Headlines about Cleveland-Cliffs (NYSE:CLF) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cleveland-Cliffs earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned news headlines about the mining company an impact score of 45.5162468752924 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the headlines that may have effected Accern’s scoring:
- Today’s Research Reports on Trending Tickers: Cleveland-Cliffs and Freeport-McMoRan (finance.yahoo.com)
- Analytics for Industry Group Rank Keep Cleveland-Cliffs (CLF) a Sell (investorplace.com)
- Zacks: Analysts Anticipate Cleveland-Cliffs Inc (CLF) Will Announce Quarterly Sales of $649.85 Million (americanbankingnews.com)
- Notable Thursday Option Activity: YELP, OMC, CLF (nasdaq.com)
- FY2017 EPS Estimates for Cleveland-Cliffs Inc Raised by Jefferies Group (CLF) (americanbankingnews.com)
A number of equities analysts have recently commented on the stock. B. Riley reissued a “buy” rating and issued a $11.00 target price (up previously from $10.00) on shares of Cleveland-Cliffs in a research note on Friday, January 5th. Zacks Investment Research downgraded shares of Cleveland-Cliffs from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. ValuEngine downgraded shares of Cleveland-Cliffs from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. FBR & Co reissued a “buy” rating and issued a $10.00 target price on shares of Cleveland-Cliffs in a research note on Friday, October 20th. Finally, KeyCorp reissued a “hold” rating on shares of Cleveland-Cliffs in a research note on Tuesday, September 19th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. Cleveland-Cliffs has a consensus rating of “Hold” and an average price target of $8.82.
Cleveland-Cliffs (CLF) traded down $0.13 during trading on Friday, reaching $8.68. 18,652,442 shares of the company traded hands, compared to its average volume of 14,719,867. Cleveland-Cliffs has a 12-month low of $5.56 and a 12-month high of $12.37. The stock has a market cap of $2,570.00, a P/E ratio of 13.56 and a beta of 1.61. The company has a debt-to-equity ratio of -2.03, a current ratio of 1.89 and a quick ratio of 1.18.
Cleveland-Cliffs (NYSE:CLF) last released its quarterly earnings results on Friday, October 20th. The mining company reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.06. Cleveland-Cliffs had a net margin of 5.48% and a negative return on equity of 29.06%. The firm had revenue of $698.00 million for the quarter, compared to the consensus estimate of $669.25 million. During the same quarter in the previous year, the firm posted ($0.11) EPS. The firm’s quarterly revenue was up 26.2% on a year-over-year basis. sell-side analysts predict that Cleveland-Cliffs will post 0.52 earnings per share for the current year.
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Cleveland-Cliffs Company Profile
Cleveland-Cliffs Inc, formerly Cliffs Natural Resources Inc, is a mining and natural resources company. The Company is a supplier of iron ore pellets to the North American steel industry from its mines and pellet plants located in Michigan and Minnesota. The Company’s segments include U.S. Iron Ore and Asia Pacific Iron Ore.
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