News stories about Cleveland-Cliffs (NYSE:CLF) have been trending somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Cleveland-Cliffs earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned media headlines about the mining company an impact score of 46.3092577389783 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news headlines that may have effected Accern Sentiment’s rankings:
- ValuEngine Downgrades Cleveland-Cliffs (CLF) to Hold (americanbankingnews.com)
- Cleveland-Cliffs (CLF) Rating Lowered to Sell at Zacks Investment Research (americanbankingnews.com)
- Short Interest in Cleveland-Cliffs Inc. (CLF) Rises By 10.5% (americanbankingnews.com)
- Cleveland-Cliffs (CLF) Upgraded to Buy at ValuEngine (americanbankingnews.com)
- Cleveland-Cliffs (CLF) Lifted to C at TheStreet (americanbankingnews.com)
A number of research firms have issued reports on CLF. B. Riley restated a “buy” rating and set a $11.00 price target (up from $10.00) on shares of Cleveland-Cliffs in a research note on Friday, January 5th. Goldman Sachs began coverage on Cleveland-Cliffs in a research note on Tuesday, March 20th. They set a “neutral” rating and a $8.00 price target for the company. Credit Suisse Group upgraded Cleveland-Cliffs from an “underperform” rating to an “outperform” rating in a research note on Wednesday, February 7th. ValuEngine downgraded Cleveland-Cliffs from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, Vertical Group upgraded Cleveland-Cliffs from a “sell” rating to a “hold” rating in a research note on Friday, February 23rd. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $9.54.
Cleveland-Cliffs (NYSE:CLF) last posted its quarterly earnings data on Thursday, January 25th. The mining company reported $0.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.11. Cleveland-Cliffs had a negative return on equity of 35.81% and a net margin of 16.09%. The firm had revenue of $600.90 million for the quarter, compared to analysts’ expectations of $612.50 million. During the same period in the previous year, the firm earned $0.42 EPS. The business’s quarterly revenue was down 20.3% on a year-over-year basis. equities analysts forecast that Cleveland-Cliffs will post 1.31 earnings per share for the current fiscal year.
In other news, Director Susan Miranda Green sold 11,305 shares of Cleveland-Cliffs stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $7.62, for a total transaction of $86,144.10. Following the transaction, the director now directly owns 60,367 shares of the company’s stock, valued at approximately $459,996.54. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.89% of the stock is owned by insiders.
Cleveland-Cliffs Company Profile
Cleveland-Cliffs Inc operates as an iron ore mining company in the United States. The company operates four iron ore mines in Michigan and Minnesota; and Koolyanobbing iron ore mining complex located in Western Australia. It sells its products to integrated steel companies and steel producers in the United States and the Asia Pacific.
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