Cliffs Natural Resources Company Profile (NYSE:CLF)

About Cliffs Natural Resources (NYSE:CLF)

Cliffs Natural Resources logoCleveland-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: $2.206 billion
  • Outstanding Shares: 296,506,000
Average Prices:
  • 50 Day Moving Avg: $7.36
  • 200 Day Moving Avg: $7.05
  • 52 Week Range: $4.91 - $12.37
P/E:
  • Trailing P/E Ratio: 32.20
  • Foreward P/E Ratio: 7.63
  • P/E Growth: -0.23
Sales & Book Value:
  • Annual Revenue: $2.34 billion
  • Price / Sales: 0.89
  • Book Value: ($2.66) per share
  • Price / Book: -2.64
Profitability:
  • EBITDA: $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: 10.42 million shs.
  • Beta: 1.65
  • 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) issued its quarterly earnings results on Friday, October, 20th. The company reported $0.36 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.30 by $0.06. The company had revenue of $698 million for the quarter, compared to analysts' expectations of $669.25 million. Cliffs Natural Resources had a negative return on equity of 13.83% and a net margin of 2.44%. The firm's revenue for the quarter was up 26.2% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.11) earnings per share. View Cliffs Natural Resources' Earnings History.

When will Cliffs Natural Resources make its next earnings announcement?

Cliffs Natural Resources is scheduled to release their next quarterly earnings announcement on Thursday, February, 8th 2018. View Earnings Estimates for Cliffs Natural Resources.

Where is Cliffs Natural Resources' stock going? Where will Cliffs Natural Resources' stock price be in 2017?

8 brokerages have issued 1 year price objectives for Cliffs Natural Resources' stock. Their forecasts range from $6.00 to $13.00. On average, they anticipate Cliffs Natural Resources' share price to reach $9.00 in the next twelve months. 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. According to Zacks Investment Research, "Cleveland-Cliffs remains focused on de-leveraging its balance sheet. It should also gain from major supply deals and an expected rise in steel demand in the United States. Cleveland-Cliffs is also committed to increasing shareholder returns through dividends and share buybacks. However, Cleveland-Cliffs is faced with a challenging operating environment and pricing headwinds. The company has also cut its profit outlook for 2017 factoring in lower expected iron ore pricing. Demand for iron ore in China also remain soft. The company has also underperformed the industry it belongs to year to date." (10/3/2017)
  • 2. 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)

Are investors shorting Cliffs Natural Resources?

Cliffs Natural Resources saw a increase in short interest in September. As of September 29th, there was short interest totalling 36,737,683 shares, an increase of 7.4% from the September 15th total of 34,202,811 shares. Based on an average trading volume of 9,263,305 shares, the days-to-cover ratio is presently 4.0 days. Approximately 13.2% of the company's stock are sold short.

Who are some of Cliffs Natural Resources' key competitors?

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

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 $7.02.


MarketBeat Community Rating for Cliffs Natural Resources (NYSE CLF)
Community Ranking:  1.6 out of 5 (star)
Outperform Votes:  339 (Vote Outperform)
Underperform Votes:  711 (Vote Underperform)
Total Votes:  1,050
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.

Analyst Ratings

Consensus Ratings for Cliffs Natural Resources (NYSE:CLF) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 2 Sell Ratings, 3 Hold Ratings, 3 Buy Ratings
Consensus Rating:Hold (Score: 2.13)
Consensus Price Target: $9.00 (28.21% upside)
Consensus Price Target History for Cliffs Natural Resources (NYSE:CLF)
Price Target History for Cliffs Natural Resources (NYSE:CLF)
Analysts' Ratings History for Cliffs Natural Resources (NYSE:CLF)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/20/2017FBR & CoReiterated RatingBuyN/AView Rating Details
10/17/2017Cowen and CompanySet Price TargetHold$7.00N/AView Rating Details
9/19/2017KeyCorpReiterated RatingHoldLowView Rating Details
9/18/2017Jefferies Group LLCReiterated RatingBuyLowView Rating Details
7/27/2017Clarkson CapitalReiterated RatingNeutralMediumView Rating Details
7/31/2017Axiom SecuritiesReiterated RatingSellHighView Rating Details
3/27/2017J P Morgan Chase & CoBoost Price TargetOverweight$12.00 -> $13.00HighView Rating Details
1/13/2017Credit Suisse GroupReiterated RatingUnderperform$6.00N/AView Rating Details
9/28/2016Morgan StanleyReiterated RatingSell$3.00N/AView Rating Details
8/29/2016MacquarieLower Price TargetOutperform$11.00 -> $10.00N/AView Rating Details
3/18/2016NomuraReiterated RatingReduce$1.50N/AView Rating Details
3/17/2016Bank of America CorporationReiterated RatingUnderperformN/AView Rating Details
2/5/2016Deutsche Bank AGLower Price TargetSell$1.50 -> $1.00N/AView Rating Details
(Data available from 10/21/2015 forward)

