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

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

Cleveland-Cliffs announced a quarterly dividend on Tuesday, September 3rd. Stockholders of record on Friday, October 4th will be paid a dividend of $0.06 per share on Tuesday, October 15th. This represents a $0.24 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend is Thursday, October 3rd. View Cleveland-Cliffs' Dividend History.

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

Cleveland-Cliffs Inc (NYSE:CLF) released its quarterly earnings results on Friday, July, 19th. The mining company reported $0.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.52 by $0.11. The mining company had revenue of $697.40 million for the quarter, compared to the consensus estimate of $624.23 million. Cleveland-Cliffs had a return on equity of 238.16% and a net margin of 50.72%. The business's revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.55 EPS. View Cleveland-Cliffs' Earnings History.

Cleveland-Cliffs is scheduled to release their next quarterly earnings announcement on Friday, October 18th 2019. View Earnings Estimates for Cleveland-Cliffs.

8 analysts have issued twelve-month price objectives for Cleveland-Cliffs' stock. Their predictions range from $5.00 to $17.00. On average, they expect Cleveland-Cliffs' stock price to reach $11.6250 in the next twelve months. This suggests a possible upside of 44.6% from the stock's current price. View Analyst Price Targets for Cleveland-Cliffs.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cleveland-Cliffs in the last year. There are currently 1 sell rating, 2 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Cleveland-Cliffs.

Press coverage about CLF stock has trended negative on Thursday, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Cleveland-Cliffs earned a media sentiment score of -2.9 on InfoTrie's scale. They also gave news stories about the mining company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company's share price in the next several days. View News Stories for Cleveland-Cliffs.

Cleveland-Cliffs saw a increase in short interest during the month of August. As of August 31st, there was short interest totalling 88,628,100 shares, an increase of 17.0% from the July 31st total of 75,769,600 shares. Based on an average trading volume of 9,070,000 shares, the short-interest ratio is currently 9.8 days. Currently, 33.6% of the company's stock are sold short. View Cleveland-Cliffs' Current Options Chain.

Some companies that are related to Cleveland-Cliffs include First Quantum Minerals (FQVLF), IMPALA PLATINUM/S (IMPUY), Lundin Mining (LUNMF), Compania de Minas Buenaventura SAA (BVN), EXXARO RESOURCE/S (EXXAY), Pretium Resources (PVG), Centamin (CELTF), Nexa Resources (NEXA), Hudbay Minerals (HBM), Turquoise Hill Resources (TRQ), North American Palladium (PALDF), Lithium Americas (LAC), Mountain Province Diamonds (MPVD), Fission Uranium (FCUUF) and Amerigo Resources (ARREF).

Based on aggregate information from My MarketBeat watchlists, some companies that other Cleveland-Cliffs investors own include Rite Aid (RAD), Bank of America (BAC), Freeport-McMoRan (FCX), Advanced Micro Devices (AMD), Micron Technology (MU), AK Steel (AKS), Transocean (RIG), United States Steel (X), General Electric (GE) and Chesapeake Energy (CHK).

Cleveland-Cliffs' stock is owned by many different of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.34%), Ruffer LLP (6.08%), Fisher Asset Management LLC (4.77%), Northern Trust Corp (1.93%), LSV Asset Management (1.09%) and Charles Schwab Investment Management Inc. (0.95%). 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 Man Group plc, Vanguard Group Inc., Ruffer LLP, Pelham Capital Ltd., Picton Mahoney Asset Management, ClariVest Asset Management LLC, Creative Planning and Hennessy Advisors Inc.. View Insider Buying and Selling for Cleveland-Cliffs.

CLF stock was acquired by a variety of institutional investors in the last quarter, including LSV Asset Management, Victory Capital Management Inc., Nuveen Asset Management LLC, General American Investors Co. Inc., Hodges Capital Management Inc., Fisher Asset Management LLC, Heartland Advisors Inc. and Scion Asset Management LLC. 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 $8.04.

Cleveland-Cliffs has a market capitalization of $2.17 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]