NYSE:CLF - Cleveland-Cliffs Stock Price, News, & Analysis

$9.62
+0.01 (+0.10 %)
(As of 06/17/2019 04:00 PM ET)
Today's Range
$9.49
Now: $9.62
$9.70
50-Day Range
$8.70
MA: $9.65
$10.30
52-Week Range
$7.40
Now: $9.62
$13.10
Volume4.11 million shs
Average Volume10.24 million shs
Market Capitalization$2.72 billion
P/E Ratio4.52
Dividend Yield2.08%
Beta1.82
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. Read More…

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.33 billion
Cash Flow$2.4794 per share
Book Value$1.42 per share

Profitability

Net Income$1.13 billion

Miscellaneous

Employees2,926
Market Cap$2.72 billion
Next Earnings Date7/19/2019 (Estimated)
OptionableOptionable

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Cleveland-Cliffs (NYSE:CLF) Frequently Asked Questions

What is Cleveland-Cliffs' stock symbol?

Cleveland-Cliffs trades on the New York Stock Exchange (NYSE) under the ticker symbol "CLF."

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

Cleveland-Cliffs announced a quarterly dividend on Friday, May 31st. Stockholders of record on Friday, July 5th will be paid a dividend of $0.06 per share on Monday, July 15th. This represents a $0.24 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend is Wednesday, July 3rd. This is a positive change from Cleveland-Cliffs's previous quarterly dividend of $0.05. View Cleveland-Cliffs' Dividend History.

How will Cleveland-Cliffs' stock buyback program work?

Cleveland-Cliffs declared that its Board of Directors has authorized a share repurchase plan on Monday, November 26th 2018, which permits the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 7.7% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's leadership believes its stock is undervalued.

How were Cleveland-Cliffs' earnings last quarter?

Cleveland-Cliffs Inc (NYSE:CLF) announced its earnings results on Thursday, April, 25th. The mining company reported ($0.08) EPS for the quarter, topping the Thomson Reuters' consensus estimate of ($0.14) by $0.06. The mining company earned $157 million during the quarter, compared to analyst estimates of $116.91 million. Cleveland-Cliffs had a return on equity of 786.91% and a net margin of 51.54%. The business's revenue was down 12.8% on a year-over-year basis. During the same period last year, the company earned ($0.08) earnings per share. View Cleveland-Cliffs' Earnings History.

When is Cleveland-Cliffs' next earnings date?

Cleveland-Cliffs is scheduled to release their next quarterly earnings announcement on Friday, July 19th 2019. View Earnings Estimates for Cleveland-Cliffs.

What price target have analysts set for CLF?

10 Wall Street analysts have issued 1-year price targets for Cleveland-Cliffs' stock. Their predictions range from $5.00 to $17.00. On average, they expect Cleveland-Cliffs' stock price to reach $12.6667 in the next year. This suggests a possible upside of 31.7% from the stock's current price. View Analyst Price Targets for Cleveland-Cliffs.

What is the consensus analysts' recommendation for Cleveland-Cliffs?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cleveland-Cliffs in the last year. There are currently 1 sell rating, 2 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Cleveland-Cliffs.

Has Cleveland-Cliffs been receiving favorable news coverage?

Media headlines about CLF stock have been trending somewhat positive this week, InfoTrie Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Cleveland-Cliffs earned a daily sentiment score of 1.4 on InfoTrie's scale. They also gave press coverage about the mining company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the near term. View News Stories 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 Rite Aid (rad), Bank of America (BAC), Freeport-McMoRan (FCX), Advanced Micro Devices (AMD), Micron Technology (MU), AK Steel (AKS), United States Steel (X), General Electric (GE), Transocean (RIG) and Chesapeake Energy (CHK).

Who are Cleveland-Cliffs' key executives?

Cleveland-Cliffs' management team includes the folowing 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)

Who are Cleveland-Cliffs' major shareholders?

Cleveland-Cliffs' stock is owned by many different of retail and institutional investors. Top institutional shareholders include Ruffer LLP (6.19%), AJO LP (1.00%), Neuberger Berman Group LLC (0.92%), Hodges Capital Management Inc. (0.62%), Hennessy Advisors Inc. (0.60%) and Gallagher Fiduciary Advisors LLC (0.57%). Company insiders that own Cleveland-Cliffs stock include Eric M Rychel, Keith Koci, Lourenco Goncalves, 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 Ruffer LLP, Chartwell Investment Partners LLC, Hodges Capital Management Inc., Hennessy Advisors Inc., James Investment Research Inc., Adirondack Research & Management Inc., Creative Planning and Empirical Finance LLC. View Insider Buying and Selling 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 AJO LP, Picton Mahoney Asset Management, Brightline Capital Management LLC, Kennedy Capital Management Inc., ClariVest Asset Management LLC, Oppenheimer & Co. Inc., Virginia Retirement Systems ET AL and MYDA Advisors LLC. Company insiders that have bought Cleveland-Cliffs stock in the last two years include Eric M Rychel, Keith Koci, Lourenco Goncalves, Michael D Siegal and Robert P Fisher Jr. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Cleveland-Cliffs' stock price today?

One share of CLF stock can currently be purchased for approximately $9.62.

How big of a company is Cleveland-Cliffs?

Cleveland-Cliffs has a market capitalization of $2.72 billion and generates $2.33 billion in revenue each year. The mining company earns $1.13 billion in net income (profit) each year or $2.13 on an earnings per share basis. Cleveland-Cliffs employs 2,926 workers across the globe.View Additional Information About Cleveland-Cliffs.

What is Cleveland-Cliffs' official website?

The official website for Cleveland-Cliffs is http://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]


MarketBeat Community Rating for Cleveland-Cliffs (NYSE CLF)

Community Ranking:  1.8 out of 5 (star)
Outperform Votes:  584 (Vote Outperform)
Underperform Votes:  1,007 (Vote Underperform)
Total Votes:  1,591
MarketBeat's community ratings are surveys of what our community members think about Cleveland-Cliffs and other stocks. Vote "Outperform" if you believe CLF will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CLF will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 6/17/2019 by MarketBeat.com Staff

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