Cleveland Cliffs Stock Today

CLF Stock  USD 22.74  0.61  2.76%   

Performance

7 of 100

 
Low
 
High
OK

Odds Of Distress

Less than 9

 
100  
 
Zero
Low
Cleveland Cliffs is trading at 22.74 as of the 29th of March 2024. This is a 2.76 percent up since the beginning of the trading day. The stock's lowest day price was 22.25. Cleveland Cliffs has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat ok performance during the last 90 days. Equity ratings for Cleveland Cliffs are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 28th of February 2024 and ending today, the 29th of March 2024. Click here to learn more.
Business Domain
Materials
IPO Date
5th of November 1987
Category
Basic Materials
Cleveland-Cliffs Inc. operates as a flat-rolled steel producer in North America. The company was founded in 1847 and is headquartered in Cleveland, Ohio. Cleveland Cliffs operates under Steel classification in the United States and is traded on New York Stock Exchange. The company has 498.29 M outstanding shares of which 31.79 M shares are currently shorted by investors with about 3.75 days to cover. More on Cleveland Cliffs

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Cleveland Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Cleveland Cliffs' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Cleveland Cliffs or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ChairmanLourenco Goncalves
Thematic IdeaNon-Metallic and Industrial Metal Mining (View all Themes)
Old Names[China Life Insurance Co Ltd, China Life Insurance Company Limited, CLIFFS, Concentrated Leaders Fund Limited]
Business ConcentrationMetals & Mining, Materials, Basic Materials, NYSE Composite, SP Midcap 400, Non-Metallic and Industrial Metal Mining, Materials, Metals & Mining, Steel, Basic Materials (View all Sectors)
Average Analyst Recommendation
Analysts covering Cleveland Cliffs report their recommendations after researching Cleveland Cliffs' financial statements, talking to executives and customers, or listening in on Cleveland Cliffs' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Cleveland-Cliffs. The Cleveland consensus assessment is calculated by taking the average forecast from all of the analysts covering Cleveland Cliffs.
Cleveland Cliffs' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Cleveland Cliffs' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Cleveland Cliffs' bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Cleveland Cliffs' outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Cleveland Cliffs' financial leverage. It provides some insight into what part of Cleveland Cliffs' total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Cleveland Cliffs' books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Cleveland Cliffs deploys its capital and how much of that capital is borrowed.
Liquidity
Cleveland Cliffs cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 3.14 B in debt with debt to equity (D/E) ratio of 0.62, which is OK given its current industry classification. Cleveland-Cliffs has a current ratio of 2.28, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Debt can assist Cleveland Cliffs until it has trouble settling it off, either with new capital or with free cash flow. So, Cleveland Cliffs' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Cleveland-Cliffs sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Cleveland to invest in growth at high rates of return. When we think about Cleveland Cliffs' use of debt, we should always consider it together with cash and equity.

Stock Based Compensation

(924.35 Million)
Cleveland Cliffs (CLF) is traded on New York Stock Exchange in USA. It is located in 200 Public Square, Cleveland, OH, United States, 44114-2315 and employs 28,000 people. Cleveland Cliffs is listed under Metals & Mining category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a total capitalization of 11.03 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Cleveland Cliffs's market, we take the total number of its shares issued and multiply it by Cleveland Cliffs's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Cleveland-Cliffs runs under Metals & Mining sector within Materials industry. The entity has 498.29 M outstanding shares of which 31.79 M shares are currently shorted by investors with about 3.75 days to cover. Cleveland Cliffs has about 26 M in cash with 2.27 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.11.
Check Cleveland Cliffs Probability Of Bankruptcy
Ownership Allocation
Cleveland-Cliffs retains a total of 498.29 Million outstanding shares. Over half of Cleveland Cliffs' outstanding shares are owned by other corporate entities. These other corporate entities are typically referred to as corporate investors that acquire positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Cleveland Cliffs. Please watch out for any change in the institutional holdings of Cleveland-Cliffs as this could mean something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Cleveland Ownership Details

Cleveland Stock Price Odds Analysis

In reference to a normal probability distribution, the odds of Cleveland Cliffs jumping above the current price in 90 days from now is near 1%. The Cleveland Cliffs probability density function shows the probability of Cleveland Cliffs stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.879 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Cleveland Cliffs will likely underperform. Additionally, cleveland Cliffs has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 22.74HorizonTargetOdds Above 22.74
99.51%90 days
 22.74 
0.48%
Based on a normal probability distribution, the odds of Cleveland Cliffs to move above the current price in 90 days from now is near 1 (This Cleveland Cliffs probability density function shows the probability of Cleveland Stock to fall within a particular range of prices over 90 days) .