Earnings

Earnings History for Cliffs Natural Resources (NYSE:CLF)
Earnings by Quarter for Cliffs Natural Resources (NYSE:CLF)
Earnings History by Quarter for Cliffs Natural Resources (NYSE CLF)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
2/8/2018        
10/20/2017Q3 2017$0.30$0.36$669.25 million$698.00 millionViewN/AView Earnings Details
7/27/2017Q2 2017$0.18$0.26$485.93 million$569.30 millionViewN/AView Earnings Details
4/27/2017Q1 2017$0.16($0.11)$412.71 million$461.60 millionViewN/AView Earnings Details
2/9/2017Q416$0.23$0.42$662.09 million$754.00 millionViewListenView Earnings Details
10/27/2016Q316$0.19($0.11)$597.30 million$553.00 millionViewListenView Earnings Details
7/28/2016Q216$0.02$0.07$482.37 million$496.00 millionViewListenView Earnings Details
4/28/2016Q116($0.29)$0.62$280.92 million$306.00 millionViewListenView Earnings Details
1/27/2016Q415($0.26)($0.14)$508.96 million$470.60 millionViewListenView Earnings Details
10/29/2015Q315($0.23)($0.15)$595.78 million$593.00 millionViewListenView Earnings Details
7/29/2015Q215($0.11)($0.21)$602.76 million$498.00 millionViewListenView Earnings Details
4/28/2015Q115($0.19)$0.02$562.50 million$446.00 millionViewN/AView Earnings Details
2/2/2015Q414$0.15$1.00$1.23 billion$1.30 billionViewN/AView Earnings Details
10/27/2014Q314$0.05$0.21$1.28 billion$1.30 billionViewN/AView Earnings Details
7/23/2014Q214($0.08)($0.01)$1.18 billion$1.10 billionViewN/AView Earnings Details
4/24/2014Q114($0.21)($0.68)$982.96 million$940.00 millionViewN/AView Earnings Details
2/19/2014Q413$0.82$1.22$1.45 billion$1.52 billionViewN/AView Earnings Details
10/24/2013Q313$0.61$0.68$1.44 billion$1.55 billionViewN/AView Earnings Details
7/25/2013Q2 2013$0.73$0.82$1.43 billion$1.49 billionViewN/AView Earnings Details
4/24/2013Q1 2013$0.35$0.60$1.19 billion$1.14 billionViewN/AView Earnings Details
2/12/2013Q4 2012$0.55$0.62$1.53 billion$1.54 billionViewN/AView Earnings Details
10/24/2012$1.09$0.61ViewN/AView Earnings Details
7/25/2012$1.81$1.81ViewN/AView Earnings Details
4/25/2012$1.16$2.63ViewN/AView Earnings Details
2/15/2012$1.61$1.30ViewN/AView Earnings Details
10/27/2011$3.62$4.07ViewN/AView Earnings Details
7/27/2011$3.68$2.92ViewN/AView Earnings Details
4/28/2011$2.22$3.11ViewN/AView Earnings Details
2/16/2011$2.17$2.82ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Cliffs Natural Resources (NYSE:CLF)
2017 EPS Consensus Estimate: $0.95
2018 EPS Consensus Estimate: $0.90
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.06$0.13$0.10
Q2 20172$0.17$0.22$0.20
Q3 20172$0.29$0.30$0.30
Q4 20171$0.36$0.36$0.36
Q1 20181$0.06$0.06$0.06
Q2 20181$0.29$0.29$0.29
Q3 20181$0.28$0.28$0.28
Q4 20181$0.27$0.27$0.27
(Data provided by Zacks Investment Research)

Dividends

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 Payments by Quarter for Cliffs Natural Resources (NYSE:CLF)

