NYSE:CLFCleveland-Cliffs Stock Price, Forecast & News

Cleveland-Cliffs' stock was trading at $4.49 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, CLF stock has increased by 19.6% and is now trading at $5.37. View which stocks have been most impacted by Coronavirus.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cleveland-Cliffs in the last year. There are currently 6 hold ratings, 2 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Cleveland-Cliffs.

Cleveland-Cliffs is scheduled to release its next quarterly earnings announcement on Friday, July 17th 2020. View our earnings forecast for Cleveland-Cliffs.

Cleveland-Cliffs Inc (NYSE:CLF) issued its earnings results on Monday, May, 11th. The mining company reported ($0.18) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.18). The mining company earned $324.50 million during the quarter, compared to analysts' expectations of $366.23 million. Cleveland-Cliffs had a net margin of 11.99% and a return on equity of 63.19%. The firm's revenue for the quarter was up 106.7% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.08) earnings per share. View Cleveland-Cliffs' earnings history.

Cleveland-Cliffs announced a quarterly dividend on Tuesday, February 18th. Shareholders of record on Friday, April 3rd will be paid a dividend of $0.06 per share on Wednesday, April 15th. This represents a $0.24 annualized dividend and a yield of 4.47%. The ex-dividend date is Thursday, April 2nd. View Cleveland-Cliffs' dividend history.

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

Cleveland-Cliffs updated its first quarter 2020 Pre-Market earnings guidance on Wednesday, April, 15th. The company provided EPS guidance of for the period. The company issued revenue guidance of $345-375 million.

9 brokers have issued 1-year target prices for Cleveland-Cliffs' shares. Their forecasts range from $4.00 to $12.00. On average, they expect Cleveland-Cliffs' share price to reach $8.89 in the next year. This suggests a possible upside of 65.5% from the stock's current price. View analysts' price targets for Cleveland-Cliffs.

News stories about CLF stock have been trending very negative this week, InfoTrie reports. The research firm identifies positive and negative news 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 closest to five being the most favorable. Cleveland-Cliffs earned a media sentiment score of -3.3 on InfoTrie's scale. They also assigned news articles about the mining company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news about Cleveland-Cliffs.

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

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

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

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 $5.37.

Cleveland-Cliffs has a market capitalization of $2.14 billion and generates $1.99 billion in revenue each year. The mining company earns $292.80 million in net income (profit) each year or $1.12 on an earnings per share basis. Cleveland-Cliffs employs 2,372 workers across the globe.

The official website for Cleveland-Cliffs is 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]