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Cleveland-Cliffs Inc. (CLF)

Stock Price: $8.67 USD 0.40 (4.84%)
Updated Oct 23, 2020 4:00 PM EDT - Market closed
After-hours: $8.75 +0.08 (0.92%) Oct 23, 7:45 PM

Stock Price Chart

Key Info

Market Cap 3.46B
Revenue (ttm) 2.54B
Net Income (ttm) -21.90M
Shares Out 399.20M
EPS (ttm) -0.07
PE Ratio n/a
Forward PE 22.37
Dividend $0.24
Dividend Yield 2.77%

Stock Quote

Trading Day Oct 23, 2020
Last Price $8.67
Previous Close $8.27
Change ($) 0.40
Change (%) 4.84%
Day's Open 8.50
Day's Range 8.15 - 9.04
Day's Volume 21,821,174
52-Week Range 2.63 - 9.04

More Stats

Market Cap 3.46B
Enterprise Value 8.03B
Earnings Date (est) Feb 11, 2021
Ex-Dividend Date n/a
Shares Outstanding 399.20M
Float 389.90M
EPS (basic) 0.09
EPS (diluted) -0.07
FCF / Share -1.32
Dividend $0.24
Dividend Yield 2.77%
Earnings Yield n/a
FCF Yield n/a
Payout Ratio 311.10%
Shares Short 75.82M
Short Ratio 6.80
Short % of Float 19.45%
Beta 2.27
PE Ratio n/a
Forward PE 22.37
P/FCF Ratio n/a
PS Ratio 1.36
PB Ratio 4.16
Revenue 2.54B
Operating Income -41.70M
Net Income -21.90M
Free Cash Flow -525.80M
Net Cash -4.57B
Net Cash / Share -11.45
Gross Margin 22.65%
Operating Margin -1.64%
Profit Margin -0.90%
FCF Margin -20.69%
ROA 1.82%
ROE -0.26%
ROIC 0.60%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (8)

Buy 2
Overweight 0
Hold 6
Underweight 0
Sell 0

Analyst Consensus: Overweight

Price Target

$6.79*
(-21.68% downside)
Low
5.25
Current: $8.67
High
10.00
Target: 6.79
*Average 12-month price target from 7 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue1,9902,3321,8661,5552,0133,3733,8915,8736,5644,484
Revenue Growth-14.68%24.99%20.04%-22.79%-40.31%-13.3%-33.75%-10.53%46.39%-
Gross Profit5768104682802378861,4841,1722,6111,459
Operating Income45669636516412795.501,306-3022,2291,253
Net Income2931,128367174-749-7,224414-8991,6191,020
Shares Outstanding277297288198153153152142140135
Earnings Per Share1.033.711.260.87-5.13-47.522.37-6.3211.487.49
EPS Growth-72.24%194.44%44.83%-----53.27%-
Dividend Per Share0.26----0.600.602.160.840.51
Dividend Growth-----0%-72.16%156.55%65.35%-
Operating Cash Flow56347933830337.903591,1465152,2891,320
Capital Expenditures-656-296-152-69.10-80.80-284-862-1,128-881-267
Free Cash Flow-93.50182186234-42.9074.80284-6131,4081,053
Cash & Equivalents3539151,0684053582723361956011,649
Total Debt2,1242,0932,3042,1752,6992,8273,0934,0553,6841,713
Net Cash / Debt-1,772-1,178-1,236-1,770-2,341-2,555-2,757-3,860-3,082-63.80
Assets3,5043,5302,9531,9242,1363,14713,12213,57514,5427,778
Liabilities3,1463,1053,3983,2543,9474,8826,2387,8147,5023,940
Book Value358424-444-1,464-1,981-1,4316,0704,6335,7853,846
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Cleveland-Cliffs Inc.
Country United States
Employees 2,372
CEO C. Lourenço Gonçalves

Stock Information

Ticker Symbol CLF
Stock Exchange New York Stock Exchange
Sector Basic Materials
Industry Steel
Unique Identifier NYSE: CLF

Description

Cleveland-Cliffs operates as an independent iron ore mining company in the United States, Canada, and internationally. It operates in two segments, Mining and Pelletizing, and Metallics. The company operates three iron ore mines, including the Tilden mine in Michigan; and the Northshore and United Taconite mines in Minnesota, as well as holds 23% stake in the Hibbing mine in Minnesota. It produces various grades of iron ore pellets, including standard, fluxed, and DR-grade for blast furnace steel producers; and flat-rolled carbon, stainless, and electrical steel products primarily for the automotive, infrastructure, and manufacturing markets. The company was formerly known as Cliffs Natural Resources Inc. and changed its name to Cleveland-Cliffs Inc. in August 2017. Cleveland-Cliffs Inc. was founded in 1847 and is headquartered in Cleveland, Ohio.