Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Cleveland-Cliffs (CLF) Stock Price

Press coverage about Cleveland-Cliffs (NYSE:CLF) has been trending somewhat positive on Thursday, Accern reports. The research group scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Cleveland-Cliffs earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned press coverage about the mining company an impact score of 46.0573886365211 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:

A number of brokerages recently weighed in on CLF. B. Riley restated a “buy” rating and issued a $11.00 price objective (up from $10.00) on shares of Cleveland-Cliffs in a report on Friday, January 5th. Goldman Sachs initiated coverage on shares of Cleveland-Cliffs in a report on Tuesday. They issued a “neutral” rating and a $8.00 price objective for the company. Credit Suisse Group upgraded shares of Cleveland-Cliffs from an “underperform” rating to an “outperform” rating in a research note on Wednesday, February 7th. ValuEngine lowered shares of Cleveland-Cliffs from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, Vertical Group upgraded shares of Cleveland-Cliffs from a “sell” rating to a “hold” rating in a research note on Friday, February 23rd. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $9.54.

Shares of Cleveland-Cliffs stock opened at $7.33 on Thursday. The firm has a market cap of $2,108.57, a price-to-earnings ratio of 5.96 and a beta of 1.48. The company has a debt-to-equity ratio of -5.19, a quick ratio of 2.80 and a current ratio of 3.42. Cleveland-Cliffs has a 12 month low of $5.56 and a 12 month high of $9.15.

Cleveland-Cliffs (NYSE:CLF) last issued its quarterly earnings data on Thursday, January 25th. The mining company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.11. Cleveland-Cliffs had a net margin of 16.09% and a negative return on equity of 35.81%. The firm had revenue of $600.90 million during the quarter, compared to the consensus estimate of $612.50 million. During the same quarter in the previous year, the firm posted $0.42 EPS. The company’s revenue for the quarter was down 20.3% compared to the same quarter last year. equities research analysts predict that Cleveland-Cliffs will post 1.21 earnings per share for the current year.

In other news, Director Susan Miranda Green sold 11,305 shares of the business’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $7.62, for a total transaction of $86,144.10. Following the completion of the sale, the director now owns 60,367 shares of the company’s stock, valued at approximately $459,996.54. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.89% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Cleveland-Cliffs (NYSE:CLF)

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