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

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

Cleveland-Cliffs declared a quarterly dividend on Tuesday, September 3rd. Shareholders of record on Friday, October 4th will be given a dividend of $0.06 per share on Tuesday, October 15th. This represents a $0.24 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date is Thursday, October 3rd. View Cleveland-Cliffs' Dividend History.

Cleveland-Cliffs announced that its Board of Directors has approved a share 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 stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

Cleveland-Cliffs Inc (NYSE:CLF) released its quarterly earnings results on Friday, July, 19th. The mining company reported $0.63 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.52 by $0.11. The mining company had revenue of $697.40 million for the quarter, compared to analysts' expectations 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 period last year, the business earned $0.55 earnings per share. View Cleveland-Cliffs' Earnings History.

Cleveland-Cliffs is scheduled to release their next quarterly earnings announcement on Wednesday, October 23rd 2019. View Earnings Estimates for Cleveland-Cliffs.

Cleveland-Cliffs will be holding an earnings conference call on Wednesday, October 23rd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

9 equities research analysts have issued twelve-month price targets for Cleveland-Cliffs' stock. Their predictions range from $5.00 to $13.00. On average, they anticipate Cleveland-Cliffs' share price to reach $10.00 in the next year. This suggests a possible upside of 43.7% from the stock's current price. View Analyst Price Targets for Cleveland-Cliffs.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cleveland-Cliffs in the last year. There are currently 1 sell rating, 3 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Cleveland-Cliffs.

Headlines about CLF stock have trended very negative this week, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of news coverage by analyzing 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 coverage optimism score of -3.2 on InfoTrie's scale. They also gave news articles 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 near future. View News Stories for Cleveland-Cliffs.

Cleveland-Cliffs saw a increase in short interest during the month of September. As of September 15th, there was short interest totalling 99,210,000 shares, an increase of 12.3% from the August 15th total of 88,380,000 shares. Based on an average daily volume of 10,280,000 shares, the short-interest ratio is presently 9.7 days. Currently, 37.6% of the company's shares are sold short. View Cleveland-Cliffs' Current Options Chain.

Some companies that are related to Cleveland-Cliffs include First Quantum Minerals (FQVLF), IMPALA PLATINUM/S (IMPUY), Lundin Mining (LUNMF), Compania de Minas Buenaventura SAA (BVN), EXXARO RESOURCE/S (EXXAY), 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), Transocean (RIG), United States Steel (X), General Electric (GE) and Chesapeake Energy (CHK).

Cleveland-Cliffs' stock is owned by a number of of retail and institutional investors. Top institutional investors include Hennessy Advisors Inc. (0.53%), Envestnet Asset Management Inc. (0.05%), Ipswich Investment Management Co. Inc. (0.02%), Allred Capital Management LLC (0.01%), SeaCrest Wealth Management LLC (0.01%) and Buckley Wealth Management LLC (0.01%). 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 Hennessy Advisors Inc.. View Insider Buying and Selling for Cleveland-Cliffs.

CLF stock was bought by a variety of institutional investors in the last quarter, including Allred Capital Management LLC, Envestnet Asset Management Inc., Navellier & Associates Inc, Fox Run Management L.L.C., SeaCrest Wealth Management LLC, Ipswich Investment Management Co. Inc., Gradient Investments LLC and Buckley Wealth 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, Robinhood, Fidelity and Charles Schwab.

One share of CLF stock can currently be purchased for approximately $6.96.

Cleveland-Cliffs has a market capitalization of $1.88 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]