Cleveland-Cliffs Inc. (CLF)
| Market Cap | 8.24B |
| Revenue (ttm) | 21.90B |
| Net Income (ttm) | 389.00M |
| Shares Out | 475.48M |
| EPS (ttm) | 0.75 |
| PE Ratio | 23.09 |
| Forward PE | 10.46 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 4,991,090 |
| Open | 17.50 |
| Previous Close | 17.45 |
| Day's Range | 17.26 - 17.57 |
| 52-Week Range | 13.61 - 22.97 |
| Beta | 2.09 |
| Analysts | Hold |
| Price Target | 21.84 (+26.1%) |
| Earnings Date | Apr 22, 2024 |
About CLF
Cleveland-Cliffs Inc. operates as a flat-rolled steel producer in North America. The company offers hot-rolled, cold-rolled, electrogalvanized, hot-dip galvanized, hot-dip galvannealed, aluminized, galvalume, enameling, and advanced high-strength steel products; austenitic, martensitic, duplex, precipitation hardening, and ferritic stainless steel products; plates; and grain oriented and non-oriented electrical steel products, as well as slab, scrap, iron ore, coal, and coke. It also provides tubular components, including carbon steel, stainles... [Read more]
Full Company ProfileFinancial Performance
In 2023, CLF's revenue was $22.00 billion, a decrease of -4.32% compared to the previous year's $22.99 billion. Earnings were $399.00 million, a decrease of -70.11%.
Financial StatementsAnalyst Forecast
According to 10 analysts, the average rating for CLF stock is "Hold." The 12-month stock price forecast is $21.84, which is an increase of 26.10% from the latest price.
News
Cleveland-Cliffs Applauds International Trade Commission's Decision to Uphold Tariffs on Japanese Imports
CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) today applauded the International Trade Commission's (ITC) unanimous decision to uphold tariffs on tin mill products from Japan. After rec...
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Cleveland-Cliffs to Publish Monthly Hot Rolled Coil Spot Price
CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today that, in response to industry trends and feedback from customers, the Company will publish a “Cliffs Hot Rolled Market Pri...
We have the liquidity to pursue further share buybacks, says Cleveland-Cliffs CEO
Lourenco Goncalves, Cleveland-Cliffs CEO, joins 'Closing Bell Overtime' to talk quarterly results, share buybacks, the U.S. Steel-Nippon deal and more.
Nucor, Cleveland-Cliffs Earnings Bloopers Weigh Down Steel Stocks
Steel producers Nucor and Cleveland-Cliffs both missed Wall Street's first quarter estimates. The shares are down for different reasons, however.
Cleveland-Cliffs Reports First-Quarter 2024 Results and Announces New $1.5 Billion Share Repurchase Program
CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) today reported first-quarter results for the period ended March 31, 2024. First Quarter 2024 Highlights Repurchased 30.4 million shares, o...
Will Cleveland-Cliffs Stock Move Higher Following Q1 Results?
Cleveland-Cliffs (NYSE:CLF), a vertically integrated steel mill operator, is poised to report its Q1 2024 results on April 23. We expect revenue to come in at $5.4 billion, marking an increase of abou...
Cleveland-Cliffs to Host United States Secretary of Energy Jennifer Granholm at its Butler Works
CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs is hosting a live streamed speaking program on the Company's YouTube channel at https://www.youtube.com/watch?v=bUgTZxmVcLA.
U.S. Steel and Cleveland-Cliffs Get Rating Changes. Check Out the Stocks.
Wolfe Research analyst Timna Tanners upgraded U.S. Steel and downgraded Cleveland-Cliffs.
Cleveland-Cliffs Applauds DOE's Final Transformer Efficiency Standard Rule
CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) today applauded the Department of Energy's (DOE) final transformer efficiency standard rule that will provide for the continued utilizatio...
Strategic Acquisition Opportunity: Biotechnology Intellectual Property of Civetta Therapeutics, LLC Now Open for Bids
CAMBRIDGE, Mass.--(BUSINESS WIRE)-- #AssetSale--Civetta Therapeutics offers cutting-edge biotech IP for sale. Bid deadline: April 30. Contact wgbrandt@dsiconsulting.com for details.
Cleveland-Cliffs Issues Sustainability Report for 2023
CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today the release of its Sustainability Report 2023. The Report informs about Cleveland-Cliffs' continued progress on environmen...
Cleveland-Cliffs to Announce First-Quarter 2024 Earnings Results on April 22 and Host Conference Call on April 23
CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) will announce its first-quarter 2024 earnings results after the U.S. market close on Monday, April 22, 2024. The Company invites intereste...
Automakers urge White House to oppose US Steel sale to Cleveland-Cliffs
A group representing major automakers on Friday urged the White House to oppose any effort by steelmaker Cleveland-Cliffs to buy rival U.S. Steel , warning that a deal could result in anti-competitive...
Final Trades: JNJ, M, IYH & CLF
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Cleveland-Cliffs Announces Price Increase for Hot Rolled, Cold Rolled and Coated Steel Products
CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) today announced that it is increasing current spot market base prices by $60 per net ton for all carbon hot rolled, cold rolled and coated...
Cleveland-Cliffs CEO: US Steel Made Mistake Not Accepting Our Bid
"The Titanic has already hit the iceberg," Cleveland-Cliffs CEO Lourenco Goncalves says while commenting on the fate of the US Steel takeover. For more on this story, please see: https://www.bloomberg...
Cleveland-Cliffs CEO on Decarbonization Grant, US Steel
Cleveland-Cliffs CEO Lourenco Goncalves discusses the Biden administration awarding as much as $500 million to the steelmaker to help cut emissions from metals. Speaking on Bloomberg Television, Gonca...
Cleveland-Cliffs Selected to Receive $575 Million in US Department of Energy Investments for Two Projects to Accelerate Industrial Decarbonization Technologies
CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today that two of its projects have been selected for award negotiations for up to $575 million in total funding from the United...
Cleveland-Cliffs CEO: Have full conviction a Nippon Steel-USW deal 'will never happen'
Cleveland-Cliffs CEO Lourenco Goncalves joins 'Squawk on the Street' to discuss Nippon Steel's proposed deal to buy U.S. Steel, why he believes Nippon Steel will not reach an agreement with the United...
Cleveland-Cliffs Announces Final Results of Tender Offer
CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today the expiration of and final results for its previously announced offer to purchase for cash (the “Tender Offer”) any and a...
Cleveland-Cliffs CEO mulls much lower bid for US Steel if Nippon deal falls apart
Cleveland-Cliffs CEO Lourenco Goncalves said on Thursday he would consider another bid for United States Steel likely worth no more than $30 per share if the latter's $14.1 billion deal with Japan's N...
Citi upgrades Nucor to buy and cuts Cleveland-Cliffs to neutral in steelmaker ratings swap
Citi analyst Alexander Hacking on Wednesday flipped preferences on two major steel stocks against what he sees as a favorable period for the sector.
Cleveland-Cliffs Announces Upsizing and Pricing of $825 Million of Senior Unsecured Guaranteed Notes due 2032
CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it has upsized and priced $825 million aggregate principal amount of senior unsecured guaranteed notes due 2032 (the ...
Cleveland-Cliffs Announces Tender Offer for Any and All of its 6.750% Senior Secured Notes due 2026
CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today the commencement of a tender offer to purchase (the “Tender Offer”), subject to certain terms and conditions, any and all ...