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Cleveland-Cliffs Inc (IT:1CVA)
MILAN:1CVA
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1CVA Stock Chart & Stats
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Cleveland-Cliffs News
PremiumStock Analysis & Ideas
Goldman Sachs Says These 2 Steel Stocks Are a ‘Buy’ Amid Improving Fundamentals
PremiumCompany Announcements
Cleveland-Cliffs Reports Q3 2024 Earnings Amid Strategic ChangesBulls Say, Bears Say
Bulls Say
Cost ManagementManagement reduced 2024 capex guidance by ~$50m, lowering their expected range to $600 - $650m.
Financial PerformanceAdjusted EBITDA of $124m beat the VA consensus of $116m and analyst's forecast of $108m.
Market PositionCleveland-Cliffs has transformed itself from an iron ore miner to the largest integrated steelmaker in North America through the acquisition of two of its largest customers, AK Steel and ArcelorMittal USA.
Bears Say
Debt ManagementRelatively stable prices will weigh on free cash flow generation, which will be put towards paying down debt rather than be returned to shareholders.
DemandAuto steel demand will continue to weaken into 2025.
Financial PerformanceForecast EBITDA is significantly lower than the previous forecast.
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Options Prices
Currently, No data available
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Ownership Overview
2.00% Insiders
16.85% Mutual Funds
12.95% Other Institutional Investors
42.88% Public Companies and
Individual Investors
1CVA FAQ
What was Cleveland-Cliffs Inc’s price range in the past 12 months?
Currently, no data Available
What is Cleveland-Cliffs Inc’s market cap?
Currently, no data Available
When is Cleveland-Cliffs Inc’s upcoming earnings report date?
Cleveland-Cliffs Inc’s upcoming earnings report date is Feb 07, 2025 which is in 36 days.
How were Cleveland-Cliffs Inc’s earnings last quarter?
Cleveland-Cliffs Inc released its earnings results on Nov 04, 2024. The company reported -€0.317 earnings per share for the quarter, missing the consensus estimate of -€0.299 by -€0.017.
Is Cleveland-Cliffs Inc overvalued?
According to Wall Street analysts Cleveland-Cliffs Inc’s price is currently Undervalued.
Does Cleveland-Cliffs Inc pay dividends?
Cleveland-Cliffs Inc pays a Quarterly dividend of €0.057 which represents an annual dividend yield of N/A. See more information on Cleveland-Cliffs Inc dividends here
What is Cleveland-Cliffs Inc’s EPS estimate?
Cleveland-Cliffs Inc’s EPS estimate is -€0.46.
How many shares outstanding does Cleveland-Cliffs Inc have?
Cleveland-Cliffs Inc has 493,943,540 shares outstanding.
What happened to Cleveland-Cliffs Inc’s price movement after its last earnings report?
Cleveland-Cliffs Inc reported an EPS of -€0.317 in its last earnings report, missing expectations of -€0.299. Following the earnings report the stock price went same N/A.
Which hedge fund is a major shareholder of Cleveland-Cliffs Inc?
Among the largest hedge funds holding Cleveland-Cliffs Inc’s share is Slate Path Capital LP. It holds Cleveland-Cliffs Inc’s shares valued at 153M.
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Cleveland-Cliffs Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
€14.14 (― Upside)
€14.14 (― Upside)
Blogger Sentiment
Bullish
IT:1CVA Sentiment 84%
Sector Average 69%
Sector Average 69%
Insider Transactions
Sold Shares
Worth $18.3K over
the Last 3 Months
the Last 3 Months
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-53.96%
12-Months-Change
Fundamentals
Return on Equity
-6.20%
Trailing 12-Months
Asset Growth
-6.99%
Trailing 12-Months
Company Description
Cleveland-Cliffs Inc
Cleveland-Cliffs, Inc. is an iron ore mining company. It supplies iron ore pellets to the North American steel industry from mines and pellet plants located in Michigan and Minnesota. It operates through the following segments: Mining & Pelletizing and Metallics. The Mining & Pelletizing segment owns operational iron ore mines plus and indefinitely idled mine. The Metallics segment constructs an HBI production plant in Toledo, Ohio. The company was founded in 1847 and is headquartered in Cleveland, OH.
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1CVA Company Deck
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1CVA Earnings Call
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Neutral
The earnings call presented a mixed view with significant achievements in cost reduction and strategic expansions through acquisitions and projects. However, it also highlighted challenges from weak demand and pricing pressures in the steel and automotive markets. The outlook for 2025 is optimistic, but current market conditions have posed significant challenges.Read More>---
1CVA Revenue Breakdown
30.04% Coated steel
19.70% Hot-rolled steel
13.89% Cold-rolled steel
10.13% Other steelmaking product lines
26.24% Other
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1CVA Stock 12 Month Forecast
Average Price Target
―Best Analysts Covering 1CVA
1 Year
1 Year Success Rate
8/9 ratings generated profit
1 Year Average Return
+38.50%
reiterated a sell rating 6 months ago
Copying Timna Tanners's trades and holding each position for 1 Year would result in 88.89% of your transactions generating a profit, with an average return of +38.50% per trade.
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