Cleveland-Cliffs (NYSE:CLF - Get Free Report) is expected to be issuing its quarterly earnings data after the market closes on Monday, February 24th. Analysts expect the company to announce earnings of ($0.56) per share and revenue of $4.46 billion for the quarter. Parties interested in participating in the company's conference call can do so using this link.
Cleveland-Cliffs Stock Performance
CLF traded up $0.13 on Thursday, hitting $11.98. 10,505,005 shares of the company's stock were exchanged, compared to its average volume of 16,142,095. Cleveland-Cliffs has a twelve month low of $8.99 and a twelve month high of $22.97. 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 firm has a market cap of $5.91 billion, a PE ratio of -12.35 and a beta of 1.96. The stock has a fifty day moving average of $10.19 and a two-hundred day moving average of $11.74.
Wall Street Analysts Forecast Growth
CLF has been the subject of several recent analyst reports. Morgan Stanley decreased their target price on shares of Cleveland-Cliffs from $13.00 to $11.00 and set an "equal weight" rating for the company in a research report on Monday, February 3rd. Citigroup decreased their target price on shares of Cleveland-Cliffs from $12.50 to $11.00 and set a "neutral" rating for the company in a research report on Thursday, December 19th. The Goldman Sachs Group initiated coverage on shares of Cleveland-Cliffs in a research report on Monday, December 2nd. They issued a "buy" rating and a $16.00 target price for the company. StockNews.com cut shares of Cleveland-Cliffs from a "hold" rating to a "sell" rating in a research 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 target price for the company in a research report on Tuesday, January 7th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Cleveland-Cliffs has a consensus rating of "Hold" and a consensus target price of $16.68.
Read Our Latest Report on Cleveland-Cliffs
About Cleveland-Cliffs
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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.
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