Summary
12.90 -0.15(-1.15%)10/15/2024
Cleveland-Cliffs Inc (CLF)
Cleveland-Cliffs Inc (CLF)
Key Facts
| 1 Day | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 5 Years | All Time |
| -1.23 | 1.42 | 9.88 | -20.39 | -39.28 | -16.02 | 79.85 | 1,441.79 |
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| Trading Data | ||
| Close | 12.90 | |
| Open | 12.85 | |
| High | 13.22 | |
| Low | 12.85 | |
| Volume | 5,986,092 | |
| Change | -0.16 | |
| Change % | -1.23 | |
| Avg Volume (20 Days) | 9,178,862 | |
| Volume/Avg Volume (20 Days) Ratio | 0.65 | |
| 52 Week Range | 10.21 - 22.97 | |
| Price vs 52 Week High | -43.84% | |
| Price vs 52 Week Low | 26.35% | |
| Range | 0.39 | |
| Gap Up/Down | -0.21 | |
Fundamentals | ||
| Market Capitalization (Mln) | 5,949 | |
| EBIDTA | 2,087,000,064 | |
| PE Ratio | 23.0933 | |
| PEG Ratio | -0.2200 | |
| WallStreet Target Price | 21.39 | |
| Book Value | 15.1450 | |
| Earnings Per Share | 0.7500 | |
| EPS Estimate Current Quarter | 0.2200 | |
| EPS Estimate Next Quarter | 0.3400 | |
| EPS Estimate Current Year | 0.7600 | |
| EPS Estimate Next Year | 1.4700 | |
| Diluted EPS (TTM) | 0.7500 | |
| Revenues | ||
| Profit Marging | 0.0178 | |
| Operating Marging (TTM) | 0.0366 | |
| Return on asset (TTM) | 0.0392 | |
| Return on equity (TTM) | 0.0576 | |
| Revenue TTM | 21,899,999,232 | |
| Revenue per share TTM | 43.4310 | |
| Quarterly Revenue Growth (YOY) | -0.0180 | |
| Quarterly Earnings Growth (YOY) | 0.7920 | |
| Gross Profit (TTM) | 2,518,000,000 | |
| Dividends | ||
| Dividend Share | 0.0000 | |
| Dividend Yield | ||
| Valuations | ||
| Trailing PE | 23.0933 | |
| Forward PE | 13.5318 | |
| Price Sales (TTM) | 0.0000 | |
| Price Book (MRQ) | 1.3045 | |
| Revenue Enterprise Value | 0.6014 | |
| EBITDA Enterprise Value | 7.1156 | |
| Shares | ||
| Shares Outstanding | 475,476,000 | |
| Shares Float | 465,895,348 | |
| Shares Short | 0 | |
| Shares Short (Prior Month) | 0 | |
| Shares Ratio | 0.00 | |
| Short Outstanding (%) | 0.00 | |
| Short Float (%) | 0.08 | |
| Insider (%) | 1.66 | |
| Institutions (%) | 72.26 | |
10/10 16:15 EST - businesswire.com
Cleveland-Cliffs to Announce Third-Quarter 2024 Earnings Results on November 4 and Host Conference Call on November 5
CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) will announce its third-quarter 2024 earnings results after the U.S. market close on Monday, November 4, 2024. The Company invites interested parties to listen to a live broadcast of a conference call with securities analysts and institutional investors to discuss the results on Tuesday, November 5, 2024, at 8:30 am ET. The call can be accessed at www.clevelandcliffs.com and will also be archived and available for replay at that addr.
Cleveland-Cliffs to Announce Third-Quarter 2024 Earnings Results on November 4 and Host Conference Call on November 5
CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) will announce its third-quarter 2024 earnings results after the U.S. market close on Monday, November 4, 2024. The Company invites interested parties to listen to a live broadcast of a conference call with securities analysts and institutional investors to discuss the results on Tuesday, November 5, 2024, at 8:30 am ET. The call can be accessed at www.clevelandcliffs.com and will also be archived and available for replay at that addr.
10/09 19:05 EST - zacks.com
Cleveland-Cliffs (CLF) Laps the Stock Market: Here's Why
In the closing of the recent trading day, Cleveland-Cliffs (CLF) stood at $12.85, denoting a +1.1% change from the preceding trading day.
Cleveland-Cliffs (CLF) Laps the Stock Market: Here's Why
In the closing of the recent trading day, Cleveland-Cliffs (CLF) stood at $12.85, denoting a +1.1% change from the preceding trading day.
