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

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$8.41 -0.16 (-1.87 %)
(As of 01/15/2019 04:00 PM ET)
Previous Close$8.57
Today's Range$8.38 - $8.72
52-Week Range$6.30 - $13.10
Volume5.11 million shs
Average Volume7.54 million shs
Market Capitalization$2.56 billion
P/E Ratio16.82
Dividend Yield2.33%
Beta1.65
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

Current Ratio4.34
Quick Ratio3.84

Price-To-Earnings

Sales & Book Value

Annual Sales$2.33 billion
Price / Sales1.08
Cash Flow$0.7773 per share
Price / Cash Flow10.82
Book Value($1.50) per share
Price / Book-5.61

Profitability

Net Income$367 million
Net Margins36.43%
Return on Assets16.17%

Miscellaneous

Employees2,938
Market Cap$2.56 billion
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 announced a quarterly dividend on Friday, October 19th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend is Thursday, January 3rd. View Cleveland-Cliffs' Dividend History.

How will Cleveland-Cliffs' stock buyback program work?

Cleveland-Cliffs announced that its Board of Directors has authorized a share repurchase program on Monday, November 26th 2018, which permits the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to buy up to 7.7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its shares are undervalued.

How were Cleveland-Cliffs' earnings last quarter?

Cleveland-Cliffs Inc (NYSE:CLF) announced its quarterly earnings results on Friday, October, 19th. The mining company reported $0.64 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.66 by $0.02. The mining company had revenue of $742 million for the quarter, compared to analyst estimates of $736.06 million. Cleveland-Cliffs had a net margin of 36.43% and a negative return on equity of 146.72%. The company's quarterly revenue was up 6.3% compared to the same quarter last year. During the same period last year, the company posted $0.36 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, February 8th 2019. View Earnings Estimates for Cleveland-Cliffs.

How can I listen to Cleveland-Cliffs' earnings call?

Cleveland-Cliffs will be holding an earnings conference call on Friday, February 8th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

What price target have analysts set for CLF?

12 brokerages have issued twelve-month price targets for Cleveland-Cliffs' stock. Their forecasts range from $5.00 to $14.00. On average, they expect Cleveland-Cliffs' share price to reach $10.95 in the next year. This suggests a possible upside of 30.2% from the stock's current price. View Analyst Price Targets for Cleveland-Cliffs.

What is the consensus analysts' recommendation for Cleveland-Cliffs?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cleveland-Cliffs in the last year. There are currently 1 sell rating, 4 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 headlines about CLF stock have been trending somewhat positive on Tuesday, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Cleveland-Cliffs earned a news sentiment score of 1.9 on InfoTrie's scale. They also gave press coverage about the mining company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the immediate future.

Are investors shorting Cleveland-Cliffs?

Cleveland-Cliffs saw a decrease in short interest in the month of December. As of December 31st, there was short interest totalling 46,181,613 shares, a decrease of 5.8% from the December 14th total of 49,034,497 shares. Based on an average daily volume of 7,916,616 shares, the short-interest ratio is currently 5.8 days. Currently, 15.9% of the company's stock are sold short. View Cleveland-Cliffs' Current Options Chain.

Who are some of Cleveland-Cliffs' key competitors?

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. (0.69%) and Ipswich Investment Management Co. Inc. (0.02%). Company insiders that own Cleveland-Cliffs stock include Douglas C Taylor, Eric M Rychel, John T Baldwin, Joseph A Rutkowski, Lourenco Goncalves 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 Hennessy Advisors Inc.. View Insider Buying and Selling for Cleveland-Cliffs.

Which major investors are buying Cleveland-Cliffs stock?

CLF stock was purchased by a variety of institutional investors in the last quarter, including Ipswich Investment Management Co. 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 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 $8.41.

How big of a company is Cleveland-Cliffs?

Cleveland-Cliffs has a market capitalization of $2.56 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?

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:  553 (Vote Outperform)
Underperform Votes:  981 (Vote Underperform)
Total Votes:  1,534
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 1/15/2019 by MarketBeat.com Staff

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