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NYSE:CLF

Cleveland-Cliffs Stock Forecast, Price & News

$20.87
+0.50 (+2.45%)
(As of 12/7/2021 09:18 AM ET)
Add
Compare
Today's Range
$20.83
$20.91
50-Day Range
$19.66
$25.63
52-Week Range
$12.36
$26.51
Volume
1,101 shs
Average Volume
23.35 million shs
Market Capitalization
$10.44 billion
P/E Ratio
5.39
Dividend Yield
N/A
Beta
2.2
30 days | 90 days | 365 days | Advanced Chart
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Cleveland-Cliffs logo

About Cleveland-Cliffs

Cleveland-Cliffs is the largest flat-rolled steel company and the largest iron ore pellet producer in North America. The company is vertically integrated from mining through iron making, steelmaking, rolling, finishing and downstream with hot and cold stamping of steel parts and components. 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.

Headlines

Cleveland-Cliffs (CLF) to Redeem Entire 1.50% Senior Notes
December 2, 2021 |  finance.yahoo.com
Cleveland-Cliffs Inc. (NYSE:CLF) CEO Buys $988,500.00 in Stock
December 1, 2021 |  americanbankingnews.com
See More Headlines

Industry, Sector and Symbol

Industry
Metal mining
Sub-Industry
Steel
CUSIP
18683K10
Employees
25,000
Year Founded
1847

Sales & Book Value

Annual Sales
$5.35 billion
Cash Flow
$1.21 per share
Book Value
$8.58 per share

Profitability

Net Income
$-122 million
Pretax Margin
15.85%

Debt

Price-To-Earnings

Miscellaneous

Free Float
493,390,000
Market Cap
$10.44 billion
Optionable
Optionable

Company Calendar

Last Earnings
10/21/2021
Today
12/07/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
2/24/2022

Social Links


MarketRank

Overall MarketRank

2.34 out of 5 stars

Basic Materials Sector

84th out of 223 stocks

Metal Mining Industry

6th out of 21 stocks

Analyst Opinion: 3.4Community Rank: 3.7Dividend Strength: 0.0Insider Behavior: 3.3Valuation: 1.3 5 -4 -3 -2 -1 -












Cleveland-Cliffs (NYSE:CLF) Frequently Asked Questions

Is Cleveland-Cliffs a buy right now?

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cleveland-Cliffs in the last twelve months. There are currently 3 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Cleveland-Cliffs stock.
View analyst ratings for Cleveland-Cliffs
or view top-rated stocks.

How has Cleveland-Cliffs' stock been impacted by COVID-19?

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 364.8% and is now trading at $20.87.
View which stocks have been most impacted by COVID-19
.

When is Cleveland-Cliffs' next earnings date?

Cleveland-Cliffs is scheduled to release its next quarterly earnings announcement on Thursday, February 24th 2022.
View our earnings forecast for Cleveland-Cliffs
.

How were Cleveland-Cliffs' earnings last quarter?

Cleveland-Cliffs Inc. (NYSE:CLF) announced its earnings results on Thursday, October, 21st. The mining company reported $2.33 earnings per share for the quarter, topping analysts' consensus estimates of $2.23 by $0.10. The mining company had revenue of $6 billion for the quarter, compared to analyst estimates of $5.63 billion. Cleveland-Cliffs had a net margin of 12.44% and a trailing twelve-month return on equity of 75.62%. The business's revenue for the quarter was up 264.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.04 EPS.
View Cleveland-Cliffs' earnings history
.

What price target have analysts set for CLF?

12 Wall Street analysts have issued 1-year price targets for Cleveland-Cliffs' shares. Their forecasts range from $19.20 to $39.00. On average, they anticipate Cleveland-Cliffs' stock price to reach $26.91 in the next year. This suggests a possible upside of 29.0% from the stock's current price.
View analysts' price targets for Cleveland-Cliffs
or view top-rated stocks among Wall Street analysts.

What are Wall Street analysts saying about Cleveland-Cliffs stock?