10/09 06:15 EST - businesswire.com
Canadian Competition Clearance Issued for Cleveland-Cliffs' Acquisition of Stelco
HAMILTON, Ontario--(BUSINESS WIRE)--Stelco Holdings Inc. (TSX: STLC) (“Stelco” or the “Company”) today announced that the Canadian Competition Bureau has issued a “no-action letter”, confirming that the Commissioner of Competition does not intend to challenge Cleveland-Cliffs' pending acquisition of Stelco. The acquisition is expected to be completed in the fourth quarter of 2024 following the satisfaction or waiver of the remaining closing conditions. About Stelco Stelco is a low cost, integra.
Canadian Competition Clearance Issued for Cleveland-Cliffs' Acquisition of Stelco
HAMILTON, Ontario--(BUSINESS WIRE)--Stelco Holdings Inc. (TSX: STLC) (“Stelco” or the “Company”) today announced that the Canadian Competition Bureau has issued a “no-action letter”, confirming that the Commissioner of Competition does not intend to challenge Cleveland-Cliffs' pending acquisition of Stelco. The acquisition is expected to be completed in the fourth quarter of 2024 following the satisfaction or waiver of the remaining closing conditions. About Stelco Stelco is a low cost, integra.
10/09 06:00 EST - businesswire.com
Cleveland-Cliffs Receives Canadian Competition Bureau Clearance for the Acquisition of Stelco
CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) today announced that it has received a "no-action letter" from the Canadian Competition Bureau confirming that the Commissioner of Competition does not intend to challenge Cliffs' pending acquisition of Stelco Holdings Inc. (“Stelco”). Cliffs remains on track to close the transaction this quarter. Lourenco Goncalves, Cliffs' Chairman, President and CEO, said, “We have achieved three important milestones this week toward cl.
Cleveland-Cliffs Receives Canadian Competition Bureau Clearance for the Acquisition of Stelco
CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) today announced that it has received a "no-action letter" from the Canadian Competition Bureau confirming that the Commissioner of Competition does not intend to challenge Cliffs' pending acquisition of Stelco Holdings Inc. (“Stelco”). Cliffs remains on track to close the transaction this quarter. Lourenco Goncalves, Cliffs' Chairman, President and CEO, said, “We have achieved three important milestones this week toward cl.
10/08 16:45 EST - businesswire.com
Cleveland-Cliffs Inc. Announces Upsizing and Pricing of Senior Unsecured Guaranteed Notes
CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) announced today that it has upsized and priced $900 million aggregate principal amount of Senior Guaranteed Notes due 2029 (the “2029 Notes”) and $900 million aggregate principal amount of Senior Guaranteed Notes due 2033 (the “2033 Notes” and, together with the 2029 Notes, the “Notes”) in an offering that is exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”). The 2029 Notes will.
Cleveland-Cliffs Inc. Announces Upsizing and Pricing of Senior Unsecured Guaranteed Notes
CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) announced today that it has upsized and priced $900 million aggregate principal amount of Senior Guaranteed Notes due 2029 (the “2029 Notes”) and $900 million aggregate principal amount of Senior Guaranteed Notes due 2033 (the “2033 Notes” and, together with the 2029 Notes, the “Notes”) in an offering that is exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”). The 2029 Notes will.
10/08 10:50 EST - gurufocus.com
CLF Drops Over 4% Following Antitrust Approval for Stelco Acquisition
Shares of Cleveland-Cliffs (CLF, Financial), North America's largest iron ore producer, fell by over 4%, trading at $12.46. The decline follows news that the company has passed the United States Department of Justice's antitrust review for its acquisition of Canadian steel company Stelco.
CLF Drops Over 4% Following Antitrust Approval for Stelco Acquisition
Shares of Cleveland-Cliffs (CLF, Financial), North America's largest iron ore producer, fell by over 4%, trading at $12.46. The decline follows news that the company has passed the United States Department of Justice's antitrust review for its acquisition of Canadian steel company Stelco.
10/08 08:08 EST - businesswire.com
Cleveland-Cliffs Inc. Announces Proposed Offering of Senior Unsecured Guaranteed Notes
CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) announced today that it intends to offer to sell, subject to market and other conditions, $800 million aggregate principal amount of Senior Guaranteed Notes due 2029 (the “2029 Notes”) and $800 million aggregate principal amount of Senior Guaranteed Notes due 2033 (the “2033 Notes” and, together with the 2029 Notes, the “Notes”) in an offering that is exempt from the registration requirements of the Securities Act of 1933.
Cleveland-Cliffs Inc. Announces Proposed Offering of Senior Unsecured Guaranteed Notes
CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) announced today that it intends to offer to sell, subject to market and other conditions, $800 million aggregate principal amount of Senior Guaranteed Notes due 2029 (the “2029 Notes”) and $800 million aggregate principal amount of Senior Guaranteed Notes due 2033 (the “2033 Notes” and, together with the 2029 Notes, the “Notes”) in an offering that is exempt from the registration requirements of the Securities Act of 1933.
