About Cleveland-Cliffs (NYSE:CLF)
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
Industry Metal mining
Sub-IndustrySteel
SectorBasic Materials
SymbolNYSE:CLF
CUSIP18683K10
Phone216-694-5700
Debt
Debt-to-Equity Ratio-4.76%
Current Ratio3.32%
Quick Ratio2.37%
Price-To-Earnings
Trailing P/E Ratio14.56
Forward P/E Ratio5.92
P/E GrowthN/A
Sales & Book Value
Annual Sales$2.33 billion
Price / Sales0.93
Cash Flow$0.7497 per share
Price / Cash9.71
Book Value($1.50) per share
Price / Book-4.85
Profitability
EPS (Most Recent Fiscal Year)$0.50
Net Income$367 million
Net Margins15.12%
Return on Equity-40.15%
Return on Assets9.98%
Miscellaneous
Employees2,938
Outstanding Shares297,400,000
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 were Cleveland-Cliffs' earnings last quarter?
Cleveland-Cliffs Inc. (NYSE:CLF) issued its earnings results on Friday, April, 20th. The mining company reported ($0.08) earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.21) by $0.13. The mining company had revenue of $239 million for the quarter, compared to analysts' expectations of $177.93 million. Cleveland-Cliffs had a net margin of 15.12% and a negative return on equity of 40.15%. The firm's quarterly revenue was down 48.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.16 EPS. View Cleveland-Cliffs' Earnings History.
When is Cleveland-Cliffs' next earnings date?
What price target have analysts set for CLF?
12 brokers have issued 12-month price targets for Cleveland-Cliffs' stock. Their forecasts range from $7.50 to $12.00. On average, they anticipate Cleveland-Cliffs' share price to reach $9.6250 in the next twelve months. View Analyst Ratings for Cleveland-Cliffs.
What are Wall Street analysts saying about Cleveland-Cliffs stock?
Here are some recent quotes from research analysts about Cleveland-Cliffs stock:
- 1. According to Zacks Investment Research, "Cleveland-Cliffs remains focused on de-leveraging its balance sheet. It should also gain from major supply deals and an expected rise in steel demand in the United States. The company is also expected to benefit from its pellet supply contracts with its U.S. iron ore customers which will help it to mitigate the impact of fluctuation in seaborne iron ore pricing. However, Cleveland-Cliffs is faced with a challenging operating environment and pricing headwinds. The company has also cut its profit outlook for 2017 factoring in lower expected iron ore pricing. Demand for iron ore in China also remain soft." (1/9/2018)
- 2. FBR & Co analysts commented, "Cleveland-Cliffs reported Q3 results with an EBITDA miss of $154M versus consensus estimates of $166M. The company slightly reduced volume guidance in the U.S. and Australia, while maintaining prior cost guidance in the U.S., and increased Australian cost guidance (mostly as a result of the weaker USD). The company cut 2017 US sales guidance as a result of a single large buyer reducing orders, which has brought down our Q4 estimate to $123M, from $185M. The company is now planning for $270M in capex over the next twelve months, largely from the construction of the HBI plant. With the HBI plant now fully incorporated into our model, and Q4 results priced in, we see an appropriate buying window." (10/20/2017)
Are investors shorting Cleveland-Cliffs?
Cleveland-Cliffs saw a increase in short interest in April. As of April 13th, there was short interest totalling 43,924,153 shares, an increase of 5.1% from the March 30th total of 46,262,752 shares. Based on an average daily volume of 8,132,379 shares, the days-to-cover ratio is currently 5.4 days. Approximately 15.7% of the company's shares are short sold.
Who are some of Cleveland-Cliffs' key competitors?
Some companies that are related to Cleveland-Cliffs include Turquoise Hill Resources (TRQ), Lundin Mining (LUNMF), Buenaventura (BVN), Vedanta Resources (VDNRF), Centamin (CELTF), Nexa Resources (NEXA), Hudbay Minerals (HBM), Pretium Resources (PVG), North American Palladium (PALDF), Mountain Province Diamonds (MPVD), Fission Uranium (FCUUF), Amerigo Resources (ARREF), Wealth Minerals (WMLLF), Jaguar Mining (JAGGF) and Rubicon Minerals (RBYCF).
