Cleveland-Cliffs Inc, formerly Cliffs Natural Resources Inc., is a mining and natural resources company. The Company is a supplier of iron ore pellets to the North American steel industry from its mines and pellet plants located in Michigan and Minnesota. The Company's segments include U.S. Iron Ore and Asia Pacific Iron Ore. The Company is a producer of iron ore pellets, primarily selling production from U.S. Iron Ore to integrated steel companies in the United States, Canada and Mexico. Its Asia Pacific Iron Ore operations are located in Western Australia and consist of its Koolyanobbing operation. The Koolyanobbing operations serve the Asian iron ore markets with direct-shipped fines and lump ore. In addition, the Company operates an iron ore mining complex in Western Australia. In the United States, the Company owned four operational iron ore mines and one indefinitely idled mine.
Industry, Sector and Symbol:
Capitalization:- Market Cap: $2.06368 billion
- Outstanding Shares: 296,506,000
Average Prices:- 50 Day Moving Avg: $7.65
- 200 Day Moving Avg: $7.30
- 52 Week Range: $4.91 - $12.37
P/E:- Trailing P/E Ratio: 31.47
- Foreward P/E Ratio: 7.00
- P/E Growth: -0.21
Sales & Book Value:- Annual Revenue: $2.34 billion
- Price / Sales: 0.87
- Book Value: ($2.66) per share
- Price / Book: -2.58
Profitability:- EBIDTA: $480.5 million
- Net Margins: 2.44%
- Return on Equity: -13.83%
- Return on Assets: 7.41%
Debt:- Debt-to-Equity Ratio: -2.42%
- Current Ratio: 2.20%
- Quick Ratio: 1.30%
Misc:- Average Volume: 11.16 million shs.
- Beta: 1.7
- Short Ratio: 3.1
Frequently Asked Questions for Cliffs Natural Resources (NYSE:CLF)
What is Cliffs Natural Resources' stock symbol?
Cliffs Natural Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "CLF."
How were Cliffs Natural Resources' earnings last quarter?
Cliffs Natural Resources Inc. (NYSE:CLF) released its quarterly earnings results on Thursday, July, 27th. The company reported $0.26 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.18 by $0.08. The company earned $569.30 million during the quarter, compared to analysts' expectations of $485.93 million. Cliffs Natural Resources had a negative return on equity of 13.83% and a net margin of 2.44%. The business's revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.07 earnings per share. View Cliffs Natural Resources' Earnings History.
When will Cliffs Natural Resources make its next earnings announcement?
Where is Cliffs Natural Resources' stock going? Where will Cliffs Natural Resources' stock price be in 2017?
9 brokerages have issued 12 month target prices for Cliffs Natural Resources' shares. Their forecasts range from $3.00 to $13.00. On average, they expect Cliffs Natural Resources' share price to reach $8.00 in the next year. View Analyst Ratings for Cliffs Natural Resources.
What are analysts saying about Cliffs Natural Resources stock?
Here are some recent quotes from research analysts about Cliffs Natural Resources stock:
- 1. FBR & Co analysts commented, "In June, Cleveland-Cliffs announced that it had selected Toledo, Ohio, as the site for its first hot briquetted iron (HBI) facility. We revisit the project economics with updated input prices and provide a sensitivity analysis considering volatile commodity markets. We are also switching our iron ore feedstock cost assumption to market prices (from Cliffs’ production costs previously). At market, we still derive an attractive pretax IRR of 24%, down slightly from ~25% previously on a comparable basis. The modest change is due to a rise in USIO prices, the largest determining factor in HBI’s cost structure. Slightly compensating for the increase in domestic iron ore prices was a gain in scrap metal prices, a signal of an improved HBI market. The scenario analysis bodes well for Cliffs, which we believe backs the company’s claim of a highly attractive growth project." (9/6/2017)
- 2. According to Zacks Investment Research, "Earnings estimate for Cliffs for the current quarter has been going down of late. The company has also underperformed the industry it belongs to over the past one year. Moreover, Cliffs is faced with a challenging operating environment and pricing headwinds. The company has also cut its profit outlook for 2017 due to lower expected iron ore pricing. Demand for iron ore in China also remain soft." (7/27/2017)
Who are some of Cliffs Natural Resources' key competitors?
