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MarketScreener Homepage  >  Equities  >  Nyse  >  Cleveland-Cliffs Inc.    CLF

CLEVELAND-CLIFFS INC.

(CLF)
  Report
Real-time Estimate Quote. Real-time Estimate BATS EXCHANGE - 10/28 04:14:17 pm
8.0850 USD   -3.29%
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10/23CLEVELAND CLIFFS : Quarterly Report
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Cleveland Cliffs : Shares Rally on ArcelorMittal Deal

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09/28/2020 | 11:01am EDT

By Colin Kellaher

 

Shares of Cleveland-Cliffs Inc. rose nearly 9% on Monday after the iron-ore mining company agreed to buy the U.S. business of steel giant ArcelorMittal S.A. for about $1.4 billion.

The Cleveland company said the deal will make it North America's largest producer of flat-rolled steel and iron-ore pellets.

Cleveland-Cliffs also will assume liabilities valued at about $2 billion.

Cleveland-Cliffs shares were recently up 8.7% to $6.39. ArcelorMittal American depositary receipts were up 7.8% to $13.03.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 


Stocks mentioned in the article
ChangeLast1st jan.
ARCELORMITTAL -1.99% 11.62 Delayed Quote.-26.19%
CLEVELAND-CLIFFS INC. -4.07% 7.98 Delayed Quote.-4.52%
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Financials (USD)
Sales 2020 5 019 M - -
Net income 2020 -108 M - -
Net Debt 2020 4 385 M - -
P/E ratio 2020 -24,4x
Yield 2020 1,24%
Capitalization 3 338 M 3 338 M -
EV / Sales 2020 1,54x
EV / Sales 2021 1,05x
Nbr of Employees 2 372
Free-Float 91,7%
Chart CLEVELAND-CLIFFS INC.
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Cleveland-Cliffs Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends CLEVELAND-CLIFFS INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 7,85 $
Last Close Price 8,36 $
Spread / Highest target 55,5%
Spread / Average Target -6,10%
Spread / Lowest Target -40,2%
EPS Revisions
Managers
NameTitle
C. Lourenço Gonçalves Chairman, President & Chief Executive Officer
Clifford T. Smith Chief Operating Officer & Executive Vice President
Keith A. Koci Chief Financial Officer & Executive Vice President
Robert P. Fisher Independent Director
Gabriel Stoliar Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
CLEVELAND-CLIFFS INC.-0.48%3 338
ARCELORMITTAL-24.69%16 082
POSCO-6.98%15 322
NUCOR-14.32%14 575
NIPPON STEEL CORPORATION-35.28%9 675
STEEL DYNAMICS, INC.-7.76%6 595