|Bid||9.61 x 1100|
|Ask||9.70 x 4000|
|Day's Range||9.55 - 9.77|
|52 Week Range||7.40 - 13.10|
|Beta (3Y Monthly)||2.64|
|PE Ratio (TTM)||2.44|
|Earnings Date||Jul 18, 2019 - Jul 22, 2019|
|Forward Dividend & Yield||0.24 (2.76%)|
|1y Target Est||13.14|
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We have processed the filings of the more than 700 world-class investment firms that we track and now have access to the collective wisdom contained in […]
Cleveland-Cliffs Inc. (CLF) announced today that it will host a ribbon cutting ceremony for its expansion at Northshore Mining in Silver Bay, Minnesota on August 7. The Company will be celebrating the startup of the new production equipment, including supporting infrastructure, which will be completed on schedule and within a total investment budget of $100 million. The Company broke ground for the project in March 2018, and the execution of the project will conclude after nearly 300,000 labor hours of work.
Cleveland-Cliffs Inc NYSE:CLFView full report here! Summary * Bearish sentiment is high * Economic output in this company's sector is expanding Bearish sentimentShort interest | NegativeShort interest is extremely high for CLF with more than 20% of shares on loan. This means that investors who seek to profit from falling equity prices are currently targeting CLF. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold CLF had net inflows of $653 million over the last one-month. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Basic Materials sector is rising. The rate of growth is weak relative to the trend shown over the past year, but is accelerating. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Why CLF’s CEO Sees a Big Upswing in US Steel Prices Soon(Continued from Prior Part)CLF’s CEO says shortage of iron ore pellets to persistDuring an interview with the S&P Global Platts, Cleveland-Cliffs’ (CLF) CEO, Lourenco Goncalves, said
Why CLF’s CEO Sees a Big Upswing in US Steel Prices Soon(Continued from Prior Part)Economy is fantasticDuring his interview with the S&P Global Platts, Cleveland-Cliffs’ (CLF) CEO, Lourenco Goncalves, also talked about the US economy. He
Why CLF’s CEO Sees a Big Upswing in US Steel Prices SoonCLF’s CEO sees an upswing in US steel pricesCleveland-Cliffs’ (CLF) CEO, Lourenco Goncalves, believes that US steel prices should see a big upswing in the next few months. He told S&P
Cleveland-Cliffs, Inc. (CLF) is the largest and oldest (founded in 1874) independent iron ore mining company in the U.S. It operates here, Canada, and internationally, serving integrated steel companies and steel producers, notes David Fried, editor of The Buyback Letter.
U.S. equities are falling hard on Friday, continuing a week of losses, as a cavalcade of global macro factors weigh on sentiment. The big news was that President Donald Trump is threatening to enact tariffs against Mexico unless it curbs illegal immigration through the southern U.S. border. This caps long-running hints that Trump could close the southern border altogether to force Mexico to act and follows his declaration of a national emergency at the southern border.Separately, U.S.-China trade tensions continue to simmer, the political situation in Europe is growing more nationalistic, with Italy facing off against the European Commission, and the start-up bubble seems to be bursting, with Uber (NYSE:UBER) continuing to decline as the company announces it will reduce promotions in a bid to boost profitability. * 7 Stocks to Buy for Monster Growth There's a lot of bad news to digest, and Wall Street seems to only now be awakening to that fact. As a result, here is a list of seven stocks to sell as we head into June:InvestorPlace - Stock Market News, Stock Advice & Trading Tips Stocks to Sell: Ford (F)Shares of Ford (NYSE:F) are down roughly 3% in mid-day trading as investors worry that Trump's tariffs on Mexican imports will directly impact the company's bottom line. Roughly 18% of its U.S. sales are built in Mexico. This will start as a small problem -- with a 5% tariff starting on June 10 -- but eventually become big. The tariff will increase to 25% in October unless Mexico takes action.The company will next report results on July 25 after the close. Analysts are looking for earnings of 32 cents per share on revenues of $35.9 billion. When the company last reported on April 25, earnings of 44 cents per share beat estimates by 17 cents on a 3.9% decline in revenues. JPMorgan (JPM)With long-term interest rates falling, big bank net interest margins are under growing