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

$6.83
-0.31 (-4.34 %)
(As of 10/23/2019 02:20 PM ET)
Today's Range
$6.60
Now: $6.83
$7.45
50-Day Range
$6.78
MA: $7.49
$8.62
52-Week Range
$6.64
Now: $6.83
$12.26
Volume865,421 shs
Average Volume15.84 million shs
Market Capitalization$1.84 billion
P/E Ratio3.21
Dividend Yield3.43%
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$2.42 per share
Book Value$1.42 per share

Profitability

Net Income$1.13 billion

Miscellaneous

Employees2,926
Market Cap$1.84 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 paid a dividend of $0.06 per share on Tuesday, October 15th. This represents a $0.24 annualized dividend and a yield of 3.51%. The ex-dividend date of this dividend is Thursday, October 3rd. View Cleveland-Cliffs' Dividend History.

How will Cleveland-Cliffs' stock buyback program work?

Cleveland-Cliffs announced that its board has initiated a stock repurchase program on Monday, November 26th 2018, which allows the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 7.7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board of directors believes its shares are undervalued.

How were Cleveland-Cliffs' earnings last quarter?

Cleveland-Cliffs Inc (NYSE:CLF) issued its quarterly earnings data on Wednesday, October, 23rd. The mining company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.09. The mining company earned $555.60 million during the quarter, compared to analyst estimates of $544.88 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 down 25.1% compared to the same quarter last year. During the same period last year, the company earned $1.41 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.

What price target have analysts set for CLF?

9 Wall Street analysts have issued 1-year price targets for Cleveland-Cliffs' stock. Their forecasts range from $5.00 to $13.00. On average, they expect Cleveland-Cliffs' stock price to reach $10.00 in the next twelve months. This suggests a possible upside of 46.4% 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?

Press coverage about CLF stock has been trending somewhat positive recently, according to InfoTrie. InfoTrie rates the sentiment of news coverage by analyzing more than six thousand blog and news sources. 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 news sentiment score of 2.0 on InfoTrie's scale. They also gave headlines about the mining company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company's share price in the near term. View News Stories for Cleveland-Cliffs.

Are investors shorting Cleveland-Cliffs?

Cleveland-Cliffs saw a increase in short interest during 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 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 company are sold short. 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), General Electric (GE) and Intel (INTC).

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 shareholders include Hennessy Advisors Inc. (0.53%), Foundry Partners LLC (0.30%), Virginia Retirement Systems ET AL (0.05%), Envestnet Asset Management Inc. (0.05%), Alberta Investment Management Corp (0.04%) and Ipswich Investment Management Co. Inc. (0.02%). 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 major investors are selling Cleveland-Cliffs stock?

CLF stock was sold by a variety of institutional investors in the last quarter, including Hennessy Advisors Inc. and CWM LLC. View Insider Buying and Selling for Cleveland-Cliffs.

Which major investors are buying Cleveland-Cliffs stock?

CLF stock was bought by a variety of institutional investors in the last quarter, including Foundry Partners LLC, Alberta Investment Management Corp, Allred Capital Management LLC, Envestnet Asset Management Inc., Navellier & Associates Inc, Fox Run Management L.L.C., SeaCrest Wealth Management LLC and Moors & Cabot Inc.. 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 $6.83.

How big of a company is Cleveland-Cliffs?

Cleveland-Cliffs has a market capitalization of $1.84 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:  614 (Vote Outperform)
Underperform Votes:  1,036 (Vote Underperform)
Total Votes:  1,650
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 10/23/2019 by MarketBeat.com Staff

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