About Cliffs Natural Resources (NYSE:CLF)
Cleveland-Cliffs Inc, formerly Cliffs Natural Resources Inc., is a mining and natural resources company. The Company is a supplier of iron ore pellets to the North American steel industry from its mines and pellet plants located in Michigan and Minnesota. The Company's segments include U.S. Iron Ore and Asia Pacific Iron Ore. The Company is a producer of iron ore pellets, primarily selling production from U.S. Iron Ore to integrated steel companies in the United States, Canada and Mexico. Its Asia Pacific Iron Ore operations are located in Western Australia and consist of its Koolyanobbing operation. The Koolyanobbing operations serve the Asian iron ore markets with direct-shipped fines and lump ore. In addition, the Company operates an iron ore mining complex in Western Australia. In the United States, the Company owned four operational iron ore mines and one indefinitely idled mine.
Industry, Sector and Symbol:
- Market Cap: $2.21 billion
- Outstanding Shares: 296,506,000
- 50 Day Moving Avg: $7.40
- 200 Day Moving Avg: $7.06
- 52 Week Range: $4.91 - $12.37
Sales & Book Value:
- Trailing P/E Ratio: 34.13
- Foreward P/E Ratio: 8.65
- P/E Growth: -0.22
- Annual Revenue: $2.34 billion
- Price / Sales: 0.94
- Book Value: ($2.66) per share
- Price / Book: -2.80
- EBITDA: $480.5 million
- Net Margins: 2.44%
- Return on Equity: -13.83%
- Return on Assets: 7.41%
- Debt-to-Equity Ratio: -2.42%
- Current Ratio: 2.20%
- Quick Ratio: 1.30%
- Average Volume: 10.37 million shs.
- Beta: 1.65
- Short Ratio: 3.1
Frequently Asked Questions for Cliffs Natural Resources (NYSE:CLF)
What is Cliffs Natural Resources' stock symbol?
Cliffs Natural Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "CLF."
How were Cliffs Natural Resources' earnings last quarter?
Cliffs Natural Resources Inc. (NYSE:CLF) posted its quarterly earnings results on Thursday, July, 27th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.18 by $0.08. The firm had revenue of $569.30 million for the quarter, compared to analyst estimates of $485.93 million. Cliffs Natural Resources had a net margin of 2.44% and a negative return on equity of 13.83%. The firm's quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.07 earnings per share. View Cliffs Natural Resources' Earnings History.
When will Cliffs Natural Resources make its next earnings announcement?
Where is Cliffs Natural Resources' stock going? Where will Cliffs Natural Resources' stock price be in 2017?
8 brokers have issued 12-month price objectives for Cliffs Natural Resources' stock. Their forecasts range from $6.00 to $13.00. On average, they expect Cliffs Natural Resources' share price to reach $9.00 in the next twelve months. View Analyst Ratings for Cliffs Natural Resources.
What are analysts saying about Cliffs Natural Resources stock?
Here are some recent quotes from research analysts about Cliffs Natural Resources stock:
- 1. According to Zacks Investment Research, "Cleveland-Cliffs remains focused on de-leveraging its balance sheet. It should also gain from major supply deals and an expected rise in steel demand in the United States. Cleveland-Cliffs is also committed to increasing shareholder returns through dividends and share buybacks. However, Cleveland-Cliffs is faced with a challenging operating environment and pricing headwinds. The company has also cut its profit outlook for 2017 factoring in lower expected iron ore pricing. Demand for iron ore in China also remain soft. The company has also underperformed the industry it belongs to year to date." (10/3/2017)
- 2. FBR & Co analysts commented, "In June, Cleveland-Cliffs announced that it had selected Toledo, Ohio, as the site for its first hot briquetted iron (HBI) facility. We revisit the project economics with updated input prices and provide a sensitivity analysis considering volatile commodity markets. We are also switching our iron ore feedstock cost assumption to market prices (from Cliffs’ production costs previously). At market, we still derive an attractive pretax IRR of 24%, down slightly from ~25% previously on a comparable basis. The modest change is due to a rise in USIO prices, the largest determining factor in HBI’s cost structure. Slightly compensating for the increase in domestic iron ore prices was a gain in scrap metal prices, a signal of an improved HBI market. The scenario analysis bodes well for Cliffs, which we believe backs the company’s claim of a highly attractive growth project." (9/6/2017)
Are investors shorting Cliffs Natural Resources?
Cliffs Natural Resources saw a increase in short interest in September. As of September 29th, there was short interest totalling 36,737,683 shares, an increase of 7.4% from the September 15th total of 34,202,811 shares. Based on an average trading volume of 9,263,305 shares, the short-interest ratio is presently 4.0 days. Approximately 13.2% of the company's shares are sold short.
Who are some of Cliffs Natural Resources' key competitors?
