Cleveland Stock Today

CLF
 Stock
  

USD 18.31  0.26  1.40%   

Market Performance
0 of 100
Odds Of Distress
Less than 3
Cleveland Cliffs is trading at 18.31 as of the 9th of August 2022, a -1.4 percent decrease since the beginning of the trading day. The stock's lowest day price was 17.66. Cleveland Cliffs has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over 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 14th of August 2021 and ending today, the 9th of August 2022. Click here to learn more.
CUSIP
185896107
Fiscal Year End
December
Business Domain
Materials
IPO Date
5th of November 1987
Category
Basic Materials
Classification
Materials
ISIN
US1858991011
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 500.09 M outstanding shares of which 46.43 M shares are currently shorted by investors with about 2.43 days to cover. More on Cleveland-Cliffs

Moving together with Cleveland Cliffs

0.73CMCCommercial Metals Fiscal Year End 13th of October 2022 PairCorr
0.87AMRAlpha Metallurgical Upward RallyPairCorr
Follow Valuation Options Odds of Bankruptcy
Check how we calculate scores

Cleveland Cliffs 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. If you consider yourself one of those investors, make sure you clearly understand your entering position. 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.
Cleveland-Cliffs generated a negative expected return over the last 90 days
Cleveland-Cliffs has high historical volatility and very poor performance
About 63.0% of the company shares are held by institutions such as insurance companies
Latest headline from www.marketscreener.com: CLEVELAND-CLIFFS INC. Managements Discussion and Analysis of Financial Condition and Results of Operations - Marketscreener.com
ChairmanLourenco Goncalves
SEC FilingsCleveland Cliffs Security & Exchange Commission EDGAR Reports
Thematic Ideas
(view all).
Fama & French Classification
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.
Piotroski F Score
Piotroski F-Score is a popular financial indicator that puts together nine criteria to evaluate the financial strength of Cleveland-Cliffs based on its profitability, leverage, liquidity, source of funds, and operating efficiency. It is an academic score (developed by Joseph Piotroski in 2002) to determine the current strength of Cleveland-Cliffs financial position. Scores of 8 and 9 are usually classified as strong value stocks, whereas scores of 2 or below are considered weak value stocks.
HealthyDetails
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares405.3 M500.1 M
Significantly Down
Increasing
Slightly volatile
Weighted Average Shares Diluted290.9 M327.2 M
Fairly Down
Increasing
Slightly volatile
Net Cash Flow from OperationsB2.8 B
Significantly Up
Increasing
Very volatile
Total Assets20.5 B19 B
Significantly Up
Increasing
Stable
Total Liabilities10.6 B13.2 B
Significantly Down
Increasing
Slightly volatile
Current Assets8.3 B7.7 B
Significantly Up
Increasing
Slightly volatile
Current Liabilities3.8 B3.6 B
Significantly Up
Increasing
Slightly volatile
Total Debt4.6 B5.2 B
Fairly Down
Increasing
Stable
Return on Average Assets0.180.166
Significantly Up
Increasing
Stable
Gross Margin0.220.222
Slightly Down
Decreasing
Slightly volatile
Asset Turnover0.971.136
Fairly Down
Increasing
Slightly volatile
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Cleveland Cliffs' available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Financial Strength
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.
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Share Download
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 4.67 B in debt with debt to equity (D/E) ratio of 0.67, which is OK given its current industry classification. Cleveland-Cliffs has a current ratio of 2.16, 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.

Operating Cash Flow

3 Billion
Cleveland-Cliffs (CLF) is traded on New York Stock Exchange in USA. It is located in 200 Public Square, Cleveland, OH 44114-2315, United States and employs 27,000 people. Cleveland Cliffs is listed under Industrial Metal Mining category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with total capitalization of 9.16 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 these looking for more risk prefer small-cap and mid-cap equities. Cleveland-Cliffs runs under Basic Materials sector within Steel industry. The entity has 500.09 M outstanding shares of which 46.43 M shares are currently shorted by investors with about 2.43 days to cover. Cleveland-Cliffs has about 47 M in cash with 4.05 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.09.
Check Cleveland Cliffs Probability Of Bankruptcy
Ownership
Cleveland-Cliffs retains a total of 500.09 Million outstanding shares. Over half of Cleveland-Cliffs outstanding shares are owned by other corporate entities. These other corporate entities are typically referred to corporate investors that acquire positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulation 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 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.

Ownership Allocation (%)

Check Cleveland Ownership Details

Cleveland Stock Price Odds Analysis

What are Cleveland Cliffs' target price odds to finish over the current price? Based on a normal probability distribution, the odds of Cleveland Cliffs jumping above the current price in 90 days from now is about 58.18%. 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 2.1637 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, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Cleveland-Cliffs is significantly underperforming DOW.
  Odds Below 18.31HorizonTargetOdds Above 18.31
41.72%90 days
 18.31 
58.18%
Based on a normal probability distribution, the odds of Cleveland Cliffs to move above the current price in 90 days from now is about 58.18 (This Cleveland-Cliffs probability density function shows the probability of Cleveland Stock to fall within a particular range of prices over 90 days) .

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.
Cleveland Cliffs Consolidated Income is projected to increase significantly based on the last few years of reporting. The past year's Consolidated Income was at 3.03 Billion. The current year Cost of Revenue is expected to grow to about 17.2 B, whereas Net Loss Income from Discontinued Operations is forecasted to decline to (3.1 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.

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 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 Harlan - DirectorProfile
Eric Rychel - Independent DirectorProfile
Susan Green - Independent DirectorProfile
William Gerber - Independent DirectorProfile

Invested in Cleveland-Cliffs?

You need to understand the risk of investing before taking a position 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 Shape 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.
Continue to Trending Equities. Note that the Cleveland-Cliffs information on this page should be used as a complementary analysis to other Cleveland Cliffs' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

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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 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 YOY
-0.15
Market Capitalization
9.5 B
Quarterly Revenue Growth YOY
0.26
Return On Assets
0.17
Return On Equity
0.64
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 Cleveland Cliffs value 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.