Cleveland Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Cleveland Cliffs that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Cleveland Cliffs' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Cleveland Cliffs' value.
InstituionRecorded OnShares
Susquehanna International Group, Llp2023-12-31
M
Bank Of New York Mellon Corp2023-12-31
4.9 M
Marshall Wace Asset Management Ltd2023-12-31
4.5 M
Holocene Advisors, Lp2023-09-30
4.2 M
Neuberger Berman Group Llc2023-12-31
4.1 M
Sound Shore Management Inc2023-12-31
M
Northern Trust Corp2023-12-31
3.8 M
Arrowstreet Capital Limited Partnership2023-12-31
3.8 M
Two Sigma Investments Llc2023-12-31
3.7 M
Vanguard Group Inc2023-12-31
50.1 M
Blackrock Inc2023-12-31
48.5 M
View Cleveland Cliffs Diagnostics

Cleveland Cliffs Historical Income Statement

Cleveland Cliffs Income Statement is one of the three primary financial statements used for reporting Cleveland's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Cleveland-Cliffs revenue and expense. Cleveland Cliffs Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Cleveland Cliffs' Selling General Administrative is most likely to increase significantly in the upcoming years. The Cleveland Cliffs' current Total Revenue is estimated to increase to about 23.1 B, while Tax Provision is projected to decrease to roughly 83.1 M. View More Fundamentals

Cleveland Stock Against Markets

Picking the right benchmark for Cleveland Cliffs stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Cleveland Cliffs stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Cleveland Cliffs is critical whether you are bullish or bearish towards Cleveland Cliffs at a given time. Please also check how Cleveland Cliffs' historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Cleveland Cliffs without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Cleveland Cliffs Corporate Directors

Cleveland Cliffs corporate directors refer to members of a Cleveland Cliffs board of directors. The board of directors generally takes responsibility for the Cleveland Cliffs' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Cleveland Cliffs' board members must vote for the resolution. The Cleveland Cliffs board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Ann HarlanDirectorProfile
Eric RychelIndependent DirectorProfile
Susan GreenIndependent DirectorProfile
William GerberIndependent DirectorProfile

How to buy Cleveland Stock?

Before investing in Cleveland Cliffs, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Cleveland Cliffs. To buy Cleveland Cliffs stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Cleveland Cliffs. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Cleveland Cliffs stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Cleveland Cliffs stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Cleveland Cliffs stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Cleveland Cliffs, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Cleveland Stock please use our How to Invest in Cleveland Cliffs guide.

Already Invested in Cleveland Cliffs?

The danger of trading Cleveland Cliffs is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Cleveland Cliffs is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Cleveland Cliffs. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Cleveland-Cliffs is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Cleveland-Cliffs is a strong investment it is important to analyze Cleveland Cliffs' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Cleveland Cliffs' future performance. For an informed investment choice regarding Cleveland Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cleveland Cliffs. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
For more detail on how to invest in Cleveland Stock please use our How to Invest in Cleveland Cliffs guide.
You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.

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When running Cleveland Cliffs' price analysis, check to measure Cleveland Cliffs' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cleveland Cliffs is operating at the current time. Most of Cleveland Cliffs' value examination focuses on studying past and present price action to predict the probability of Cleveland Cliffs' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cleveland Cliffs' price. Additionally, you may evaluate how the addition of Cleveland Cliffs to your portfolios can decrease your overall portfolio volatility.
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Is Cleveland Cliffs' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cleveland Cliffs. If investors know Cleveland will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cleveland Cliffs listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.792
Earnings Share
0.78
Revenue Per Share
43.129
Quarterly Revenue Growth
0.013
Return On Assets
0.0329
The market value of Cleveland-Cliffs is measured differently than its book value, which is the value of Cleveland that is recorded on the company's balance sheet. Investors also form their own opinion of Cleveland Cliffs' value that differs from its market value or its book value, called intrinsic value, which is Cleveland Cliffs' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cleveland Cliffs' market value can be influenced by many factors that don't directly affect Cleveland Cliffs' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cleveland Cliffs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cleveland Cliffs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cleveland Cliffs' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.