Cleveland-Cliffs (CLF) Earns Media Impact Rating of 0.06

Press coverage about Cleveland-Cliffs (NYSE:CLF) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cleveland-Cliffs earned a media sentiment score of 0.06 on Accern’s scale. Accern also gave news stories about the mining company an impact score of 48.603995418579 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:

Shares of Cleveland-Cliffs opened at $8.61 on Monday, according to Marketbeat Ratings. The company has a current ratio of 3.32, a quick ratio of 2.37 and a debt-to-equity ratio of -4.76. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of 17.22 and a beta of 1.59. Cleveland-Cliffs has a 12-month low of $5.56 and a 12-month high of $9.15.

Cleveland-Cliffs (NYSE:CLF) last announced its earnings results on Friday, April 20th. The mining company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.13. The business had revenue of $239.00 million for the quarter, compared to analysts’ expectations of $177.93 million. Cleveland-Cliffs had a negative return on equity of 40.15% and a net margin of 15.12%. The business’s revenue for the quarter was down 48.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.16 EPS. equities research analysts expect that Cleveland-Cliffs will post 1.58 EPS for the current year.

CLF has been the topic of several research reports. Cowen restated a “market perform” rating and set a $9.00 price objective (up from $7.00) on shares of Cleveland-Cliffs in a report on Friday, January 26th. B. Riley restated a “buy” rating and set a $11.00 price objective on shares of Cleveland-Cliffs in a report on Friday, January 26th. ValuEngine downgraded Cleveland-Cliffs from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Credit Suisse Group upgraded Cleveland-Cliffs from an “underperform” rating to an “outperform” rating in a report on Wednesday, February 7th. Finally, Vertical Group upgraded Cleveland-Cliffs from a “sell” rating to a “hold” rating in a report on Friday, February 23rd. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Cleveland-Cliffs currently has a consensus rating of “Hold” and a consensus price target of $9.68.

In other Cleveland-Cliffs news, Director Eric M. Rychel acquired 5,000 shares of the stock in a transaction dated Friday, April 27th. The stock was purchased at an average price of $7.48 per share, with a total value of $37,400.00. Following the transaction, the director now directly owns 19,845 shares of the company’s stock, valued at $148,440.60. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Susan Miranda Green sold 11,305 shares of the firm’s stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $7.62, for a total value of $86,144.10. Following the completion of the sale, the director now directly owns 60,367 shares of the company’s stock, valued at approximately $459,996.54. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by company 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.

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

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