NYSE:CLFCleveland-Cliffs Stock Price, Forecast & News

Cleveland-Cliffs' stock was trading at $4.49 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CLF stock has increased by 16.3% and is now trading at $5.22. 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 (EPS) for the quarter, meeting the consensus estimate of ($0.18). The mining company earned $324.50 million during the quarter, compared to the consensus estimate of $366.23 million. Cleveland-Cliffs had a return on equity of 63.19% and a net margin of 11.99%. The firm's revenue for the quarter was up 106.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.08) EPS. View Cleveland-Cliffs' earnings history.

Cleveland-Cliffs announced a quarterly dividend on Tuesday, February 18th. Stockholders of record on Friday, April 3rd will be given a dividend of $0.06 per share on Wednesday, April 15th. This represents a $0.24 annualized dividend and a dividend yield of 4.60%. The ex-dividend date of this dividend is Thursday, April 2nd. View Cleveland-Cliffs' dividend history.

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

Cleveland-Cliffs updated its first quarter 2020 Pre-Market earnings guidance on Wednesday, April, 15th. The company provided earnings per share (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 twelve months. This suggests a possible upside of 70.3% from the stock's current price. View analysts' price targets for Cleveland-Cliffs.

News headlines about CLF stock have been trending somewhat negative this week, according to InfoTrie Sentiment Analysis. InfoTrie ranks the sentiment of press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Cleveland-Cliffs earned a news impact score of -1.0 on InfoTrie's scale. They also gave news headlines about the mining company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news aboutCleveland-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), United States Steel (X), Carpenter Technology (CRS), Allegheny Technologies (ATI), AK Steel (AKS), 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."

Cleveland-Cliffs' stock is owned by a variety of institutional and retail investors. Top institutional investors include State Street Corp (5.53%), Fisher Asset Management LLC (3.36%), Bank of New York Mellon Corp (2.27%), Geode Capital Management LLC (2.03%), Principal Financial Group Inc. (1.63%) and Merriman Wealth Management LLC (0.74%). Company insiders that own Cleveland-Cliffs stock include Eric M Rychel, John T Baldwin, Keith Koci, Lourenco Goncalves, M Ann Harlan, 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 Victory Capital Management Inc., Victory Capital Management Inc., Wellington Management Group LLP, Balyasny Asset Management LLC, Fisher Asset Management LLC, Hodges Capital Management Inc., WINTON GROUP Ltd, and United Capital Financial Advisers LLC. View insider buying and selling activity for Cleveland-Cliffs.

CLF stock was acquired by a variety of institutional investors in the last quarter, including State Street Corp, Geode Capital Management LLC, Merriman Wealth Management LLC, Bank of New York Mellon Corp, SG Americas Securities LLC, Principal Financial Group Inc., Voloridge Investment Management LLC, and Nuveen 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, M Ann Harlan, Michael D Siegal, and Robert P Fisher Jr. View insider buying and selling activity 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 $5.22.

Cleveland-Cliffs has a market capitalization of $2.08 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]