Cleveland-Cliffs Inc. (CLF)

NYSE: CLF · IEX Real-Time Price · USD
18.26
+1.10 (6.41%)
At close: Dec 1, 2023, 4:00 PM
18.32
+0.06 (0.33%)
After-hours: Dec 1, 2023, 7:57 PM EST
6.41%
Market Cap 9.22B
Revenue (ttm) 21.93B
Net Income (ttm) 340.00M
Shares Out 504.86M
EPS (ttm) 0.68
PE Ratio 26.85
Forward PE 11.69
Dividend n/a
Ex-Dividend Date n/a
Volume 16,705,336
Open 17.28
Previous Close 17.16
Day's Range 17.16 - 18.37
52-Week Range 13.61 - 22.83
Beta 2.16
Analysts Buy
Price Target 20.61 (+12.87%)
Earnings Date Oct 23, 2023

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, galvannealed, aluminized, galvalume, enameling, and advanced high-strength steel products; stainless steel products; plates; and grain oriented and non-oriented electrical steel products. It also provides tubular components, including carbon steel, stainless steel, and electric resistance welded tubing. In addition, the company offers tinplate products, such as electrolytic tin coate... [Read more]

Industry Steel
Sector Materials
Founded 1847
Employees 27,000
Stock Exchange NYSE
Ticker Symbol CLF
Full Company Profile

Financial Performance

In 2022, CLF's revenue was $22.99 billion, an increase of 12.45% compared to the previous year's $20.44 billion. Earnings were $1.34 billion, a decrease of -55.32%.

Financial Statements

Analyst Forecast

According to 9 analysts, the average rating for CLF stock is "Buy." The 12-month stock price forecast is $20.61, which is an increase of 12.87% from the latest price.

Price Target
$20.61
(12.87% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Final Trades: Comerica, Humana, Cleveland-Cliffs & more

The "Halftime Report" traders give their top picks to watch for the second half.

Other symbols: CMAHUM
2 days ago - CNBC Television

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 for all carbon hot rolled, cold rolled and coated steel products, ef...

26 days ago - Business Wire

Automakers oppose Cleveland-Cliffs push to buy U.S. Steel

A group representing major automakers on Tuesday said the industry opposes steelmaker Cleveland-Cliffs's proposed acquisition of U.S. Steel , saying it would increase auto industry costs and slow elec...

Other symbols: X
4 weeks ago - Reuters

Final Trades: Cleveland-Cliffs, Arista Networks & more

The "Halftime Report" traders give their top picks to watch for the second half.

Other symbols: ANETGEHC
4 weeks ago - CNBC Television

Cleveland-Cliffs Recognized by U.S. Department of Energy as a Better Climate Challenge Goal Achiever for GHG Emissions Reduction

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs announced today that the U.S. Department of Energy (DOE) has recognized the Company as a GHG Emissions Reduction 2023 Goal Achiever through its Better Buil...

5 weeks ago - Business Wire

Cleveland-Cliffs Reports Third-Quarter 2023 Results

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) today reported third-quarter results for the period ended September 30, 2023. Selected financial results for the third quarter of 2023 inc...

5 weeks ago - Business Wire

Cleveland-Cliffs Applauds Department of Energy's $1 Billion Funding of Midwest Hydrogen Hub

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs applauds today's announcement by the Department of Energy (DOE) that it has awarded funding under the Bipartisan Infrastructure Law for several hydrogen hu...

7 weeks ago - Business Wire

Steel industry dented by UAW strike against Detroit's Big Three

Steel prices are suffering and demand is tumbling, worsened by the shutdown of auto plants owned by Ford, General Motors and Stellantis due to strike by the United Auto Workers union.

Other symbols: NUESTLDX
2 months ago - Fox Business

Cleveland-Cliffs to Announce Third-Quarter 2023 Earnings Results on October 23 and Host Conference Call on October 24

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) will announce its third-quarter 2023 earnings results after the U.S. market close on Monday, October 23, 2023. The Company invites interes...

2 months ago - Business Wire

There's Been a Thaw in the U.S. Steel and Cleveland-Cliffs Relationship. The Stocks Edge Higher.

A report says Cliffs has signed a so-called standstill agreement with U.S. Steel.

