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NYSE:CLF

Cleveland-Cliffs Stock Forecast, Price & News

$14.68
+0.69 (+4.93 %)
(As of 03/2/2021 04:59 PM ET)
Add
Compare
Today's Range
$13.82
Now: $14.68
$14.97
50-Day Range
$13.34
MA: $16.39
$18.56
52-Week Range
$2.63
Now: $14.68
$18.77
Volume22.52 million shs
Average Volume19.77 million shs
Market Capitalization$7.03 billion
P/E RatioN/A
Dividend YieldN/A
Beta2.24
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.
Cleveland-Cliffs logo

Industry, Sector and Symbol

Industry Metal mining
Sub-IndustrySteel
CUSIP18683K10
Phone216-694-5700
Employees2,372
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

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

Profitability

Net Income$292.80 million

Miscellaneous

Market Cap$7.03 billion
Next Earnings Date5/10/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

1.09 out of 5 stars

Basic Materials Sector

295th out of 831 stocks

Metal Mining Industry

28th out of 89 stocks

Analyst Opinion: 1.3Community Rank: 1.9Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -
$14.68
+0.69 (+4.93 %)
(As of 03/2/2021 04:59 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Cleveland-Cliffs (NYSE:CLF) Frequently Asked Questions

Is Cleveland-Cliffs a buy right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cleveland-Cliffs in the last year. There are currently 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Cleveland-Cliffs stock.
View analyst ratings for Cleveland-Cliffs
or view top-rated stocks.

What stocks does MarketBeat like better than Cleveland-Cliffs?

Wall Street analysts have given Cleveland-Cliffs a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Cleveland-Cliffs wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Cleveland-Cliffs' next earnings date?

Cleveland-Cliffs is scheduled to release its next quarterly earnings announcement on Monday, May 10th 2021.
View our earnings forecast for Cleveland-Cliffs
.

How were Cleveland-Cliffs' earnings last quarter?

Cleveland-Cliffs Inc (NYSE:CLF) issued its quarterly earnings data on Thursday, February, 25th. The mining company reported $0.24 EPS for the quarter, missing analysts' consensus estimates of $0.28 by $0.04. The mining company had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.36 billion. Cleveland-Cliffs had a negative net margin of 3.38% and a negative trailing twelve-month return on equity of 2.69%. Cleveland-Cliffs's quarterly revenue was up 322.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.23 EPS.
View Cleveland-Cliffs' earnings history
.

How has Cleveland-Cliffs' stock been impacted by Coronavirus (COVID-19)?

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 (WHO). Since then, CLF stock has increased by 226.9% and is now trading at $14.68.
View which stocks have been most impacted by COVID-19
.

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

Cleveland-Cliffs issued an update on its fourth quarter 2020 Pre-Market earnings guidance on Monday, January, 25th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.2-2.3 billion, compared to the consensus revenue estimate of $1.82 billion.

What price target have analysts set for CLF?

8 Wall Street analysts have issued twelve-month price objectives for Cleveland-Cliffs' shares. Their forecasts range from $4.00 to $22.30. On average, they anticipate Cleveland-Cliffs' share price to reach $11.94 in the next year. This suggests that the stock has a possible downside of 18.7%.
View analysts' price targets for Cleveland-Cliffs
or view top-rated stocks among Wall Street analysts.

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 Lourenco Goncalves' approval rating as Cleveland-Cliffs' CEO?

38 employees have rated Cleveland-Cliffs CEO Lourenco Goncalves on Glassdoor.com. Lourenco Goncalves has an approval rating of 87% among Cleveland-Cliffs' employees.

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 Freeport-McMoRan (FCX), Bank of America (BAC), Rite Aid (RAD), Advanced Micro Devices (AMD), Micron Technology (MU), General Electric (GE), AT&T (T), Ford Motor (F), Cisco Systems (CSCO) and Intel (INTC).

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 many different retail and institutional investors. Top institutional shareholders include Fisher Asset Management LLC (4.30%), Aequim Alternative Investments LP (3.76%), Principal Financial Group Inc. (1.39%), Principal Financial Group Inc. (1.16%), Northern Trust Corp (1.19%) and Norges Bank (0.94%). 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 institutional investors are selling Cleveland-Cliffs stock?

CLF stock was sold by a variety of institutional investors in the last quarter, including Drexel Morgan & Co., Bank of New York Mellon Corp, Edgestream Partners L.P., SG Americas Securities LLC, Fisher Asset Management LLC, Hodges Capital Management Inc., Northern Trust Corp, and SFE Investment Counsel.
View insider buying and selling activity for Cleveland-Cliffs
or view top insider-selling stocks.

Which institutional investors are buying Cleveland-Cliffs stock?

CLF stock was bought by a variety of institutional investors in the last quarter, including Aequim Alternative Investments LP, Norges Bank, Merriman Wealth Management LLC, Voloridge Investment Management LLC, Monarch Partners Asset Management LLC, Amundi Pioneer Asset Management Inc., CIBC World Markets Inc., and Engineers Gate Manager 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
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Cleveland-Cliffs' stock price today?

One share of CLF stock can currently be purchased for approximately $14.68.

How much money does Cleveland-Cliffs make?

Cleveland-Cliffs has a market capitalization of $7.03 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.

How many employees does Cleveland-Cliffs have?

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.

Where are Cleveland-Cliffs' headquarters?

Cleveland-Cliffs is headquartered at 200 PUBLIC SQUARE SUITE 3300, CLEVELAND OH, 44114.

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 3/2/2021 by MarketBeat.com Staff

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