Some companies that are related to Cliffs Natural Resources include National Steel Company (SID), Commercial Metals Company (CMC), Carpenter Technology Corporation (CRS), Grupo Simec SAB de CV (SIM), Mechel PAO (MTL), Gibraltar Industries (ROCK), SunCoke Energy Partners, L.P. (SXCP), SunCoke Energy (SXC), L.B. Foster Company (FSTR), Dynamic Materials Corp. (BOOM), Olympic Steel (ZEUS), Northwest Pipe Company (NWPX), Synalloy Corporation (SYNL) and Bushveld Minerals Limited (BMN).
Who are Cliffs Natural Resources' key executives?
Cliffs Natural Resources' management team includes the folowing people:
- Lourenco Celso Goncalves, Chairman of the Board, President, Chief Executive Officer
- Timothy K. Flanagan, Chief Financial Officer, Executive Vice President, Treasurer
- P. Kelly Tompkins, Chief Operating Officer, Executive Vice President
- Maurice D. Harapiak, Executive Vice President of Human Resources
- James D. Graham, Executive Vice President, Secretary, Chief Legal Officer
- Terry G. Fedor, Executive Vice President - United States Iron Ore
- Terrence R. Mee, Executive Vice President - Global Commercial
- Clifford T. Smith, Executive Vice President - Business Development
- R. Christopher Cebula, Chief Accounting Officer, Vice President, Corporate Controller
- Douglas C. Taylor, Lead Independent Director
How do I buy Cliffs Natural Resources stock?
Shares of Cliffs Natural Resources can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Cliffs Natural Resources' stock price today?
MarketBeat Community Rating for Cliffs Natural Resources (NYSE CLF)MarketBeat's community ratings are surveys of what our community members think about Cliffs Natural Resources and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Cliffs Natural Resources stock can currently be purchased for approximately $7.44.
Consensus Ratings for Cliffs Natural Resources (NYSE:CLF) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Sell Ratings, 3 Hold Ratings, 3 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.13)|
|Consensus Price Target: ||$9.00 (20.97% upside)|Consensus Price Target History for Cliffs Natural Resources (NYSE:CLF)
Analysts' Ratings History for Cliffs Natural Resources (NYSE:CLF)
(Data available from 10/20/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/17/2017||Cowen and Company||Set Price Target||Hold||$7.00||N/A|
|10/2/2017||FBR & Co||Set Price Target||Buy||$10.00||Low|
|9/18/2017||Jefferies Group LLC||Reiterated Rating||Buy||Low|
|7/27/2017||Clarkson Capital||Reiterated Rating||Neutral||Medium|
|7/31/2017||Axiom Securities||Reiterated Rating||Sell||High|
|3/27/2017||J P Morgan Chase & Co||Boost Price Target||Overweight||$12.00 -> $13.00||High|
|1/13/2017||Credit Suisse Group||Reiterated Rating||Underperform||$6.00||N/A|
|9/28/2016||Morgan Stanley||Reiterated Rating||Sell||$3.00||N/A|
|8/29/2016||Macquarie||Lower Price Target||Outperform||$11.00 -> $10.00||N/A|
|3/17/2016||Bank of America Corporation||Reiterated Rating||Underperform||N/A|
|2/5/2016||Deutsche Bank AG||Lower Price Target||Sell||$1.50 -> $1.00||N/A|
Earnings History for Cliffs Natural Resources (NYSE:CLF)Earnings History by Quarter for Cliffs Natural Resources (NYSE CLF)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/27/2017||Q2 2017||$0.18||$0.26||$485.93 million||$569.30 million||View||N/A|
|4/27/2017||Q1 2017||$0.16||($0.11)||$412.71 million||$461.60 million||View||N/A|
|2/9/2017||Q416||$0.23||$0.42||$662.09 million||$754.00 million||View||Listen|
|10/27/2016||Q316||$0.19||($0.11)||$597.30 million||$553.00 million||View||Listen|
|7/28/2016||Q216||$0.02||$0.07||$482.37 million||$496.00 million||View||Listen|
|4/28/2016||Q116||($0.29)||$0.62||$280.92 million||$306.00 million||View||Listen|
|1/27/2016||Q415||($0.26)||($0.14)||$508.96 million||$470.60 million||View||Listen|
|10/29/2015||Q315||($0.23)||($0.15)||$595.78 million||$593.00 million||View||Listen|
|7/29/2015||Q215||($0.11)||($0.21)||$602.76 million||$498.00 million||View||Listen|
