CLF - Cleveland-Cliffs Inc.

NYSE - NYSE Delayed Price. Currency in USD
11.84
+0.06 (+0.51%)
At close: 4:00PM EDT

11.88 +0.04 (0.34%)
After hours: 7:36PM EDT

Stock chart is not supported by your current browser
Previous Close11.78
Open11.78
Bid0.00 x 3000
Ask0.00 x 4000
Day's Range11.55 - 11.86
52 Week Range5.60 - 13.10
Volume6,396,574
Avg. Volume11,548,183
Market Cap3.528B
Beta (3Y Monthly)2.38
PE Ratio (TTM)7.99
EPS (TTM)1.48
Earnings DateOct 19, 2018
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2014-11-13
1y Target Est13.33
Trade prices are not sourced from all markets
  • What Wall Street Expects for Cleveland-Cliffs’s Debt
    Market Realist13 hours ago

    What Wall Street Expects for Cleveland-Cliffs’s Debt

    Cleveland-Cliffs (CLF) has come a long way with respect to its debt levels. The company’s change in management in 2014 and its focus on debt reduction have somewhat allayed investors’ concerns. During the Q2 2018 earnings call, Cleveland-Cliffs maintained that bringing its net debt below $1 billion is its second priority, after the focus on the HBI (hot-briquetted iron) plant.

  • Cleveland-Cliffs: What’s Driving Wall Street Earnings Estimates?
    Market Realist15 hours ago

    Cleveland-Cliffs: What’s Driving Wall Street Earnings Estimates?

    Analysts’ EBITDA estimates reflect their expectations for a company’s future profitability. Analysts usually derive these estimates from revenue projections, margin assumptions, or cost projections.

  • What Upside Is Priced into CLF’s Revenue Estimates for Q3 2018?
    Market Realist16 hours ago

    What Upside Is Priced into CLF’s Revenue Estimates for Q3 2018?

    Wall Street analysts expect Cleveland-Cliffs (CLF) to generate revenue of $731 million in the third quarter, which implies a rise of 4.7% YoY (year-over-year). This expectation is the result of the company’s guidance for higher volumes along with higher spot HRC (hot-rolled coil) prices prevailing in the market compared to last year’s corresponding period. As we discussed earlier in this series, CLF expects higher volumes in the third quarter.

  • ETF Trends2 days ago

    Steel ETF Steady Amid Sector Downgrade

    The VanEck Vectors Steel ETF (NYSEArca: SLX) was mostly steady Monday even after a major Wall Street bank downgraded domestic steel stocks, citing supply concerns. “Credit Suisse on Monday downgraded the ...

  • Will Strong Demand Aid Cleveland-Cliffs' (CLF) Q3 Earnings?
    Zacks2 days ago

    Will Strong Demand Aid Cleveland-Cliffs' (CLF) Q3 Earnings?

    Cleveland-Cliffs' (CLF) Q3 results to benefit from strong demand for pellets.

  • Could CLF’s US Realized Prices Surprise to the Upside in Q3 2018?
    Market Realist2 days ago

    Could CLF’s US Realized Prices Surprise to the Upside in Q3 2018?

    Along with volumes, realized revenues are among the most important components that drive a commodity company’s top line. Realized prices also help assess market sentiment, as they derive from existing market prices.

  • Why Cleveland-Cliffs (CLF) Might Surprise This Earnings Season
    Zacks2 days ago

    Why Cleveland-Cliffs (CLF) Might Surprise This Earnings Season

    Cleveland-Cliffs (CLF) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

  • Why Cleveland-Cliffs’s US Volumes Could Grow in Q3 2018
    Market Realist2 days ago

    Why Cleveland-Cliffs’s US Volumes Could Grow in Q3 2018

    Cleveland-Cliffs (CLF) reported volumes of ~6 million long tons for its US (DIA) iron ore (or USIO) division for Q2 2018. The volumes during the quarter reflect a YoY (year-over-year) increase of 38%. The primary reasons for the increase in volumes were increased customer demand and change in the method of sales recognition.

  • Benzinga2 days ago

    Credit Suisse Downgrades American Steel Sector On Supply, Interest Rate Concerns

    The volatile steel sector has yet to obtain the stamp of approval from sell-side firms despite expectations that President Donald Trump's tariffs could lend support.  Ahead of the third-quarter reporting ...

  • Is It Too Late to Downgrade US Steel Stocks?
    Market Realist2 days ago

    Is It Too Late to Downgrade US Steel Stocks?

    On October 15, Credit Suisse downgraded the US steel sector to a “market weight” from an “overweight” rating. Credit Suisse downgraded Nucor (NUE) and Cleveland Cliffs (CLF). Several other brokerages have also taken bearish views on US steel stocks.

  • 5 Great Basic Materials Stocks to Buy Ahead of Q3 Earnings
    Zacks3 days ago

    5 Great Basic Materials Stocks to Buy Ahead of Q3 Earnings

    Total Q3 earnings for the sector are expected to be up 34.9% on 14.7% higher revenues.

  • Cleveland-Cliffs (CLF) Q3 Earnings Preview: What to Expect
    Zacks6 days ago

    Cleveland-Cliffs (CLF) Q3 Earnings Preview: What to Expect

    Cleveland-Cliffs (CLF) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Business Wire6 days ago

    Cliffs’ New Labor Contract with the United Steelworkers Ratified for its Michigan and Minnesota Mining Operations

    Cleveland-Cliffs Inc. announced today that its employees represented by the United Steelworkers at its Tilden and Empire mines in Michigan, and its United Taconite and Hibbing Taconite mines in Minnesota ratified a new 4-year labor contract.

