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Rumor- Union Railroads will be going on strike. Idk of the mines yet but they are doing anything and everything they can to destroy the economy.
Hopefully the Steel Workers Union stays out of it but they do as their told and that's why Unions need to be broke.
Maybe this will be a good time to break the Union once and for all if they hold companies hostage to political bull shit.
Notable Thursday Option Activity: X, CLF, DVA
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BNK Invest BNK Invest
PUBLISHED
JUN 9, 2022 4:07PM EDT
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Cleveland-Cliffs Inc (Symbol: CLF) saw options trading volume of 73,762 contracts, representing approximately 7.4 million underlying shares or approximately 43.6% of CLF's average daily trading volume over the past month, of 16.9 million shares. Particularly high volume was seen for the $23 strike call option expiring July 15, 2022, with 3,324 contracts trading so far today, representing approximately 332,400 underlying shares of CLF. Below is a chart showing CLF's trailing twelve month trading history, with the $23 strike highlighted in orange:
https://www.nasdaq.com/articles/notable-thursday-option-activity%3A-x-clf-dva
$6.14 Billion in Sales Expected for Cleveland-Cliffs Inc. (NYSE:CLF) This Quarter
Posted by admin on Jun 9th, 2022
Cleveland-Cliffs logoEquities analysts forecast that Cleveland-Cliffs Inc. (NYSE:CLF – Get Rating) will post $6.14 billion in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Cleveland-Cliffs’ earnings, with estimates ranging from $5.88 billion to $6.29 billion. Cleveland-Cliffs posted sales of $5.05 billion in the same quarter last year, which would indicate a positive year over year growth rate of 21.6%. The business is scheduled to issue its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that Cleveland-Cliffs will report full-year sales of $24.24 billion for the current year, with estimates ranging from $23.32 billion to $25.75 billion. For the next year, analysts forecast that the company will report sales of $20.88 billion, with estimates ranging from $18.71 billion to $23.35 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Cleveland-Cliffs.
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Cleveland-Cliffs (NYSE:CLF – Get Rating) last issued its quarterly earnings results on Friday, April 22nd. The mining company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.44 by $0.27. The company had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $5.43 billion. Cleveland-Cliffs had a net margin of 16.77% and a return on equity of 78.74%. The firm’s revenue was up 47.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.35 EPS.
A number of equities analysts have commented on CLF shares. Zacks Investment Research downgraded shares of Cleveland-Cliffs from a “strong-buy” rating to a “hold” rating and set a $24.00 target price on the stock. in a research note on Tuesday, May 24th. B. Riley upped their target price on shares of Cleveland-Cliffs from $46.00 to $47.00 and gave the stock a “buy” rating in a research note on Monday, April 25th. The Goldman Sachs Group dropped their target price on shares of Cleveland-Cliffs from $36.00 to $27.00 and set a “buy” rating on the stock in a research note on Tuesday, May 31st. StockNews.com started coverage on shares of Cleveland-Cliffs in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, JPMorgan Chase & Co. upped their target price on shares of Cleveland-Cliffs from $37.00 to $44.00 and gave the stock an “overweight” rating in a research note on Thursday, March 24th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $31.09.
Shares of NYSE:CLF opened at $22.50 on Thursday. The company has a market capitalization of $11.81 billion, a price-to-earnings ratio of 3.28 and a beta of 2.17. Cleveland-Cliffs has a 12 month low of $15.81 and a 12 month high of $34.04. The firm’s 50-day moving average is $26.26 and its 200 day moving average is $23.52. The company has a current ratio of 2.28, a quick ratio of 0.80 and a debt-to-equity ratio of 0.76.
In other news, CFO Celso L. Goncalves, Jr. bought 4,000 shares of the firm’s stock in a transaction that occurred on Friday, April 29th. The stock was bought at an average price of $26.32 per share, with a total value of $105,280.00. Following the completion of the transaction, the chief financial officer now directly owns 143,285 shares of the company’s stock, valued at approximately $3,771,261.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Keith Koci bought 4,500 shares of the firm’s stock in a transaction that occurred on Tuesday, April 26th. The shares were purchased at an average cost of $27.14 per share, with a total value of $122,130.00. Following the transaction, the executive vice president now directly owns 290,135 shares of the company’s stock, valued at $7,874,263.90. The disclosure for this purchase can be found here. Insiders bought a total of 13,100 shares of company stock valued at $330,358 in the last ninety days. Corporate insiders own 1.43% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. Point72 Asset Management L.P. increased its stake in Cleveland-Cliffs by 194.8% during the 3rd quarter. Point72 Asset Management L.P. now owns 191,932 shares of the mining company’s stock valued at $3,802,000 after purchasing an additional 126,832 shares in the last quarter. Moors & Cabot Inc. increased its stake in Cleveland-Cliffs by 33.9% during the 3rd quarter. Moors & Cabot Inc. now owns 75,833 shares of the mining company’s stock valued at $1,509,000 after purchasing an additional 19,209 shares in the last quarter. MYDA Advisors LLC acquired a new position in Cleveland-Cliffs during the 4th quarter valued at approximately $871,000. CIBC Asset Management Inc increased its stake in shares of Cleveland-Cliffs by 4.9% in the fourth quarter. CIBC Asset Management Inc now owns 20,917 shares of the mining company’s stock worth $455,000 after acquiring an additional 973 shares during the period. Finally, Yousif Capital Management LLC acquired a new stake in shares of Cleveland-Cliffs in the fourth quarter worth $5,385,000. 56.68% of the stock is owned by institutional investors.
