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Cleveland-Cliffs Inc (CLF)
NYSE:CLF
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CLF Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$10.21 - $22.97
Previous Close$11.87
Volume16.18M
Average Volume (3M)11.61M
Market Cap
$5.56B
Enterprise Value$9.21B
Total Cash (Recent Filing)$110.00M
Total Debt (Recent Filing)$3.51B
Price to Earnings (P/E)148.9
Beta1.43
Next Earnings
Oct 23, 2024EPS Estimate
-$0.21Last Dividend Ex-Date
Apr 02, 2020Dividend YieldN/A
Share Statistics
EPS (TTM)0.08
Shares Outstanding468,040,431
10 Day Avg. Volume16,425,692
30 Day Avg. Volume11,609,406
Standard Deviation0.18
R-Squared0.31
Alpha0.00056
Financial Highlights & Ratios
Price to Book (P/B)0.78
Price to Sales (P/S)0.26
Price to Cash Flow (P/CF)2.70
P/FCF Ratio3.20
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.42
Enterprise Value/Gross Profit6.62
Enterprise Value/Ebitda5.30
Forecast
1Y Price Target
$16.25Price Target Upside30.73% Upside
Rating ConsensusHold
Number of Analyst Covering8
Cleveland-Cliffs News
Bulls Say, Bears Say
Bulls Say
Debt ReductionThe strong FCF allowed Cliffs to reduce net debt by $237m and repurchase ~$125m of shares in the quarter.
Financial PerformanceCliffs reported 2Q EBITDA of $323m, which beat consensus of $283m.
Price RevisionCleveland-Cliffs announced that given ongoing market conditions it has made a $20/t upward revision to its HRC offer price to $750/t.
Bears Say
Financial PerformanceRecent downcycle in steel prices leads to a cut in 3Q24 EBITDA and potential lowering of consensus estimates.
Market PricesThe Platts spot price has remained below both company's stated offer prices since the price hikes began in late July.
Share BuybacksCLF's reduced propensity for share buybacks as it reprioritizes debt reduction.
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Ownership Overview
17.22% Insiders
17.74% Mutual Funds
45.64% Other Institutional Investors
19.40% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
ProductionRisks related to the company’s ability to manufacture goods and services
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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CLF FAQ
What was Cleveland-Cliffs Inc’s price range in the past 12 months?
Cleveland-Cliffs Inc lowest stock price was $10.21 and its highest was $22.97 in the past 12 months.
What is Cleveland-Cliffs Inc’s market cap?
Currently, no data Available
When is Cleveland-Cliffs Inc’s upcoming earnings report date?
Cleveland-Cliffs Inc’s upcoming earnings report date is Oct 23, 2024 which is in 29 days.
How were Cleveland-Cliffs Inc’s earnings last quarter?
Cleveland-Cliffs Inc released its earnings results on Jul 22, 2024. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of -$0.006 by $0.116.
Is Cleveland-Cliffs Inc overvalued?
According to Wall Street analysts Cleveland-Cliffs Inc’s price is currently Undervalued.
Does Cleveland-Cliffs Inc pay dividends?
Cleveland-Cliffs Inc pays a Quarterly dividend of $0.06 which represents an annual dividend yield of N/A. See more information on Cleveland-Cliffs Inc dividends here
What is Cleveland-Cliffs Inc’s EPS estimate?
Cleveland-Cliffs Inc’s EPS estimate is -$0.21.
How many shares outstanding does Cleveland-Cliffs Inc have?
Cleveland-Cliffs Inc has 468,040,440 shares outstanding.
What happened to Cleveland-Cliffs Inc’s price movement after its last earnings report?
Cleveland-Cliffs Inc reported an EPS of $0.11 in its last earnings report, beating expectations of -$0.006. Following the earnings report the stock price went up 4.405%.
Which hedge fund is a major shareholder of Cleveland-Cliffs Inc?
Among the largest hedge funds holding Cleveland-Cliffs Inc’s share is Slate Path Capital LP. It holds Cleveland-Cliffs Inc’s shares valued at 128M.
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Cleveland-Cliffs Stock Smart Score
Unlock Smart Score
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10
Analyst Consensus
Hold
Average Price Target:
$16.25 (30.73% Upside)
$16.25 (30.73% Upside)
Blogger Sentiment
Bullish
CLF Sentiment 82%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Increased
By 2.0M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $116.2K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▼ 0.5%
Last 30 Days ▲ 12.4%
Last 30 Days ▲ 12.4%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-17.91%
12-Months-Change
Fundamentals
Return on Equity
0.59%
Trailing 12-Months
Asset Growth
-7.51%
Trailing 12-Months
Company Description
Cleveland-Cliffs Inc
Cleveland-Cliffs, Inc. is an iron ore mining company. It supplies iron ore pellets to the North American steel industry from mines and pellet plants located in Michigan and Minnesota. It operates through the following segments: Mining & Pelletizing and Metallics. The Mining & Pelletizing segment owns operational iron ore mines plus and indefinitely idled mine. The Metallics segment constructs an HBI production plant in Toledo, Ohio. The company was founded in 1847 and is headquartered in Cleveland, OH.
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CLF Company Deck
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CLF Earnings Call
Q2 2024
0:00 / 0:00
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CLF Revenue Breakdown
30.04% Coated steel
19.70% Hot-rolled steel
13.89% Cold-rolled steel
10.13% Other steelmaking product lines
26.24% Other
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CLF Stock 12 Month Forecast
Average Price Target
$16.25
▲(30.73% Upside)
Technical Analysis
Best Analysts Covering CLF
1 Year
1 Year Success Rate
21/38 ratings generated profit
1 Year Average Return
+59.90%
reiterated a buy rating 5 months ago
Copying Lucas Pipes's trades and holding each position for 1 Year would result in 55.26% of your transactions generating a profit, with an average return of +59.90% per trade.
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