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)
Has Cleveland-Cliffs been receiving favorable news coverage?
News stories about CLF stock have trended somewhat positive recently, according to Accern Sentiment. The research group rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cleveland-Cliffs earned a media sentiment score of 0.20 on Accern's scale. They also assigned headlines about the mining company an impact score of 44.92 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the near term.
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 $7.28.
How big of a company is Cleveland-Cliffs?
Cleveland-Cliffs has a market capitalization of $2.30 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.
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 (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.
Cleveland-Cliffs (NYSE:CLF) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
12 Wall Street analysts have issued ratings and price targets for Cleveland-Cliffs in the last 12 months. Their average twelve-month price target is $9.6250, suggesting that the stock has a possible upside of 32.21%. The high price target for CLF is $12.00 and the low price target for CLF is $7.50. There are currently 2 sell ratings, 5 hold ratings and 5 buy ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 2.25 | 2.18 | 2.11 | 2.00 |
| Ratings Breakdown: | 2 Sell Rating(s)
5 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 2 Sell Rating(s)
5 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 2 Sell Rating(s)
4 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) | 2 Sell Rating(s)
4 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $9.6250 | $9.6667 | $9.40 | $8.40 |
| Price Target Upside: | 32.21% upside | 36.34% upside | 11.77% upside | 19.66% upside |
Cleveland-Cliffs (NYSE:CLF) Consensus Price Target History
Cleveland-Cliffs (NYSE:CLF) Analyst Ratings History
Show:
(Data available from 4/25/2016 forward)
Cleveland-Cliffs (NYSE:CLF) Dividend Information
Cleveland-Cliffs pays an annual dividend of $0.00 per share, with a dividend yield of 0.00%. CLF's most recent quarterly dividend payment was Monday, December 1. Cleveland-Cliffs pays out 0.00% of its earnings out as a dividend.
| Most Recent Dividend: | 12/1/2014 |
| Dividend Yield: | 0.00% |
| Dividend Growth: | 0.00% (3 Year Average) |
| Payout Ratio: | 0.00% (Trailing 12 Months of Earnings)
0.00% (Based on This Year's Estimates)
0.00% (Based on Next Year's Estimates)
|
Cleveland-Cliffs (NYSE:CLF) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 11/4/2014 | quarterly | $0.15 | 5.38% | 11/12/2014 | 11/15/2014 | 12/1/2014 |
| 7/28/2014 | quarterly | $0.15 | 3.41% | 8/13/2014 | 8/15/2014 | 9/2/2014 |
| 5/14/2014 | quarterly | $0.15 | 3.37% | 5/21/2014 | 5/23/2014 | 6/3/2014 |
| 2/11/2014 | quarterly | $0.15 | 2.73% | 2/19/2014 | 2/21/2014 | 3/3/2014 |
| 11/14/2013 | quarterly | $0.15 | 2.22% | 11/20/2013 | 11/22/2013 | 12/2/2013 |
| 11/12/2013 | | $0.15 | | 11/20/2013 | 11/22/2013 | 12/2/2013 |
| 7/9/2013 | quarterly | $0.15 | 3.66% | 8/13/2013 | 8/15/2013 | 9/3/2013 |
| 5/7/2013 | quarterly | $0.15 | 2.59% | 5/15/2013 | 5/17/2013 | 6/3/2013 |
| 2/13/2013 | quarterly | $0.15 | 2.05% | 2/20/2013 | 2/22/2013 | 3/1/2013 |
(Data available from 1/1/2013 forward)
Cleveland-Cliffs (NYSE CLF) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.89%
