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

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$8.79 -0.22 (-2.44 %)
(As of 01/22/2019 11:31 AM ET)
Previous Close$9.01
Today's Range$8.57 - $8.86
52-Week Range$6.30 - $13.10
Volume163,247 shs
Average Volume6.59 million shs
Market Capitalization$2.69 billion
P/E Ratio17.62
Dividend Yield2.22%
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

Price-To-Earnings

Sales & Book Value

Annual Sales$2.33 billion
Cash Flow$0.7751 per share
Book Value($1.50) per share

Profitability

Net Income$367 million

Miscellaneous

Employees2,938
Market Cap$2.69 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 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 2.27%. The ex-dividend date is Thursday, January 3rd. View Cleveland-Cliffs' Dividend History.

How will Cleveland-Cliffs' stock buyback program work?

Cleveland-Cliffs declared that its board has authorized a share buyback program on Monday, November 26th 2018, which permits the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 7.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

How were Cleveland-Cliffs' earnings last quarter?

Cleveland-Cliffs Inc (NYSE:CLF) announced its earnings results on Friday, October, 19th. The mining company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.66 by $0.02. The mining company earned $742 million during the quarter, compared to analysts' expectations of $736.06 million. Cleveland-Cliffs had a net margin of 36.43% and a negative return on equity of 146.72%. Cleveland-Cliffs's revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the firm 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 brokers have issued 1-year price objectives for Cleveland-Cliffs' shares. Their forecasts range from $5.00 to $14.00. On average, they anticipate Cleveland-Cliffs' share price to reach $10.95 in the next year. This suggests a possible upside of 24.3% 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?

Headlines about CLF stock have been trending very positive recently, according to InfoTrie Sentiment. InfoTrie scores the sentiment of press coverage by monitoring more than six thousand blog and news 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 3.2 on InfoTrie's scale. They also gave news coverage about the mining company a news buzz of 4.0 out of 10, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next several days.

Are investors shorting Cleveland-Cliffs?

Cleveland-Cliffs saw a drop in short interest during the month of December. As of December 31st, there was short interest totalling 46,181,613 shares, a drop of 5.8% from the December 14th total of 49,034,497 shares. Based on an average trading volume of 7,916,616 shares, the days-to-cover ratio is currently 5.8 days. Approximately 15.9% of the company's stock are short sold. 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 many different of retail and institutional investors. Top institutional shareholders include Hennessy Advisors Inc. (0.69%), Bowling Portfolio Management LLC (0.04%), Ipswich Investment Management Co. Inc. (0.02%), Alpha Windward LLC (0.02%), Regent Investment Management LLC (0.01%) and Virtu Financial LLC (0.00%). 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 institutional investors are selling Cleveland-Cliffs stock?

CLF stock was sold by a variety of institutional investors in the last quarter, including Hennessy Advisors Inc. and Virtu Financial LLC. View Insider Buying and Selling for Cleveland-Cliffs.

Which institutional investors are buying Cleveland-Cliffs stock?

CLF stock was purchased by a variety of institutional investors in the last quarter, including Bowling Portfolio Management LLC, Alpha Windward LLC, Regent Investment Management LLC and 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 $8.81.

How big of a company is Cleveland-Cliffs?

Cleveland-Cliffs has a market capitalization of $2.69 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 1/22/2019 by MarketBeat.com Staff

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