NYSE:CLFCleveland-Cliffs Stock Price, Forecast & News

Cleveland-Cliffs' stock was trading at $4.49 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, CLF stock has increased by 20.3% and is now trading at $5.40. 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 quarterly earnings data 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 analyst estimates of $366.23 million. Cleveland-Cliffs had a return on equity of 63.19% and a net margin of 11.99%. The company's revenue for the quarter was up 106.7% on a year-over-year basis. During the same quarter last year, the business 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 paid 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 4.44%. The ex-dividend date is Thursday, April 2nd. View Cleveland-Cliffs' dividend history.

Cleveland-Cliffs announced that its board has authorized a stock repurchase 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 reacquire up to 7.7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its shares are undervalued.

Cleveland-Cliffs issued an update on 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 analysts have issued twelve-month 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 64.6% from the stock's current price. View analysts' price targets for Cleveland-Cliffs.

Headlines about CLF stock have trended negative recently, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Cleveland-Cliffs earned a coverage optimism score of -2.1 on InfoTrie's scale. They also assigned news stories 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 future. 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 $5.40.

Cleveland-Cliffs has a market capitalization of $2.15 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]