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NYSE:CLFCleveland-Cliffs Stock Price, Forecast & News

$4.97
+0.29 (+6.20 %)
(As of 05/26/2020 04:00 PM ET)
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Today's Range
$4.82
Now: $4.97
$5.04
50-Day Range
$3.46
MA: $4.22
$4.82
52-Week Range
$2.63
Now: $4.97
$11.61
Volume13.30 million shs
Average Volume13.25 million shs
Market Capitalization$1.98 billion
P/E Ratio5.23
Dividend Yield5.13%
Beta1.95
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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Cleveland-Cliffs logo

Beat the Market (BTM) Rank

Analyst Opinion: 4.2Community Rank: 1.9Dividend Strength: 3.3Insider Behavior: 4.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

3.07 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.99 billion
Cash Flow$1.58 per share
Book Value$1.33 per share

Profitability

Net Income$292.80 million

Miscellaneous

Employees2,372
Market Cap$1.98 billion
Next Earnings Date7/17/2020 (Estimated)
OptionableOptionable

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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 COVID-19 reached pandemic status according to the World Health Organization. Since then, CLF stock has increased by 10.5% and is now trading at $4.96. 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 Friday, July 17th 2020. View our earnings forecast for Cleveland-Cliffs.

How were Cleveland-Cliffs' earnings last quarter?

Cleveland-Cliffs Inc (NYSE:CLF) announced its quarterly earnings results on Monday, May, 11th. The mining company reported ($0.18) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.18). The mining company earned $324.50 million during the quarter, compared to analysts' expectations of $366.23 million. Cleveland-Cliffs had a net margin of 11.99% and a return on equity of 63.19%. The company's quarterly revenue was up 106.7% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.08) earnings per share. 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 paid a dividend of $0.06 per share on Wednesday, April 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 4.84%. The ex-dividend date is Thursday, April 2nd. View Cleveland-Cliffs' dividend history.

How will Cleveland-Cliffs' stock buyback program work?

Cleveland-Cliffs declared that its Board of Directors 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 buy up to 7.7% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board of directors believes its stock is undervalued.

What guidance has Cleveland-Cliffs issued on next quarter's earnings?

Cleveland-Cliffs issued an update on its first quarter 2020 Pre-Market earnings guidance on Wednesday, April, 15th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $345-375 million.

What price target have analysts set for CLF?

9 brokers have issued 12 month price targets for Cleveland-Cliffs' shares. Their forecasts range from $4.00 to $12.00. On average, they expect Cleveland-Cliffs' share price to reach $8.89 in the next year. This suggests a possible upside of 79.2% from the stock's current price. View analysts' price targets for Cleveland-Cliffs.

Has Cleveland-Cliffs been receiving favorable news coverage?

News coverage about CLF stock has been trending extremely negative this week, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Cleveland-Cliffs earned a daily sentiment score of -5.0 on InfoTrie's scale. They also assigned media coverage about the mining company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news aboutCleveland-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 a number of institutional and retail investors. Top institutional investors include State Street Corp (5.53%), Fisher Asset Management LLC (3.36%), Bank of New York Mellon Corp (2.27%), Geode Capital Management LLC (2.03%), Principal Financial Group Inc. (1.63%) and Merriman Wealth Management LLC (0.74%). 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 Victory Capital Management Inc., Victory Capital Management Inc., Wellington Management Group LLP, Balyasny Asset Management LLC, Fisher Asset Management LLC, Hodges Capital Management Inc., WINTON GROUP Ltd, and United Capital Financial Advisers LLC. View insider buying and selling activity for Cleveland-Cliffs.

Which major investors are buying Cleveland-Cliffs stock?

CLF stock was acquired by a variety of institutional investors in the last quarter, including State Street Corp, Geode Capital Management LLC, Merriman Wealth Management LLC, Bank of New York Mellon Corp, SG Americas Securities LLC, Principal Financial Group Inc., Voloridge Investment Management LLC, and Nuveen Asset Management 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 $4.96.

How big of a company is Cleveland-Cliffs?

Cleveland-Cliffs has a market capitalization of $1.98 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 5/26/2020 by MarketBeat.com Staff

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