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 Thursday, February 21st. Investors 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 yield of 2.13%. The ex-dividend date is Thursday, April 4th. View Cleveland-Cliffs' Dividend History.

Cleveland-Cliffs announced that its Board of Directors has approved a share repurchase program 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 buy up to 7.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board believes its stock is undervalued.

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

Cleveland-Cliffs is scheduled to release their next quarterly earnings announcement on Thursday, April 25th 2019. View Earnings Estimates for Cleveland-Cliffs.

Cleveland-Cliffs will be holding an earnings conference call on Thursday, April 25th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

11 Wall Street analysts have issued 12-month price objectives for Cleveland-Cliffs' shares. Their predictions range from $5.00 to $17.00. On average, they anticipate Cleveland-Cliffs' share price to reach $12.2750 in the next year. This suggests a possible upside of 31.0% 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 trended positive this week, InfoTrie reports. The research group scores the sentiment of 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 positive five, with scores closest to five being the most favorable. Cleveland-Cliffs earned a news impact score of 3.0 on InfoTrie's scale. They also gave media 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 effect on the company's share price in the next several days.

Cleveland-Cliffs saw a increase in short interest in March. As of March 29th, there was short interest totalling 58,663,294 shares, an increase of 2.2% from the March 15th total of 57,378,643 shares. Based on an average trading volume of 9,428,904 shares, the days-to-cover ratio is presently 6.2 days. Currently, 20.6% of the shares of the company 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), Lundin Mining (LUNMF), EXXARO RESOURCE/S (EXXAY), IMPALA PLATINUM/S (IMPUY), Turquoise Hill Resources (TRQ), Hudbay Minerals (HBM), Nexa Resources (NEXA), Pretium Resources (PVG), Centamin (CELTF), North American Palladium (PALDF), Lithium Americas (LAC), Royal Standard Minerals Inc USA (RYSMF), Mountain Province Diamonds (MPVD) and Fission Uranium (FCUUF).

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), General Electric (GE), AK Steel (AKS), United States Steel (X), Alibaba Group (BABA) and Transocean (RIG).

Cleveland-Cliffs' stock is owned by a variety of of retail and institutional investors. Top institutional investors include Hodges Capital Management Inc. (0.62%), Hennessy Advisors Inc. (0.60%), Chartwell Investment Partners LLC (0.09%), Verde Servicos Internacionais S.A. (0.02%), Ipswich Investment Management Co. Inc. (0.02%) and Alpha Windward LLC (0.02%). 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 Chartwell Investment Partners LLC, Hodges Capital Management Inc., Hennessy Advisors Inc., Alpha Windward LLC and Ipswich Investment Management Co. Inc.. View Insider Buying and Selling for Cleveland-Cliffs.

CLF stock was purchased by a variety of institutional investors in the last quarter, including Verde Servicos Internacionais S.A., Quantitative Systematic Strategies LLC, Traynor Capital Management Inc., State of Alaska Department of Revenue, Strs Ohio and Meeder Asset 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 $9.37.

Cleveland-Cliffs has a market capitalization of $2.72 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]