Cleveland-Cliffs Inc. (CLF)

NYSE: CLF · IEX Real-Time Price · USD
18.55
-2.30 (-11.03%)
At close: Apr 23, 2024, 4:00 PM
18.62
+0.07 (0.38%)
After-hours: Apr 23, 2024, 7:59 PM EDT
-11.03%
Market Cap 9.24B
Revenue (ttm) 22.00B
Net Income (ttm) 399.00M
Shares Out 498.29M
EPS (ttm) 0.78
PE Ratio 23.78
Forward PE 13.73
Dividend n/a
Ex-Dividend Date n/a
Volume 32,152,667
Open 19.92
Previous Close 20.85
Day's Range 18.42 - 20.04
52-Week Range 13.61 - 22.97
Beta 2.04
Analysts Hold
Price Target 21.96 (+18.38%)
Earnings Date Apr 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 9 analysts, the average rating for CLF stock is "Hold." The 12-month stock price forecast is $21.96, which is an increase of 18.38% from the latest price.

Price Target
$21.96
(18.38% upside)
Analyst Consensus: Hold
Stock Forecasts

News

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.

6 hours 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
13 hours 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...

1 day 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...

1 day 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.

1 day 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
14 days 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...

19 days 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
19 days ago - Business Wire

Cleveland-Cliffs Issues Sustainability Report for 2023

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today the release of its Sustainability Report 2023. The Report informs about Cleveland-Cliffs' continued progress on environmen...

20 days ago - Business Wire

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

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

21 days ago - Business Wire

Automakers urge White House to oppose US Steel sale to Cleveland-Cliffs

A group representing major automakers on Friday urged the White House to oppose any effort by steelmaker Cleveland-Cliffs to buy rival U.S. Steel , warning that a deal could result in anti-competitive...

Other symbols: X
25 days ago - Reuters

Final Trades: JNJ, M, IYH & CLF

The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.

Other symbols: JNJIYHM
27 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 by $60 per net ton for all carbon hot rolled, cold rolled and coated...

27 days ago - Business Wire

Cleveland-Cliffs CEO: US Steel Made Mistake Not Accepting Our Bid

"The Titanic has already hit the iceberg," Cleveland-Cliffs CEO Lourenco Goncalves says while commenting on the fate of the US Steel takeover. For more on this story, please see: https://www.bloomberg...

Other symbols: X
4 weeks ago - Bloomberg Markets and Finance

Cleveland-Cliffs CEO on Decarbonization Grant, US Steel

Cleveland-Cliffs CEO Lourenco Goncalves discusses the Biden administration awarding as much as $500 million to the steelmaker to help cut emissions from metals. Speaking on Bloomberg Television, Gonca...

4 weeks ago - Bloomberg Markets and Finance

Cleveland-Cliffs Selected to Receive $575 Million in US Department of Energy Investments for Two Projects to Accelerate Industrial Decarbonization Technologies

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today that two of its projects have been selected for award negotiations for up to $575 million in total funding from the United...

4 weeks ago - Business Wire

Cleveland-Cliffs CEO: Have full conviction a Nippon Steel-USW deal 'will never happen'

Cleveland-Cliffs CEO Lourenco Goncalves joins 'Squawk on the Street' to discuss Nippon Steel's proposed deal to buy U.S. Steel, why he believes Nippon Steel will not reach an agreement with the United...

5 weeks ago - CNBC Television

Cleveland-Cliffs Announces Final Results of Tender Offer

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today the expiration of and final results for its previously announced offer to purchase for cash (the “Tender Offer”) any and a...

5 weeks ago - Business Wire

Cleveland-Cliffs CEO mulls much lower bid for US Steel if Nippon deal falls apart

Cleveland-Cliffs CEO Lourenco Goncalves said on Thursday he would consider another bid for United States Steel likely worth no more than $30 per share if the latter's $14.1 billion deal with Japan's N...

Other symbols: X
5 weeks ago - Reuters

Citi upgrades Nucor to buy and cuts Cleveland-Cliffs to neutral in steelmaker ratings swap

Citi analyst Alexander Hacking on Wednesday flipped preferences on two major steel stocks against what he sees as a favorable period for the sector.

Other symbols: NUE
5 weeks ago - Market Watch

Cleveland-Cliffs Announces Upsizing and Pricing of $825 Million of Senior Unsecured Guaranteed Notes due 2032

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it has upsized and priced $825 million aggregate principal amount of senior unsecured guaranteed notes due 2032 (the ...

7 weeks ago - Business Wire

Cleveland-Cliffs Announces Tender Offer for Any and All of its 6.750% Senior Secured Notes due 2026

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today the commencement of a tender offer to purchase (the “Tender Offer”), subject to certain terms and conditions, any and all ...

7 weeks ago - Business Wire

Cleveland-Cliffs Announces Proposed Offering of $750 Million of Senior Unsecured Guaranteed Notes

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it intends to offer to sell, subject to market and other conditions, $750 million aggregate principal amount of senio...

7 weeks ago - Business Wire

Cleveland-Cliffs and the United Steelworkers Union Jointly Comment on the Tin Mill Products Final Report Released by the ITC

CLEVELAND--(BUSINESS WIRE)--The U.S. International Trade Commission (ITC) this week issued public documents detailing the rationale behind its unanimous negative injury determination in the tin mill p...

7 weeks ago - Business Wire

Cleveland-Cliffs to Idle Weirton Tinplate Facility Following Unfavorable ITC Ruling

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it will be indefinitely idling its tinplate production plant located in Weirton, West Virginia in April 2024. The nee...

2 months ago - Business Wire