NYSE:CLF - Cleveland-Cliffs Stock Price, News & Analysis

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

Cleveland-Cliffs announced a quarterly dividend on Friday, May 31st. Stockholders of record on Friday, July 5th will be paid a dividend of $0.06 per share on Monday, July 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date of this dividend is Wednesday, July 3rd. This is an increase from Cleveland-Cliffs's previous quarterly dividend of $0.05. View Cleveland-Cliffs' Dividend History.

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

Cleveland-Cliffs Inc (NYSE:CLF) released its earnings results on Friday, July, 19th. The mining company reported $0.63 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.52 by $0.11. The mining company earned $697.40 million during the quarter, compared to the consensus estimate of $624.23 million. Cleveland-Cliffs had a return on equity of 238.16% and a net margin of 50.72%. Cleveland-Cliffs's quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.55 EPS. View Cleveland-Cliffs' Earnings History.

Cleveland-Cliffs is scheduled to release their next quarterly earnings announcement on Friday, October 18th 2019. View Earnings Estimates for Cleveland-Cliffs.

8 brokers have issued twelve-month price targets for Cleveland-Cliffs' stock. Their predictions range from $5.00 to $17.00. On average, they expect Cleveland-Cliffs' share price to reach $12.6250 in the next year. This suggests a possible upside of 58.4% from the stock's current price. View Analyst Price Targets for Cleveland-Cliffs.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cleveland-Cliffs in the last year. There are currently 1 sell rating, 2 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Cleveland-Cliffs.

Headlines about CLF stock have trended positive this week, InfoTrie Sentiment Analysis reports. InfoTrie rates the sentiment of media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Cleveland-Cliffs earned a news sentiment score of 2.5 on InfoTrie's scale. They also assigned news headlines about the mining company a news buzz of 6.0 out of 10, indicating that recent media coverage is somewhat likely to have an impact on the company's share price in the near term. View News Stories for Cleveland-Cliffs.

Some companies that are related to Cleveland-Cliffs include First Quantum Minerals (FQVLF), Compania de Minas Buenaventura SAA (BVN), IMPALA PLATINUM/S (IMPUY), EXXARO RESOURCE/S (EXXAY), Lundin Mining (LUNMF), Pretium Resources (PVG), Centamin (CELTF), Nexa Resources (NEXA), Turquoise Hill Resources (TRQ), Hudbay Minerals (HBM), North American Palladium (PALDF), Lithium Americas (LAC), Mountain Province Diamonds (MPVD), Fission Uranium (FCUUF) and Amerigo Resources (ARREF).

Based on aggregate information from My MarketBeat watchlists, some companies that other Cleveland-Cliffs investors own include Rite Aid (rad), Bank of America (BAC), Freeport-McMoRan (FCX), Advanced Micro Devices (AMD), Micron Technology (MU), AK Steel (AKS), General Electric (GE), United States Steel (X), Transocean (RIG) and Chesapeake Energy (CHK).

Cleveland-Cliffs' stock is owned by a number of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.34%), Ruffer LLP (6.08%), Fisher Asset Management LLC (4.77%), Northern Trust Corp (1.93%), LSV Asset Management (1.09%) and Charles Schwab Investment Management Inc. (0.95%). Company insiders that own Cleveland-Cliffs stock include Eric M Rychel, John T Baldwin, Keith Koci, Lourenco Goncalves, 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 Man Group plc, Vanguard Group Inc., Ruffer LLP, Pelham Capital Ltd., Picton Mahoney Asset Management, ClariVest Asset Management LLC, Creative Planning and Hennessy Advisors Inc.. View Insider Buying and Selling for Cleveland-Cliffs.

CLF stock was acquired by a variety of institutional investors in the last quarter, including LSV Asset Management, Victory Capital Management Inc., Nuveen Asset Management LLC, General American Investors Co. Inc., Hodges Capital Management Inc., Fisher Asset Management LLC, Heartland Advisors Inc. and Scion 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, Michael D Siegal and Robert P Fisher Jr. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

One share of CLF stock can currently be purchased for approximately $7.97.

Cleveland-Cliffs has a market capitalization of $2.15 billion and generates $2.33 billion in revenue each year. The mining company earns $1.13 billion in net income (profit) each year or $2.13 on an earnings per share basis. Cleveland-Cliffs employs 2,926 workers across the globe.View Additional Information About Cleveland-Cliffs.

The official website for Cleveland-Cliffs is http://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]