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 declared a quarterly dividend on Friday, May 31st. Investors of record on Friday, July 5th will be given a dividend of $0.06 per share on Monday, July 15th. This represents a $0.24 dividend on an annualized basis and a yield of 2.94%. 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 declared that its Board of Directors has approved a stock repurchase plan on Monday, November 26th 2018, which allows the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 7.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board believes its shares are undervalued.

Cleveland-Cliffs Inc (NYSE:CLF) posted its quarterly earnings data on Friday, July, 19th. The mining company reported $0.63 earnings per share (EPS) for the quarter, beating the 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 net margin of 50.72% and a return on equity of 238.16%. Cleveland-Cliffs's quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter last 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 equities research analysts have issued 1 year price targets for Cleveland-Cliffs' stock. Their predictions range from $5.00 to $17.00. On average, they expect Cleveland-Cliffs' stock price to reach $12.6250 in the next twelve months. This suggests a possible upside of 54.7% 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.

News coverage about CLF stock has been trending negative this week, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring 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 closest to five being the most favorable. Cleveland-Cliffs earned a media sentiment score of -2.3 on InfoTrie's scale. They also assigned media headlines about the mining company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the immediate future. 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 variety of of retail and institutional investors. Top institutional shareholders 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 purchased 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., Fisher Asset Management LLC, Heartland Advisors Inc., Scion Asset Management LLC and JHL Capital Group 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 $8.16.

Cleveland-Cliffs has a market capitalization of $2.20 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]