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Cliffs Natural Resources Inc. (CLF)

NYSE - Nasdaq Real Time Price. Currency in USD
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7.435+0.275 (+3.841%)
As of 3:36PM EDT. Market open.
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  • d
    derka
    derka
    62% Iron Ore up $2.53 at $77.94. Good day
  • D
    Doug
    Doug
    Yesterday was just shorts trying to push out weak longs! 3rd qrt will be very good and share price will show it!
  • M
    MinnesotaMiner
    MinnesotaMiner
    Cliffs used to be a $100/share company. We are at the level we are now for a variety of reasons including lower ore prices, a former CEO that put the company under water, to much foreign steel, and a former president that seemed to be against mining. Most of these factors are gone. A large amount of the debt is being paid off, a president who is for American mining jobs and American steel, and cliffs investing in the future (i.e. New mustang plant and soon to come HBI plant in Toledo). These are all great factors for cliffs to return to where it used to be. While this may take time, I think we are heading in the right direction.
  • M
    Michel
    Michel

    Metal Bulletin’s 62% Fe Iron Ore Index Today: $77.94 per tonne
    https://www.metalbulletin.com/Article/3742450/Latest-news/IRON-ORE-PRICES-Benchmark-index-closes-in-on-78-per-tonne-cfr-China.html

    IRON ORE PRICES: Benchmark index closes in on $78 per tonne cfr China | Metal Bulletin.com
    Iron ore prices surged to almost $78 per tonne cfr China on Friday August 18 amid a sharp increase in the futures market ahead of the weekend.
    www.metalbulletin.com
  • K
    Keith
    Keith
    More good news out of China, they are going to CURTAIL their steel and aluminum capacity. This is why US steel is spiking and if you talk to any of the steel processing guys, you will find out that scrap steel jumped big time and they all received warnings for spikes in steel cost coming down the road. They are all pre-buying now to make money on the increase. It is amazing that no bad news has been issued on this stock and it sits around $7.50 all the time.
  • J
    JPCAGTW
    JPCAGTW
    Buying opportunity.
  • d
    dan
    dan
    Clf is trading at a price/ebitda of 3.3. With the much improved balance sheet and io back in the mid 70s, clf should be trading at a multiple of at least 5. 5x ebitda would be a share price of $10.83
  • A
    A Magnum
    A Magnum
    ArcelorMittal SA, a $41B company, with its subsidiaries owns and operates steel manufacturing and mining facilities in:

    a-Europe
    b-North and South America
    c-Asia
    d-Africa

    MT operates through five segments, which include NAFTA; Europe; Brazil; Africa and Commonwealth of Independent States (ACIS), and Mining.

    In their 8/16/17 Newswire addressed the situation in South Africa’s “negative Impact” to their bottom line seems to imply a shift with possibly adding/replacing more mature and profitable companies to their portfolio. IMHO AKS and CLF seem to be good candidates.

    It is a fact AKS and CLF have turned the corner with improved earning potential, even without Secrion232 (which may be brought to the front again).

    Someone is buying on these dips and it is an interesting thought, just another reason for me to be long in in all three..
    Happy investing!
  • G
    GEO77
    GEO77
    Does everyone have an unlimited amount of money to invest?
  • B
    Bill
    Bill
    another day crossing$7.50
  • M
    Mary
    Mary
    Weekly chart shows the MACD crossing over the 0. Last two times this stock did this looks like SP doubled in a week or 2.
    GLTL.
  • l
    ledzepper
    ledzepper
    Now we're cooking with electric arc
  • A
    Anonymous
    Anonymous
    Thursday Oct. 26th at 7:00 am. Whisper number: Consensus .34 Revenue 656.14. Longs will take that. GO CLF and Team
  • i
    imagine
    imagine
    Elliot (Activist Investor) took a 5% stake in BHP as reported on today. Maybe this is another reason for the love flowing into steel/IO today
  • l
    ledzepper
    ledzepper
    I'll take it
  • F
    Funduck
    Funduck
    1801 IO is up 4.28% on the DCE. Steady rise in last session and serious spike within 15 minutes of close. Cleaned up more than 1/2 of previous weeks drop in just 2-1/2hrs.
  • a
    autumn9991
    autumn9991

    Cliffs Natural Resources Renames Itself Cleveland-Cliffs Inc. I like it.
    https://finance.yahoo.com/news/cliffs-natural-resources-renames-itself-110000579.html

    Cliffs Natural Resources Renames Itself Cleveland-Cliffs Inc.
    Cliffs Natural Resources Inc. announces today that it has re-named the Company to its historical name Cleveland-Cliffs Inc. Under the name Cleveland-Cliffs, the Company has been for many decades an important part of the North American iron and steel
    finance.yahoo.com
  • M
    Michel
    Michel

    Metal Bulletin’s 62% Fe Iron Ore Index Today: $75.41 per tonne
    https://www.metalbulletin.com/Article/3742189/Latest-news/IRON-ORE-PRICES-Benchmark-index-bounces-back-to-75-per-tonne-cfr-China.html

    IRON ORE PRICES: Benchmark index bounces back to $75 per tonne cfr China | Metal Bulletin.com
    Iron ore prices rebounded on Thursday August 17 and returned above the $75-per-tonne mark amid strong increases in China's futures and steel markets.
    www.metalbulletin.com
  • n
    no
    no
    How much would MT offer on a buyout, I am guessing around $15 would do it
  • I
    Idontreadmarketrealist
    Idontreadmarketrealist

    This is Reuters, not marketrealist or such. Go Cliffy.

    http://www.reuters.com/article/us-usa-steel-tariffs-idUSKCN1AV10R

    Despite delay, U.S. expected to impose steel tariffs
    U.S. President Donald Trump is still expected to impose steel import tariffs on national security grounds despite the delay of a probe into the matter and pursuit of multilateral talks to reduce excess capacity, industry players and trade experts say
    www.reuters.com