Some companies that are related to Cliffs Natural Resources include Commercial Metals Company (CMC), Carpenter Technology Corporation (CRS), Grupo Simec SAB de CV (SIM), Mechel PAO (MTL), Gibraltar Industries (ROCK), SunCoke Energy Partners, L.P. (SXCP), SunCoke Energy (SXC), Dynamic Materials Corp. (BOOM), Olympic Steel (ZEUS), L.B. Foster Company (FSTR), Northwest Pipe Company (NWPX), Synalloy Corporation (SYNL) and Bushveld Minerals Limited (BMN).
Who are Cliffs Natural Resources' key executives?
Cliffs Natural Resources' management team includes the folowing people:
- Lourenco Celso Goncalves, Chairman of the Board, President, Chief Executive Officer
- Timothy K. Flanagan, Chief Financial Officer, Executive Vice President, Treasurer
- P. Kelly Tompkins, Chief Operating Officer, Executive Vice President
- Maurice D. Harapiak, Executive Vice President of Human Resources
- James D. Graham, Executive Vice President, Secretary, Chief Legal Officer
- Terry G. Fedor, Executive Vice President - United States Iron Ore
- Terrence R. Mee, Executive Vice President - Global Commercial
- Clifford T. Smith, Executive Vice President - Business Development
- R. Christopher Cebula, Chief Accounting Officer, Vice President, Corporate Controller
- Douglas C. Taylor, Lead Independent Director
Who owns Cliffs Natural Resources stock?
Cliffs Natural Resources' stock is owned by many different of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (10.78%), BlackRock Inc. (6.36%), State Street Corp (3.62%), Dimensional Fund Advisors LP (2.12%), Northern Trust Corp (1.68%) and Neuberger Berman Group LLC (1.24%). Company insiders that own Cliffs Natural Resources stock include Douglas C Taylor, Eric M Rychel, James S Sawyer, John T Baldwin, Joseph A Rutkowski, Lourenco Goncalves, Robert P Fisher Jr and Susan Miranda Green. View Institutional Ownership Trends for Cliffs Natural Resources.
Who sold Cliffs Natural Resources stock? Who is selling Cliffs Natural Resources stock?
Cliffs Natural Resources' stock was sold by a variety of institutional investors in the last quarter, including Horseman Capital Management Ltd, Bridgewater Associates LP, Schwab Charles Investment Management Inc., Mik Capital LLC, TIAA CREF Investment Management LLC, Bank of New York Mellon Corp, CIBC World Markets Inc. and Russell Investments Group Ltd.. View Insider Buying and Selling for Cliffs Natural Resources.
Who bought Cliffs Natural Resources stock? Who is buying Cliffs Natural Resources stock?
Cliffs Natural Resources' stock was acquired by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Balyasny Asset Management LLC, Dimensional Fund Advisors LP, Northern Trust Corp, State Street Corp, Chicago Equity Partners LLC, JHL Capital Group LLC and Taylor Asset Management Inc.. Company insiders that have bought Cliffs Natural Resources stock in the last two years include Douglas C Taylor, Eric M Rychel, James S Sawyer, John T Baldwin, Joseph A Rutkowski, Lourenco Goncalves, Robert P Fisher Jr and Susan Miranda Green. View Insider Buying and Selling for Cliffs Natural Resources.
How do I buy Cliffs Natural Resources stock?
Shares of Cliffs Natural Resources can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Cliffs Natural Resources' stock price today?
One share of Cliffs Natural Resources stock can currently be purchased for approximately $6.86.
