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

$6.46
-0.28 (-4.15 %)
(As of 02/25/2020 04:00 PM ET)
Today's Range
$6.26
Now: $6.46
$6.80
50-Day Range
$6.74
MA: $7.51
$8.00
52-Week Range
$6.26
Now: $6.46
$11.61
Volume17.23 million shs
Average Volume10.44 million shs
Market Capitalization$1.75 billion
P/E Ratio6.15
Dividend Yield3.56%
Beta2.06
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$1.99 billion
Cash Flow$1.36 per share
Book Value$1.33 per share

Profitability

Net Income$292.80 million

Miscellaneous

Employees2,926
Market Cap$1.75 billion
Next Earnings Date4/23/2020 (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 Tuesday, February 18th. Stockholders of record on Friday, April 3rd will be given a dividend of $0.06 per share on Wednesday, April 15th. This represents a $0.24 annualized dividend and a dividend yield of 3.72%. The ex-dividend date of this dividend is Thursday, April 2nd. View Cleveland-Cliffs' Dividend History.

How will Cleveland-Cliffs' stock buyback program work?

Cleveland-Cliffs declared that its board has initiated a share repurchase program on Monday, November 26th 2018, which authorizes the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes 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 believes its stock is undervalued.

How were Cleveland-Cliffs' earnings last quarter?

Cleveland-Cliffs Inc (NYSE:CLF) released its quarterly earnings results on Thursday, February, 20th. The mining company reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.24 by $0.01. The mining company earned $534.10 million during the quarter, compared to the consensus estimate of $549.75 million. Cleveland-Cliffs had a net margin of 14.71% and a return on equity of 100.50%. The firm's revenue was down 23.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.03 EPS. View Cleveland-Cliffs' Earnings History.

When is Cleveland-Cliffs' next earnings date?

Cleveland-Cliffs is scheduled to release their next quarterly earnings announcement on Thursday, April 23rd 2020. 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 Thursday, February 27th 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?

10 brokers have issued twelve-month price objectives for Cleveland-Cliffs' shares. Their forecasts range from $8.00 to $12.00. On average, they anticipate Cleveland-Cliffs' share price to reach $10.33 in the next year. This suggests a possible upside of 60.0% 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 5 hold ratings, 4 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Cleveland-Cliffs.

Has Cleveland-Cliffs been receiving favorable news coverage?

Headlines about CLF stock have been trending very negative on Tuesday, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Cleveland-Cliffs earned a daily sentiment score of -3.0 on InfoTrie's scale. They also assigned media stories about the mining company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next few days. 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 Bank of America (BAC), Freeport-McMoRan (FCX), Rite Aid (RAD), Advanced Micro Devices (AMD), Micron Technology (MU), AK Steel (AKS), Transocean (RIG), Intel (INTC), Ford Motor (F) 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 variety of of retail and institutional investors. Top institutional investors include LSV Asset Management (4.31%), State Street Corp (4.08%), Bank of New York Mellon Corp (1.80%), Victory Capital Management Inc. (1.78%), Victory Capital Management Inc. (1.76%) and Principal Financial Group Inc. (1.31%). 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 Heartland Advisors Inc., Hodges Capital Management Inc., Point72 Asset Management L.P., New York State Common Retirement Fund, James Investment Research Inc., Alliancebernstein L.P., California Public Employees Retirement System and Virtu Financial 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 State Street Corp, LSV Asset Management, Bank of New York Mellon Corp, Principal Financial Group Inc., Victory Capital Management Inc., Victory Capital Management Inc., Aequim Alternative Investments LP and Public Sector Pension Investment Board. 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 $6.46.

How big of a company is Cleveland-Cliffs?

Cleveland-Cliffs has a market capitalization of $1.75 billion and generates $1.99 billion in revenue each year. The mining company earns $292.80 million in net income (profit) each year or $1.12 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:  641 (Vote Outperform)
Underperform Votes:  1,067 (Vote Underperform)
Total Votes:  1,708
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 2/25/2020 by MarketBeat.com Staff

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