CLF - Cleveland-Cliffs Inc.
12.14 +0.03 (0.25%)
After hours: 7:24PM EDT
| Previous Close | 12.20 |
| Open | 12.25 |
| Bid | 12.02 x 42300 |
| Ask | 12.15 x 36100 |
| Day's Range | 11.95 - 12.46 |
| 52 Week Range | 5.60 - 12.46 |
| Volume | 11,305,890 |
| Avg. Volume | 11,490,945 |
| Market Cap | 3.608B |
| Beta | 2.96 |
| PE Ratio (TTM) | 8.17 |
| EPS (TTM) | 1.48 |
| Earnings Date | Oct 18, 2018 - Oct 22, 2018 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | 2014-11-13 |
| 1y Target Est | 12.11 |
Market Realist•10 hours agoUS Steel Companies Upbeat on Outlook despite Trade War
In the previous part, we discussed Nucor’s (NUE) third-quarter earnings guidance. In this part, we’ll discuss Steel Dynamics’ third-quarter guidance. The guidance was released after the markets closed on September 17.
Market Realist•11 hours agoNucor’s Q3 2018 Guidance: Markets Were Disappointed
Last week, Nucor (NUE), the largest US-based steel producer, released its third-quarter guidance. The company expects to post an EPS of $2.35–$2.40 in the quarter. Nucor posted an EPS of $2.13 in the second quarter and $0.79 in the third quarter of 2017. Nucor’s third-quarter earnings guidance was in line with analysts’ estimates. Previously, Nucor posted better-than-expected guidance in the second quarter.
Market Realist•11 hours agoSteel Companies in Q3 2018: Earnings, Tariffs, and the Trade War
Now, we’re approaching the end of the third quarter. Nucor (NUE) released its third-quarter earnings guidance on September 14, while Steel Dynamics (STLD) released its earnings guidance on September 17. In this series, we’ll discuss Nucor and Steel Dynamics’ third-quarter guidance. We’ll also analyze the third-quarter guidance provided by other steel companies during their second-quarter earnings call. We’ll discuss steel companies’ outlook.
- Zacks•12 hours ago
Do Options Traders Know Something About Cleveland-Cliffs (CLF) Stock We Don't?
Investors need to pay close attention to Cleveland-Cliffs (CLF) stock based on the movements in the options market lately.
Market Realist•yesterdayMetals and Mining Stocks Gain amid Toned-Down Tariffs
Metals and mining stocks are showing strength. As of 1:00 PM EDT on September 18, Freeport-McMoRan (FCX) and Alcoa (AA) have risen 2.9% and 1.1%, respectively. In the steel space, U.S. Steel Corporation (X) and Cleveland-Cliffs (CLF) are trading with gains of 2.5% and 3.1%, respectively.
Market Realist•2 days agoShould the US Be Competing in Commoditized Industries?
Earlier this year, President Trump imposed tariffs on US steel and aluminum imports. US steel companies like U.S. Steel Corporation (X) and AK Steel (AKS) have blamed more imports for their woes. Notably, China’s share in the global steel and aluminum markets has grown multi-fold.
- Zacks•2 days ago
Is Cleveland-Cliffs (CLF) Outperforming Other Basic Materials Stocks This Year?
Is (CLF) Outperforming Other Basic Materials Stocks This Year?
- Zacks•2 days ago
Cleveland-Cliffs (CLF) Soars to 52-Week High, Time to Cash Out?
Cleveland-Cliffs (CLF) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
- Zacks•2 days ago
Zacks.com highlights: Cleveland-Cliffs, North American Construction Group, General Finance, Vertex Energy and Photronics
Zacks.com highlights: Cleveland-Cliffs, North American Construction Group, General Finance, Vertex Energy and Photronics
- Motley Fool•4 days ago
What Am I Missing With This Cheap Mining Stock?
The market may be overlooking Cleveland-Cliffs.
- Market Realist•6 days ago
What Will 2019 Bring for US Steel Companies?
As noted in the previous article, steel companies’ valuations look attractive based on forward EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) multiples. However, these multiples are based on analysts’ earnings estimates, so it is prudent to read the multiples in conjunction with earnings estimates.
Market Realist•7 days agoConcerns about Chinese Steel Prices Could Be Overblown
China (FXI) is the world’s largest steel producer and consumer. The country’s steel overcapacity and exports have been blamed for depressing global steel prices. However, Chinese steel exports have come down sharply from their 2015 highs. In August, China exported 5.8 million metric tons of steel products, a yearly fall of 9.8%. In the first eight months of 2018, Chinese steel exports have fallen 13.3% to 47.2 million metric tons.
Market Realist•8 days agoDo Section 232 Exemptions Pose a Big Risk to US Steel Stocks?
President Trump has left the door open for exemptions from Section 232 tariffs. The exemptions would be on a product level as well as a country level. So far, countries like South Korea, Brazil, and Argentina have managed to see exemptions from Section 232 tariffs. The uncertainty about Section 232 exemptions is one reason why investors have shied away from steel stocks. In this article, we’ll see how Section 232 exemptions could impact US steel prices.
