Cleveland-Cliffs (CLF) to Release Earnings on Monday

Cleveland-Cliffs (NYSE:CLF) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of ($0.28) per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Cleveland-Cliffs Stock Performance

NYSE:CLF opened at $13.26 on Friday. The company has a market capitalization of $6.21 billion, a price-to-earnings ratio of 189.60 and a beta of 1.98. The business has a 50 day moving average of $12.68 and a 200 day moving average of $14.85. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.87 and a quick ratio of 0.60. Cleveland-Cliffs has a 1-year low of $10.21 and a 1-year high of $22.97.

Analysts Set New Price Targets

CLF has been the topic of several recent research reports. Citigroup reduced their target price on shares of Cleveland-Cliffs from $18.00 to $12.50 and set a “neutral” rating on the stock in a report on Tuesday, September 10th. Morgan Stanley reduced their price objective on Cleveland-Cliffs from $15.00 to $13.50 and set an “equal weight” rating on the stock in a research note on Wednesday, September 18th. Finally, Seaport Res Ptn upgraded Cleveland-Cliffs from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 27th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $17.56.

Cleveland-Cliffs Company Profile

Cleveland-Cliffs is the largest flat-rolled steel company and the largest iron ore pellet producer in North America. The company is vertically integrated from mining through iron making, steelmaking, rolling, finishing and downstream with hot and cold stamping of steel parts and components. The company was formerly known as Cliffs Natural Resources Inc and changed its name to Cleveland-Cliffs Inc in August 2017.