CLF - Cleveland-Cliffs Inc.
| Previous Close | 10.03 |
| Open | 10.00 |
| Bid | 10.30 x 3000 |
| Ask | 10.38 x 800 |
| Day's Range | 9.96 - 10.38 |
| 52 Week Range | 5.96 - 13.10 |
| Volume | 5,099,314 |
| Avg. Volume | 9,597,804 |
| Market Cap | 3.07B |
| Beta (3Y Monthly) | 2.78 |
| PE Ratio (TTM) | 3.76 |
| EPS (TTM) | 2.74 |
| Earnings Date | Jan 23, 2019 - Jan 28, 2019 |
| Forward Dividend & Yield | 0.05 (0.51%) |
| Ex-Dividend Date | 2019-01-03 |
| 1y Target Est | 13.39 |
Market Realist•2 days agoHow US Steel Companies Have Utilized Their Bumper Earnings
As noted in the previous articles, US steel companies’ earnings have improved this year after Section 232 tariffs lifted US steel prices. In this article, we’ll see what companies are doing with their bumper earnings.
Market Realist•2 days agoSteel Companies Tone Down Expectations after Steel Price Rout
In the previous article, we looked at steel companies’ third-quarter earnings and noted that steel companies posted record or near record earnings in the quarter. In this article, we’ll look at steel companies’ fourth-quarter guidance.
Market Realist•3 days agoIs the Fed Solely to Blame for the Market Sell-Off?
The Fed has raised rates three times in 2018. The Fed appears to be on track to raise rates for the fourth time next month. On multiple occasions, President Trump has spoken against the Fed’s tightening.
- Zacks•3 days ago
Is Cleveland-Cliffs (CLF) a Great Value Stock Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Market Realist•3 days agoWhat Lies Ahead for US Steel Mills after This Year’s Windfall?
US steel prices rose sharply in the first half of 2018 as President Trump’s Section 232 tariffs lifted US steel prices with the benchmark HRC (hot roll coil) prices rising to a decade high. Higher spot steel prices supported US steel companies’ average selling prices (or ASP) in the last two quarters. However, spot steel prices fell last month. Although prices have stabilized after companies like Nucor (NUE) and ArcelorMittal (MT) announced price hikes, they are still below their 2018 highs.
Market Realist•3 days agoUS Steel Demand: Is the ‘Buyer Strike’ Over?
As noted previously, steel companies like ArcelorMittal (MT), Nucor (NUE), and AK Steel (AKS) reported lower sequential shipments in the third quarter. ArcelorMittal also pointed to “temporary market weakness in the US.” According to Steel Dynamics, “customers took a temporary purchasing hiatus in anticipation of lower transaction prices as scrap pricing dipped a little and imports moderated some.” However, Nucor’s response was a bit more nuanced.
- Market Realist•3 days ago
Subdued Earnings: Most Steel Companies Missed Q3 Estimates
We’re towards the end of the third-quarter earnings season, and all of the leading US steel producers have released their quarterly earnings. Steel Dynamics was the first major steel company to release its quarterly results on October 17. Nucor (NUE) released earnings on October 18.
- GlobeNewswire•4 days ago
Recent Analysis Shows Cleveland-Cliffs, Optical Cable, Camtek, QIAGEN N.V, Value Line, and Zymeworks Market Influences — Renewed Outlook, Key Drivers of Growth
NEW YORK, Nov. 13, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
Market Realist•5 days agoWhat’s Driving Iron Ore Prices despite Weakness Everywhere Else?
Chinese authorities imposed curbs on steel production last year ahead of winter months to reduce pollution. Steel mills are therefore in restocking mode to advance steel production before the curbs kick in. China’s iron ore import data for September also underscored this fact.
Market Realist•5 days agoHas President Trump Changed China’s Trade Practices?
China has been accused of unfair trade policies. In addition to President Trump, other regions have found fault with China’s trade practices. The European Union and India have blamed China for unfair trade practices.
Market Realist•8 days agoUS Steel Companies Are Upbeat, Analysts Look the Other Way
Steel companies sounded upbeat about the US steel industry’s outlook during their third-quarter earnings calls. While Nucor (NUE), Steel Dynamics (STLD), and U.S. Steel Corporation (X) have announced share buybacks, Cleveland-Cliffs (CLF) has reinstated its dividend. Let’s see what leading steel companies said about the US steel industry’s health.
Market Realist•8 days agoMarkets Don’t Like US Steel Stocks despite Trump’s Support
Earlier in 2018, President Trump slapped a 25% tariff on US steel imports and a 10% tariff on aluminum imports. For US steel and iron ore producers like U.S. Steel Corporation (X), AK Steel (AKS), and Cleveland-Cliffs (CLF), the higher level of imports is their greatest challenge. The companies said that the imports are unfairly subsidized by foreign governments.
