Cleveland-Cliffs Inc. (CLF)

NYSE: CLF · IEX Real-Time Price · USD
15.63
+0.24 (1.56%)
At close: Jul 2, 2024, 4:00 PM
15.60
-0.03 (-0.19%)
After-hours: Jul 2, 2024, 7:50 PM EDT
1.56%
Market Cap 7.43B
Revenue (ttm) 21.90B
Net Income (ttm) 389.00M
Shares Out 475.48M
EPS (ttm) 0.75
PE Ratio 20.84
Forward PE 38.10
Dividend n/a
Ex-Dividend Date n/a
Volume 7,612,781
Open 15.41
Previous Close 15.39
Day's Range 15.32 - 15.68
52-Week Range 13.84 - 22.97
Beta 2.08
Analysts Hold
Price Target 19.33 (+23.67%)
Earnings Date Jul 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]

Industry Steel
Sector Materials
Founded 1847
Employees 28,000
Stock Exchange NYSE
Ticker Symbol CLF
Full Company Profile

Financial 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 Statements

Analyst Forecast

According to 11 analysts, the average rating for CLF stock is "Hold." The 12-month stock price forecast is $19.33, which is an increase of 23.67% from the latest price.

Price Target
$19.33
(23.67% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Cleveland-Cliffs to Announce Second-Quarter 2024 Earnings Results on July 22 and Host Conference Call on July 23

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) will announce its second-quarter 2024 earnings results after the U.S. market close on Monday, July 22, 2024. The Company invites intereste...

1 day ago - Business Wire

‘Trump' Stocks Are Rising: Banks, Managed Care, Steel

After a shaky debate performance from President Biden, stocks that could be winners in a Trump presidency are rallying Friday. Green energy stocks are lower.

Other symbols: COFDFSLYVNUEXLEXLF
4 days ago - Barrons

Cleveland-Cliffs Posts Press Conference and Q&A with U.S. Senator Sherrod Brown and USW International President David McCall on Website

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) today hosted U.S. Senator Sherrod Brown (OH) and leadership from the United Steelworkers, David McCall, USW International President and Do...

6 days ago - Business Wire

Cleveland-Cliffs to Host U.S. Senator Sherrod Brown and USW International President David McCall at Cleveland Works

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced that Lourenco Goncalves, Chairman, President and Chief Executive Officer is hosting Senator Sherrod Brown (OH) and leadership fr...

8 days ago - Business Wire

JP Morgan Downgrades Cleveland-Cliffs: Rising Capex And Modest Auto Demand Hamper Growth Prospects

Cleveland-Cliffs Inc. CLF shares are trading lower after JP Morgan analyst Bill Peterson downgraded the stock from Overweight to Neutral and lowered the price target to $17 (from $23).

21 days ago - Benzinga

Cramer's Stop Trading: Cleveland-Cliffs

CNBC's Jim Cramer explains why he is keeping an eye on shares of Cleveland-Cliffs.

21 days ago - CNBC Television

This Cleveland-Cliffs Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Tuesday

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings pag...

Other symbols: BMEAPWSCSQSP
21 days ago - Benzinga

Cleveland-Cliffs Stock Downgraded Again. 2 Reasons Wall Street's Worried.

J.P. Morgan analyst Bill Peterson downgraded shares of steel maker Cleveland-Cliffs to Hold from Buy. His price target went to $17 from $23.

21 days ago - Barrons

Top 5 Materials Stocks That Could Blast Off In June

The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies.

Other symbols: SHWSTLDTX
22 days ago - Benzinga

Cleveland-Cliffs Stock Double Downgraded to Sell

Thursday, GLJ analyst Gordon Johnson cut his rating on Cleveland-Cliffs stock to Sell from Buy. He slashed his price target to $10.13 from $27.20.

26 days ago - Barrons

Harvest ETFs announces May 2024 Distributions

OAKVILLE, Ontario--(BUSINESS WIRE)--Harvest Portfolios Group Inc. (“Harvest”) announces the following distributions for Harvest ETFs for the month ending May 31, 2024. The distribution will be paid on...

Other symbols: VSTM
5 weeks ago - Business Wire

Cleveland-Cliffs Announces New Greenhouse Gas Emissions Reduction Goals

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it has set new greenhouse gas (GHG) emissions reduction targets. The Company's prior commitment to reduce absolute Sc...

5 weeks ago - Business Wire

7 Stock Picks for A Boring Market

The stock market has risen without much volatility. Quiet days favor stocks such as Citigroup, Comerica, Carnival, ABM, Synchrony, Cleveland Cliffs, and Goodyear, says 22V Research.

Other symbols: ABMCCCLCMAGTSYF
5 weeks ago - Barrons

Cleveland-Cliffs Reminds U.S. Steel: You Have No Path to Close

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) today addressed the inaccurate allegations published by the U.S. Steel Board on May 21, 2024, regarding its doomed attempt to sell its com...

6 weeks ago - Business Wire

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...

7 weeks ago - Business Wire

Top 4 Materials Stocks That May Explode In Q2

The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies.

Other symbols: CMPNUEX
2 months ago - Benzinga

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...

2 months ago - Business Wire

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.

2 months ago - CNBC Television

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.

Other symbols: NUE
2 months ago - Barrons

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...

2 months ago - Business Wire

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...

2 months ago - Forbes

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.

2 months ago - Business Wire

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.

Other symbols: X
3 months ago - Barrons

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...

3 months ago - Business Wire

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.

Other symbols: PHM
3 months ago - Business Wire