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NYSE:CLFCleveland-Cliffs Stock Price, Forecast & News

$5.37
-0.15 (-2.72 %)
(As of 07/1/2020 04:00 PM ET)
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Today's Range
$5.21
Now: $5.37
$5.58
50-Day Range
$4.05
MA: $5.43
$7.06
52-Week Range
$2.63
Now: $5.37
$11.61
Volume11.58 million shs
Average Volume12.55 million shs
Market Capitalization$2.14 billion
P/E Ratio5.65
Dividend Yield4.35%
Beta1.95
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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Beat the Market (BTM) Rank

Analyst Opinion: 3.2Community Rank: 1.9Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.27 out of 5 stars


Industry, Sector and Symbol

Industry Metal mining
Sub-IndustrySteel
CUSIP18683K10
Phone216-694-5700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.99 billion
Cash Flow$1.45 per share
Book Value$1.33 per share

Profitability

Net Income$292.80 million

Miscellaneous

Employees2,372
Market Cap$2.14 billion
Next Earnings Date7/17/2020 (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 COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, CLF stock has increased by 19.6% and is now trading at $5.37. View which stocks have been most impacted by Coronavirus.

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

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cleveland-Cliffs in the last year. There are currently 6 hold ratings, 2 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold." 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 Friday, July 17th 2020. View our earnings forecast for Cleveland-Cliffs.

How were Cleveland-Cliffs' earnings last quarter?

Cleveland-Cliffs Inc (NYSE:CLF) issued its earnings results on Monday, May, 11th. The mining company reported ($0.18) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.18). The mining company earned $324.50 million during the quarter, compared to analysts' expectations of $366.23 million. Cleveland-Cliffs had a net margin of 11.99% and a return on equity of 63.19%. The firm's revenue for the quarter was up 106.7% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.08) 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. Shareholders of record on Friday, April 3rd will be paid a dividend of $0.06 per share on Wednesday, April 15th. This represents a $0.24 annualized dividend and a yield of 4.47%. The ex-dividend date is Thursday, April 2nd. View Cleveland-Cliffs' dividend history.

How will Cleveland-Cliffs' stock buyback program work?

Cleveland-Cliffs declared that its Board of Directors has initiated a share buyback program 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 repurchase up to 7.7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

What guidance has Cleveland-Cliffs issued on next quarter's earnings?

Cleveland-Cliffs updated its first quarter 2020 Pre-Market earnings guidance on Wednesday, April, 15th. The company provided EPS guidance of for the period. The company issued revenue guidance of $345-375 million.

What price target have analysts set for CLF?

9 brokers have issued 1-year target prices for Cleveland-Cliffs' shares. Their forecasts range from $4.00 to $12.00. On average, they expect Cleveland-Cliffs' share price to reach $8.89 in the next year. This suggests a possible upside of 65.5% from the stock's current price. View analysts' price targets for Cleveland-Cliffs.

Has Cleveland-Cliffs been receiving favorable news coverage?

News stories about CLF stock have been trending very negative this week, InfoTrie reports. The research firm identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Cleveland-Cliffs earned a media sentiment score of -3.3 on InfoTrie's scale. They also assigned news articles about the mining company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news about Cleveland-Cliffs.

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

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."

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 $5.37.

How big of a company is Cleveland-Cliffs?

Cleveland-Cliffs has a market capitalization of $2.14 billion 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.

What is Cleveland-Cliffs' official website?

The official website for Cleveland-Cliffs is 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]

This page was last updated on 7/2/2020 by MarketBeat.com Staff

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