Cleveland-Cliffs (CLF) Earns Daily Coverage Optimism Rating of 0.22
News coverage about Cleveland-Cliffs (NYSE:CLF) has been trending somewhat positive recently, according to Accern. The research firm rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cleveland-Cliffs earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave news articles about the mining company an impact score of 46.0977867345174 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have impacted Accern Sentiment’s analysis:
- Cleveland-Cliffs Has A Bullish Technical Setup (msn.com)
- Cleveland-Cliffs Inc (CLF) Files 10-K for the Fiscal Year Ended on December 31, 2017 (finance.yahoo.com)
- Cleveland-Cliffs Inc (CLF) Receives Average Recommendation of “Hold” from Brokerages (americanbankingnews.com)
- Analysts Anticipate Cleveland-Cliffs Inc (CLF) to Post -$0.20 EPS (americanbankingnews.com)
- Short Interest in Cleveland-Cliffs Inc (CLF) Declines By 13.8% (americanbankingnews.com)
Several brokerages recently commented on CLF. Vertical Group began coverage on Cleveland-Cliffs in a research report on Friday, January 19th. They set a “sell” rating for the company. Zacks Investment Research cut Cleveland-Cliffs from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. B. Riley reissued a “buy” rating and set a $11.00 price target (up from $10.00) on shares of Cleveland-Cliffs in a research report on Friday, January 5th. Cowen reaffirmed a “market perform” rating and issued a $9.00 price objective (up from $7.00) on shares of Cleveland-Cliffs in a research report on Friday, January 26th. Finally, FBR & Co reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Cleveland-Cliffs in a research report on Friday, October 20th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $9.63.
Cleveland-Cliffs (NYSE:CLF) last released its quarterly earnings data on Thursday, January 25th. The mining company reported $0.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.11. Cleveland-Cliffs had a negative return on equity of 35.92% and a net margin of 16.09%. The company had revenue of $600.90 million during the quarter, compared to analysts’ expectations of $612.50 million. During the same period last year, the firm posted $0.42 earnings per share. The business’s revenue was down 20.3% on a year-over-year basis. sell-side analysts anticipate that Cleveland-Cliffs will post 1.02 EPS for the current year.
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.
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