Cleveland-Cliffs Inc. (NYSE:CLF) Expected to Post Quarterly Sales of $6.14 Billion
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LAST UPDATED ON THURSDAY, JUNE 9, 2022 | 2022 MARKETBEAT
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Cleveland-Cliffs logoEquities research analysts expect Cleveland-Cliffs Inc. (NYSE:CLF - Get Rating) to report $6.14 billion in sales for the current quarter, Zacks reports. Four analysts have issued estimates for Cleveland-Cliffs' earnings, with the lowest sales estimate coming in at $5.88 billion and the highest estimate coming in at $6.29 billion. Cleveland-Cliffs reported sales of $5.05 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 21.6%. The company is scheduled to report its next quarterly earnings results on Monday, January 1st.
Is Cleveland-Cliffs Stock a Safe Bet After Earnings?
On average, analysts expect that Cleveland-Cliffs will report full-year sales of $24.24 billion for the current fiscal year, with estimates ranging from $23.32 billion to $25.75 billion. For the next fiscal year, analysts expect that the company will post sales of $20.88 billion, with estimates ranging from $18.71 billion to $23.35 billion. Zacks' sales calculations are an average based on a survey of sell-side research analysts that cover Cleveland-Cliffs.
Cleveland-Cliffs (NYSE:CLF - Get Rating) last released its quarterly earnings data on Friday, April 22nd. The mining company reported $1.71 EPS for the quarter, beating analysts' consensus estimates of $1.44 by $0.27. Cleveland-Cliffs had a net margin of 16.77% and a return on equity of 78.74%. The company had revenue of $5.96 billion during the quarter, compared to analyst estimates of $5.43 billion. During the same period last year, the business earned $0.35 earnings per share. Cleveland-Cliffs's revenue was up 47.1% compared to the same quarter last year.
Cleveland-Cliffs Inc. (NYSE:CLF) Director Douglas C. Taylor Sells 28,150 Shares
https://www.marketbeat.com/instant-alerts/nyse-clf-insider-buying-and-selling-2022-06/
Cleveland-Cliffs Inc. (NYSE:CLF) Expected to Announce Earnings of $1.48 Per Share
Posted on Tuesday, June 7th, 2022 by MarketBeat
Equities research analysts predict that Cleveland-Cliffs Inc. (NYSE:CLF - Get Rating) will announce $1.48 earnings per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Cleveland-Cliffs' earnings, with estimates ranging from $1.39 to $1.63. Cleveland-Cliffs posted earnings of $1.46 per share in the same quarter last year, which indicates a positive year over year growth rate of 1.4%. The business is scheduled to issue its next quarterly earnings report on Monday, January 1st.
https://www.marketbeat.com/instant-alerts/nyse-clf-consensus-analyst-rating-2022-06/
Idk, CEO bribed the workforce to get clot-shot.
There will be consequences with that idiotic move now that the truth is prevailing.
CLF shareholders paid the bonus and I fear the company will pay the price from that mistake.
Give it a little time, this will go back up, actually it isn't doing too bad right now.
Sachs keeps shorting.
Billion dollar company.
Cleveland-Cliffs falls as price target lowered to $27 at Goldman Sachs
May 31, 2022 1:35 PM ETCLFBy: Pranav Ghumatkar, SA News Editor8 Comments
Goldman Sachs analyst Emily Chieng lowered the firm's price target on Cleveland-Cliffs (CLF -4.9%) to $27 from $36 and keeps a Buy rating on the shares.
Despite the steel equities already falling 20%-30% from recent peaks, the analyst sees potential for the stock to reflect near-term demand headwinds as seen during the last two cycles.
Since the start of 2022, Cleveland-Cliffs shares were up around 7%, and over a period of one year, shares were up around 14%.
Steelmakers surge as India competitors slapped with surprise export tariffs https://seekingalpha.com/news/3843207-steelmakers-surge-as-india-competitors-slapped-with-surprise-export-tariffs?source=Messages
Cleveland-Cliffs: This Is Absolutely Ridiculous
May 25, 2022 11:25 AM ETCleveland-Cliffs Inc. (CLF)
Summary
This is a stock that should be doing well during inflation, as steel costs remain elevated.
