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 announced a quarterly dividend on Monday, December 2nd. Shareholders 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 yield of 3.35%. The ex-dividend date of this dividend is Thursday, January 2nd. View Cleveland-Cliffs' Dividend History.

Cleveland-Cliffs declared that its Board of Directors has approved a stock buyback program on Monday, November 26th 2018, which permits the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 7.7% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's management believes its shares are undervalued.

Cleveland-Cliffs Inc (NYSE:CLF) released its earnings results on Wednesday, October, 23rd. The mining company reported $0.33 EPS for the quarter, beating the Zacks' consensus estimate of $0.24 by $0.09. The mining company earned $555.60 million during the quarter, compared to the consensus estimate of $544.88 million. Cleveland-Cliffs had a net margin of 38.99% and a return on equity of 125.91%. The company's revenue for the quarter was down 25.1% compared to the same quarter last year. During the same quarter last year, the company 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 Wall Street analysts have issued 12-month price objectives for Cleveland-Cliffs' shares. Their forecasts range from $8.00 to $12.00. On average, they anticipate Cleveland-Cliffs' share price to reach $10.38 in the next twelve months. This suggests a possible upside of 44.9% 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 coverage about CLF stock has trended somewhat negative this week, according to InfoTrie. The research firm identifies positive and negative media coverage by reviewing 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 closest to five being the most favorable. Cleveland-Cliffs earned a news sentiment score of -1.0 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 effect on the stock's share price in the next several days. 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 variety of of retail and institutional investors. Top institutional shareholders include California Public Employees Retirement System (0.35%), SFE Investment Counsel (0.34%), State of Alaska Department of Revenue (0.08%), Arizona State Retirement System (0.07%), James Investment Research Inc. (0.06%) and New York State Teachers Retirement System (0.04%). 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., California Public Employees Retirement System, Virginia Retirement Systems ET AL, CWM LLC, 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 bought by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Arizona State Retirement System, Verde Servicos Internacionais S.A., Louisiana State Employees Retirement System, New York State Teachers Retirement System, Everence Capital Management Inc., Steward Partners Investment Advisory LLC and Legacy Advisors 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 $7.16.

Cleveland-Cliffs has a market capitalization of $1.93 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]