Institutional Ownership Percentage: 60.62%
Cleveland-Cliffs (NYSE CLF) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 3/6/2018 | Susan Miranda Green | Director | Sell | 11,305 | $7.62 | $86,144.10 | 60,367 |  |
| 9/15/2017 | Lourenco Goncalves | Chairman | Buy | 100,000 | $7.11 | $711,000.00 | 3,586,970 | |
| 8/10/2017 | Lourenco Goncalves | Chairman | Buy | 100,000 | $7.19 | $719,000.00 | 3,486,970 | |
| 5/3/2017 | John T Baldwin | Director | Buy | 6,000 | $6.32 | $37,920.00 | 87,991 | |
| 5/3/2017 | Lourenco Goncalves | Chairman | Buy | 200,000 | $6.31 | $1,262,000.00 | 2,855,296 | |
| 5/2/2017 | Douglas C Taylor | Director | Buy | 3,750 | $6.61 | $24,787.50 | 88,650 | |
| 5/1/2017 | Eric M Rychel | Director | Buy | 3,000 | $6.55 | $19,650.00 | 14,845 | |
| 4/28/2017 | Joseph A Rutkowski | Director | Buy | 2,500 | $6.77 | $16,925.00 | 84,567 | |
| 11/3/2016 | Robert P Fisher Jr | Director | Buy | 4,000 | $5.66 | $22,640.00 | 58,663 | |
| 11/2/2016 | Eric M Rychel | Director | Buy | 5,000 | $5.55 | $27,750.00 | 11,845 | |
| 11/1/2016 | Susan Miranda Green | Director | Buy | 1,770 | $5.65 | $10,000.50 | 57,841 | |
| 10/31/2016 | John T Baldwin | Director | Buy | 10,000 | $5.49 | $54,900.00 | 68,160 | |
| 10/28/2016 | Joseph A Rutkowski | Director | Buy | 6,000 | $5.32 | $31,920.00 | 68,236 | |
| 5/9/2016 | Lourenco Goncalves | CEO | Buy | 100,000 | $3.04 | $304,000.00 | 2,475,044 | |
| 5/6/2016 | Douglas C Taylor | Director | Sell | 7,231,520 | $3.81 | $27,552,091.20 | | |
| 11/6/2015 | Douglas C Taylor | Director | Sell | 675,000 | $3.15 | $2,126,250.00 | | |
| 11/4/2015 | James S Sawyer | Director | Buy | 25,000 | $3.07 | $76,750.00 | 34,682 | |
| 5/26/2015 | Michael D Siegal | Director | Buy | 9,500 | $5.20 | $49,400.00 | | |
| 3/4/2015 | Lourenco Goncalves | CEO | Buy | 100,000 | $6.50 | $650,000.00 | | |
| 3/2/2015 | Michael D Siegal | Director | Buy | 7,200 | $6.81 | $49,032.00 | | |
| 2/5/2015 | Joseph A Rutkowski | Director | Buy | 8,000 | $6.35 | $50,800.00 | | |
| 10/29/2014 | John T Baldwin | Director | Buy | 9,800 | $10.18 | $99,764.00 | | |
| 9/12/2014 | John T Baldwin | Director | Buy | 3,000 | $14.26 | $42,780.00 | | |
| 9/11/2014 | Douglas C Taylor | Director | Buy | 7,200 | $13.95 | $100,440.00 | | |
| 9/8/2014 | Gabriel Stoliar | Director | Buy | 7,246 | $13.76 | $99,704.96 | | |
| 8/21/2014 | Robert P Fisher Jr | Director | Buy | 6,000 | $16.46 | $98,760.00 | | |
| 11/5/2013 | Andres Gluski | Director | Buy | 1,040 | $28.33 | $29,463.20 | 12,049 | |
| 11/1/2013 | Joseph A Carrabba | CEO | Sell | 50,000 | $26.94 | $1,347,000.00 | | |
| 10/30/2013 | Donald J Gallagher | EVP | Sell | 13,640 | $25.11 | $342,500.40 | | |
| 8/16/2013 | David Blake | SVP | Sell | 3,000 | $23.03 | $69,090.00 | 28,375 | |
| 3/11/2013 | Steven M Raguz | EVP | Sell | 4,000 | $24.01 | $96,040.00 | | |
| 3/11/2013 | Terrance M Paradie | CFO | Sell | 3,700 | $24.04 | $88,948.00 | | |
(Data available from 1/1/2013 forward)
Cleveland-Cliffs (NYSE CLF) News Headlines
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Cleveland-Cliffs (NYSE:CLF) SEC Filings
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Cleveland-Cliffs (NYSE:CLF) Income Statement, Balance Sheet and Cash Flow Statement
Cleveland-Cliffs (NYSE CLF) Stock Chart for Wednesday, April, 25, 2018
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