10/08 07:00 EST - businesswire.com
Cleveland-Cliffs Clears U.S. Department of Justice Antitrust Review for the Acquisition of Stelco
CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the “HSR Act”), in connection with its pending acquisition of Stelco Holdings Inc. (“Stelco”). The expiration of the HSR Act waiting period clears an important regulatory hurdle and marks a significant step toward the closing of this acquisition, which is expected to occur in the fourth quarter of 2024 follo.
Cleveland-Cliffs Clears U.S. Department of Justice Antitrust Review for the Acquisition of Stelco
CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the “HSR Act”), in connection with its pending acquisition of Stelco Holdings Inc. (“Stelco”). The expiration of the HSR Act waiting period clears an important regulatory hurdle and marks a significant step toward the closing of this acquisition, which is expected to occur in the fourth quarter of 2024 follo.
10/07 07:00 EST - businesswire.com
Cleveland-Cliffs and United Steelworkers to Host Senior U.S. Government Officials at its Coatesville, Pennsylvania Steel Plant
CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced that it will be hosting United States Trade Representative (USTR) Katherine Tai, Acting Secretary of Labor Julie Su, Congresswoman Chrissy Houlahan, together with the Director of District 10 of the United Steelworkers (USW) Bernie Hall, at its Coatesville, PA mill on Friday, October 11. This visit follows USTR's recent final determination relating to increased Section 301 tariffs on imports of steel, electric vehicles and v.
Cleveland-Cliffs and United Steelworkers to Host Senior U.S. Government Officials at its Coatesville, Pennsylvania Steel Plant
CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced that it will be hosting United States Trade Representative (USTR) Katherine Tai, Acting Secretary of Labor Julie Su, Congresswoman Chrissy Houlahan, together with the Director of District 10 of the United Steelworkers (USW) Bernie Hall, at its Coatesville, PA mill on Friday, October 11. This visit follows USTR's recent final determination relating to increased Section 301 tariffs on imports of steel, electric vehicles and v.
10/01 19:06 EST - zacks.com
Cleveland-Cliffs (CLF) Rises As Market Takes a Dip: Key Facts
The latest trading day saw Cleveland-Cliffs (CLF) settling at $12.99, representing a +1.72% change from its previous close.
Cleveland-Cliffs (CLF) Rises As Market Takes a Dip: Key Facts
The latest trading day saw Cleveland-Cliffs (CLF) settling at $12.99, representing a +1.72% change from its previous close.
09/27 10:54 EST - fool.com
Why XPeng, Li Auto, and Even Cleveland-Cliffs Stocks Soared This Week
The U.S. Federal Reserve isn't the only central bank making important moves. China's stimulus plan could mean even faster sales growth for EV makers.
Why XPeng, Li Auto, and Even Cleveland-Cliffs Stocks Soared This Week
The U.S. Federal Reserve isn't the only central bank making important moves. China's stimulus plan could mean even faster sales growth for EV makers.
09/25 19:05 EST - zacks.com
Cleveland-Cliffs (CLF) Falls More Steeply Than Broader Market: What Investors Need to Know
Cleveland-Cliffs (CLF) closed the most recent trading day at $12.25, moving -1.45% from the previous trading session.
Cleveland-Cliffs (CLF) Falls More Steeply Than Broader Market: What Investors Need to Know
Cleveland-Cliffs (CLF) closed the most recent trading day at $12.25, moving -1.45% from the previous trading session.
09/23 19:21 EST - zacks.com
Cleveland-Cliffs (CLF) Rises Higher Than Market: Key Facts
Cleveland-Cliffs (CLF) closed the most recent trading day at $11.87, moving +0.85% from the previous trading session.
Cleveland-Cliffs (CLF) Rises Higher Than Market: Key Facts
Cleveland-Cliffs (CLF) closed the most recent trading day at $11.87, moving +0.85% from the previous trading session.
09/18 18:04 EST - businesswire.com
Court Grants Final Order to Stelco Approving Arrangement with Cleveland-Cliffs
TORONTO--(BUSINESS WIRE)--Stelco Holdings Inc. (“Stelco” or the “Company”) (TSX: STLC) announced today that the Ontario Superior Court of Justice (Commercial List) has issued a final order approving the previously announced plan of arrangement (the “Arrangement”) pursuant to which 13421422 Canada Inc. (the “Purchaser”), a wholly-owned subsidiary of Cleveland-Cliffs Inc. (“Cliffs”), will acquire all of the issued and outstanding common shares of Stelco (the “Common Shares”). Subject to the satis.
Court Grants Final Order to Stelco Approving Arrangement with Cleveland-Cliffs
TORONTO--(BUSINESS WIRE)--Stelco Holdings Inc. (“Stelco” or the “Company”) (TSX: STLC) announced today that the Ontario Superior Court of Justice (Commercial List) has issued a final order approving the previously announced plan of arrangement (the “Arrangement”) pursuant to which 13421422 Canada Inc. (the “Purchaser”), a wholly-owned subsidiary of Cleveland-Cliffs Inc. (“Cliffs”), will acquire all of the issued and outstanding common shares of Stelco (the “Common Shares”). Subject to the satis.
