CLF - Cleveland-Cliffs Inc.
11.88 +0.04 (0.34%)
After hours: 7:36PM EDT
| Previous Close | 11.78 |
| Open | 11.78 |
| Bid | 0.00 x 3000 |
| Ask | 0.00 x 4000 |
| Day's Range | 11.55 - 11.86 |
| 52 Week Range | 5.60 - 13.10 |
| Volume | 6,396,574 |
| Avg. Volume | 11,548,183 |
| Market Cap | 3.528B |
| Beta (3Y Monthly) | 2.38 |
| PE Ratio (TTM) | 7.99 |
| EPS (TTM) | 1.48 |
| Earnings Date | Oct 19, 2018 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | 2014-11-13 |
| 1y Target Est | 13.33 |
Market Realist•13 hours agoWhat 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.
Market Realist•15 hours agoCleveland-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.
Market Realist•16 hours agoWhat 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 Trends•2 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 ...
- Zacks•2 days ago
Will Strong Demand Aid Cleveland-Cliffs' (CLF) Q3 Earnings?
Cleveland-Cliffs' (CLF) Q3 results to benefit from strong demand for pellets.
Market Realist•2 days agoCould 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.
- Zacks•2 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.
Market Realist•2 days agoWhy 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.
- Benzinga•2 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 ...
Market Realist•2 days agoIs 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.
- Zacks•3 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.
- Zacks•6 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 Wire•6 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.
Market Realist•7 days agoAnalysts 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.
Market Realist•7 days agoAnalysts 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's•8 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.
- Zacks•9 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.
- Market Realist•10 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.
Market Realist•10 days agoHas 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 Wire•10 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.
- Zacks•12 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.
Market Realist•12 days agoUS 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.
Market Realist•12 days agoHow 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.
Market Realist•14 days agoCould 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.
Market Realist•14 days agoCLF 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.