  • Analysts Have Been Downgrading U.S. Steel Recently
    Market Realist7 days ago

    Analysts Have Been Downgrading U.S. Steel Recently

    U.S. Steel Corporation (X) is scheduled to release its third-quarter earnings results on November 1. The stock has received “buy” or higher ratings from eight analysts, while six analysts have given it “hold” ratings. The remaining two analysts polled by Thomson Reuters on October 9 have given it “sell” or equivalent ratings.

  • Analysts Weigh in on US Steel Stocks before Their Q3 2018 Results
    Market Realist7 days ago

    Analysts Weigh in on US Steel Stocks before Their Q3 2018 Results

    The third-quarter earnings season is fast approaching. Steel Dynamics (STLD) will be the first major steel company to release its quarterly performance on October 17. This release will be followed by Nucor’s (NUE) earnings release on October 18.

  • Moody's8 days ago

    Cleveland-Cliffs Inc. -- Moody's upgrades Cliffs Ratings (CFR to B1); outlook stable

    Moody's Investors Service ("Moody's") upgraded Cleveland-Cliffs Inc's (Cliffs) Corporate Family Rating (CFR) and Probability of Default Rating to B1 and B1-PD from B2 and B2-PD respectively. The senior secured guaranteed notes were upgraded to Ba2 from Ba3, the senior unsecured guaranteed notes were upgraded to B1 from B2 and the senior unsecured notes were upgraded to B3 from Caa1. The speculative grade liquidity rating was upgraded to SGL-1 from SGL-2.

  • Cleveland-Cliffs Wraps Up Full Redemption of Notes Due 2020
    Zacks9 days ago

    Cleveland-Cliffs Wraps Up Full Redemption of Notes Due 2020

    Cleveland-Cliffs' (CLF) latest move lowers annualized interest expense by roughly $10 million.

  • US Steel Stocks Reel under the Impact of Twin Peaks
    Market Realist10 days ago

    US Steel Stocks Reel under the Impact of Twin Peaks

    As we noted previously in this series, US steel prices have peaked. We could see them gradually taper down as domestic steel production rises and the Trump administration defines the Section 232 exemptions.

  • Has Chinese Steel Demand Peaked?
    Market Realist10 days ago

    Has Chinese Steel Demand Peaked?

    According to an October 1 Bloomberg article, citing an Australian government report, steel “production in China will peak in 2018 and then shrink next year as local demand drops.” This isn’t the first time that concerns over peak Chinese steel demand have cropped up.

  • Business Wire10 days ago

    Cleveland-Cliffs Completes Full Redemption of Senior Notes Due 2020

    Cleveland-Cliffs Inc. announced today that, as of the close of business on October 5, 2018, it has redeemed in full, as set forth in notices of redemption issued on September 5, 2018, all of its outstanding 5.90% senior notes due March 2020 and 4.80% senior notes due October 2020.

  • Cleveland-Cliffs (CLF) Gains As Market Dips: What You Should Know
    Zacks12 days ago

    Cleveland-Cliffs (CLF) Gains As Market Dips: What You Should Know

    Cleveland-Cliffs (CLF) closed the most recent trading day at $12.36, moving +0.57% from the previous trading session.

  • US Steel Demand Outlook: Could Automotive Play Spoilsport?
    Market Realist12 days ago

    US Steel Demand Outlook: Could Automotive Play Spoilsport?

    As we noted previously in this series, the markets are concerned that US steel prices have peaked. Steel prices, like other commodities, eventually depend on supply-and-demand dynamics. The construction, automotive, and energy industries are the leading steel consumers.

  • How the Peak Steel Sentiment Is Offsetting Trump’s Tariffs
    Market Realist12 days ago

    How the Peak Steel Sentiment Is Offsetting Trump’s Tariffs

    Deutsche Bank recently downgraded U.S. Steel Corporation (X) from a “buy” to a “hold.” The brokerage also lowered its price target from $47 to $35. According to Deutsche Bank, US steel prices have peaked.

  • Could China’s Steel Demand Moderate as Tariffs Continue to Bite?
    Market Realist14 days ago

    Could China’s Steel Demand Moderate as Tariffs Continue to Bite?

    Cleveland-Cliffs (CLF) announced the closure of the sale of its Asia-Pacific iron ore assets to Mineral Resources on August 28. Through this final step, its direct exposure to the volatile seaborne iron ore market is over. The company’s exit from the direct seaborne iron ore business is expected to reduce its stock’s volatility. The company is primarily a US-based (DIA)(IVV) iron ore pellet producer and should be valued as such. However, the seaborne iron ore prices impact Cleveland-Cliffs indirectly.

  • CLF Impact: How US Steel Prices Could Progress in Q4 2018
    Market Realist14 days ago

    CLF Impact: How US Steel Prices Could Progress in Q4 2018

    Steel prices are a major driver of steelmakers’ earnings and revenues. According to S&P Global Platts, US (SPY)(IVV) hot rolled coil (or HRC) prices have fallen 2.7% from their July average to $893 per short ton. While prices have corrected recently, the overall momentum in steel prices has remained strong.