Dividend History by Quarter for Cliffs Natural Resources (NYSE CLF)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
11/4/2014quarterly$0.155.38%11/12/201411/15/201412/1/2014
7/28/2014quarterly$0.153.41%8/13/20148/15/20149/2/2014
5/14/2014quarterly$0.153.37%5/21/20145/23/20146/3/2014
2/11/2014quarterly$0.152.73%2/19/20142/21/20143/3/2014
11/14/2013quarterly$0.152.22%11/20/201311/22/201312/2/2013
11/12/2013$0.1511/20/201311/22/201312/2/2013
7/9/2013quarterly$0.153.66%8/13/20138/15/20139/3/2013
5/7/2013quarterly$0.152.59%5/15/20135/17/20136/3/2013
2/13/2013quarterly$0.152.05%2/20/20132/22/20133/1/2013
(Data available from 1/1/2013 forward)

Insider Trades

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)
Institutional Ownership by Quarter for Cliffs Natural Resources (NYSE:CLF)
Insider Trades by Quarter for Cliffs Natural Resources (NYSE:CLF)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
9/15/2017Lourenco GoncalvesChairmanBuy100,000$7.11$711,000.00View SEC Filing  
8/10/2017Lourenco GoncalvesChairmanBuy100,000$7.19$719,000.00View SEC Filing  
5/3/2017John T BaldwinDirectorBuy6,000$6.32$37,920.00View SEC Filing  
5/3/2017Lourenco GoncalvesChairmanBuy200,000$6.31$1,262,000.00View SEC Filing  
5/2/2017Douglas C TaylorDirectorBuy3,750$6.61$24,787.50View SEC Filing  
5/1/2017Eric M RychelDirectorBuy3,000$6.55$19,650.00View SEC Filing  
4/28/2017Joseph A RutkowskiDirectorBuy2,500$6.77$16,925.00View SEC Filing  
11/3/2016Robert P Fisher JrDirectorBuy4,000$5.66$22,640.00View SEC Filing  
11/2/2016Eric M RychelDirectorBuy5,000$5.55$27,750.00View SEC Filing  
11/1/2016Susan Miranda GreenDirectorBuy1,770$5.65$10,000.50View SEC Filing  
10/31/2016John T BaldwinDirectorBuy10,000$5.49$54,900.00View SEC Filing  
10/28/2016Joseph A RutkowskiDirectorBuy6,000$5.32$31,920.00View SEC Filing  
5/9/2016Lourenco GoncalvesCEOBuy100,000$3.04$304,000.00View SEC Filing  
5/6/2016Douglas C TaylorDirectorSell7,231,520$3.81$27,552,091.20View SEC Filing  
11/6/2015Douglas C TaylorDirectorSell675,000$3.15$2,126,250.00View SEC Filing  
11/4/2015James S SawyerDirectorBuy25,000$3.07$76,750.00View SEC Filing  
5/26/2015Michael D SiegalDirectorBuy9,500$5.20$49,400.00View SEC Filing  
3/4/2015Lourenco GoncalvesCEOBuy100,000$6.50$650,000.00View SEC Filing  
3/2/2015Michael D SiegalDirectorBuy7,200$6.81$49,032.00View SEC Filing  
2/5/2015Joseph A RutkowskiDirectorBuy8,000$6.35$50,800.00View SEC Filing  
10/29/2014John T BaldwinDirectorBuy9,800$10.18$99,764.00View SEC Filing  
9/12/2014John T BaldwinDirectorBuy3,000$14.26$42,780.00View SEC Filing  
9/11/2014Douglas C TaylorDirectorBuy7,200$13.95$100,440.00View SEC Filing  
9/8/2014Gabriel StoliarDirectorBuy7,246$13.76$99,704.96View SEC Filing  
8/21/2014Robert P Fisher JrDirectorBuy6,000$16.46$98,760.00View SEC Filing  
11/5/2013Andres GluskiDirectorBuy1,040$28.33$29,463.20View SEC Filing  
11/1/2013Joseph A CarrabbaCEOSell50,000$26.94$1,347,000.00View SEC Filing  
10/30/2013Donald J GallagherEVPSell13,640$25.11$342,500.40View SEC Filing  
8/16/2013David BlakeSVPSell3,000$23.03$69,090.00View SEC Filing  
3/11/2013Steven M RaguzEVPSell4,000$24.01$96,040.00View SEC Filing  
3/11/2013Terrance M ParadieCFOSell3,700$24.04$88,948.00View SEC Filing  
(Data available from 1/1/2013 forward)

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Cliffs Natural Resources (CLF) Chart for Saturday, October, 21, 2017

This page was last updated on 10/21/2017 by MarketBeat.com Staff

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