Cleveland-Cliffs (CLF) Getting Somewhat Favorable Press Coverage, Study Shows

News articles about Cleveland-Cliffs (NYSE:CLF) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cleveland-Cliffs earned a news impact score of 0.21 on Accern’s scale. Accern also gave headlines about the mining company an impact score of 45.8762064988705 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the news headlines that may have impacted Accern Sentiment’s scoring:

Shares of Cleveland-Cliffs (NYSE CLF) traded up $0.69 on Tuesday, hitting $7.90. The stock had a trading volume of 17,139,164 shares, compared to its average volume of 11,664,250. Cleveland-Cliffs has a fifty-two week low of $5.56 and a fifty-two week high of $12.37. The company has a debt-to-equity ratio of -2.03, a quick ratio of 1.18 and a current ratio of 1.89. The firm has a market cap of $2,340.00, a PE ratio of 12.34 and a beta of 1.59.

Cleveland-Cliffs (NYSE:CLF) last released its quarterly earnings results on Friday, October 20th. The mining company reported $0.36 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.06. The business had revenue of $698.00 million for the quarter, compared to analyst estimates of $669.25 million. Cleveland-Cliffs had a negative return on equity of 29.06% and a net margin of 5.48%. Cleveland-Cliffs’s revenue for the quarter was up 26.2% on a year-over-year basis. During the same period in the prior year, the company earned ($0.11) EPS. analysts anticipate that Cleveland-Cliffs will post 0.52 earnings per share for the current fiscal year.

CLF has been the subject of several recent analyst reports. B. Riley reiterated a “buy” rating and set a $10.00 price target on shares of Cleveland-Cliffs in a research note on Thursday, December 21st. FBR & Co reissued a “buy” rating and set a $10.00 price objective on shares of Cleveland-Cliffs in a research report on Friday, October 20th. Jefferies Group reissued a “buy” rating on shares of Cleveland-Cliffs in a research report on Monday, September 18th. Zacks Investment Research raised Cleveland-Cliffs from a “hold” rating to a “buy” rating and set a $8.25 price objective for the company in a research report on Tuesday, December 26th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Cleveland-Cliffs in a report on Tuesday, September 19th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. Cleveland-Cliffs presently has an average rating of “Hold” and an average price target of $8.88.

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About Cleveland-Cliffs

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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