Cleveland-Cliffs Stock: Stay Away To Avoid 25% Value Erosion [Forbes]
Cleveland-Cliffs Inc. (CLF)
Last cleveland-cliffs inc. earnings: 2/20 07:00 am
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clevelandcliffs.com/investors/overview/default.aspx
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Source: Forbes
UKRNE - 2019/02/13: In this photo illustration, the Cleveland-Cliffs Inc. Mining company logo... [+]seen displayed on a smartphone. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images)After rising more than 160% from its March lows of this year, at the current price of over $8 per share, we believeCleveland-Cliffs stockWhat Factors Drove 22% Change In Cleveland-Cliffs Stock Between 2017 And Now?Some of the stock price rise between 2017 and 2019 is justified by the 6.6% increase seen in Cleveland-CliffsCLFThough earnings dropped, CLF’s P/E multiple increased from 5x in 2017 to 8x in 2019 mainly due to higher revenues, the company’s expansion plans, and rising iron ore prices. The multiple dropped in early 2020 to 4x following the outbreak of coronavirus. It has since then recovered and currently stands at its 2019 level of close to 8x, as iron ore prices have rebounded post the stimulus announcements. We believe that though the company’s P/E multiple could re
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CLF
News
- Cleveland-Cliffs (CLF) Q1 Earnings and Revenues Miss Estimates [Yahoo! Finance]Yahoo! Finance
- Energy secretary visits to reassure Butler Cleveland-Cliffs employees their jobs are safe [CBS News]CBS News
- Cleveland-Cliffs Reports First-Quarter 2024 Results and Announces New $1.5 Billion Share Repurchase Program [Yahoo! Finance]Yahoo! Finance
- Cleveland-Cliffs Reports First-Quarter 2024 Results and Announces New $1.5 Billion Share Repurchase ProgramBusiness Wire
- Will Cleveland-Cliffs Stock Move Higher Following Q1 Results? [Forbes]Forbes
CLF
Earnings
- 4/22/24 - Miss
CLF
Sec Filings
- 4/22/24 - Form 8-K
- 4/5/24 - Form 8-K
- 4/3/24 - Form 4
- CLF's page on the SEC website