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NYSE:CLF

Cleveland-Cliffs (CLF) Stock Forecast, Price & News

$21.79
+0.20 (+0.93%)
(As of 05/20/2022 12:00 AM ET)
Add
Compare
Today's Range
$20.96
$22.33
50-Day Range
$21.17
$33.07
52-Week Range
$15.81
$34.04
Volume
16.17 million shs
Average Volume
22.05 million shs
Market Capitalization
$11.43 billion
P/E Ratio
3.18
Dividend Yield
N/A
Beta
2.16
30 days | 90 days | 365 days | Advanced Chart
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Cleveland-Cliffs logo

About Cleveland-Cliffs

Cleveland-Cliffs is the largest flat-rolled steel company and the largest iron ore pellet producer in North America. The company is vertically integrated from mining through iron making, steelmaking, rolling, finishing and downstream with hot and cold stamping of steel parts and components. 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.

Headlines

MarketBeat: Week in Review 4/25 – 4/29 (CLF)
The market is down as positive earnings reports in the tech sector were not enough to offset the effect of the hot (PCE) price index numbers. Before next week's full slate of earnings reports, here are some of the stocks the MarketBeat team was analyzing this week.
Is Cleveland-Cliffs Stock a Safe Bet After Earnings?
Cleveland-Cliffs (NYSE:CLF) stock remains in sharp decline on the second trading day after posting a strong earnings report on April 22, 2022.
See More Headlines

Industry, Sector and Symbol

Industry
Metal mining
Sub-Industry
Steel
CUSIP
18683K10
Employees
26,000
Year Founded
1847

Sales & Book Value

Annual Sales
$20.44 billion
Cash Flow
$8.89 per share
Book Value
$12.59 per share

Profitability

Net Income
$2.99 billion
Pretax Margin
21.42%

Debt

Price-To-Earnings

Miscellaneous

Free Float
517,233,000
Market Cap
$11.43 billion
Optionable
Optionable

Company Calendar

Last Earnings
4/22/2022
Today
5/20/2022
Next Earnings (Estimated)
7/28/2022
Fiscal Year End
12/31/2022

Social Links


MarketRank

Overall MarketRank

2.17 out of 5 stars

Basic Materials Sector

102nd out of 240 stocks

Metal Mining Industry

7th out of 29 stocks

Analyst Opinion: 3.4Community Rank: 3.7Dividend Strength: 0.0Insider Behavior: 2.5Valuation: 1.3 5 -4 -3 -2 -1 -













Cleveland-Cliffs (NYSE:CLF) Frequently Asked Questions

Is Cleveland-Cliffs a buy right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cleveland-Cliffs in the last twelve months. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Cleveland-Cliffs stock.
View analyst ratings for Cleveland-Cliffs
or view top-rated stocks.

When is Cleveland-Cliffs' next earnings date?

Cleveland-Cliffs is scheduled to release its next quarterly earnings announcement on Thursday, July 28th 2022.
View our earnings forecast for Cleveland-Cliffs
.

How were Cleveland-Cliffs' earnings last quarter?

Cleveland-Cliffs Inc. (NYSE:CLF) posted its quarterly earnings data on Friday, April, 22nd. The mining company reported $1.71 earnings per share for the quarter, beating analysts' consensus estimates of $1.44 by $0.27. The mining company had revenue of $5.96 billion for the quarter, compared to analysts' expectations of $5.43 billion. Cleveland-Cliffs had a net margin of 16.77% and a trailing twelve-month return on equity of 78.74%. The business's quarterly revenue was up 47.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.35 earnings per share.
View Cleveland-Cliffs' earnings history
.

What price target have analysts set for CLF?

7 brokerages have issued 1 year target prices for Cleveland-Cliffs' shares. Their forecasts range from $23.00 to $47.00. On average, they expect Cleveland-Cliffs' stock price to reach $32.48 in the next twelve months. This suggests a possible upside of 49.1% from the stock's current price.
View analysts' price targets for Cleveland-Cliffs
or view top-rated stocks among Wall Street analysts.

What are Wall Street analysts saying about Cleveland-Cliffs stock?
Here are some recent quotes from research analysts about Cleveland-Cliffs stock:
  • 1. According to Zacks Investment Research, "Earnings estimates for Cleveland-Cliffs for the fourth quarter of 2021 have been stable over the past month. Cleveland-Cliffs should gain from its merger with AK Steel that is expected to offer operational synergies and boost shareholders’ value. The company should also benefit from significant synergies of the ArcelorMittal USA acquisition. The buyout has made it the largest flat-rolled steel producer in North America. Moreover, the addition of its hot briquetted iron (HBI) plant is expected to create new demand for the company. Also, the Mining and Pelletizing operation is gaining from low-cost, high-quality, iron ore pellet production with substantial logistics and transportation advantages. Higher steel prices should also drive the company’s margins. The company has also outperformed the industry it belongs to over the past year." (1/4/2022)
  • 2. B. Riley analysts commented, " (10/25/2021)
Who are Cleveland-Cliffs' key executives?
Cleveland-Cliffs' management team includes the following people:
  • Mr. C. Lourenco Goncalves, Chairman, Pres & CEO (Age 60) (LinkedIn Profile)
  • 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.

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 a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.48%), BlackRock Inc. (7.49%), State Street Corp (3.37%), Fisher Asset Management LLC (2.11%), Invesco Ltd. (1.19%) and Bank of New York Mellon Corp (0.89%). Company insiders that own Cleveland-Cliffs stock include Celso L Goncalves Jr, Janet L Miller, John T Baldwin, Keith Koci, Lourenco Goncalves, Ralph S Michael III, 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 Graham Capital Management L.P., Fisher Asset Management LLC, Group One Trading L.P., Cetera Advisors LLC, Principal Financial Group Inc., Invesco Ltd., Wolverine Asset Management LLC, and IMC Chicago LLC.
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 acquired by a variety of institutional investors in the last quarter, including GQG Partners LLC, Contrarius Investment Management Ltd, Twin Tree Management LP, State Street Corp, Vanguard Group Inc., First Trust Advisors LP, BlackRock Inc., and Renaissance Technologies LLC. Company insiders that have bought Cleveland-Cliffs stock in the last two years include Celso L Goncalves Jr, Janet L Miller, Keith Koci, Lourenco Goncalves, Ralph S Michael III, 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 $21.79.

How much money does Cleveland-Cliffs make?

Cleveland-Cliffs has a market capitalization of $11.43 billion and generates $20.44 billion in revenue each year. The mining company earns $2.99 billion in net income (profit) each year or $6.849990 on an earnings per share basis.

How many employees does Cleveland-Cliffs have?

Cleveland-Cliffs employs 26,000 workers across the globe.

Does Cleveland-Cliffs have any subsidiaries?

The following companies are subsidiares of Cleveland-Cliffs: AK Steel, ArcelorMittal, Cliffs Mining Company, Cliffs Minnesota Mining Company, Cliffs TIOP Holding LLC, Cliffs TIOP II LLC, Cliffs TIOP Inc., Cliffs UTAC Holding LLC, Consolidated Thompson Iron Mines Limited, IronUnits LLC, Northshore Mining Company, PinnOak Resources, and The Cleveland-Cliffs Iron Company.

When was Cleveland-Cliffs founded?

Cleveland-Cliffs was founded in 1847.

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, via email at [email protected], or via fax at 216-694-4880.

This page was last updated on 5/20/2022 by MarketBeat.com Staff

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