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 declared a quarterly dividend on Thursday, February 21st. Stockholders of record on Friday, April 5th will be paid a dividend of $0.05 per share on Monday, April 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Thursday, April 4th. View Cleveland-Cliffs' Dividend History.

Cleveland-Cliffs announced that its Board of Directors has initiated a share repurchase program on Monday, November 26th 2018, which allows the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 7.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.

Cleveland-Cliffs Inc (NYSE:CLF) released its quarterly earnings results on Friday, February, 8th. The mining company reported $0.55 EPS for the quarter, missing analysts' consensus estimates of $0.57 by $0.02. The mining company had revenue of $696.30 million for the quarter, compared to the consensus estimate of $721.52 million. Cleveland-Cliffs had a negative return on equity of 509.82% and a net margin of 47.17%. The firm's revenue for the quarter was up 36.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.07 EPS. View Cleveland-Cliffs' Earnings History.

Cleveland-Cliffs is scheduled to release their next quarterly earnings announcement on Friday, April 19th 2019. View Earnings Estimates for Cleveland-Cliffs.

11 analysts have issued 1 year target prices for Cleveland-Cliffs' shares. Their forecasts range from $5.00 to $17.00. On average, they expect Cleveland-Cliffs' stock price to reach $12.2750 in the next year. This suggests a possible upside of 29.6% from the stock's current price. View Analyst Price Targets for Cleveland-Cliffs.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cleveland-Cliffs in the last year. There are currently 1 sell rating, 3 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Cleveland-Cliffs.

Media stories about CLF stock have been trending negative recently, InfoTrie reports. The research firm identifies positive and negative media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Cleveland-Cliffs earned a news impact score of -2.1 on InfoTrie's scale. They also assigned news coverage 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 stock's share price in the next several days.

Cleveland-Cliffs saw a increase in short interest during the month of March. As of March 15th, there was short interest totalling 57,378,643 shares, an increase of 9.3% from the February 28th total of 52,512,433 shares. Based on an average trading volume of 9,888,527 shares, the short-interest ratio is presently 5.8 days. Currently, 20.0% of the company's stock are short sold. View Cleveland-Cliffs' Current Options Chain.

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

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

Cleveland-Cliffs' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Ruffer LLP (6.61%), Fisher Asset Management LLC (3.66%), Dimensional Fund Advisors LP (2.23%), Northern Trust Corp (1.80%), Geode Capital Management LLC (1.08%) and Geode Capital Management LLC (1.08%). Company insiders that own Cleveland-Cliffs stock include Douglas C Taylor, Eric M Rychel, John T Baldwin, Joseph A Rutkowski, Keith Koci, Lourenco Goncalves 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 Hennessy Advisors Inc., Creative Planning, Madison Investment Holdings Inc., Prudential Financial Inc., Chicago Equity Partners LLC, South Dakota Investment Council, California Public Employees Retirement System and Northpointe Capital LLC. View Insider Buying and Selling for Cleveland-Cliffs.

CLF stock was acquired by a variety of institutional investors in the last quarter, including Ruffer LLP, Norges Bank, Fisher Asset Management LLC, Chartwell Investment Partners LLC, Pelham Capital Ltd., Segall Bryant & Hamill LLC, Northern Trust Corp and Hodges Capital Management Inc.. Company insiders that have bought Cleveland-Cliffs stock in the last two years include Douglas C Taylor, Eric M Rychel, John T Baldwin, Joseph A Rutkowski, Keith Koci and Lourenco Goncalves. 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, Scottrade, Fidelity and Charles Schwab.

One share of CLF stock can currently be purchased for approximately $9.47.

Cleveland-Cliffs has a market capitalization of $2.75 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.

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]