Cleveland-Cliffs (CLF) to Release Earnings on Monday

Cleveland-Cliffs (NYSE:CLF) is anticipated to release its earnings data after the market closes on Monday, February 24th. Analysts expect Cleveland-Cliffs to post earnings of ($0.64) per share and revenue of $4.46 billion for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Cleveland-Cliffs Stock Performance

CLF stock opened at $11.35 on Friday. The firm has a market cap of $5.60 billion, a PE ratio of -11.70 and a beta of 1.96. The company has a current ratio of 1.85, a quick ratio of 0.55 and a debt-to-equity ratio of 0.53. The stock has a 50-day moving average price of $10.22 and a 200-day moving average price of $11.73. Cleveland-Cliffs has a 1-year low of $8.99 and a 1-year high of $22.97.

Wall Street Analyst Weigh In

Several research analysts have issued reports on CLF shares. Morgan Stanley cut their price target on Cleveland-Cliffs from $13.00 to $11.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. Citigroup cut their target price on Cleveland-Cliffs from $12.50 to $11.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. The Goldman Sachs Group started coverage on shares of Cleveland-Cliffs in a research report on Monday, December 2nd. They issued a “buy” rating and a $16.00 price target for the company. StockNews.com downgraded shares of Cleveland-Cliffs from a “hold” rating to a “sell” rating in a report on Thursday, November 7th. Finally, Glj Research upgraded shares of Cleveland-Cliffs from a “sell” rating to a “buy” rating and set a $14.27 price objective for the company in a report on Tuesday, January 7th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $16.68.

About Cleveland-Cliffs

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.