pressure. Thus, big bank stocks like JPMorgan (NYSE:JPM) are getting hit, pushing shares down below their 200-day moving average for the first time since April. Watch for a likely decline to the late-March low, which would be worth a loss of roughly 8% from here. * 7 Stocks to Sell Amid an Escalating Trade War The company will next report results on July 16 before the bell. Analysts are looking for earnings of $2.54 per share on revenues of $28.8 billion. When the company last reported on April 12, earnings of $2.65 beat estimates by 30 cents on a 4.4% rise in revenues. Cliffs Natural Resources (CLF)Iron ore miner Cliffs Natural Resources (NYSE:CLF) is suffering as shares fall down and out of a long consolidation range to return to lows not seen since early January. The decline comes despite a recent increase to the quarterly dividend and an upgrade by analysts at Credit Suisse. The problem is worry that a slowdown in global trade will hit demand for metals, which will dent demand for ore.The company will next report results on July 19 before the bell. Analysts are looking for earnings of 51 cents per share on revenues of $610.6 million. When the company last reported on April 25, a loss of eight cents per share beat estimates by six cents on a 12.8% decline in revenues. Johnson & Johnson (JNJ)Johnson & Johnson (NYSE:JNJ) shares are continuing to fall further away from their 200-day moving average, closing in on their January lows to exit a four-month consolidation range. The stock is being weighed down by the start of a first-of-its-kind opioid liability lawsuit in Oklahoma and reports of a $300 million judgement in a New York lawsuit over its talc powder. * 7 Stocks to Buy for June The company will next report results on July 16 before the bell. Analysts are looking for earnings of $2.40 on revenues of $20.3 billion. When the company last reported on April 16, earnings of $2.10 beat estimates by six cents on a 0.1% rise in revenues. eBay (EBAY)Shares of online auction icon eBay (NASDAQ:EBAY) are threatening to fall down and out of a four-month consolidation range as its 20-day moving average closed below its 50-day average for the first time since January. The prior gap near $31 is a likely downside target and would be worth a loss of roughly 14% from here. Rumors that the company could soon start accepting cryptocurrencies haven't had the results the bulls were hoping for.The company will next report results on July 17 after the close. Analysts are looking for earnings of 62 cents per share on revenues of $2.7 billion. When the company last reported on April 23, earnings of 67 cents per share beat estimates by four cents on a 2.4% rise in revenues. Best Buy (BBY)Best Buy (NYSE:BBY) shares are falling further away from their 200-day moving average after succumbing to a head-and-shoulders reversal pattern over the last four months. Watch for a possible decline back to the January-February trading range, which would be worth a loss of 8% from here. Shares have been sliding in recent days despite the reporting of solid results earlier in the month. There are worries about a slowdown in gaming, smartphone saturation, and tough year-over-year comparisons. * 7 Utility Stocks to Trust for Retirement The company will next report results on Aug. 27 before the bell. Analysts are looking for earnings of 99 cents per share on revenues of $9.6 billion. When the company last reported on May 23, earnings of $1.02 per share beat estimates by 15 cents on a 0.4% rise in revenues. Amazon (AMZN)Amazon (NASDAQ:AMZN) shares are dropping below the $1,800 level and are looking set for a drop below their 200-day moving average after failing to recapture the prior highs set last summer. The latest is that the company could be considering a push into the wireless space with a possible purchase of Boost Mobile from Sprint (NYSE:S)/T-Mobile (NASDAQ:TMUS). The focus continues to be on the strong growth at Amazon Web Services, but that isn't generating the excitement among investors that it used to.The company will next report results on July 25 after the close. Analysts are looking for earnings of $5.51 per share on revenues of $62.5 billion. When the company last reported on April 25, earnings of $7.09 beat estimates by $2.43 on a 17% rise in revenues.As of this writing, William Roth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy for Monster Growth * Ranking the Top 10 Stock Buybacks of Last Year * 5 Stocks Under $10 With Big Upside Potential Compare Brokers The post 7 Stocks to Sell in June appeared first on InvestorPlace.
