7.6% from the February 15th total of 56,826,079 shares. Based on an average daily volume of 8,696,319 shares, the short-interest ratio is currently 6.0 days. Approximately 18.3% of the company's stock are short sold. 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 Freeport-McMoRan (FCX), Bank of America (BAC), Advanced Micro Devices (AMD), Micron Technology (MU), General Electric (GE), AK Steel (AKS), Intel (INTC), United States Steel (X), Alibaba Group (BABA) and Rite Aid (RAD).

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 retail and institutional investors. Top institutional investors include Ruffer LLP (6.61%), Fisher Asset Management LLC (3.66%), Dimensional Fund Advisors LP (2.23%), Northern Trust Corp (1.80%), Geode Capital Management LLC (1.08%) and Geode Capital Management LLC (1.08%). 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 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., Creative Planning, Madison Investment Holdings Inc., Prudential Financial Inc., Chicago Equity Partners LLC, South Dakota Investment Council, California Public Employees Retirement System and Northpointe Capital 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 Ruffer LLP, Norges Bank, Fisher Asset Management LLC, Chartwell Investment Partners LLC, Pelham Capital Ltd., Segall Bryant & Hamill LLC, Northern Trust Corp and Hodges Capital 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 $9.30.

How big of a company is Cleveland-Cliffs?

Cleveland-Cliffs has a market capitalization of $2.70 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:  568 (Vote Outperform)
Underperform Votes:  995 (Vote Underperform)
Total Votes:  1,563
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 3/25/2019 by MarketBeat.com Staff

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