Cleveland-Cliffs Inc. (CLF)
| Market Cap | 5.76B |
| Revenue (ttm) | 19.97B |
| Net Income (ttm) | -462.00M |
| Shares Out | 493.94M |
| EPS (ttm) | -0.95 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 12,093,725 |
| Open | 11.44 |
| Previous Close | 11.44 |
| Day's Range | 11.44 - 12.05 |
| 52-Week Range | 10.21 - 22.97 |
| Beta | 1.96 |
| Analysts | Hold |
| Price Target | 16.57 (+42.11%) |
| Earnings Date | Nov 4, 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]
Financial Performance
In 2023, Cleveland-Cliffs'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 11 analysts, the average rating for CLF stock is "Hold." The 12-month stock price forecast is $16.57, which is an increase of 42.11% from the latest price.
News
Cleveland-Cliffs Falls On Q3 Earnings - A Gift For Long-Term Buyers
Cleveland-Cliffs Inc. remains a "Buy" despite recent declines, driven by long-term growth potential, strategic focus, and attractive valuation. The company's Q3 2024 performance was weak due to automo...
Cleveland-Cliffs' Q3 Shortfall Linked To Automotive Adjustments; Analysts Await Stelco Integration Insights
Cleveland-Cliffs Inc. CLF shares are trading lower on Tuesday following weak third-quarter results reported on Tuesday.
Cleveland-Cliffs Earnings Show Why Both Trump and Harris Are Wrong on the U.S. Steel Merger
Smaller commodity producers have a tough time staying profitable during downturns.
Cleveland-Cliffs Inc. (CLF) Q3 2024 Earnings Call Transcript
Cleveland-Cliffs Inc. (NYSE:CLF) Q3 2024 Earnings Conference Call November 4, 2024 8:30 AM ET Company Participants Lourenco Goncalves - Chairman, President & CEO Celso Goncalves - EVP & CFO Conferenc...
Cleveland-Cliffs Reports Third-Quarter 2024 Results
CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) today reported third-quarter results for the period ended September 30, 2024. Third-Quarter 2024 Highlights Revenues of $4.6 billion Steel...
Trump Vs. Harris: EVgo, Cleveland-Cliffs, Plug Power, Nucor Brace For 2024 Election Impact
As Election Week 2024 is upon us, Wall Street is geared up for sector-specific shakeups, with JPMorgan's Bill Peterson spotlighting a decisive split in potential stock moves.
Watch CNBC's full interview with Cleveland-Cliffs CEO Lourenco Goncalves
Cleveland-Cliffs Chairman and CEO Lourenco Goncalves joins CNBC's Morgan Brennan to discuss the company's newly closed $2.8 billion acquisition of Canadian steelmaker Stelco, the strategic importance ...
Cleveland-Cliffs Completes Acquisition of Stelco Holdings Inc.
HAMILTON, Ontario--(BUSINESS WIRE)--Stelco Holdings Inc. (TSX: STLC) (“Stelco” or the “Company”) today announced that Cleveland-Cliffs Inc. (“Cliffs”) has completed its previously announced acquisitio...
Cleveland-Cliffs Completes Acquisition of Stelco
CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) today announced that it has successfully completed its acquisition of Stelco Holdings Inc. (“Stelco”). The addition of Stelco e...
Final Regulatory Approvals Received for Cleveland-Cliffs' Acquisition of Stelco, Preparation for Closing Underway
HAMILTON, Ontario--(BUSINESS WIRE)--Stelco Holdings Inc. (TSX: STLC) (“Stelco” or the “Company”) today announced that regulatory and program approvals under the Investment Canada Act and Strategic Inn...
Cleveland-Cliffs Receives Final Approvals for Stelco Acquisition and Sets Closing Date for Friday, November 1, 2024
CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) today announced that it has received regulatory and program approvals under the Investment Canada Act and Strategic Innovation ...
Why Is Cleveland-Cliffs Stock Down 30% In Six Months?
Cleveland-Cliffs, a vertically integrated steel mill operator, has seen its stock decline by more than 30% in the last six months. This fall has been primarily due to the adverse business conditions t...
Top 7 Tax-Loss Stocks To Sell By October 31, 2024
Wolfspeed rallied due to a $750 million investment from Apollo Global Management, despite high short interest and bearish sentiment. SolarEdge Technologies faces significant competition and high inven...
Cleveland-Cliffs to Announce Third-Quarter 2024 Earnings Results on November 4 and Host Conference Call on November 5
CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) will announce its third-quarter 2024 earnings results after the U.S. market close on Monday, November 4, 2024. The Company invites interes...
Canadian Competition Clearance Issued for Cleveland-Cliffs' Acquisition of Stelco
HAMILTON, Ontario--(BUSINESS WIRE)--Stelco Holdings Inc. (TSX: STLC) (“Stelco” or the “Company”) today announced that the Canadian Competition Bureau has issued a “no-action letter”, confirming that t...
Cleveland-Cliffs Receives Canadian Competition Bureau Clearance for the Acquisition of Stelco
CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) today announced that it has received a "no-action letter" from the Canadian Competition Bureau confirming that the Commissioner...
Cleveland-Cliffs Inc. Announces Upsizing and Pricing of Senior Unsecured Guaranteed Notes
CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) announced today that it has upsized and priced $900 million aggregate principal amount of Senior Guaranteed Notes due 2029 (the...
CLF Drops Over 4% Following Antitrust Approval for Stelco Acquisition
Shares of Cleveland-Cliffs (CLF, Financial), North America's largest iron ore producer, fell by over 4%, trading at $12.46. The decline follows news that the company has passed the United States Depar...
Cleveland-Cliffs Inc. Announces Proposed Offering of Senior Unsecured Guaranteed Notes
CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) announced today that it intends to offer to sell, subject to market and other conditions, $800 million aggregate principal amou...
U.S. Antitrust Review for Cleveland-Cliffs' Acquisition of Stelco Waiting Period Expires
HAMILTON, Ontario--(BUSINESS WIRE)--Stelco Holdings Inc. (TSX: STLC) (“Stelco” or the “Company”) today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements...
Cleveland-Cliffs Clears U.S. Department of Justice Antitrust Review for the Acquisition of Stelco
CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the “HSR A...
Cleveland-Cliffs and United Steelworkers to Host Senior U.S. Government Officials at its Coatesville, Pennsylvania Steel Plant
CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced that it will be hosting United States Trade Representative (USTR) Katherine Tai, Acting Secretary of Labor Julie Su, Congresswom...
Court Grants Final Order to Stelco Approving Arrangement with Cleveland-Cliffs
TORONTO--(BUSINESS WIRE)--Stelco Holdings Inc. (“Stelco” or the “Company”) (TSX: STLC) announced today that the Ontario Superior Court of Justice (Commercial List) has issued a final order approving t...
Stelco Announces Shareholder Approval of its Acquisition by Cleveland-Cliffs
HAMILTON, Ontario--(BUSINESS WIRE)--Stelco Holdings Inc. (“Stelco” or the “Company”) (TSX: STLC) is pleased to announce that holders (the “Company Shareholders”) of its common shares have voted in fav...