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

$3.64
-0.16 (-4.21 %)
(As of 03/30/2020 04:00 PM ET)
Today's Range
$3.55
Now: $3.64
$3.82
50-Day Range
$3.07
MA: $5.72
$7.71
52-Week Range
$2.63
Now: $3.64
$11.61
Volume7.94 million shs
Average Volume12.43 million shs
Market Capitalization$988.05 million
P/E Ratio3.47
Dividend Yield6.32%
Beta2.1
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

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$1.43 per share
Book Value$1.33 per share

Profitability

Net Income$292.80 million

Miscellaneous

Employees2,372
Market Cap$988.05 million
Next Earnings Date4/23/2020 (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 Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CLF stock has decreased by 18.9% and is now trading at $3.64. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Cleveland-Cliffs?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cleveland-Cliffs in the last year. There are currently 5 hold ratings, 4 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." 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 Thursday, April 23rd 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 Thursday, February, 20th. The mining company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. The mining company had revenue of $534.10 million for the quarter, compared to analyst estimates of $549.75 million. Cleveland-Cliffs had a net margin of 14.71% and a return on equity of 100.50%. The firm's quarterly revenue was down 23.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.03 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. Investors of record on Friday, April 3rd will be given a dividend of $0.06 per share on Wednesday, April 15th. This represents a $0.24 annualized dividend and a dividend yield of 6.59%. The ex-dividend date is Thursday, April 2nd. View Cleveland-Cliffs' dividend history.

How will Cleveland-Cliffs' stock buyback program work?

Cleveland-Cliffs announced that its Board of Directors has authorized a stock repurchase plan on Monday, November 26th 2018, which authorizes the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 7.7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board believes its shares are undervalued.

What price target have analysts set for CLF?

10 Wall Street analysts have issued 12 month price objectives for Cleveland-Cliffs' stock. Their forecasts range from $4.00 to $12.00. On average, they expect Cleveland-Cliffs' stock price to reach $9.22 in the next twelve months. This suggests a possible upside of 153.4% from the stock's current price. View analysts' price targets for Cleveland-Cliffs.

Has Cleveland-Cliffs been receiving favorable news coverage?

Media headlines about CLF stock have been trending somewhat negative on Monday, according to InfoTrie Sentiment. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Cleveland-Cliffs earned a coverage optimism score of -1.6 on InfoTrie's scale. They also assigned news stories about the mining company a news buzz of 4.0 out of 10, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near future. View the latest news aboutCleveland-Cliffs.

Are investors shorting Cleveland-Cliffs?

Cleveland-Cliffs saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 112,010,000 shares, an increase of 6.5% from the February 13th total of 105,180,000 shares. Based on an average daily trading volume, of 10,730,000 shares, the short-interest ratio is currently 10.4 days. Approximately 42.3% of the shares of the stock are short sold. View Cleveland-Cliffs' Current Options Chain.

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), Transocean (RIG), Ford Motor (F), Intel (INTC) and General Electric (GE).

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 variety of institutional and retail investors. Top institutional investors include LSV Asset Management (4.31%), State Street Corp (4.08%), Bank of New York Mellon Corp (1.80%), Victory Capital Management Inc. (1.78%), Victory Capital Management Inc. (1.76%) and Principal Financial Group Inc. (1.31%). 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 Heartland Advisors Inc., Hodges Capital Management Inc., Point72 Asset Management L.P., New York State Common Retirement Fund, Kennedy Capital Management Inc., James Investment Research Inc., Alliancebernstein L.P., and California Public Employees Retirement System. 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 Norges Bank, State Street Corp, LSV Asset Management, Bank of New York Mellon Corp, Principal Financial Group Inc., Victory Capital Management Inc., Victory Capital Management Inc., and Aequim Alternative Investments LP. 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 $3.64.

How big of a company is Cleveland-Cliffs?

Cleveland-Cliffs has a market capitalization of $988.05 million 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. View additional information about Cleveland-Cliffs.

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:  1.9 out of 5 (star)
Outperform Votes:  652 (Vote Outperform)
Underperform Votes:  1,078 (Vote Underperform)
Total Votes:  1,730
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 3/30/2020 by MarketBeat.com Staff

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