5.58 -0.02 (-0.36%)
After hours: 5:48PM EDT
|Bid||5.60 x 4000|
|Ask||5.65 x 2900|
|Day's range||5.42 - 5.66|
|52-week range||2.63 - 11.61|
|Beta (5Y monthly)||1.92|
|PE ratio (TTM)||6.07|
|Earnings date||17 Jul 2020 - 21 Jul 2020|
|Forward dividend & yield||0.24 (4.51%)|
|Ex-dividend date||02 Apr 2020|
|1y target est||5.06|
Cleveland-Cliffs announced that its AK Steel subsidiary is increasing current spot market base prices for all carbon flat-rolled steel.
While the overall stock market has bounced back surprisingly strongly from the outbreak of COVID-19 around the world, many stocks in hard-hit sectors remain far, far below their prior highs. Actually, many such stocks are down by 50% or more, whereas many technology companies that benefit from the stay-at-home economy have nearly fully recovered, or have even gone higher, shockingly, than before the outbreak hit. While none of the following three stocks are appropriate for the risk-off investor, each is very well-managed, and each has also recently gotten a boost of confidence from the capital markets, raising debt and equity to bridge them through 2020 at least.
Cleveland-Cliffs (CLF) delivered earnings and revenue surprises of 122.22% and -2.37%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Cleveland-Cliffs Inc. (NYSE: CLF) today praised the U.S. Department of Commerce’s self-initiation of an urgent Section 232 investigation covering laminations for stacked transformer cores, stacked and wound transformer cores, electrical transformers, and transformer regulators. The outcome of this investigation will be critical to addressing circumvention of existing national security tariffs covering Grain Oriented Electrical Steel (GOES) using laminations and cores cut in Mexico and in Canada as means for tariff evasion. Cleveland-Cliffs’ wholly-owned subsidiary AK Steel is the last remaining producer of GOES in North America. This blatant circumvention activity has degraded the domestic electrical steel market and now threatens the viability of Cleveland-Cliffs continuing to produce GOES, a critical element to the security of America’s electric grid.
CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today it will be reporting first-quarter 2020 financial results before the U.S.-market open on Monday, May 11, 2020.
Impacts of lower iron ore prices due to weak demand amid coronavirus-induced lockdowns are expected to get reflected in Cleveland-Cliffs' (CLF) Q1 performance.
Cleveland-Cliffs Inc. (NYSE: CLF) ("Cliffs") today announced that it has offered and priced an additional $555.2 million aggregate principal amount of Senior Secured Notes due 2025 (the "Additional Notes") at a price of 99% of their principal amount in an offering (the "Additional Notes Offering") that is exempt from the registration requirements of the Securities Act of 1933 (the "Securities Act"). The Additional Notes will be an issuance of Cliffs’ existing 9.875% Senior Secured Notes due 2025 and will be issued as additional notes under the indenture dated as of April 17, 2020 (as supplemented, the "Indenture") pursuant to which Cliffs previously issued $400 million aggregate principal amount of 9.875% Senior Secured Notes due 2025 (the "Initial Notes"). The Additional Notes will be of the same class and series as, and otherwise identical to, the Initial Notes other than with respect to the date of issuance and issue price.
Cleveland-Cliffs (CLF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Cleveland-Cliffs Inc. (NYSE: CLF) ("Cliffs") announced today that it has priced $400 million aggregate principal amount of Senior Secured Notes due 2025 (the "Notes") in an offering (the "Notes Offering") that is exempt from the registration requirements of the Securities Act of 1933 (the "Securities Act"). The Notes will bear interest at an annual rate of 9.875% and will be issued at a price of 94.500% of their principal amount.
Cleveland-Cliffs Inc. (NYSE: CLF) ("Cliffs") today announced that it intends to offer to sell, subject to market and other conditions, $400 million aggregate principal amount of Senior Secured Notes due 2025 (the "Notes") in an offering (the "Notes Offering") that is exempt from the registration requirements of the Securities Act of 1933 (the "Securities Act").
Cleveland-Cliffs (CLF) stated that it will work down current inventory levels from Northshore and Tilden mines, and continue to ship iron ore to meet its commercial deals with steel customers.
Cleveland-Cliffs announced that it will be temporarily idling production at two of its iron ore mining operations.
Cleveland-Cliffs (CLF) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Cleveland-Cliffs (NYSE: CLF) will hold its 2020 Annual Shareholder Meeting in a virtual meeting format via live audio webcast on April 22, 2020
Cleveland-Cliffs (CLF) will continue to analyze the coronavirus situation and restart construction activities at its HBI project site as soon as possible.
Cleveland-Cliffs commends Governor Dewine and his administration for their strong leadership and decisive action in response to COVID-19.