Cleveland-Cliffs, Inc. is a flat-rolled steel producer, which supplies iron ore pellets to the North American steel industry. It engages in the production of metallics and coke, iron making, steelmaking, rolling and finishing, and downstream tubular components, stamping, and tooling.
Similarly, Does CLF pay dividend?
CLF does not currently pay a dividend.
What kind the company is CLF? Cleveland-Cliffs Inc (NYSE:CLF)
Cleveland-Cliffs, Inc. is a flat-rolled steel producer, which supplies iron ore pellets to the North American steel industry. It engages in the production of metallics and coke, iron making, steelmaking, rolling and finishing, and downstream tubular components, stamping, and tooling.
Thereof, How high can Cleveland-Cliffs stock go?
The 8 analysts offering 12-month price forecasts for Cleveland-Cliffs Inc have a median target of 32.00, with a high estimate of 46.00 and a low estimate of 23.50. The median estimate represents a +3.76% increase from the last price of 30.84.
Why is Cleveland-Cliffs down today?
Cleveland-Cliffs stock is falling after its fourth-quarter earnings disappointed the market. Shares of the steelmaker are inexpensive, but investors fear falling profits—and sliding prices for the metal.
What does CLF produce?
We produce carbon, stainless, electrical, and third-generation advanced high-strength carbon and specialty steels for all major markets. We are the leader in the automotive steel marketplace and help our customers design lighter, more fuel-efficient vehicles that maintain superior strength and safety performance.
Does US steel pay a dividend?
The current TTM dividend payout for United States Steel (X) as of April 14, 2022 is $0.20. The current dividend yield for United States Steel as of April 14, 2022 is 0.54%. United States Steel Corporation is an integrated steel producer with major production operations in the United States and Central Europe.
Is Cleveland-Cliffs a good buy?
Is Cleveland-Cliffs a good buy? Yes. Share prices are low right now and should go back up over time. Investors should treat this opportunity as a long-term investment.
What is CLF stand for?
CLF
| Acronym | Definition |
|---|---|
| CLF | Central Liquidity Facility |
| CLF | Common Log Format |
| CLF | Civilian Labor Force |
| CLF | Common Look and Feel |
Who owns arcelormittal steel?
Lakshmi Mittal (owner of Mittal Steel) is the executive chairman. His family owns 40% of the shares and voting shares in the company. After a $3 billion rights issue earlier in April 2016, the company by 21 April 2016 had a share value of 16,616 million euros, distributed in 3,065,710,869 shares.
How much debt is CLF?
Compare CLF With Other Stocks
| Cleveland-Cliffs Debt/Equity Ratio Historical Data | ||
|---|---|---|
| Date | Long Term Debt | Shareholder’s Equity |
| 2019-06-30 | $3.11B | $0.29B |
| 2019-03-31 | $3.05B | $0.26B |
| 2018-12-31 | $3.11B | $0.42B |
Why is CLF tanking?
CLF stock has declined over recent weeks following a drastic decline in global iron ore prices. Iron ore prices have declined more than 17% in the last one month. Compared to its high of $230/ton in July 2021, iron ore price per ton has halved to $117 currently.
Why did CLF drop?
The drop in CLF stock recently has been driven by the fall in iron ore prices. The global price of iron ore per ton has fallen below $100. It currently stands at $94, which marks a decrease of 22% from the level of $121/ton seen a month back. Efforts of decarbonization in China have led to the drop in iron ore prices.
How does CLF make money?
What Does CLF Offer? CLF produces iron ore pellets from its mines and pellet plants located in Michigan and Minnesota, for use in blast furnaces as part of the steel making process, as well as iron ore concentrate.
What stock paid the highest dividend?
9 highest paying S&P 500 dividend stocks:
- The Williams Cos. Inc. (WMB)
- Iron Mountain Inc. (IRM)
- PPL Corp. (PPL)
- Oneok Inc. (OKE)
- Kinder Morgan Inc. (KMI)
- Altria Group Inc. (MO)
- Lumen Technologies Inc. (LUMN)
- AT&T Inc. (T)
Who owns US Steel today?
By 2018, the company was the world’s 38th-largest steel producer and the second-largest in the US, trailing only Nucor Corporation.
…
U.S. Steel.
| Type | Public |
|---|---|
| Total assets | US$12.059 billion (2020) |
| Total equity | US$3.786 billion (2020) |
| Number of employees | 23,350 (2020) |
| Website | USSteel.com |
Is Xa a stock dividend?
XA Inc does not currently pay a dividend.
Who owns CLF stock?
Top 10 Owners of Cleveland-Cliffs Inc
| Stockholder | Stake | Shares owned |
|---|---|---|
| The Vanguard Group, Inc. | 7.92% | 41,589,740 |
| BlackRock Fund Advisors | 6.62% | 34,797,978 |
| Fidelity Management & Research Co… | 4.59% | 24,101,186 |
| SSgA Funds Management, Inc. | 2.91% | 15,270,791 |
Who owns Cleveland-Cliffs steel?
Cleveland-Cliffs Inc., a Cleveland-based iron ore and steel company that recently swelled in size by buying AK Steel for $1.1 billion, has reached an agreement with Luxembourg-based multinational steel giant ArcelorMittal to acquire its U.S. assets, including its Northwest Indiana steel mills, for $1.4 billion in stock …
Does AK Steel still exist?
According to Cleveland-Cliffs, the AK Steel site in Ashland, Kentucky, will be torn down and will not be used for production in the future. The AK Steel company was bought out by Cleveland Cliffs weeks after the plant closed in 2019. There is no word on when the demolition will happen or what the land will be used for.
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