The macro situation is worsening, and the market is confused on how to value the name.
While the market remains confused, we are about to see a record year for cash flow.
We can't help but buy this at prescribed trading levels.
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What we like to do as a company is to find stocks that are beaten down unfairly and profit from an inevitable bounce back. Sometimes you have to take a stop loss, much like folding a hand in poker. You give up a small pot by folding the hand to protect against bigger losses, so that you can have the ammunition needed to win a big pot, or in the case of investing, profit from higher share prices. You can in many cases park money long-term and make money. At least in profitable companies. Cleveland-Cliffs (NYSE:CLF) makes money. In our opinion, while it's a cyclical type of investment, steel is still a good place to be. Economic activity remains strong. While there are fears of a hard landing and a recession, given the outlook for the company, this action is absolutely ridiculous. We cannot help but scale into the stock here. It should be guarded somewhat from inflation. Steel prices remain elevated. The stock is trading at silly valuations. We get it, the market is trying to price the stock for future pain, but, right now, we think you can profit on a trade on a rebound in the name. Let us discuss.
This article was written by
Quad 7 Capital
Cleveland-Cliffs Ranked 171 on Fortune 500 list for 2022
Source: Business Wire
Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it was named to the Fortune 500 list for the first time since its transformation from a mining company to become the largest flat-rolled steel company and the largest supplier of steel to the automotive industry in North America. Cleveland-Cliffs’ 2021 revenue of $20.4 billion earned Cleveland-Cliffs the ranking of 171 on the list for 2022, surpassing its previous highest ranking ever of 366 in 2012. The Fortune 500 list ranks companies that are incorporated and operate in the U.S. by total revenues for their respective fiscal years.
Lourenco Goncalves, Cleveland-Cliffs’ Chairman, President, and CEO said, “Our inclusion on this year’s Fortune list of companies -- particularly our position well within the 200 largest ones -- is another demonstration of our remarkable transformation. Despite all the challenges imposed by the COVID-19 pandemic and the long lasting consequences to supply chains still affecting our clients as of today, we grew tenfold in just two years, from $2 billion in revenues in 2019 to over $20 billion in revenues in 2021.” Mr. Goncalves added: “We have an incredible workforce of 26,000 employees, with almost 20,000 of them represented by Unions. We thank each one of our employees and the support from our Union partners for making our vision a reality in a such short period of time.”
This year’s Fortune 500 marks the 68th running of the list. According to Fortune, together the 500 corporations on this year’s list generated a record $16.1 trillion in revenue and $1.8 trillion in profits. To view Cleveland-Cliffs’ company profile on Fortune 500, please visit the website at https://fortune.com/company/cleveland-cliffs/.
FORTUNE 500 Methodology:
Companies are ranked by total revenues for their respective fiscal years. Included in the survey are companies that are incorporated in the U.S. and operate in the U.S. and file financial statements with a government agency. This includes private companies and cooperatives that file a 10-K or a comparable financial statement with a government agency, and mutual insurance companies that file with state regulators. It also includes companies that file with a government agency but are owned by private companies, domestic or foreign, that do not file such financial statements. Excluded are private companies not filing with a government agency; companies incorporated outside the U.S.; and U.S. companies consolidated by other companies, domestic or foreign, that file with a government agency. Also excluded are companies that failed to report full financial statements for at least three-quarters of the current fiscal year. Percent change calculations for revenue, net income, and earnings per share are based on data as originally reported. They are not restated for mergers, acquisitions, or accounting changes. The only changes to the prior years’ data are for significant restatement due to reporting errors that require a company to file an amended 10-K.
About Cleveland-Cliffs Inc.
Cleveland-Cliffs is the largest flat-rolled steel producer in North America. Founded in 1847 as a mine operator, Cleveland-Cliffs also is the largest manufacturer of iron ore pellets in North America. The Company is vertically integrated from mined raw materials, direct reduced iron, and ferrous scrap to primary steelmaking and downstream finishing, stamping, tooling, and tubing. We are the largest supplier of steel to the automotive industry in North America and serve a diverse range of other markets due to our comprehensive offering of flat-rolled steel products. Headquartered in Cleveland, Ohio, Cleveland-Cliffs employs approximately 26,000 people across its operations in the United States and Canada.
View source version on businesswire.
Zacks: Analysts Expect Cleveland-Cliffs Inc. (NYSE:CLF) to Post $1.54 Earnings Per Share
Posted by admin on May 20th, 2022
?Equities research analysts expect that Cleveland-Cliffs Inc. (NYSE:CLF – Get Rating) will post earnings per share of $1.54 for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Cleveland-Cliffs’ earnings, with estimates ranging from $1.39 to $1.68. Cleveland-Cliffs posted earnings of $1.46 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.5%. The company is expected to report its next quarterly earnings results on Monday, January 1st.
