NYSE:CLFCleveland-Cliffs Stock Price, Forecast & News

Cleveland-Cliffs' stock was trading at $4.49 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CLF shares have increased by 22.0% and is now trading at $5.48.
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 Wednesday, October 28th 2020.
View our earnings forecast for Cleveland-Cliffs.

Cleveland-Cliffs Inc (NYSE:CLF) issued its quarterly earnings data on Thursday, July, 30th. The mining company reported ($0.31) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.51) by $0.20. The mining company earned $1.09 billion during the quarter, compared to analyst estimates of $1.07 billion. Cleveland-Cliffs had a negative net margin of 0.86% and a positive return on equity of 6.53%.
View Cleveland-Cliffs' earnings history.

Cleveland-Cliffs announced a quarterly dividend on Tuesday, February 18th. Shareholders 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 yield of 4.38%. The ex-dividend date is Thursday, April 2nd.
View Cleveland-Cliffs' dividend history.

Cleveland-Cliffs announced that its board has approved a stock buyback program on Monday, November 26th 2018, which allows the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 7.7% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board of directors believes its stock is undervalued.

9 brokers have issued 12-month target prices for Cleveland-Cliffs' stock. Their forecasts range from $4.00 to $12.00. On average, they anticipate Cleveland-Cliffs' stock price to reach $8.89 in the next twelve months. This suggests a possible upside of 62.2% from the stock's current price.
View analysts' price targets for Cleveland-Cliffs.

Press coverage about CLF stock has trended very positive on Saturday, according to InfoTrie. The research firm identifies positive and negative news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Cleveland-Cliffs earned a news impact score of 4.0 on InfoTrie's scale. They also gave news stories about the mining company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the immediate future.
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), 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).
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."

Cleveland-Cliffs' stock is owned by many different institutional and retail investors. Top institutional shareholders include Fisher Asset Management LLC (3.21%), LSV Asset Management (2.31%), Principal Financial Group Inc. (1.44%), Victory Capital Management Inc. (0.73%), UBS Group AG (0.37%) and SFE Investment Counsel (0.32%). 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, Hodges Capital Management Inc., Mutual of America Capital Management LLC, Raymond James & Associates, General American Investors Co. Inc., Oregon Public Employees Retirement Fund, 6 Meridian, and New York State Common Retirement Fund.
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., Principal Financial Group Inc., UBS Group AG, Centric Wealth Management, SFE Investment Counsel, Virtu Financial LLC, and SG Americas Securities 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 $5.48.

Cleveland-Cliffs has a market capitalization of $2.19 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]