Here are some recent quotes from research analysts about Cleveland-Cliffs stock:
  • 1. B. Riley analysts commented, " (10/25/2021)
  • 2. According to Zacks Investment Research, "Earnings estimates for Cleveland-Cliffs for the second quarter have been going up over the past month. Cleveland-Cliffs should gain from its merger with AK Steel that is expected to offer operational synergies and boost shareholders’ value. The company should also benefit from significant synergies of the ArcelorMittal USA acquisition. The buyout has made it the largest flat-rolled steel producer in North America. Moreover, the addition of its hot briquetted iron (HBI) plant is expected to create new demand for the company. Also, the Mining and Pelletizing operation is gaining from low-cost, high-quality, iron ore pellet production with substantial logistics and transportation advantages. Higher steel prices should also drive the company’s margins. The company has also outperformed the industry it belongs to over the past year." (6/25/2021)

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 Lourenco Goncalves' approval rating as Cleveland-Cliffs' CEO?

38 employees have rated Cleveland-Cliffs CEO Lourenco Goncalves on Glassdoor.com. Lourenco Goncalves has an approval rating of 87% among Cleveland-Cliffs' employees.

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), Rite Aid (RAD), Advanced Micro Devices (AMD), Micron Technology (MU), General Electric (GE), AT&T (T), Ford Motor (F), Cisco Systems (CSCO) and Intel (INTC).

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 variety of institutional and retail investors. Top institutional investors include Fisher Asset Management LLC (2.52%), Invesco Ltd. (1.58%), Gendell Jeffrey L (1.50%), Geode Capital Management LLC (1.11%), Citadel Advisors LLC (0.00%) and Bank of New York Mellon Corp (0.83%). Company insiders that own Cleveland-Cliffs stock include Celso L Goncalves Jr, Janet L Miller, John T Baldwin, Keith Koci, Lourenco Goncalves, M Ann Harlan 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 Millennium Management LLC, Turiya Advisors Asia Ltd, Citadel Advisors LLC, Iridian Asset Management LLC CT, Wellington Management Group LLP, Geode Capital Management LLC, Deutsche Bank AG, and Creative Planning. Company insiders that have sold Cleveland-Cliffs company stock in the last year include John T Baldwin, and Susan Miranda Green.
View insider buying and selling activity for Cleveland-Cliffs
or view top insider-selling stocks.

Which institutional investors are buying Cleveland-Cliffs stock?

CLF stock was acquired by a variety of institutional investors in the last quarter, including Jane Street Group LLC, Hodges Capital Management Inc., Gendell Jeffrey L, Caption Management LLC, Dimensional Fund Advisors LP, Advisor Group Holdings Inc., Key Square Capital Management LLC, and Balyasny Asset Management LLC. Company insiders that have bought Cleveland-Cliffs stock in the last two years include Celso L Goncalves Jr, Janet L Miller, John T Baldwin, Keith Koci, Lourenco Goncalves, and M Ann Harlan.
View insider buying and selling activity for Cleveland-Cliffs
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Cleveland-Cliffs' stock price today?

One share of CLF stock can currently be purchased for approximately $20.87.

How much money does Cleveland-Cliffs make?

Cleveland-Cliffs has a market capitalization of $10.44 billion and generates $5.35 billion in revenue each year. The mining company earns $-122 million in net income (profit) each year or $3.87 on an earnings per share basis.

How many employees does Cleveland-Cliffs have?

Cleveland-Cliffs employs 25,000 workers across the globe.

Does Cleveland-Cliffs have any subsidiaries?

The following companies are subsidiares of Cleveland-Cliffs: AK Steel, ArcelorMittal, Cliffs Mining Company, Cliffs Minnesota Mining Company, Cliffs TIOP Holding LLC, Cliffs TIOP II LLC, Cliffs TIOP Inc., Cliffs UTAC Holding LLC, Consolidated Thompson Iron Mines Limited, IronUnits LLC, Northshore Mining Company, PinnOak Resources, and The Cleveland-Cliffs Iron Company.

When was Cleveland-Cliffs founded?

Cleveland-Cliffs was founded in 1847.

What is Cleveland-Cliffs' official website?

The official website for Cleveland-Cliffs is www.clevelandcliffs.com.

Where are Cleveland-Cliffs' headquarters?

Cleveland-Cliffs is headquartered at 200 PUBLIC SQUARE SUITE 3300, CLEVELAND OH, 44114.

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, via email at [email protected], or via fax at 216-694-4880.


This page was last updated on 12/7/2021 by MarketBeat.com Staff

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