Cleveland-Cliffs Inc. (CLF) today announced that its Board of Directors declared a quarterly cash dividend on the Company's common shares of $0.06 per share. This dividend represents a 20% increase on the dividends previously paid in 2019. The cash dividend will be payable on July 15, 2019, to shareholders of record as of the close of business on July 5, 2019.
Could Divergence between Cleveland-Cliffs and Steel Continue?(Continued from Prior Part)Analysts’ recommendationsCleveland-Cliffs (CLF) currently has 72.7% “buy” ratings from the 11 analysts covering it, according to the consensus compiled by
Could Divergence between Cleveland-Cliffs and Steel Continue?(Continued from Prior Part)US steel pricesWhile domestic fundamentals improved after tariffs were imposed, weaker spot steel prices took hold shortly thereafter, which is driving the
Could Divergence between Cleveland-Cliffs and Steel Continue?(Continued from Prior Part)US steel productionMajor US steelmakers such as AK Steel (AKS) are Cleveland-Cliffs’ (CLF) customers. Domestic steel demand is one of the major drivers for
Cliffs’ nearest debt maturity date is now in 2024. This redemption is part of the liability management transaction that also included the retirement of $600 million of Cliffs’ outstanding 5.75% Senior Guaranteed Notes due 2025. Lourenco Goncalves, Cliffs’ Chairman, President, and CEO said, “With the conclusion of these latest refinancing transactions and with no maturity dates for the next five years, our balance sheet is in its best shape since I started with Cliffs in August 2014.
Cleveland-Cliffs Inc. (NYSE:CLF) shareholders might be concerned after seeing the share price drop 17% in the last...
Why Iron Ore Prices Are Bucking the Downtrend in Metals Prices(Continued from Prior Part)China’s steel demandAs the supply tightness in the seaborne iron ore market continues, there’s another factor supporting prices: Chinese steel demand.
Cleveland-Cliffs (CLF) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Throughout the U.S.-China trade war, we have witnessed steel prices continue to weaken, while iron ore prices have surprisingly rallied on a global supply crunch that has seen prices rise to the highest level since 2014. Sanford C. Bernstein & Co. is predicting that the world's best miners including Vale S.A. (VALE) will deliver approximately 283 million tons this quarter, a 10% decrease on the year. Iron ore's shortfall will likely continue to support miners including Fortescue Metals Group Limited (FSUGY), Cleveland-Cliffs Inc. (CLF) and Anglo American PLC's (NGLOY) Kumba Iron Ore Ltd. The last surge in iron ore prices stemmed from a fall in port holdings in China, which have now fallen to a two-year low. While the shortfall could see supply return in the latter half of the year, in the short term, iron ore prices could be supported.
Cleveland-Cliffs Inc. (CLF) (the “Company”) announced today the early results of its previously announced offer to purchase for cash (the “Tender Offer”) up to $600 million aggregate principal amount (the “Maximum Amount”) of its outstanding 5.75% Senior Guaranteed Notes due 2025 (the “Notes”), subject to the terms and conditions set forth in the Company’s Offer to Purchase dated April 29, 2019 (the “Offer to Purchase”), including the Financing Condition, as defined therein. The Company expects the Financing Condition to be satisfied on May 13, 2019. According to information received from Global Bondholder Services Corporation, the Depositary and Information Agent for the Tender Offer, as of 5:00 p.m., New York City time, on May 10, 2019 (the “Early Tender Date”), $810,553,000 aggregate principal amount of the Notes had been validly tendered and not withdrawn pursuant to the Tender Offer.
Vale’s Production Loss Has Become Its Peers' Gain—Here’s HowVale’s first-quarter productionVale (VALE) published its first-quarter production report on May 8. With the release of the report, the company’s shipment data have become much
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What Could Have Prompted Trump’s Sudden Tariff Hike Decision(Continued from Prior Part)MinersDonald Trump has stepped up his trade rhetoric by hiking up the tariff on $200 billion in Chinese goods to 25%. He has also threatened a 25% tariff on