Cleveland-Cliffs Inc. (CLF)
| 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]
Full Company ProfileFinancial 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 StatementsAnalyst 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.
News
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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 for all carbon hot rolled, cold rolled and coated steel products, ef...
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...
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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...
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...
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...
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.
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...
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.
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.
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...
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 ...
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.
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 ...
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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...
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...
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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.
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.
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...
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.
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...
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...