Cleveland-Cliffs: A Clear Runway To A Higher Share Price [Seeking Alpha]
Cleveland-Cliffs Inc. (CLF)
Last cleveland-cliffs inc. earnings: 2/20 07:00 am
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US:NYSE Investor Relations:
clevelandcliffs.com/investors/overview/default.aspx
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Source: Seeking Alpha
Cleveland-Cliffs: A Clear Runway To A Higher Share Price Summary Cleveland-Cliffs released their Q4 2018 and full-year 2018 results on Friday, February 8th, 2019. A reversal of a tax valuation allowance allowed CLF to post a headline beat for Q4. Bigger picture, 2019 guidance was implicitly raised due to higher pellet pricing. Adding to the narrative, an expanded HBI facility should raise earnings power for 2020 and beyond. EBITDA and operating cash flows for 2019 should come in above 2018's already elevated levels (the highest in the past four years). The front-loaded expected increase in CLF's operating results (2019 & 2020) raises my price target from $20 to $30 with $35 per share easily achievable if CLF executes on their plan. Introduction Cleveland-Cliffs (NYSE: The Contrarian earnings beat Bigger picture, CLF, partly through Vale's (NYSE: VALE At this juncture, CLF shares are worth roughly $19 through EV/EBITDA valuation analysis, and I can model higher share price targets usin
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News
- Orbital Biocarbon, PYREG Partner to Transform Wastewater Sludge Disposal into Regulation Compliant, Carbon Negative and PFAS-Free Profit Center [Yahoo! Finance]Yahoo! Finance
- Cleveland-Cliffs Q1 2024 Earnings: Capital Allocation And Costs Are In The Spotlight [Seeking Alpha]Seeking Alpha
- Seeking Clues to Cleveland-Cliffs (CLF) Q1 Earnings? A Peek Into Wall Street Projections for Key Metrics [Yahoo! Finance]Yahoo! Finance
- Biden takes action against China's unfair practices to protect US steel and shipbuilding industries [FOX Business Network]FOX Business Network
- Here's Why Cleveland-Cliffs (CLF) Fell More Than Broader Market [Yahoo! Finance]Yahoo! Finance
CLF
Earnings
- 1/29/24 - Beat
CLF
Sec Filings
- 4/5/24 - Form 8-K
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- CLF's page on the SEC website