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 (WHO). Since then, CLF shares have 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, meeting the consensus estimate of ($0.18). The mining company had revenue of $324.50 million for the quarter, compared to analysts' expectations of $366.23 million. Cleveland-Cliffs had a return on equity of 63.19% and a net margin of 11.99%. The firm's quarterly revenue was up 106.7% on a year-over-year basis. During the same period in the previous year, the business posted ($0.08) earnings per share. View Cleveland-Cliffs' earnings history.

Cleveland-Cliffs announced a quarterly dividend on Tuesday, February 18th. Investors 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 4.44%. The ex-dividend date of this dividend is Thursday, April 2nd. View Cleveland-Cliffs' dividend history.

Cleveland-Cliffs declared that its Board of Directors has initiated a stock repurchase plan 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 shares through open market purchases. Shares repurchase plans are often an indication that the company's board 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 guidance of for the period. The company issued revenue guidance of $345-375 million.

9 Wall Street analysts have issued 12 month target prices for Cleveland-Cliffs' shares. Their forecasts range from $4.00 to $12.00. On average, they expect Cleveland-Cliffs' stock price to reach $8.89 in the next year. This suggests a possible upside of 64.6% from the stock's current price. View analysts' price targets for Cleveland-Cliffs.

Media coverage about CLF stock has trended negative this week, InfoTrie reports. InfoTrie identifies positive and negative news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Cleveland-Cliffs earned a media sentiment score of -2.8 on InfoTrie's scale. They also assigned headlines about the mining company a news buzz of 7.0 out of 10, indicating that recent news coverage is likely 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 $5.40.

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]