According to Zacks, analysts expect that Cleveland-Cliffs will report full-year earnings of $5.89 per share for the current year, with EPS estimates ranging from $5.40 to $6.67. For the next financial year, analysts anticipate that the company will report earnings of $4.95 per share, with EPS estimates ranging from $3.82 to $6.17. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Cleveland-Cliffs.
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Cleveland-Cliffs (NYSE:CLF – Get Rating) last issued its quarterly earnings data on Friday, April 22nd. The mining company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.27. The business had revenue of $5.96 billion for the quarter, compared to analyst estimates of $5.43 billion. Cleveland-Cliffs had a return on equity of 78.74% and a net margin of 16.77%. The firm’s revenue for the quarter was up 47.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.35 EPS.
A number of analysts have issued reports on CLF shares. Credit Suisse Group raised their target price on Cleveland-Cliffs from $34.00 to $37.00 in a report on Tuesday, April 19th. TheStreet downgraded Cleveland-Cliffs from a “b-” rating to a “c+” rating in a research report on Tuesday, March 1st. JPMorgan Chase & Co. raised their price objective on Cleveland-Cliffs from $37.00 to $44.00 and gave the stock an “overweight” rating in a research report on Thursday, March 24th. StockNews.com assumed coverage on Cleveland-Cliffs in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, The Goldman Sachs Group raised their price objective on Cleveland-Cliffs from $27.00 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday, March 22nd. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Cleveland-Cliffs presently has a consensus rating of “Buy” and an average price target of $31.65.
In other news, EVP Keith Koci bought 4,500 shares of the stock in a transaction dated Tuesday, April 26th. The stock was bought at an average cost of $27.14 per share, with a total value of $122,130.00. Following the purchase, the executive vice president now owns 290,135 shares of the company’s stock, valued at $7,874,263.90. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Celso L. Goncalves, Jr. bought 4,000 shares of the stock in a transaction dated Friday, April 29th. The stock was purchased at an average cost of $26.32 per share, with a total value of $105,280.00. Following the completion of the purchase, the chief financial officer now directly owns 143,285 shares in the company, valued at approximately $3,771,261.20. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 13,100 shares of company stock valued at $330,358. Corporate insiders own 1.43% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Joseph P. Lucia & Associates LLC acquired a new stake in shares of Cleveland-Cliffs during the first quarter worth $26,000. Allworth Financial LP grew its stake in shares of Cleveland-Cliffs by 199.7% during the first quarter. Allworth Financial LP now owns 917 shares of the mining company’s stock worth $30,000 after purchasing an additional 611 shares during the period. First Eagle Investment Management LLC acquired a new position in Cleveland-Cliffs in the first quarter valued at about $30,000. Montag A & Associates Inc. acquired a new position in Cleveland-Cliffs in the first quarter valued at about $32,000. Finally, Lazard Asset Management LLC grew its stake in Cleveland-Cliffs by 218.1% in the first quarter. Lazard Asset Management LLC now owns 1,088 shares of the mining company’s stock valued at $35,000 after acquiring an additional 746 shares during the period. 56.68% of the stock is owned by institutional investors and hedge funds.
CLF opened at $21.59 on Tuesday. The firm has a market capitalization of $11.33 billion, a P/E ratio of 3.15 and a beta of 2.16. The stock’s 50 day moving average price is $27.91 and its two-hundred day moving average price is $23.42. The company has a quick ratio of 0.80, a current ratio of 2.28 and a debt-to-equity ratio of 0.76. Cleveland-Cliffs has a 12-month low of $15.81 and a 12-month high of $34.04.
About Cleveland-Cliffs (Get Rating)
Cleveland-Cliffs is the largest flat-rolled steel company and the largest iron ore pellet producer in North America. The company is vertically integrated from mining through iron making, steelmaking, rolling, finishing and downstream with hot and cold stamping of steel parts and components. The company was formerly known as Cliffs Natural Resources Inc and changed its name to Cleveland-Cliffs Inc in August 2017.
Is Trending Stock ClevelandCliffs Inc. (CLF) a Buy Now?
Zacks Equity Research
Fri, May 20, 2022, 9:00 AM·5 min read
In this article:
CLF
+0.78%
Cleveland-Cliffs (CLF) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Over the past month, shares of this mining company have returned -27%, compared to the Zacks S&P 500 composite's -12.5% change. During this period, the Zacks Mining - Miscellaneous industry, which Cleveland-Cliffs falls in, has lost 17%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
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Revisions to Earnings Estimates
Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
Cleveland-Cliffs is expected to post earnings of $1.54 per share for the current quarter, representing a year-over-year change of +5.5%. Over the last 30 days, the Zacks Consensus Estimate has changed +4.8%.
For the current fiscal year, the consensus earnings estimate of $5.89 points to a change of +0.3% from the prior year. Over the last 30 days, this estimate has changed +13.4%.