MarketBeat Community Rating for Cliffs Natural Resources (NYSE CLF)MarketBeat's community ratings are surveys of what our community members think about Cliffs Natural Resources and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Cliffs Natural Resources (NYSE:CLF) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus 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 will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 3 Sell Ratings, 3 Hold Ratings, 3 Buy Ratings |
| Consensus Rating: | Hold (Score: 2.00) |
| Consensus Price Target: | $8.00 (16.62% upside) |
Analysts' Ratings History for Cliffs Natural Resources (NYSE:CLF)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 9/19/2017 | KeyCorp | Reiterated Rating | Hold | | Low |  |
| 9/18/2017 | Jefferies Group LLC | Reiterated Rating | Buy | | Low | |
| 9/6/2017 | FBR & Co | Reiterated Rating | Buy | $10.00 | Low | |
| 8/3/2017 | Cowen and Company | Reiterated Rating | Neutral -> Hold | | Medium | |
| 7/27/2017 | Clarkson Capital | Reiterated Rating | Neutral | | Medium | |
| 7/31/2017 | Axiom Securities | Reiterated Rating | Sell | | High | |
| 3/27/2017 | J P Morgan Chase & Co | Boost Price Target | Overweight | $12.00 -> $13.00 | High | |
| 1/13/2017 | Credit Suisse Group | Reiterated Rating | Underperform | $6.00 | N/A | |
| 9/28/2016 | Morgan Stanley | Reiterated Rating | Sell | $3.00 | N/A | |
| 8/29/2016 | Macquarie | Lower Price Target | Outperform | $11.00 -> $10.00 | N/A | |
| 3/18/2016 | Nomura | Reiterated Rating | Reduce | $1.50 | N/A | |
| 3/17/2016 | Bank of America Corporation | Reiterated Rating | Underperform | | N/A | |
| 2/5/2016 | Deutsche Bank AG | Lower Price Target | Sell | $1.50 -> $1.00 | N/A | |
(Data available from 9/23/2015 forward)
Earnings History for Cliffs Natural Resources (NYSE:CLF)Earnings History by Quarter for Cliffs Natural Resources (NYSE CLF)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 10/20/2017 | | $0.36 | | | | | N/A | |
| 7/27/2017 | Q2 2017 | $0.18 | $0.26 | $485.93 million | $569.30 million | View | N/A | |
| 4/27/2017 | Q1 2017 | $0.16 | ($0.11) | $412.71 million | $461.60 million | View | N/A | |
| 2/9/2017 | Q416 | $0.23 | $0.42 | $662.09 million | $754.00 million | View | Listen | |
| 10/27/2016 | Q316 | $0.19 | ($0.11) | $597.30 million | $553.00 million | View | Listen | |
| 7/28/2016 | Q216 | $0.02 | $0.07 | $482.37 million | $496.00 million | View | Listen | |
| 4/28/2016 | Q116 | ($0.29) | $0.62 | $280.92 million | $306.00 million | View | Listen | |
| 1/27/2016 | Q415 | ($0.26) | ($0.14) | $508.96 million | $470.60 million | View | Listen | |
| 10/29/2015 | Q315 | ($0.23) | ($0.15) | $595.78 million | $593.00 million | View | Listen | |
| 7/29/2015 | Q215 | ($0.11) | ($0.21) | $602.76 million | $498.00 million | View | Listen | |
| 4/28/2015 | Q115 | ($0.19) | $0.02 | $562.50 million | $446.00 million | View | N/A | |
| 2/2/2015 | Q414 | $0.15 | $1.00 | $1.23 billion | $1.30 billion | View | N/A | |
| 10/27/2014 | Q314 | $0.05 | $0.21 | $1.28 billion | $1.30 billion | View | N/A | |
| 7/23/2014 | Q214 | ($0.08) | ($0.01) | $1.18 billion | $1.10 billion | View | N/A | |
| 4/24/2014 | Q114 | ($0.21) | ($0.68) | $982.96 million | $940.00 million | View | N/A | |
| 2/19/2014 | Q413 | $0.82 | $1.22 | $1.45 billion | $1.52 billion | View | N/A | |
