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

$7.62
+0.33 (+4.53 %)
(As of 10/13/2019 04:00 PM ET)
Today's Range
$7.39
Now: $7.62
$7.69
50-Day Range
$6.78
MA: $7.66
$8.62
52-Week Range
$6.64
Now: $7.62
$12.26
Volume13.58 million shs
Average Volume15.04 million shs
Market Capitalization$2.06 billion
P/E Ratio3.58
Dividend Yield3.29%
Beta2.04
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$2.59 per share
Book Value$1.42 per share

Profitability

Net Income$1.13 billion

Miscellaneous

Employees2,926
Market Cap$2.06 billion
Next Earnings Date10/23/2019 (Confirmed)
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 declared a quarterly dividend on Tuesday, September 3rd. Investors of record on Friday, October 4th will be given a dividend of $0.06 per share on Tuesday, October 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date is Thursday, October 3rd. View Cleveland-Cliffs' Dividend History.

How will Cleveland-Cliffs' stock buyback program work?

Cleveland-Cliffs declared that its board has authorized a share buyback program on Monday, November 26th 2018, which allows the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 7.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.

How were Cleveland-Cliffs' earnings last quarter?

Cleveland-Cliffs Inc (NYSE:CLF) issued its quarterly earnings results on Friday, July, 19th. The mining company reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.11. The mining company earned $697.40 million during the quarter, compared to analyst estimates of $624.23 million. Cleveland-Cliffs had a net margin of 50.72% and a return on equity of 238.16%. The firm's revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.55 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 Wednesday, October 23rd 2019. View Earnings Estimates for Cleveland-Cliffs.

How can I listen to Cleveland-Cliffs' earnings call?

Cleveland-Cliffs will be holding an earnings conference call on Wednesday, October 23rd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

What price target have analysts set for CLF?

9 Wall Street analysts have issued twelve-month price objectives for Cleveland-Cliffs' stock. Their forecasts range from $5.00 to $14.00. On average, they expect Cleveland-Cliffs' stock price to reach $10.22 in the next twelve months. This suggests a possible upside of 34.1% from the stock's current price. View Analyst Price Targets for Cleveland-Cliffs.

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

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cleveland-Cliffs in the last year. There are currently 1 sell rating, 3 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Cleveland-Cliffs.

Has Cleveland-Cliffs been receiving favorable news coverage?

News headlines about CLF stock have been trending negative on Sunday, InfoTrie Sentiment Analysis reports. InfoTrie rates the sentiment of press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Cleveland-Cliffs earned a media sentiment score of -2.6 on InfoTrie's scale. They also assigned news headlines about the mining company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the next several days. View News Stories for Cleveland-Cliffs.

Are investors shorting Cleveland-Cliffs?

Cleveland-Cliffs saw a increase in short interest in the month of September. As of September 15th, there was short interest totalling 99,210,000 shares, an increase of 12.3% from the August 15th total of 88,380,000 shares. Based on an average daily trading volume, of 10,280,000 shares, the days-to-cover ratio is presently 9.7 days. Approximately 37.6% of the shares of the stock are short sold. View Cleveland-Cliffs' Current Options Chain.

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), Transocean (RIG), United States Steel (X), Chesapeake Energy (CHK) and General Electric (GE).

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 a number of of institutional and retail investors. Top institutional investors include Hennessy Advisors Inc. (0.53%), Ipswich Investment Management Co. Inc. (0.02%), Allred Capital Management LLC (0.01%), Buckley Wealth Management LLC (0.01%) and Gradient Investments LLC (0.00%). Company insiders that own Cleveland-Cliffs stock include Eric M Rychel, John T Baldwin, 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 Hennessy Advisors Inc.. View Insider Buying and Selling for Cleveland-Cliffs.

Which institutional investors are buying Cleveland-Cliffs stock?

CLF stock was acquired by a variety of institutional investors in the last quarter, including Allred Capital Management LLC, Ipswich Investment Management Co. Inc., Gradient Investments LLC and Buckley Wealth Management 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, 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, Robinhood, Fidelity and Charles Schwab.

What is Cleveland-Cliffs' stock price today?

One share of CLF stock can currently be purchased for approximately $7.62.

How big of a company is Cleveland-Cliffs?

Cleveland-Cliffs has a market capitalization of $2.06 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:  1.9 out of 5 (star)
Outperform Votes:  611 (Vote Outperform)
Underperform Votes:  1,031 (Vote Underperform)
Total Votes:  1,642
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 10/13/2019 by MarketBeat.com Staff

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