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; 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.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Metal mining
Sub-IndustrySteel
SectorBasic Materials
SymbolNYSE:CLF
CUSIP18683K10
Phone216-694-5700
Debt
Debt-to-Equity Ratio-7.50
Current Ratio3.26
Quick Ratio2.72
Price-To-Earnings
Trailing P/E Ratio21.50
Forward P/E Ratio5.36
P/E GrowthN/A
Sales & Book Value
Annual Sales$2.33 billion
Price / Sales1.41
Cash Flow$0.7416 per share
Price / Cash14.90
Book Value($1.50) per share
Price / Book-7.37
Profitability
EPS (Most Recent Fiscal Year)$0.50
Net Income$367 million
Net Margins20.07%
Return on Equity-76.39%
Return on Assets14.64%
Miscellaneous
Employees2,938
Outstanding Shares297,950,000
Market Cap$3.53 billion
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 Friday, October 19th. Investors of record on Friday, January 4th will be paid a dividend of $0.05 per share on Tuesday, January 15th. This represents a $0.20 annualized dividend and a yield of 1.81%. View Cleveland-Cliffs' Dividend History.
How were Cleveland-Cliffs' earnings last quarter?
Cleveland-Cliffs Inc (NYSE:CLF) released its quarterly earnings data on Friday, October, 19th. The mining company reported $0.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.66 by $0.02. The mining company earned $742 million during the quarter, compared to analyst estimates of $736.06 million. Cleveland-Cliffs had a negative return on equity of 76.39% and a net margin of 20.07%. The company's quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the company posted $0.36 earnings per share. View Cleveland-Cliffs' Earnings History.
When is Cleveland-Cliffs' next earnings date?
What price target have analysts set for CLF?
14 brokerages have issued 12-month price objectives for Cleveland-Cliffs' stock. Their forecasts range from $8.00 to $15.00. On average, they anticipate Cleveland-Cliffs' stock price to reach $11.5455 in the next twelve months. This suggests a possible upside of 4.5% from the stock's current price. View Analyst Price Targets for Cleveland-Cliffs.
What is the consensus analysts' recommendation for Cleveland-Cliffs?
14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cleveland-Cliffs in the last year. There are currently 1 sell rating, 5 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Cleveland-Cliffs.
Are investors shorting Cleveland-Cliffs?
Cleveland-Cliffs saw a increase in short interest during the month of September. As of September 28th, there was short interest totalling 46,427,860 shares, an increase of 5.6% from the September 14th total of 43,964,103 shares. Based on an average trading volume of 10,441,629 shares, the days-to-cover ratio is presently 4.4 days. Approximately 15.9% of the company's stock are sold short. View Cleveland-Cliffs' Current Options Chain.
Who are some of Cleveland-Cliffs' key competitors?
Some companies that are related to Cleveland-Cliffs include SOUTH32 Ltd/S (SOUHY), FORTESCUE METAL/S (FSUGY), First Quantum Minerals (FQVLF), Turquoise Hill Resources (TRQ), Compania de Minas Buenaventura SAA (BVN), Lundin Mining (LUNMF), VEDA RESO/PAR VTG FPD 0.1 (VDNRF), Nexa Resources (NEXA), Centamin (CELTF), Pretium Resources (PVG), Hudbay Minerals (HBM), Mountain Province Diamonds (MPVD), North American Palladium (PALDF), Lithium Americas (LAC) and Fission Uranium (FCUUF).
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 number of of institutional and retail investors. Top institutional investors include Hennessy Advisors Inc. (0.96%), Foundry Partners LLC (0.19%), Seven Eight Capital LP (0.03%), Bank of Montreal Can (0.02%), Nwam LLC (0.02%) and Ipswich Investment Management Co. Inc. (0.01%). 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 major investors are selling Cleveland-Cliffs stock?
Which major investors are buying Cleveland-Cliffs stock?
CLF stock was bought by a variety of institutional investors in the last quarter, including Hennessy Advisors Inc., Foundry Partners LLC, Nwam LLC, NJ State Employees Deferred Compensation Plan, Ipswich Investment Management Co. Inc., Strs Ohio, Bank of Montreal Can and NEXT Financial Group 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, 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 $11.05.
How big of a company is Cleveland-Cliffs?
Cleveland-Cliffs has a market capitalization of $3.53 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.
What is Cleveland-Cliffs' official website?
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)
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.