| 10/24/2013 | Q313 | $0.61 | $0.68 | $1.44 billion | $1.55 billion | View | N/A | |
| 7/25/2013 | Q2 2013 | $0.73 | $0.82 | $1.43 billion | $1.49 billion | View | N/A | |
| 4/24/2013 | Q1 2013 | $0.35 | $0.60 | $1.19 billion | $1.14 billion | View | N/A | |
| 2/12/2013 | Q4 2012 | $0.55 | $0.62 | $1.53 billion | $1.54 billion | View | N/A | |
| 10/24/2012 | | $1.09 | $0.61 | | | View | N/A | |
| 7/25/2012 | | $1.81 | $1.81 | | | View | N/A | |
| 4/25/2012 | | $1.16 | $2.63 | | | View | N/A | |
| 2/15/2012 | | $1.61 | $1.30 | | | View | N/A | |
| 10/27/2011 | | $3.62 | $4.07 | | | View | N/A | |
| 7/27/2011 | | $3.68 | $2.92 | | | View | N/A | |
| 4/28/2011 | | $2.22 | $3.11 | | | View | N/A | |
| 2/16/2011 | | $2.17 | $2.82 | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Cliffs Natural Resources (NYSE:CLF)2017 EPS Consensus Estimate: $1.08
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 2 | $0.06 | $0.13 | $0.10 |
| Q2 2017 | 2 | $0.17 | $0.22 | $0.20 |
| Q3 2017 | 2 | $0.36 | $0.38 | $0.37 |
| Q4 2017 | 1 | $0.42 | $0.42 | $0.42 |
| Q1 2018 | 1 | $0.07 | $0.07 | $0.07 |
| Q2 2018 | 1 | $0.28 | $0.28 | $0.28 |
(Data provided by Zacks Investment Research)
Current Dividend Information for Cliffs Natural Resources (NYSE:CLF)| 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)
|
Dividend History by Quarter for Cliffs Natural Resources (NYSE CLF)| 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)
Insider Trading and Institutional Ownership History for Cliffs Natural Resources (NYSE:CLF)Insider Ownership Percentage: 0.46%
Institutional Ownership Percentage: 58.28%
Insider Trades by Quarter for Cliffs Natural Resources (NYSE:CLF)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 9/15/2017 | Lourenco Goncalves | Chairman | Buy | 100,000 | $7.11 | $711,000.00 | |
| 8/10/2017 | Lourenco Goncalves | Chairman | Buy | 100,000 | $7.19 | $719,000.00 | |
| 5/3/2017 | John T Baldwin | Director | Buy | 6,000 | $6.32 | $37,920.00 | |
| 5/3/2017 | Lourenco Goncalves | Chairman | Buy | 200,000 | $6.31 | $1,262,000.00 | |
| 5/2/2017 | Douglas C Taylor | Director | Buy | 3,750 | $6.61 | $24,787.50 | |
| 5/1/2017 | Eric M Rychel | Director | Buy | 3,000 | $6.55 | $19,650.00 | |
| 4/28/2017 | Joseph A Rutkowski | Director | Buy | 2,500 | $6.77 | $16,925.00 | |
| 11/3/2016 | Robert P Fisher Jr | Director | Buy | 4,000 | $5.66 | $22,640.00 | |
| 11/2/2016 | Eric M Rychel | Director | Buy | 5,000 | $5.55 | $27,750.00 | |
| 11/1/2016 | Susan Miranda Green | Director | Buy | 1,770 | $5.65 | $10,000.50 | |
| 10/31/2016 | John T Baldwin | Director | Buy | 10,000 | $5.49 | $54,900.00 | |
| 10/28/2016 | Joseph A Rutkowski | Director | Buy | 6,000 | $5.32 | $31,920.00 | |
| 5/9/2016 | Lourenco Goncalves | CEO | Buy | 100,000 | $3.04 | $304,000.00 | |
| 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 | |
| 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 | |
| 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 | |
| 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)
Headline Trends for Cliffs Natural Resources (NYSE:CLF)
Latest Headlines for Cliffs Natural Resources (NYSE:CLF)
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Cliffs Natural Resources (CLF) Chart for Saturday, September, 23, 2017