For the next fiscal year, the consensus earnings estimate of $4.95 indicates a change of -15.9% from what Cleveland-Cliffs is expected to report a year ago. Over the past month, the estimate has changed +153.7%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #1 (Strong Buy) for Cleveland-Cliffs.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
?
12-month consensus EPS estimate for CLF _12MonthEPSChartUrl
Revenue Growth Forecast
Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
In the case of Cleveland-Cliffs, the consensus sales estimate of $5.88 billion for the current quarter points to a year-over-year change of +16.5%. The $23.49 billion and $20.88 billion estimates for the current and next fiscal years indicate changes of +14.9% and -11.1%,
Investor's Business Daily
Cleveland-Cliffs Stock Shows Improving Market Leadership; Earns 89 RS Rating
INVESTOR'S BUSINESS DAILY and JULIE MAK
01:18 PM ET 05/16/2022
When looking for the best stocks to buy and watch, focus on those with rising relative price strength.
One stock that fits that bill is Cleveland-Cliffs (CLF) stock, which had its Relative Strength (RS) Rating upgraded from 76 to 89 Monday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks matches up against the rest of the market.
Over 100 years of market history shows that the best stocks typically have an 80 or better RS Rating in the early stages of their moves.
See How IBD Helps You Make More Money In Stocks
Is Cleveland-Cliffs Stock A Buy?
Cleveland-Cliffs stock has pulled back along with the stock market correction. The steel producer is currently trading below its 50- and 200-day moving average and not offering a proper buying opportunity. See if the stock goes on to build a base that could launch a new move. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The steel producer firm showed 389% earnings growth in the latest quarterly report. Revenue rose 47%.
Cleveland-Cliffs stock earns the No. 7 rank among its peers in the Steel-Producers industry group. Steel Dynamics (STLD) and Huadi International Grp (HUDI) are also among the group's highest-rated stocks.
Strong Steel Demand Makes Cleveland-Cliffs Attractive https://seekingalpha.com/article/4511200-strong-steel-demand-makes-cleveland-cliffs-attractive?source=Messages
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940OMB APPROVALOMB Number:3235-0287Estimated average burden hours per response...0.5
(Print or Type Responses)1. Name and Address of Reporting Person *Koci Keith 2. Issuer Name and Ticker or Trading Symbol
CLEVELAND-CLIFFS INC. [CLF]5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)_____ Director_____ 10% Owner__X__ Officer (give title below)_____ Other (specify below)EVP & President, CC Services(Last)(First)(Middle)200 PUBLIC SQUARE, SUITE 33003. Date of Earliest Transaction (Month/Day/Year)
05/11/2022(Street)
CLEVELAND, OH 441144. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person(City)(State)(Zip)Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned1.Title of Security
(Instr. 3)2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code
(Instr. 8)4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)7. Nature of Indirect Beneficial Ownership
(Instr. 4)CodeVAmount(A) or (D)PriceCommon Shares05/11/2022 P 4,600A$ 22.3782294,735D
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.SEC 1474 (9-02)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)1. Title of Derivative Security
(Instr. 3)2. Conversion or Exercise Price of Derivative Security3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code
(Instr. 8)5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)6. Date Exercisable and Expiration Date
(Month/Day/Year)7. Title and Amount of Underlying Securities
(Instr. 3 and 4)8. Price of Derivative Security
(Instr. 5)9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)11. Nature of Indirect Beneficial Ownership
(Instr. 4)CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Reporting Owners
Reporting Owner Name / AddressRelationships Director 10% Owner Officer OtherKoci Keith
200 PUBLIC SQUARE
SUITE 3300
CLEVELAND, OH 44114 EVP & President, CC Services
Signatures
/s/ James D. Graham by Power of Attorney 05/12/2022**Signature of Reporting PersonDate
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*If the form is filed by more than one reporting person, see Instruction 4(b)(v).**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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The march downward continues....
Heading for a recession....
CLF EVP bought $100K of stock on the open market yesterday:
https://www.sec.gov/Archives/edgar/data/0000764065/000076406522000113/xslF345X03/wf-form4_165235776576366.xml
Keith Koci now owns 295K shares (>$6M worth at the market price).
Other CLF insiders have recently been buying—e.g. #msg-168699751.
Cleveland-Cliffs Looks Compelling And Oversold, Time To Average Down
May 12, 2022 4:52 AM ETCleveland-Cliffs Inc. (CLF)
Oakoff Investments
Summary
In this article, I reassess my previous buy thesis on Cleveland-Cliffs.
CLF's comparatively higher market multiples are more than justified by higher margins and operational growth.
The U.S. desire for deglobalization and protectionism will play into the hands of the industrial sector in the long run.
Cleveland-Cliffs is one of the few in the industry that can provide itself with pig iron - this is its strong comparative advantage.