Other symbols: X
2 months ago - Barrons

Cleveland-Cliffs Raises Prices for Steel, and Shares Jump

Cleveland-Cliffs (CLF) shares advanced on Wednesday after the steel producer announced that it was raising prices. Shares of other companies in the sector were higher as well.

2 months ago - Investopedia

Cleveland-Cliffs to raise prices of hot rolled and coated steel products

Cleveland-Cliffs Inc. said Wednesday it's raising the base prices for all carbon hot rolled, cold rolled and coated steel products to $750 per net ton. The company did not disclose a previous base pri...

2 months ago - Market Watch

Cleveland-Cliffs Mourns the Passing of Tom Conway, USW International President

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) mourns the loss of USW International President, Tom Conway. Lourenco Goncalves, Cleveland-Cliffs' Chairman, President and Chief Executive ...

2 months ago - Business Wire

Cleveland Cliffs Stock Gets an Upgrade. Rising Commodity Prices Could Be a Boost.

Shares of steel makers Cleveland-Cliffs and Steel Dynamics were upgraded to Buy from Hold Monday, by Citi.

2 months ago - Barrons

Cleveland-Cliffs' New Labor Contract with the United Steelworkers Ratified for its Northshore Mining Operations

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today that its employees represented by the United Steelworkers (USW) at its Northshore Mining operations in Minnesota ratified ...

3 months ago - Business Wire

Final Trades: Broadcom, Cleveland-Cliffs & more

The "Halftime Report" traders give their top picks to watch for the second half.

Other symbols: AVGOMMM
3 months ago - CNBC Television

Cleveland-Cliffs and the United Steelworkers Reach Tentative Labor Agreement for Northshore Mining Operations

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it has reached a tentative agreement with the United Steelworkers (USW) on a new 3-year labor agreement. The new cont...

3 months ago - Business Wire

Cleveland-Cliffs Receives Exclusive Assignment of Right to Bid from United Steelworkers

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) (“Cleveland-Cliffs” or “Cliffs”) today announced receipt of the assignment of the United Steelworkers' (USW) right to bid under their Basi...

Other symbols: X
3 months ago - Business Wire

Final Trades: Alibaba, Blackstone & more

The "Halftime Report" traders give their top picks to watch for the second half.

Other symbols: BABABXMS
3 months ago - CNBC Television

Cleveland Cliffs CEO on U.S. Steel rejecting $7.3 billion buyout offer

Lourenco Goncalves, Cleveland Cliffs CEO, joins 'Squawk on the Street' to discuss the company's attempt to purchase U.S. Steel, the rationale behind the deal, and the regulatory approval for the deal.

Other symbols: X
3 months ago - CNBC Television

US Steel rejects buyout offer from rival Cleveland Cliffs

Shares of US Steel soared Monday on news that rival Cleveland-Cliffs has proposed a purchase of the company, a move that would create the nation's largest steelmaker.

Other symbols: X
3 months ago - CNN Business

U. S. Steel Confirms Receipt of Unsolicited Proposals from Cleveland-Cliffs and Multiple Other Parties; Reaffirms Competitive Strategic Review Process to Maximize Stockholder Value

PITTSBURGH--(BUSINESS WIRE)--United States Steel Corporation (NYSE: X) (“U. S. Steel” or “the Company”) today confirmed that it has invited Cleveland-Cliffs Inc. (“Cleveland-Cliffs”) to participate in...

Other symbols: X
4 months ago - Business Wire

U.S. Steel Rejects Offer from Cleveland-Cliffs

Cleveland-Cliffs said it offered cash and stock worth $35 a share for its main competitor, valuing U.S. Steel at more than $7 billion.

Other symbols: X
4 months ago - WSJ

Cleveland-Cliffs Proposes to Acquire U.S. Steel

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) (“Cleveland-Cliffs” or “Cliffs”) is publicly announcing a previously private offer that it had presented to the Board of the United States...

Other symbols: X
4 months ago - Business Wire

Cleveland-Cliffs Stock Rises On Earnings, New Momentum?

Cleveland-Cliffs NYSE: CLF shares rose by as much as 4.0% during Monday's trading session, which could have been taken as an optimistic expectation of better things to come. Some improving development...

4 months ago - MarketBeat