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Cleveland-Cliffs Inc (CLF)
NYSE:CLF
Holding CLF?
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CLF Stock Chart & Stats
Day’s Range― - ―
52-Week Range$8.99 - $22.97
Previous CloseN/A
Volume7.91M
Average Volume (3M)16.07M
Market Cap
$5.05B
Enterprise Value$9.95B
Total Cash (Recent Filing)$323.40M
Total Debt (Recent Filing)$2.18B
Price to Earnings (P/E)―
Beta1.39
Next Earnings
Feb 07, 2025EPS Estimate
-0.54Last Dividend Ex-Date
Apr 02, 2020Dividend YieldN/A
Share Statistics
EPS (TTM)-0.96
Shares Outstanding493,943,540
10 Day Avg. Volume15,222,244
30 Day Avg. Volume16,069,729
Standard Deviation0.19
R-Squared0.31
Alpha-0.00368
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.25
Price to Cash Flow (P/CF)-15.10
P/FCF Ratio0.00
Enterprise Value/Market Cap1.97
Enterprise Value/Revenue0.49
Enterprise Value/Gross Profit7.15
Enterprise Value/Ebitda10.35
Forecast
1Y Price Target
$13.59Price Target Upside30.42% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering8
Cleveland-Cliffs News
Bulls Say, Bears Say
Bulls Say
Cost ManagementManagement reduced 2024 capex guidance by ~$50m, lowering their expected range to $600 - $650m.
Financial PerformanceAdj. EBITDA of $124m beat the VA consensus of $116m and our forecast of $108m.
Strategic AcquisitionsCleveland-Cliffs has transformed itself from an iron ore miner to the largest integrated steelmaker in North America through the acquisition of two of its largest customers, AK Steel and ArcelorMittal USA.
Bears Say
Demand ConcernsAuto steel demand will continue to weaken into 2025.
Financial PerformanceForecast EBITDA is significantly lower than the previous forecast.
Investor ConcernsThe 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.
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Ownership Overview
1.97% Insiders
17.18% Mutual Funds
0.67% Other Institutional Investors
54.72% 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 $8.99 and its highest was $22.97 in the past 12 months.
What is Cleveland-Cliffs Inc’s market cap?
Cleveland-Cliffs Inc’s market cap is $5.05B.
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 20 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 $0.059 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 -0.54.
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 153M.
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Cleveland-Cliffs Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$13.59 (30.42% Upside)
$13.59 (30.42% Upside)
Blogger Sentiment
Bullish
CLF Sentiment 84%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Increased
By 2.0M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $18.3K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Negative
Last 7 Days ▼ 0.9%
Last 30 Days ▼ 1.0%
Last 30 Days ▼ 1.0%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-42.36%
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
Earnings Call Sentiment|Neutral
The earnings call presented a mixed view with significant achievements in cost reduction and strategic expansions through acquisitions and projects. However, it also highlighted challenges from weak demand and pricing pressures in the steel and automotive markets. The outlook for 2025 is optimistic, but current market conditions have posed significant challenges.Read More>---
CLF Revenue Breakdown
97.36% Steelmaking
2.64% Other Businesses
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CLF Stock 12 Month Forecast
Average Price Target
$13.59
▲(30.42% Upside)
Technical Analysis
United States Steel
―
Nucor
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Steel Dynamics
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ArcelorMittal
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Reliance Steel
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Commercial Metals Company
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Best Analysts Covering CLF
1 Year
1 Year Success Rate
8/9 ratings generated profit
1 Year Average Return
+37.20%
reiterated a sell rating 6 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 +37.20% per trade.
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