My price target is $29-33 per share, implying an upside potential of 32-50% from the current price.
Instead of an investment thesis
I initiated coverage of Cleveland-Cliffs Inc. (NYSE:CLF) stock back in June 2021 when 1 share was worth $20.49. That is, I missed a period of rapid growth following the COVID recovery:
This article was written by
Oakoff Investments
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Quantitative equity research analyst. Colliding data science and finance to find a stock's mispricing.Constantly looking for a reasonable balance between growth and value.>4 years of experience in personal portfolio management with an average annualized return of ~29%.Disclaimer: Associated with Danil Sereda, another Seeking Alpha
Disclosure: I/we have a beneficial long position in the shares of CLF either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Cleveland-Cliffs: It Is All About Free Cash Flow
May 11, 2022 11:20 AM ETCleveland-Cliffs Inc. (CLF)9 Comments3 Likes
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Summary
Shares remain in a downturn despite easily beating top and bottom-line estimates in Q1.
Free cash flow expected to increase once more in 2022 and hit another record.
Sales growth and the very generous free cash flow yield point to minimal downside risk here.
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Intro
If we look at a weekly chart of Cleveland-Cliffs Inc. (NYSE:CLF), we can see that shares are continuing their descent despite the excellent Q1 numbers which were announced roughly three weeks ago. The company reported Non-GAAP earnings of $1.71 per share and sales of $6 billion in the quarter, both numbers convincingly beat consensus estimates. Furthermore, the decision to increase the average expected selling price by management was due to bullish trends in fixed price renewals, higher spreads, as well as a more lucrative futures curve which point to better pricing.
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https://seekingalpha.com/article/4510069-cleveland-cliffs-all-about-free-cash-flow
What happened shorter? First trade $22.45.
Cleveland-Cliffs is Set to Deliver Strongly
https://www.tipranks.com/news/article/cleveland-cliffs-is-set-to-deliver-strongly?utm_source=advfn.com&utm_medium=referral
Cleveland-Cliffs is Set to Deliver Strongly
Source: TipRanks
Although Cleveland-Cliffs (CLF) is down more than 25% from its all-time high, the stock represents a great investment opportunity as its growth potential is likely to result in a significant price gain. It is important not to panic about the temporary bear market and instead remain calm and reasonable. I am bullish on the stock. About Cleveland-Cliffs Cleveland-Cliffs is the largest producer of flat-rolled steel and iron ore pellets in North America. The company also produces the raw materials it needs. It is engaged in mining, applying specific ferrous metallurgy techniques, in addition to recycling scrap and metallurgical waste.
https://www.tipranks.com/news/article/cleveland-cliffs-is-set-to-deliver-strongly?utm_source=advfn.com&utm_medium=referral
Shorts are back we're going up.
Bribing Workers to get the clot-shot will have.ramifications. I called and warned the company that Lorenco was playing Russian roulette bribing the workforce but he kept making the announcements even after being told to stop. I begged the legal dept. to inform him to stop but he didn't. Instead he bragged about it and was keeping count.
The minute Lorenco became a Doctor, playing God over running a Steel Firm was enough for me to see that the Brazilian was playing with fire.
It's a damn shame that the company is responsible for the CEO's uneducated bull shit medical decision making through bribery. 3k for each victim. SMH
Is ClevelandCliffs (CLF) Outperforming Other Basic Materials Stocks This Year?
CONTRIBUTOR
Zacks Equity Research Zacks
PUBLISHED
MAY 9, 2022 9:40AM EDT
https://www.nasdaq.com/articles/is-clevelandcliffs-clf-outperforming-other-basic-materials-stocks-this-year
This is exactly what it will do.
What a bargain so cheap CLF will be the best investment in the long run the shorts will give up and go long before years end .Looking for your thought from all the LONGS. Just think this war is is not going to end it will drag on to election time and past.
Cleveland-Cliffs total assets from 2010 to 2022. Total assets can be defined as the sum of all assets on a company's balance sheet.
Cleveland-Cliffs total assets for the quarter ending March 31, 2022 were $19.768B, a 14.83% increase year-over-year.
Cleveland-Cliffs total assets for 2021 were $18.975B, a 13.14% increase from 2020.
Cleveland-Cliffs total assets for 2020 were $16.771B, a 378.62% increase from 2019.
Cleveland-Cliffs total assets for 2019 were $3.504B, a 0.73% decline from 2018.
https://www.macrotrends.net/stocks/charts/CLF/cleveland-cliffs/total-assets
That's because this company is pure crap! Dilution, dilution, dilution. This company and this stock isn't going anywhere!!!
DILUTION - $5.4BILLION IN DEBT - AND PRINTING SHARES LIKE TOILET PAPER.
THIS STOCK IS LIQUID HORSE SHIT!!!
