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Cleveland-Cliffs Inc (CLF)
NYSE:CLF
Cleveland-Cliffs (CLF) Stock Price & Analysis
4,097 Followers
CLF Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$13.61 - $22.97
Previous Close$18.55
Volume9.54M
Average Volume (3M)8.79M
Market Cap
$9.26B
Enterprise Value$12.42B
Total Cash (Recent Filing)$198.00M
Total Debt (Recent Filing)$3.14B
Price to Earnings (P/E)23.9
Beta1.77
Next Earnings
Jul 19, 2024EPS Estimate
$0.24Last Dividend Ex-Date
Apr 02, 2020Dividend YieldN/A
Share Statistics
EPS (TTM)0.78
Shares Outstanding498,289,476
10 Day Avg. Volume10,224,096
30 Day Avg. Volume8,791,016
Standard Deviation0.18
R-Squared0.34
Alpha0.00694
Financial Highlights & Ratios
Price to Book (P/B)1.34
Price to Sales (P/S)1.79
Price to Cash Flow (P/CF)3.50
P/FCF Ratio4.60
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.56
Enterprise Value/Gross Profit8.93
Enterprise Value/Ebitda7.88
Forecast
1Y Price Target
$21.67Price Target Upside18.03% Upside
Rating ConsensusHold
Number of Analyst Covering9
Cleveland-Cliffs News
Bulls Say, Bears Say
Bulls Say
Cost ManagementCleveland-Cliffs is guiding for a significant reduction in costs, which could lead to a substantial $500 million improvement in EBITDA, highlighting efficient operations and potential profit growth.
Financial PerformanceCleveland-Cliffs reported strong financial performance with free cash flow exceeding expectations and reducing net debt below their $3 billion target, indicating robust financial health.
Stock BuybackCleveland-Cliffs has announced an aggressive $1.5 billion share buyback program, signaling confidence in the company’s future and a potential boost to shareholder value.
Bears Say
Company DebtThe company has notably increased its net debt to fund stock buybacks, raising concerns about financial strategy amidst challenging market conditions.
Financial PerformanceCLF reported adjusted EBITDA significantly lower than analyst expectations, indicating potential operational challenges.
Market PricingU.S. Hot Rolled Coil prices have dropped considerably, suggesting looming difficulties for the steel sector.
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Ownership Overview
16.14% Insiders
16.21% Mutual Funds
29.31% Other Institutional Investors
38.33% 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 $13.61 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 Jul 19, 2024 which is in 85 days.
How were Cleveland-Cliffs Inc’s earnings last quarter?
Cleveland-Cliffs Inc released its earnings results on Apr 22, 2024. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.219 by -$0.039.
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 $0.24.
How many shares outstanding does Cleveland-Cliffs Inc have?
Cleveland-Cliffs Inc has 498,289,500 shares outstanding.
What happened to Cleveland-Cliffs Inc’s price movement after its last earnings report?
Cleveland-Cliffs Inc reported an EPS of $0.18 in its last earnings report, missing expectations of $0.219. Following the earnings report the stock price went down -11.031%.
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 142M.
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Cleveland-Cliffs Stock Smart Score
Neutral
1
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5
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7
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9
10
Analyst Consensus
Hold
Average Price Target:
$21.67 (18.03% Upside)
$21.67 (18.03% Upside)
Blogger Sentiment
Bullish
CLF Sentiment 70%
Sector Average 72%
Sector Average 72%
Hedge Fund Trend
Decreased
By 2.4M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $5.0M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▲ 0.4%
Last 30 Days ▼ 6.2%
Last 30 Days ▼ 6.2%
News Sentiment
Very Bearish
Bullish news 0%
Bearish news 100%
Bearish news 100%
Technicals
SMA
Positive
20 days / 200 days
Momentum
13.01%
12-Months-Change
Fundamentals
Return on Equity
5.19%
Trailing 12-Months
Asset Growth
-7.59%
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 Earnings Call
Q1 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 Months Forecast
Average Price Target
$21.67
▲(18.03% Upside)
Technical Analysis
Best Analysts Covering CLF
1 Year
1 Year Success Rate
25/40 ratings generated profit
1 Year Average Return
+59.39%
reiterated a buy rating 7 months ago
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