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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$12.87
Volume15.21M
Average Volume (3M)13.28M
Market Cap
$6.59B
Enterprise Value$10.57B
Total Cash (Recent Filing)$39.00M
Total Debt (Recent Filing)$3.77B
Price to Earnings (P/E)―
Beta1.47
Next Earnings
Feb 07, 2025EPS Estimate
-$0.29Last Dividend Ex-Date
Apr 02, 2020Dividend YieldN/A
Share Statistics
EPS (TTM)-0.96
Shares Outstanding493,943,553
10 Day Avg. Volume18,148,086
30 Day Avg. Volume13,278,392
Standard Deviation0.18
R-Squared0.31
Alpha0.00264
Financial Highlights & Ratios
Price to Book (P/B)0.93
Price to Sales (P/S)0.33
Price to Cash Flow (P/CF)-19.60
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.52
Enterprise Value/Gross Profit7.60
Enterprise Value/Ebitda10.98
Forecast
1Y Price Target
$16.05Price Target Upside24.71% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
Cleveland-Cliffs News
Bulls Say, Bears Say
Bulls Say
Analyst RecommendationAnalyst upgrades the shares of Cleveland-Cliffs from Neutral to Buy with a $16.50 price target, driven by the current steel price cycle and robust supply-side response.
EarningsAdjusted EBITDA of $124 million surpassed analyst consensus and forecasts, indicating strong financial performance.
Market PricesCleveland-Cliffs has increased its HRC offer price by $20 per ton to $750, suggesting optimism about future market conditions.
Bears Say
Financial PerformanceThe stock is falling in after-market trading as investors are concerned with low cash from ops generation in 3Q24, despite guidance for lower 2025 capex.
Market ConditionsDecreasing lead times and rising spot imports spreads suggest that the recovery will be capped.
Pricing StrategyThe Platts spot price has remained below both company's stated offer prices since the price hikes began in late July.
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Ownership Overview
2.00% Insiders
16.60% Mutual Funds
3.63% Other Institutional Investors
47.85% 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 Feb 07, 2025 which is in 90 days.
How were Cleveland-Cliffs Inc’s earnings last quarter?
Cleveland-Cliffs Inc released its earnings results on Nov 04, 2024. The company reported -$0.33 earnings per share for the quarter, missing the consensus estimate of -$0.312 by -$0.018.
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 -$0.29.
How many shares outstanding does Cleveland-Cliffs Inc have?
Cleveland-Cliffs Inc has 493,943,540 shares outstanding.
What happened to Cleveland-Cliffs Inc’s price movement after its last earnings report?
Cleveland-Cliffs Inc reported an EPS of -$0.33 in its last earnings report, missing expectations of -$0.312. Following the earnings report the stock price went down -11.442%.
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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Analyst Consensus
Moderate Buy
Average Price Target:
$16.05 (24.71% Upside)
$16.05 (24.71% Upside)
Blogger Sentiment
Bullish
CLF Sentiment 77%
Sector Average 71%
Sector Average 71%
Hedge Fund Trend
Increased
By 2.0M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Positive
Last 7 Days ▲ 0.3%
Last 30 Days ▲ 1.5%
Last 30 Days ▲ 1.5%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-22.98%
12-Months-Change
Fundamentals
Return on Equity
-6.20%
Trailing 12-Months
Asset Growth
-6.99%
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
Q3 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
$16.05
▲(24.71% Upside)
Technical Analysis
Best Analysts Covering CLF
1 Year
1 Year Success Rate
8/9 ratings generated profit
1 Year Average Return
+34.37%
reiterated a sell rating 4 months ago
Copying Timna Tanners's trades and holding each position for 1 Year would result in 88.89% of your transactions generating a profit, with an average return of +34.37% per trade.
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