Cleveland-Cliffs Inc. Celebrates 175 Years Milestone
Source: Business Wire
The Company to Ring the NYSE Stock Market Closing Bell Today
Cleveland-Cliffs Inc. (NYSE: CLF) will ring The Closing Bell at the New York Stock Exchange today, May 3, 2022. Lourenco Goncalves, Cleveland-Cliffs' Chairman, President and Chief Executive Officer, members of the company’s board of directors and executive management team will participate in the event to celebrate the company’s 175th year anniversary.
Lourenco Goncalves said, “For nearly two centuries, Cleveland-Cliffs has been instrumental in building modern society in the United States through the domestic steel industry. Companies with this type of longevity are incredibly rare. Cleveland-Cliffs has achieved this through its resilience, innovation and constant reinvention which has kept the company relevant and adaptive to an ever-changing world for generations.”
Mr. Goncalves continued, “Today, we are commemorating and celebrating the achievements, ingenuity and hard work of our past and present employees. From our humble beginnings as an iron ore mining company to a new era for Cleveland-Cliffs as a major vertically integrated steel company, I am proud to lead the only producer of steel in North America that has full control of its ferrous supply chain as well as the largest supplier of specialized steel to the automotive companies in North America. This sets us apart competitively from other domestic steel companies. Built on this strong foundation, Cleveland-Cliffs is well-positioned to supply innovative steels for electric vehicles, renewable energy and the rebuilding of American manufacturing for many more decades ahead.”
Headquartered in Cleveland, Ohio and operating in the Great Lakes region since 1847, Cliffs went public on the New York Stock Exchange in 1960. The New York Stock Exchange will stream The Closing Bell ringing on its website: https://www.nyse.com/bell. The bell ringing is scheduled for 3:56 - 4:00 p.m. ET. A video of the bell-ringing will also be archived on that same page after the livestream.
About Cleveland-Cliffs Inc.
Cleveland-Cliffs is the largest flat-rolled steel producer in North America. Founded in 1847 as a mine operator, Cleveland-Cliffs also is the largest manufacturer of iron ore pellets in North America. The Company is vertically integrated from mined raw materials, direct reduced iron, and ferrous scrap to primary steelmaking and downstream finishing, stamping, tooling, and tubing. We are the largest supplier of steel to the automotive industry in North America and serve a diverse range of other markets due to our comprehensive offering of flat-rolled steel products. Headquartered in Cleveland, Ohio, Cleveland-Cliffs employs approximately 26,000 people across its operations in the United States and Canada.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20220503005482/en/
MEDIA CONTACT:
Patricia Persico
Senior Director, Corporate Communications
(216) 694-5316
INVESTOR CONTACT:
James Kerr
Manager, Investor Relations
(216) 694-7719
Cleveland-Cliffs Inc. Issues Its Comprehensive Sustainability Report for 2021
Source: Business Wire
Cleveland-Cliffs Inc. (NYSE: CLF) announced today the release of its Sustainability Report 2021. Earlier this year, the Company reported through its annual financial filings that it achieved all-time annual records in revenues, net income, Adjusted EBITDA and free cash flow, and is pleased to report its continued progress on environmental, social and governance (ESG) performance.
Lourenco Goncalves, Cleveland-Cliffs’ Chairman, President and Chief Executive Officer said, “Cleveland-Cliffs has built a strong legacy of sustainable business practices. As we transformed into the largest flat-rolled steel company in North America, this has been the foundation for integrating our standards across our newly acquired operations. In the midst of dynamic market changes, our commitment to earning and protecting our social license to operate remains constant and is a critical component of our long-term business strategy. I am proud of the numerous sustainability initiatives we have in place throughout the business. This underscores our deep commitment to supporting the local communities where we operate. As Cleveland-Cliffs’ journey continues, we look forward to further developing sustainability strategies that are operationally relevant and add even greater support to our sites and stakeholders through open communication and strong partnerships.”
This report was developed with reference to the Global Reporting Initiative (GRI) Standards and the Sustainability Accounting Standards Board (SASB) Standards, and references important tenets of the Task Force on Climate-related Financial Disclosures (TCFD). This report also highlights how the Company’s business activities contribute to achieving progress on several of the United Nations Sustainable Development Goals (SDGs). Rooted in its Core Values, Cleveland-Cliffs is proud to uphold its Commitment to the Environment, Empowering People, Connecting with Communities and Acting with Integrity.
The following sustainability accomplishments and commitments are highlighted in the 2021 report:
Increased consumption of scrap and success of using hot briquetted iron (HBI) in its furnaces to reduce coke rate, enhance productivity and quality, stretch hot metal production, which led to an overall reduction in carbon intensity per ton in 2021;
Importance of its Ferrous Processing and Trading Company (FPT) acquisition in securing substantial prime scrap to create a closed-loop steel recycling program;
Partnership with the U.S. Department of Energy for emissions reduction and energy efficiency initiatives;
Need for Cleveland-Cliffs’ U.S. produced specialty and electrical steels that are critical to the greening of America;
Continued focus on talent management and union partnerships to train and develop the next generation of steel workers;
Commitment to engaging with its stakeholders and communities to foster two-way dialogue; and
Giving back to local communities through The Cleveland-Cliffs Foundation, corporate charitable giving and employee-driven giving.
