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Cleveland-Cliffs Inc is a steel business based in the US. Cleveland-Cliffs shares (CLF) are listed on the NYSE and all prices are listed in US Dollars. Cleveland-Cliffs employs 2,372 staff and has a trailing 12-month revenue of around USD$3.6 billion.
|Latest market close||USD$12.66|
|52-week range||USD$2.5885 - USD$14.65|
|50-day moving average||USD$11.42|
|200-day moving average||USD$7.6508|
|Wall St. target price||USD$12.37|
|Dividend yield||USD$0.24 (3.45%)|
|Earnings per share (TTM)||USD$0.923|
The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
|1 week (2021-01-07)||-28.35%|
|1 month (2020-12-17)||-9.05%|
|3 months (2020-10-16)||66.36%|
|6 months (2020-07-17)||122.11%|
|1 year (2020-01-17)||60.46%|
|2 years (2019-01-17)||39.89%|
|3 years (2018-01-17)||49.12%|
|5 years (2016-01-15)||804.29%|
Valuing Cleveland-Cliffs stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Cleveland-Cliffs's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Cleveland-Cliffs's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 138x. In other words, Cleveland-Cliffs shares trade at around 138x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Cleveland-Cliffs's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$355 million.
The EBITDA is a measure of a Cleveland-Cliffs's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||USD$3.6 billion|
|Operating margin TTM||4.11%|
|Gross profit TTM||USD$575.7 million|
|Return on assets TTM||1.56%|
|Return on equity TTM||-12.32%|
|Market capitalisation||USD$6.8 billion|
TTM: trailing 12 months
There are currently 56.1 million Cleveland-Cliffs shares held short by investors – that's known as Cleveland-Cliffs's "short interest". This figure is 12.6% down from 64.1 million last month.
There are a few different ways that this level of interest in shorting Cleveland-Cliffs shares can be evaluated.
Cleveland-Cliffs's "short interest ratio" (SIR) is the quantity of Cleveland-Cliffs shares currently shorted divided by the average quantity of Cleveland-Cliffs shares traded daily (recently around 14.0 million). Cleveland-Cliffs's SIR currently stands at 4.01. In other words for every 100,000 Cleveland-Cliffs shares traded daily on the market, roughly 4010 shares are currently held short.
However Cleveland-Cliffs's short interest can also be evaluated against the total number of Cleveland-Cliffs shares, or, against the total number of tradable Cleveland-Cliffs shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Cleveland-Cliffs's short interest could be expressed as 0.12% of the outstanding shares (for every 100,000 Cleveland-Cliffs shares in existence, roughly 120 shares are currently held short) or 0.1391% of the tradable shares (for every 100,000 tradable Cleveland-Cliffs shares, roughly 139 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Cleveland-Cliffs.
Find out more about how you can short Cleveland-Cliffs stock.
Dividend payout ratio: 300% of net profits
Recently Cleveland-Cliffs has paid out, on average, around 300% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.45% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Cleveland-Cliffs shareholders could enjoy a 3.45% return on their shares, in the form of dividend payments. In Cleveland-Cliffs's case, that would currently equate to about $0.24 per share.
Cleveland-Cliffs's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
Cleveland-Cliffs's most recent dividend payout was on 15 April 2020. The latest dividend was paid out to all shareholders who bought their shares by 2 April 2020 (the "ex-dividend date").
Cleveland-Cliffs's shares were split on a 2:1 basis on 16 May 2008. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Cleveland-Cliffs shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Cleveland-Cliffs shares which in turn could have impacted Cleveland-Cliffs's share price.
Over the last 12 months, Cleveland-Cliffs's shares have ranged in value from as little as $2.5885 up to $14.65. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Cleveland-Cliffs's is 2.2483. This would suggest that Cleveland-Cliffs's shares are significantly more volatile than the average for this exchange and represent a higher risk.
Cleveland-Cliffs Inc. operates as an independent iron ore mining company in the United States, Canada, and internationally. It operates in two segments, Mining and Pelletizing, and Metallics. The company operates three iron ore mines, including the Tilden mine in Michigan; and the Northshore and United Taconite mines in Minnesota, as well as holds 23% stake in the Hibbing mine in Minnesota. It produces various grades of iron ore pellets, including standard, fluxed, and DR-grade for blast furnace steel producers; and flat-rolled carbon, stainless, and electrical steel products primarily for the automotive, infrastructure, and manufacturing markets. 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.
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