09/18 09:50 EST - zacks.com
Cleveland-Cliffs Reiterates Commitment to Middletown Works Project
CLF remains optimistic about gaining final approvals and moving forward with its carbon-friendly, high-return project.
Cleveland-Cliffs Reiterates Commitment to Middletown Works Project
CLF remains optimistic about gaining final approvals and moving forward with its carbon-friendly, high-return project.
09/17 15:00 EST - zacks.com
Cleveland-Cliffs' Stelco Acquisition Gets Shareholder Approval
The resolution concerning CLF's previously-announced acquisition of Stelco has been approved at a special shareholder meeting.
Cleveland-Cliffs' Stelco Acquisition Gets Shareholder Approval
The resolution concerning CLF's previously-announced acquisition of Stelco has been approved at a special shareholder meeting.
09/16 16:15 EST - businesswire.com
Cleveland-Cliffs Announces Shareholder Approval of Arrangement to Acquire Stelco
CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) is pleased to announce that the holders of common shares (the “Shareholders”) of Stelco Holdings Inc. (TSX: STLC) (“Stelco”) voted in favor of, and overwhelmingly approved, the special resolution (the “Arrangement Resolution”) regarding the previously announced indirect acquisition of Stelco by Cliffs at a special meeting of the Shareholders held earlier today (the “Stelco Meeting”). The Arrangement Resolution received sup.
Cleveland-Cliffs Announces Shareholder Approval of Arrangement to Acquire Stelco
CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) is pleased to announce that the holders of common shares (the “Shareholders”) of Stelco Holdings Inc. (TSX: STLC) (“Stelco”) voted in favor of, and overwhelmingly approved, the special resolution (the “Arrangement Resolution”) regarding the previously announced indirect acquisition of Stelco by Cliffs at a special meeting of the Shareholders held earlier today (the “Stelco Meeting”). The Arrangement Resolution received sup.
09/16 14:15 EST - businesswire.com
Cleveland-Cliffs Reaffirms Commitment to Middletown Works Decarbonization Project and Ongoing Partnership with the U.S. Department of Energy
CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) remains fully committed toward the transformational project underway at its Middletown Works integrated facility in Middletown, Ohio. As previously disclosed, Cliffs was selected for award negotiations for up to $500 million in total funding from the Department of Energy toward the replacement of its Middletown blast furnace with a Direct Reduced Iron (DRI) Plant and two Electric Melting Furnaces (EMF). The Company continu.
Cleveland-Cliffs Reaffirms Commitment to Middletown Works Decarbonization Project and Ongoing Partnership with the U.S. Department of Energy
CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) remains fully committed toward the transformational project underway at its Middletown Works integrated facility in Middletown, Ohio. As previously disclosed, Cliffs was selected for award negotiations for up to $500 million in total funding from the Department of Energy toward the replacement of its Middletown blast furnace with a Direct Reduced Iron (DRI) Plant and two Electric Melting Furnaces (EMF). The Company continu.
09/13 14:26 EST - marketbeat.com
3 Steel Stocks to Buy for a Tariff Tailwind
In May 2024, the Biden administration announced plans to leave the tariffs imposed on Chinese steel during the Trump administration in place. In fact, the administration also sought to triple the tariffs to 25%.
3 Steel Stocks to Buy for a Tariff Tailwind
In May 2024, the Biden administration announced plans to leave the tariffs imposed on Chinese steel during the Trump administration in place. In fact, the administration also sought to triple the tariffs to 25%.
09/13 08:31 EST - businesswire.com
Cleveland-Cliffs Successfully Amends Asset-Based Lending Facility
CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) today announced that it successfully amended its $4.75 billion Asset-Based Lending (ABL) facility as part of the financing for the pending acquisition of Stelco Holdings Inc. (“Stelco”). Cliffs has completely replaced Goldman Sachs' participation with increased commitments from Bank of America, Wells Fargo, J.P. Morgan, Fifth Third, Truist, Capital One, BMO, Huntington, and U.S. Bank. Additionally, PNC, Flagstar, UBS, MUFG.
Cleveland-Cliffs Successfully Amends Asset-Based Lending Facility
CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) today announced that it successfully amended its $4.75 billion Asset-Based Lending (ABL) facility as part of the financing for the pending acquisition of Stelco Holdings Inc. (“Stelco”). Cliffs has completely replaced Goldman Sachs' participation with increased commitments from Bank of America, Wells Fargo, J.P. Morgan, Fifth Third, Truist, Capital One, BMO, Huntington, and U.S. Bank. Additionally, PNC, Flagstar, UBS, MUFG.