Cleveland-Cliffs to buy back up to $200 million of stock [MarketWatch]
Cleveland-Cliffs Inc. (CLF)
Last cleveland-cliffs inc. earnings: 2/20 07:00 am
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clevelandcliffs.com/investors/overview/default.aspx
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Source: MarketWatch
Cleveland-Cliffs to buy back up to $200 million of stock Iron ore miner Cleveland-Cliffs Inc. CLF, -7.58% said Monday its board has approved a share buyback program of up to $200 million shares. "The disconnect between our strong profitability and the current volatility in the capital markets has created a highly accretive use of capital by buying back our own common shares," Chief Executive Lourenco Goncalves said in a statement. Shares rose 2.4% premarket and have gained 21.8% in 2018, while the S&P 500 SPX, -0.66% has fallen 1.5%. Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here.
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CLF
News
- Cleveland-Cliffs Inc. (NYSE: CLF) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Cleveland-Cliffs: Q1 Dip Provides Great Discount [Seeking Alpha]Seeking Alpha
- Cleveland-Cliffs Is A Long-Term Growth Strategy [Seeking Alpha]Seeking Alpha
- Cleveland-Cliffs (CLF) Earnings & Revenues Lag Estimates in Q1 [Yahoo! Finance]Yahoo! Finance
- Cleveland-Cliffs Inc. (NYSE: CLF) had its price target lowered by analysts at JPMorgan Chase & Co. from $24.00 to $23.00. They now have an "overweight" rating on the stock.MarketBeat
CLF
Earnings
- 4/22/24 - Miss
CLF
Sec Filings
- 4/25/24 - Form 10-Q
- 4/22/24 - Form 8-K
- 4/5/24 - Form 8-K
- CLF's page on the SEC website