|4/28/2015||Q115||($0.19)||$0.02||$562.50 million||$446.00 million||View||N/A|
|2/2/2015||Q414||$0.15||$1.00||$1.23 billion||$1.30 billion||View||N/A|
|10/27/2014||Q314||$0.05||$0.21||$1.28 billion||$1.30 billion||View||N/A|
|7/23/2014||Q214||($0.08)||($0.01)||$1.18 billion||$1.10 billion||View||N/A|
|4/24/2014||Q114||($0.21)||($0.68)||$982.96 million||$940.00 million||View||N/A|
|2/19/2014||Q413||$0.82||$1.22||$1.45 billion||$1.52 billion||View||N/A|
|10/24/2013||Q313||$0.61||$0.68||$1.44 billion||$1.55 billion||View||N/A|
|7/25/2013||Q2 2013||$0.73||$0.82||$1.43 billion||$1.49 billion||View||N/A|
|4/24/2013||Q1 2013||$0.35||$0.60||$1.19 billion||$1.14 billion||View||N/A|
|2/12/2013||Q4 2012||$0.55||$0.62||$1.53 billion||$1.54 billion||View||N/A|
Earnings Estimates for Cliffs Natural Resources (NYSE:CLF)
2017 EPS Consensus Estimate: $0.95
2018 EPS Consensus Estimate: $0.90
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Cliffs Natural Resources (NYSE:CLF)
|Most Recent Dividend:||12/1/2014|
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||0.00% (Trailing 12 Months of Earnings) |
0.00% (Based on This Year's Estimates)
0.00% (Based on Next Year's Estimates)
Dividend History by Quarter for Cliffs Natural Resources (NYSE CLF)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Cliffs Natural Resources (NYSE:CLF)
Insider Ownership Percentage: 0.46%Insider Trades by Quarter for Cliffs Natural Resources (NYSE:CLF)
Institutional Ownership Percentage: 58.28%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|9/15/2017||Lourenco Goncalves||Chairman||Buy||100,000||$7.11||$711,000.00|| |
|8/10/2017||Lourenco Goncalves||Chairman||Buy||100,000||$7.19||$719,000.00|| |
|5/3/2017||John T Baldwin||Director||Buy||6,000||$6.32||$37,920.00|| |
|5/3/2017||Lourenco Goncalves||Chairman||Buy||200,000||$6.31||$1,262,000.00|| |
|5/2/2017||Douglas C Taylor||Director||Buy||3,750||$6.61||$24,787.50|| |
|5/1/2017||Eric M Rychel||Director||Buy||3,000||$6.55||$19,650.00|| |
|4/28/2017||Joseph A Rutkowski||Director||Buy||2,500||$6.77||$16,925.00|| |
|11/3/2016||Robert P Fisher Jr||Director||Buy||4,000||$5.66||$22,640.00|| |
|11/2/2016||Eric M Rychel||Director||Buy||5,000||$5.55||$27,750.00|| |
|11/1/2016||Susan Miranda Green||Director||Buy||1,770||$5.65||$10,000.50|| |
|10/31/2016||John T Baldwin||Director||Buy||10,000||$5.49||$54,900.00|| |
|10/28/2016||Joseph A Rutkowski||Director||Buy||6,000||$5.32||$31,920.00|| |
|5/9/2016||Lourenco Goncalves||CEO||Buy||100,000||$3.04||$304,000.00|| |
|5/6/2016||Douglas C Taylor||Director||Sell||7,231,520||$3.81||$27,552,091.20|| |
|11/6/2015||Douglas C Taylor||Director||Sell||675,000||$3.15||$2,126,250.00|| |
|11/4/2015||James S Sawyer||Director||Buy||25,000||$3.07||$76,750.00|| |
|5/26/2015||Michael D Siegal||Director||Buy||9,500||$5.20||$49,400.00|| |
|3/4/2015||Lourenco Goncalves||CEO||Buy||100,000||$6.50||$650,000.00|| |
|3/2/2015||Michael D Siegal||Director||Buy||7,200||$6.81||$49,032.00|| |
|2/5/2015||Joseph A Rutkowski||Director||Buy||8,000||$6.35||$50,800.00|| |
|10/29/2014||John T Baldwin||Director||Buy||9,800||$10.18||$99,764.00|| |
|9/12/2014||John T Baldwin||Director||Buy||3,000||$14.26||$42,780.00|| |
|9/11/2014||Douglas C Taylor||Director||Buy||7,200||$13.95||$100,440.00|| |
|9/8/2014||Gabriel Stoliar||Director||Buy||7,246||$13.76||$99,704.96|| |
|8/21/2014||Robert P Fisher Jr||Director||Buy||6,000||$16.46||$98,760.00|| |
|11/5/2013||Andres Gluski||Director||Buy||1,040||$28.33||$29,463.20|| |
|11/1/2013||Joseph A Carrabba||CEO||Sell||50,000||$26.94||$1,347,000.00|| |
|10/30/2013||Donald J Gallagher||EVP||Sell||13,640||$25.11||$342,500.40|| |
|8/16/2013||David Blake||SVP||Sell||3,000||$23.03||$69,090.00|| |
|3/11/2013||Steven M Raguz||EVP||Sell||4,000||$24.01||$96,040.00|| |
|3/11/2013||Terrance M Paradie||CFO||Sell||3,700||$24.04||$88,948.00|| |
Headline Trends for Cliffs Natural Resources (NYSE:CLF)
Latest Headlines for Cliffs Natural Resources (NYSE:CLF)
Cliffs Natural Resources (CLF) Chart for Friday, October, 20, 2017