Market Realist•9 days agoHow to Read China’s October Steel Exports Data
China’s steel and aluminum overcapacity has received flak from its trading partners. Earlier this year, President Trump imposed tariffs on steel and aluminum imports in a bid to protect US manufacturers (DIA). In this part, we’ll discuss China’s October steel exports data in light of US tariffs.
Market Realist•9 days agoWhy Analysts Still Don’t Like U.S. Steel Corporation
U.S. Steel Corporation (X) released its third-quarter earnings on November 1 after the markets closed. The company reported revenues of $3.73 billion in the third quarter—compared to revenues of $3.60 billion in the second quarter and $3.25 billion in the third quarter of 2017.
Market Realist•9 days agoNucor: Analysts Still Favor the Stock after Its Q3 Earnings
Nucor (NUE), the largest US-based steel producer, released its third-quarter earnings on October 18. The company reported revenues of $6.74 billion in the third quarter—compared to $6.46 billion in the second quarter and $5.17 billion in the third quarter of 2017.
Market Realist•11 days agoMetals and Mining Stocks: Is the Worst Over?
Broader equity markets have whipsawed this year. The SPDR S&P 500 ETF (SPY) fell sharply last month. SPY has risen 3.8% YTD (year-to-date) based on the closing prices on November 5. While the broader market indices are still in the green for the year, metals and mining stocks have been a different ballgame.
Market Realist•11 days agoShare Buyback Could Lift U.S. Steel Corporation’s Fortunes
During the third-quarter earnings release, U.S. Steel Corporation (X) announced a $300 million share buyback program. Steel Dynamics (STLD) and Nucor (NUE) also have share buyback programs in place. Cleveland-Cliffs (CLF) reinstated its dividend during its third-quarter earnings release.
Market Realist•11 days agoU.S. Steel Corporation: What Changed after the Tariffs?
U.S. Steel Corporation (X) is trading with a YTD (year-to-date) loss of 20.3% based on its closing prices on November 2. Other steel companies like AK Steel (AKS) and Nucor (NUE) are also trading with YTD losses. Cleveland-Cliffs (CLF) has outperformed US steel producers by a wide margin and gained 48.8%. In this part, we’ll see what changed for U.S. Steel Corporation after President Trump imposed the Section 232 tariffs.
- Market Realist•12 days ago
Analyzing U.S. Steel Corporation’s Third-Quarter Earnings
U.S. Steel Corporation (X) released its third-quarter earnings on November 1 after the markets closed. The company held its earnings call the next day. U.S. Steel Corporation’s earnings were in line in its guidance. While Cleveland-Cliffs (CLF) and Nucor’s (NUE) third-quarter earnings were slightly short of analysts’ expectations, AK Steel’s (AKS) earnings fell well short of analysts’ top and bottom-line estimates. The markets also punished the stock after its third-quarter earnings release. ...
Market Realist•12 days agoCould Iron Ore Keep Rising amid China’s Weakening Growth?
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. CLF is primarily a US-based (DIA) (IVV) iron ore pellet producer and should be valued as such. However, seaborne iron ore prices affect it indirectly. Chinese steel demand is the largest factor affecting seaborne iron ore prices.
Market Realist•12 days agoCould Rising Interest Rates Dent Steel Demand to CLF’s Detriment?
In the US steel sector, demand for steel drives US steelmakers’ (SLX) revenues. As a result, investors who are interested in Cleveland-Cliffs (CLF) will likely want to track US steel demand.
Market Realist•15 days agoUS Steel Imports Tumble after the Tariffs—What’s CLF’s Upside?
Cleveland-Cliffs’ (CLF) customers, including AK Steel (AKS) and ArcelorMittal, are directly affected by steel imports into the United States. As a result, investors should track this information to get a sense of CLF’s shipment outlook.
Market Realist•15 days agoCould Cleveland Cliffs Keep Rising amid Changing Steel Dynamics?
The third-quarter earnings season has almost ended for US (DIA) steelmakers. Cleveland-Cliffs (CLF) released its third-quarter earnings results before the market opened on October 19.
Market Realist•15 days agoAnalyzing U.S. Steel Corporation’s Third-Quarter Earnings
U.S. Steel Corporation (X) released its third-quarter earnings on November 1 after the markets closed. The company reported revenues of $3.73 billion. The company posted revenues of $3.60 billion in the second quarter and $3.25 billion in the third quarter of 2017. U.S. Steel Corporation’s third-quarter revenues were slightly better than expected.
- Market Realist•16 days ago
US Steel Prices Stabilize after Price Hikes
Steel prices are the key driver of steel companies’ earnings. We saw a sharp rally in US steel prices this year after Section 232 tariffs. Steel companies like Nucor (NUE) and Steel Dynamics (STLD) are posting record earnings amid higher US steel prices. AK Steel (AKS) also posted its highest third-quarter earnings in a decade. Cleveland-Cliffs (CLF) also benefits from higher US steel prices.