Market Realist•8 days agoUS Steel Industry Reaches Key Milestone Wilbur Ross Wanted
According to AISI (American Iron and Steel Institute) data, US steel production rose 9.8% YoY in the week ending September 8. On a year-to-date basis, US steel production has risen 4.1% compared to the same period in 2017.
Market Realist•9 days agoUS Steel Stocks: Tough to Love, Even Tougher to Hate
While several industries have been crying foul over President Trump’s trade policies, the US steel industry has been among the biggest benefactors of these trade policies. Earlier this year, Trump imposed a 25% tariff on US steel imports, triggering a wave of joy in US steel companies. To be sure, we’ve started to see the impact of these tariffs on the US steel industry. US steel production has gained traction, while imports have fallen on a yearly basis this year.
Market Realist•9 days agoAre US Steel Stocks at a Tipping Point?
Steel stocks, including U.S. Steel Corporation (X), ArcelorMittal (MT), and AK Steel (AKS), are trading with double-digit losses this year. But after a rather dismal 2018, steel stocks could be at a tipping point.
Market Realist•9 days agoAre Miners Looking Cheap? J.P. Morgan Thinks So, Upgrades Rio Tinto
Today, J.P. Morgan (JPM) upgraded Rio Tinto (RIO), believing that demand from China (FXI) should pick up over the coming months. It also believes that miners’ valuations are cheap compared to the same stages of previous cycles.
- Market Realist•9 days ago
After Two Upgrades, Is AK Steel Ready to Break Free?
Upgrades and Buybacks: Are US Steel Stocks at a Tipping Point? AK Steel (AKS) has been one of the worst-performing steel stocks this year based on a year-to-date price action. U.S. Steel Corporation (X) and ArcelorMittal (MT) have fallen 17.2% and 11%, respectively, over that period.
Market Realist•10 days agoHow Trump’s Tariffs Are Affecting Chinese Steel Industry
Earlier this year, President Trump imposed Section 232 tariffs on US steel and aluminum imports. September marks the sixth month since tariffs came into effect. The tariffs have helped lift US steel production and curb imports. On a year-to-date basis, US steel imports have fallen 10.3% year-over-year in the first seven months of 2018. Steel imports from China have also fallen. In the first six months of 2018, China exported 0.34 million metric tons of steel to the US, which is ~2.1% of the total US steel imports during this period. US steel and iron ore producers like U.S. ...
Market Realist•12 days agoWhy Did Jefferies Increase Its Target Price for Cleveland-Cliffs?
Today, Jefferies analyst Seth Rosenelf raised the target price for Cleveland-Cliffs (CLF) from $11 to $13 while maintaining a “buy” rating on the stock. Cleveland-Cliffs stock has seen a turn in fortunes, as far as analyst sentiment is concerned, since March.
Market Realist•12 days agoWhy Do Analysts Love Vale SA?
The number of analysts recommending a “buy” for Vale (VALE) has increased in the last few months. Currently, 73.0% of the analysts covering Vale stock recommend a “buy,” compared with 56.0% at the end of April. Approximately 23.0% of analysts recommend a “hold,” and 4.0% recommend a “sell.” Vale’s target price implies a 17.0% upside based on its current market price.
Market Realist•12 days agoWhat Could Turn the Tide in AK Steel’s Favor?
AK Steel (AKS) has been the worst-performing steel stock among the steel companies we’re covering in this series based on YTD (year-to-date) price action. The stock has fallen 23.1% YTD.
Market Realist•13 days agoUS Steel Companies Embrace Their Stocks amid Investors’ Apathy
US steel stocks are having a dismal run so far in 2018. Based on September 6 closing prices, U.S. Steel (X) and AK Steel (AKS) have lost 15.5% and 25.3%, respectively. Cleveland-Cliffs (CLF) has bucked this trend, and the stock is up 44.0% year-to-date (or YTD). In comparison, the SPDR S&P 500 ETF (SPY) has gained 8.9% YTD.
Market Realist•13 days agoRio Tinto Stock: Are Analysts Turning Away?
Of the 14 analysts covering Rio Tinto (RIO) stock, 57.0% recommend a “buy,” 29.0% recommend a “hold,” and 14.0% recommend a “sell.” One year ago, 80.0% of analysts recommended a “buy.”
Market Realist•13 days agoWhy Are Analysts Turning Around for Cleveland-Cliffs?
According to Thomson Reuters, 73.0% of the analysts covering Cleveland-Cliffs (CLF) stock recommend a “buy,” 27.0% recommend a “hold,” and there were no “sell” ratings. CLF’s target price of $11.90 implies an upside of 21.0% based on its current market price. At the end of March, Cleveland-Cliffs had “buy” ratings from only 30.0% of the analysts.