Cleveland-Cliffs’ Sustainability Report 2021 is accessible online in the “Sustainability” section of the Company’s corporate website, www.clevelandcliffs.com, where a printable PDF version of the report is also available.
About Cleveland-Cliffs Inc.
Cleveland-Cliffs is the largest flat-rolled steel producer in North America. Founded in 1847 as a mine operator, Cleveland-Cliffs also is the largest manufacturer of iron ore pellets in North America. The Company is vertically integrated from mined raw materials, direct reduced iron, and ferrous scrap to primary steelmaking and downstream finishing, stamping, tooling, and tubing. We are the largest supplier of steel to the automotive industry in North America and serve a diverse range of other markets due to our comprehensive offering of flat-rolled steel products. Headquartered in Cleveland, Ohio, Cleveland-Cliffs employs approximately 26,000 people across its operations in the United States and Canada.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20220502005417/en/
MEDIA CONTACT:
Patricia Persico
Senior Director, Corporate Communications
(216) 694-5316
INVESTOR CONTACT:
James Kerr
Manager, Investor Relations
(216) 694-7719
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): April 27, 2022
CLEVELAND-CLIFFS INC.
(Exact name of registrant as specified in its charter)
Ohio1-894434-1464672(State or Other Jurisdiction of Incorporation or Organization)(Commission File Number)(IRS Employer Identification No.)
200 Public Square,Suite 3300,Cleveland,Ohio44114-2315(Address of Principal Executive Offices)(Zip Code)
Registrant's telephone number, including area code: (216) 694-5700
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
?Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)?Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)?Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))?Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:Title of each classTrading Symbol(s)Name of each exchange on which registered:Common Shares, par value $0.125 per shareCLFNew York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (Section 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (Section 240.12b-2 of this chapter).
Emerging growth company?If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ?
Item 5.07.Submission of Matters to a Vote of Security Holders.
The Annual Meeting of Shareholders (the "Annual Meeting") of the Company was held on April 27, 2022. The final voting results for the proposals submitted for a vote of shareholders at the Annual Meeting are set forth below:
As of February 28, 2022, there were 524,409,717 common shares of the Company entitled to vote at the Annual Meeting. Each such share was entitled to one vote. There were present at the Annual Meeting, in person or by proxy, holders of 389,154,229 common shares representing more than a majority of the voting power and constituting a quorum.
At the Annual Meeting, the shareholders voted on the following items:
Proposal No. 1: Election of Directors
All of the Company's nominees were elected as directors by the votes indicated below for a term that will expire on the date of the 2023 annual meeting of Shareholders:
NOMINEESFORWITHHELD
BROKER
NON-VOTES
Lourenco Goncalves231,552,75433,498,091124,103,384Douglas C. Taylor194,418,34270,632,503124,103,384John T. Baldwin198,725,76966,325,076124,103,384Robert P. Fisher, Jr.262,658,1792,392,666124,103,384William K. Gerber263,347,0811,703,764124,103,384Susan M. Green261,035,1524,015,693124,103,384Ralph S. Michael, III197,191,00567,859,840124,103,384Janet L. Miller262,532,5552,518,290124,103,384Gabriel Stoliar263,302,9251,747,920124,103,384Arlene M. Yocum263,186,1971,864,648124,103,384
Proposal No. 2: Approval, on an Advisory Basis, of the Named Executive Officers' Compensation
This proposal, which was on an advisory basis, received an affirmative vote of a majority of the shares present, in person or represented by proxy, at the Annual Meeting and entitled to vote. The voting results were as follows:
FOR166,353,283 AGAINST96,626,555 ABSTAIN2,071,007 BROKER NON-VOTES124,103,384
2
Proposal No. 3: Ratification of Deloitte & Touche LLP as Independent Registered Public Accounting Firm for 2022
This proposal received an affirmative vote of more than a majority of the shares present, in person or represented by proxy, at the Annual Meeting and entitled to vote. The voting results were as follows:
FOR384,307,521 AGAINST2,755,252 ABSTAIN2,091,456
Item 9.01.Financial Statements and Exhibits.
(d)Exhibits.
Exhibit
NumberDescription101Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.104The cover page from this Current Report on Form 8-K, formatted as Inline XBRL.
3
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
CLEVELAND-CLIFFS INC.Date:April 29, 2022By:/s/ James D. GrahamName:James D. GrahamTitle:Executive Vice President, Human Resources, Chief Legal and Administrative Officer & Secretary
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