Cleveland-Cliffs Stock Forecast, Price & News

Cleveland-Cliffs' stock was trading at $4.49 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, CLF shares have increased by 54.8% and is now trading at $6.95.
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8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cleveland-Cliffs in the last year. There are currently 5 hold ratings, 2 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."
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Cleveland-Cliffs is scheduled to release its next quarterly earnings announcement on Wednesday, October 28th 2020.
View our earnings forecast for Cleveland-Cliffs.

Cleveland-Cliffs Inc (NYSE:CLF) released its quarterly earnings data 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 earned $1.09 billion during the quarter, compared to analysts' expectations of $1.07 billion. Cleveland-Cliffs had a positive return on equity of 6.53% and a negative net margin of 0.86%.
View Cleveland-Cliffs' earnings history.

Cleveland-Cliffs declared a quarterly dividend on Tuesday, February 18th. Investors 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 3.45%. The ex-dividend date is Thursday, April 2nd.
View Cleveland-Cliffs' dividend history.

Cleveland-Cliffs declared that its board has authorized a stock repurchase plan on Monday, November 26th 2018, which permits the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 7.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's leadership believes its stock is undervalued.

8 brokerages have issued 1-year price objectives for Cleveland-Cliffs' shares. Their forecasts range from $4.00 to $12.00. On average, they anticipate Cleveland-Cliffs' stock price to reach $7.91 in the next year. This suggests a possible upside of 13.8% from the stock's current price.
View analysts' price targets for 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), 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 Freeport-McMoRan (FCX), Bank of America (BAC), Rite Aid (RAD), Advanced Micro Devices (AMD), Micron Technology (MU), General Electric (GE), AK Steel (AKS), AT&T (T), Ford Motor (F) and Chesapeake Energy (CHKAQ).

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

Cleveland-Cliffs' stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (10.57%), Fisher Asset Management LLC (3.21%), LSV Asset Management (2.31%), Principal Financial Group Inc. (1.44%), Principal Financial Group Inc. (1.44%) and Bank of New York Mellon Corp (1.29%). 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, Charles Schwab Investment Management Inc., and Holocene Advisors LP.
View insider buying and selling activity for Cleveland-Cliffs.

CLF stock was purchased 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., Principal Financial Group Inc., Encompass Capital Advisors LLC, UBS Group AG, and Driehaus Capital 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, 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 $6.95.

Cleveland-Cliffs has a market capitalization of $2.77 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]