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NYSE:CLF

Cleveland-Cliffs Stock Forecast, Price & News

$11.29
+0.11 (+0.98 %)
(As of 11/27/2020 12:00 AM ET)
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Today's Range
$11.25
Now: $11.29
$11.60
50-Day Range
$7.28
MA: $8.44
$11.18
52-Week Range
$2.63
Now: $11.29
$11.60
Volume7.16 million shs
Average Volume11.49 million shs
Market Capitalization$4.51 billion
P/E RatioN/A
Dividend YieldN/A
Beta2.23
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: 1.3Community Rank: 1.9Dividend Strength: 0.0Insider Behavior: 0.8Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

0.93 out of 5 stars


Industry, Sector and Symbol

Industry Metal mining
Sub-IndustrySteel
CUSIP18683K10
Phone216-694-5700
Employees2,372

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.99 billion
Cash Flow$1.51 per share
Book Value$2.81 per share

Profitability

Net Income$292.80 million

Miscellaneous

Market Cap$4.51 billion
Next Earnings Date2/18/2021 (Estimated)
OptionableOptionable
$11.29
+0.11 (+0.98 %)
(As of 11/27/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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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 151.4% and is now trading at $11.29.
View which stocks have been most impacted by COVID-19
.

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

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cleveland-Cliffs in the last year. There are currently 4 hold ratings, 2 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Cleveland-Cliffs
or view MarketBeat's top 5 stock picks.

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 winning trading ideas this year 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 Thursday, February 18th 2021.
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 Friday, October, 23rd. The mining company reported ($0.02) earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of ($0.10) by $0.08. The mining company earned $1.65 billion during the quarter, compared to analysts' expectations of $1.67 billion. Cleveland-Cliffs had a negative net margin of 3.38% and a negative return on equity of 2.69%. The company's revenue for the quarter was up 196.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS.
View Cleveland-Cliffs' earnings history
.

How often does Cleveland-Cliffs pay dividends? What is the dividend yield for Cleveland-Cliffs?

Cleveland-Cliffs declared a quarterly dividend on Tuesday, February 18th. Shareholders 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 2.13%. The ex-dividend date of this dividend is Thursday, April 2nd.
View Cleveland-Cliffs' dividend history
.

What price target have analysts set for CLF?

7 equities research analysts have issued 12-month price targets for Cleveland-Cliffs' stock. Their forecasts range from $4.00 to $13.00. On average, they anticipate Cleveland-Cliffs' stock price to reach $8.04 in the next year. This suggests that the stock has a possible downside of 28.8%.
View analysts' price targets for 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 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).

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 number of retail and institutional investors. Top institutional investors include Fisher Asset Management LLC (4.35%), State Street Corp (4.12%), MUFG Securities EMEA plc (1.75%), Principal Financial Group Inc. (1.41%), Charles Schwab Investment Management Inc. (1.08%) and Victory Capital Management Inc. (0.68%). 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 LSV Asset Management, Hodges Capital Management Inc., SG Americas Securities LLC, CoreCommodity Management LLC, Victory Capital Management Inc., Charles Schwab Investment Management Inc., Principal Financial Group Inc., and Envestnet Asset Management Inc..
View insider buying and selling activity for Cleveland-Cliffs
.

Which institutional investors are buying Cleveland-Cliffs stock?

CLF stock was bought by a variety of institutional investors in the last quarter, including MUFG Securities EMEA plc, Fisher Asset Management LLC, Gendell Jeffrey L, State Street Corp, Drexel Morgan & Co., Cetera Advisors LLC, First Dallas Securities Inc., and Cubist Systematic Strategies LLC. 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 $11.29.

How big of a company is Cleveland-Cliffs?

Cleveland-Cliffs has a market capitalization of $4.51 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 11/30/2020 by MarketBeat.com Staff

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