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Chart Events
Performance Outlook
| Previous Close | 22.14 |
| Open | 22.17 |
| Bid | 21.66 x 1300 |
| Ask | 21.96 x 1000 |
| Day's Range | 21.61 - 22.24 |
| 52 Week Range | 13.61 - 22.97 |
| Volume | |
| Avg. Volume | 8,409,962 |
| Market Cap | 10.289B |
| Beta (5Y Monthly) | 2.04 |
| PE Ratio (TTM) | 27.74 |
| EPS (TTM) | 0.78 |
| Earnings Date | Apr 22, 2024 - Apr 26, 2024 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | Apr 02, 2020 |
| 1y Target Est | 21.96 |
Fair Value
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Related Research
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The latest trading day saw Cleveland-Cliffs (CLF) settling at $22.42, representing a -1.8% change from its previous close.
- Business Wire
Cleveland-Cliffs Applauds DOE’s Final Transformer Efficiency Standard Rule
CLEVELAND, April 04, 2024--Cleveland-Cliffs Inc. (NYSE: CLF) today applauded the Department of Energy’s (DOE) final transformer efficiency standard rule that will provide for the continued utilization of Grain-Oriented Electrical Steel (GOES) in virtually all of Cliffs’ current distribution transformer end markets.
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Cleveland-Cliffs Issues Sustainability Report for 2023
CLEVELAND, April 03, 2024--Cleveland-Cliffs Inc. (NYSE: CLF) announced today the release of its Sustainability Report 2023. The Report informs about Cleveland-Cliffs’ continued progress on environmental, social and governance (ESG) performance for 2023, including its achievements in reducing greenhouse gas (GHG) emissions and decarbonization initiatives. It also includes a Limited Assurance Review issued by Deloitte & Touche LLP.
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CLEVELAND, April 02, 2024--Cleveland-Cliffs Inc. (NYSE: CLF) will announce its first-quarter 2024 earnings results after the U.S. market close on Monday, April 22, 2024.
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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 pricing for vehicles. "A consolidation of the two companies would also place 65 to 90% of steel used in vehicles under the control of a single company," Alliance for Automotive Innovation CEO John Bozzella said in a letter, which was first reported by Reuters. President Joe Biden said earlier this month that U.S. Steel, which has agreed to be bought by Japan's Nippon Steel for $14.9 billion, must remain a domestically-owned U.S. firm.
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Analyst Price Targets (7)
Upgrades & Downgrades
| Downgrade | Wolfe Research: Peer Perform to Underperform | 4/9/2024 | |
| Upgrade | GLJ Research: Sell to Buy | 3/28/2024 | |
| Maintains | Morgan Stanley: Equal-Weight to Equal-Weight | 3/26/2024 | |
| Downgrade | Citigroup: Buy to Neutral | 3/13/2024 | |
| Downgrade | Exane BNP Paribas: Neutral to Underperform | 2/28/2024 | |
| Downgrade | Morgan Stanley: Overweight to Equal-Weight | 2/15/2024 |
Company Profile
200 Public Square
Suite 3300
Cleveland, OH 44114-2315
United States
216 694 5700
https://www.clevelandcliffs.com
Sector(s): Basic Materials
Industry: Steel
Full Time Employees: 28,000
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, stainless steel, and electric resistance welded tubing. In addition, the company offers tinplate products, such as electrolytic tin coated and chrome coated sheet, and tin mill products; tooling and sampling; ingots, rolled blooms, and cast blooms; and hot-briquetted iron products. Further, it owns five iron ore mines in Minnesota and Michigan. The company serves automotive, infrastructure and manufacturing, distributors and converters, and steel producers. 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.
