B. Riley set a $10.00 price target on Cleveland-Cliffs Inc. (NYSE:CLF) in a research report sent to investors on Friday. The brokerage currently has a buy rating on the mining company’s stock.

CLF has been the subject of a number of other reports. ValuEngine lowered shares of Cleveland-Cliffs from a strong-buy rating to a buy rating in a report on Friday, September 1st. BidaskClub lowered shares of Cleveland-Cliffs from a buy rating to a hold rating in a report on Tuesday, July 25th. Zacks Investment Research lowered shares of Cleveland-Cliffs from a buy rating to a hold rating in a report on Tuesday, October 3rd. Axiom Securities reaffirmed a sell rating on shares of Cleveland-Cliffs in a report on Tuesday, July 25th. Finally, TheStreet raised shares of Cleveland-Cliffs from a d+ rating to a c rating in a report on Monday, July 31st. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. Cleveland-Cliffs currently has an average rating of Hold and a consensus target price of $8.97.

Shares of Cleveland-Cliffs (NYSE CLF) opened at $6.17 on Friday. The stock has a market cap of $1,830.00, a P/E ratio of 6.66 and a beta of 1.58. Cleveland-Cliffs has a fifty-two week low of $5.56 and a fifty-two week high of $12.37. The company has a quick ratio of 1.18, a current ratio of 1.89 and a debt-to-equity ratio of -2.03.

Cleveland-Cliffs (NYSE:CLF) last released its 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. The firm had revenue of $698.00 million during the quarter, compared to analysts’ expectations of $669.25 million. The company’s revenue was up 26.2% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.11) earnings per share. analysts predict that Cleveland-Cliffs will post 0.49 earnings per share for the current fiscal year.

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In related news, Chairman Lourenco Goncalves purchased 100,000 shares of the stock in a transaction that occurred on Friday, September 15th. The stock was bought at an average cost of $7.11 per share, for a total transaction of $711,000.00. Following the completion of the transaction, the chairman now directly owns 3,586,970 shares in the company, valued at $25,503,356.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.46% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of CLF. Nuveen Asset Management LLC lifted its position in Cleveland-Cliffs by 1.2% in the first quarter. Nuveen Asset Management LLC now owns 13,974 shares of the mining company’s stock worth $115,000 after buying an additional 164 shares during the last quarter. Comerica Bank lifted its position in Cleveland-Cliffs by 49.5% in the second quarter. Comerica Bank now owns 15,493 shares of the mining company’s stock worth $116,000 after buying an additional 5,129 shares during the last quarter. ARP Americas LLC lifted its position in Cleveland-Cliffs by 72.5% in the second quarter. ARP Americas LLC now owns 17,600 shares of the mining company’s stock worth $122,000 after buying an additional 7,400 shares during the last quarter. D.A. Davidson & CO. lifted its position in Cleveland-Cliffs by 486.8% in the second quarter. D.A. Davidson & CO. now owns 18,597 shares of the mining company’s stock worth $128,000 after buying an additional 15,428 shares during the last quarter. Finally, Moors & Cabot Inc. bought a new stake in Cleveland-Cliffs in the second quarter worth $128,000. Institutional investors own 61.33% of the company’s stock.

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.

Analyst Recommendations for Cleveland-Cliffs (NYSE:CLF)

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