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. Since then, CLF stock has increased by 36.5% and is now trading at $6.13.
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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."
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Cleveland-Cliffs is scheduled to release its next quarterly earnings announcement on Wednesday, October 28th 2020.
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Cleveland-Cliffs Inc (NYSE:CLF) issued its earnings results on Thursday, July, 30th. The mining company reported ($0.31) EPS for the quarter, topping the consensus estimate of ($0.51) by $0.20. The mining company had revenue of $1.09 billion for the quarter, compared to analysts' expectations of $1.07 billion. Cleveland-Cliffs had a negative net margin of 0.86% and a positive return on equity of 6.53%.
View Cleveland-Cliffs' earnings history.

Cleveland-Cliffs declared 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 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date is Thursday, April 2nd.
View Cleveland-Cliffs' dividend history.

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

9 brokers have issued 12 month price objectives for Cleveland-Cliffs' stock. 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 45.0% from the stock's current price.
View analysts' price targets for Cleveland-Cliffs.

News stories about CLF stock have been trending positive this week, InfoTrie reports. The research group ranks the sentiment of news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Cleveland-Cliffs earned a media sentiment score of 2.4 on InfoTrie's scale. They also assigned news headlines about the mining company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the immediate future.
View the latest news about Cleveland-Cliffs.

Cleveland-Cliffs saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 113,050,000 shares, an increase of 14.6% from the April 30th total of 98,640,000 shares. Based on an average daily volume of 14,110,000 shares, the short-interest ratio is currently 8.0 days.
View Cleveland-Cliffs' Short Interest.

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), Allegheny Technologies (ATI), Carpenter Technology (CRS), Schnitzer Steel Industries (SCHN), Haynes International (HAYN), Olympic Steel (ZEUS) and Universal Stainless & Alloy Products (USAP).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Cleveland-Cliffs investors own include Chesapeake Energy (CHKAQ), Chesapeake Energy (CHKAQ), Freeport-McMoRan (FCX), Bank of America (BAC), Rite Aid (RAD), Advanced Micro Devices (AMD), Micron Technology (MU), General Electric (GE), Ford Motor (F) and AK Steel (AKS).

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

Cleveland-Cliffs' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (10.57%), Fisher Asset Management LLC (3.21%), LSV Asset Management (2.31%), Principal Financial Group Inc. (1.44%), Bank of New York Mellon Corp (1.29%) and Victory Capital Management Inc. (0.73%). 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 LSV Asset Management, Bank of New York Mellon Corp, Vanguard Group Inc., Hodges Capital Management Inc., Mutual of America Capital Management LLC, Bank of Montreal Can, Holocene Advisors LP, and Raymond James & Associates.
View insider buying and selling activity for Cleveland-Cliffs.

CLF stock was bought by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC, Victory Capital Management Inc., Macquarie Group Ltd., Principal Financial Group Inc., Encompass Capital Advisors LLC, UBS Group AG, Driehaus Capital Management LLC, and Man Group plc. 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 $6.13.

Cleveland-Cliffs has a market capitalization of $2.45 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]