NYSE:CLF - Cleveland-Cliffs Stock Price, Forecast & News

Cleveland-Cliffs trades on the New York Stock Exchange (NYSE) under the ticker symbol "CLF."

Cleveland-Cliffs declared a quarterly dividend on Monday, December 2nd. Stockholders of record on Friday, January 3rd will be given a dividend of $0.06 per share on Wednesday, January 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date of this dividend is Thursday, January 2nd. View Cleveland-Cliffs' Dividend History.

Cleveland-Cliffs announced that its board has approved a share buyback plan on Monday, November 26th 2018, which authorizes the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 7.7% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its stock is undervalued.

Cleveland-Cliffs Inc (NYSE:CLF) released its quarterly earnings results on Wednesday, October, 23rd. The mining company reported $0.33 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.24 by $0.09. The mining company had revenue of $555.60 million for the quarter, compared to the consensus estimate of $544.88 million. Cleveland-Cliffs had a return on equity of 125.91% and a net margin of 38.99%. The company's revenue was down 25.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.41 EPS. View Cleveland-Cliffs' Earnings History.

Cleveland-Cliffs is scheduled to release their next quarterly earnings announcement on Thursday, February 27th 2020. View Earnings Estimates for Cleveland-Cliffs.

Cleveland-Cliffs will be holding an earnings conference call on Thursday, February 27th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

9 analysts have issued 1 year price targets for Cleveland-Cliffs' stock. Their forecasts range from $8.00 to $12.00. On average, they expect Cleveland-Cliffs' share price to reach $10.38 in the next twelve months. This suggests a possible upside of 40.6% from the stock's current price. View Analyst Price Targets for Cleveland-Cliffs.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cleveland-Cliffs in the last year. There are currently 5 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Cleveland-Cliffs.

News articles about CLF stock have been trending extremely negative on Sunday, InfoTrie Sentiment Analysis reports. InfoTrie rates the sentiment of media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Cleveland-Cliffs earned a coverage optimism score of -4.5 on InfoTrie's scale. They also assigned media headlines about the mining company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the near future. View News Stories for Cleveland-Cliffs.

Some companies that are related to Cleveland-Cliffs include Nucor (NUE), Reliance Steel & Aluminum (RS), Steel Dynamics (STLD), Commercial Metals (CMC), Allegheny Technologies (ATI), Worthington Industries (WOR), Carpenter Technology (CRS), United States Steel (X), AK Steel (AKS), Schnitzer Steel Industries (SCHN), Haynes International (HAYN), Olympic Steel (ZEUS) and Universal Stainless & Alloy Products (USAP).

Based on aggregate information from My MarketBeat watchlists, some companies that other Cleveland-Cliffs investors own include Bank of America (BAC), Rite Aid (rad), Freeport-McMoRan (FCX), Advanced Micro Devices (AMD), Micron Technology (MU), AK Steel (AKS), Transocean (RIG), Intel (INTC), General Electric (GE) and Ford Motor (F).

Cleveland-Cliffs' stock is owned by a number of of retail and institutional investors. Top institutional investors include SFE Investment Counsel (0.34%), State of Alaska Department of Revenue (0.08%), James Investment Research Inc. (0.06%), New York State Teachers Retirement System (0.04%), Verde Servicos Internacionais S.A. (0.04%) and Louisiana State Employees Retirement System (0.03%). Company insiders that own Cleveland-Cliffs stock include Eric M Rychel, John T Baldwin, Keith Koci, Lourenco Goncalves, Michael D Siegal, Robert P Fisher Jr and Susan Miranda Green. View Institutional Ownership Trends for Cleveland-Cliffs.

CLF stock was sold by a variety of institutional investors in the last quarter, including James Investment Research Inc., SFE Investment Counsel, SeaCrest Wealth Management LLC, CWM Advisors LLC and Barnett & Company Inc.. View Insider Buying and Selling for Cleveland-Cliffs.

CLF stock was acquired by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Verde Servicos Internacionais S.A., Louisiana State Employees Retirement System, New York State Teachers Retirement System, Steward Partners Investment Advisory LLC, Legacy Advisors LLC, Savior LLC and NEXT Financial Group Inc. Company insiders that have bought Cleveland-Cliffs stock in the last two years include Eric M Rychel, John T Baldwin, Keith Koci, Lourenco Goncalves, Michael D Siegal and Robert P Fisher Jr. View Insider Buying and Selling for Cleveland-Cliffs.

Shares of CLF can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of CLF stock can currently be purchased for approximately $7.38.

Cleveland-Cliffs has a market capitalization of $1.99 billion and generates $2.33 billion in revenue each year. The mining company earns $1.13 billion in net income (profit) each year or $2.13 on an earnings per share basis. Cleveland-Cliffs employs 2,926 workers across the globe.View Additional Information About Cleveland-Cliffs.

The official website for Cleveland-Cliffs is http://www.clevelandcliffs.com/.

Cleveland-Cliffs' mailing address is 200 PUBLIC SQUARE SUITE 3300, CLEVELAND OH, 44114. The mining company can be reached via phone at 216-694-5700 or via email at [email protected]