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Cleveland-Cliffs Inc (CLF)
NYSE:CLF
Cleveland-Cliffs (CLF) Stock Price & Analysis
4,073 Followers
CLF Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$13.61 - $22.97
Previous Close$21.21
Volume5.58M
Average Volume (3M)8.39M
Market Cap
$10.35B
Enterprise Value$13.74B
Total Cash (Recent Filing)$198.00M
Total Debt (Recent Filing)$3.14B
Price to Earnings (P/E)27.3
Beta1.76
Next Earnings
Apr 22, 2024EPS Estimate
$0.22Last Dividend Ex-Date
Apr 02, 2020Dividend YieldN/A
Share Statistics
EPS (TTM)0.78
Shares Outstanding498,289,476
10 Day Avg. Volume6,497,307
30 Day Avg. Volume8,385,859
Standard Deviation0.18
R-Squared0.34
Alpha0.00694
Financial Highlights & Ratios
Price to Book (P/B)1.52
Price to Sales (P/S)2.07
Price to Cash Flow (P/CF)4.00
P/FCF Ratio5.20
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.62
Enterprise Value/Gross Profit9.88
Enterprise Value/Ebitda8.72
Forecast
1Y Price Target
$21.39Price Target Upside2.99% Upside
Rating ConsensusHold
Number of Analyst Covering8
Cleveland-Cliffs News
Bulls Say, Bears Say
Bulls Say
Financial HealthCleveland Cliffs has achieved a net debt level below the targeted $3 billion, reflecting a solid financial position and disciplined debt management.
Financial StrategyCleveland Cliffs' commitment to aggressive share buybacks demonstrates a strong focus on enhancing shareholder value.
Market OutlookAnticipated cost reductions and improving market conditions for the steel industry are poised to bolster Cleveland Cliffs' financial performance.
Bears Say
Analyst SentimentNeutral rating given our cautious view on U.S. hot-rolled coil (HRC) amid the ongoing correction in lead times and an anticipated increase in supply.
Commodity PricingUS Hot Rolled Coil (HRC) prices have fallen significantly, which could indicate potential near-term challenges for the steel industry.
Earnings GuidanceFor Q1’24, CLF guided for a $60/short ton (st) increase in realized pricing, modestly below prior expectations.
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Ownership Overview
16.14% Insiders
16.03% Mutual Funds
28.70% Other Institutional Investors
39.14% 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 Apr 22, 2024 which is in 3 days.
How were Cleveland-Cliffs Inc’s earnings last quarter?
Cleveland-Cliffs Inc released its earnings results on Jan 29, 2024. The company reported -$0.05 earnings per share for the quarter, missing the consensus estimate of -$0.047 by -$0.003.
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 $0.22.
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 -$0.05 in its last earnings report, missing expectations of -$0.047. Following the earnings report the stock price went up 6.564%.
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
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Analyst Consensus
Hold
Average Price Target:
$21.39 (2.99% Upside)
$21.39 (2.99% Upside)
Blogger Sentiment
Bullish
CLF Sentiment 75%
Sector Average 73%
Sector Average 73%
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 ▼ 1.3%
Last 30 Days ▼ 6.4%
Last 30 Days ▼ 6.4%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
22.88%
12-Months-Change
Fundamentals
Return on Equity
5.08%
Trailing 12-Months
Asset Growth
-6.49%
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
Q4 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
$21.39
▲(2.99% Upside)
Technical Analysis
Best Analysts Covering CLF
1 Year
1 Year Success Rate
24/39 ratings generated profit
1 Year Average Return
+61.42%
reiterated a buy rating 7 months ago
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