Cleveland-Cliffs (CLF) to Release Quarterly Earnings on Monday

Cleveland-Cliffs (NYSE:CLF - Get Free Report) is anticipated to post its quarterly earnings results 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. Individual interested in participating in the company's earnings conference call can do so using this link.

Cleveland-Cliffs Trading Down 5.3 %

Shares of Cleveland-Cliffs stock traded down $0.64 on Friday, reaching $11.35. The company had a trading volume of 13,195,951 shares, compared to its average volume of 16,864,252. The firm has a market cap of $5.60 billion, a price-to-earnings ratio of -11.70 and a beta of 1.96. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.85 and a quick ratio of 0.55. The firm's 50-day moving average price is $10.22 and its two-hundred day moving average price is $11.73. Cleveland-Cliffs has a 1 year low of $8.99 and a 1 year high of $22.97.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Glj Research upgraded Cleveland-Cliffs from a "sell" rating to a "buy" rating and set a $14.27 target price for the company in a report on Tuesday, January 7th. B. Riley reissued a "buy" rating on shares of Cleveland-Cliffs in a research note on Tuesday, February 4th. StockNews.com lowered Cleveland-Cliffs from a "hold" rating to a "sell" rating in a research note on Thursday, November 7th. Morgan Stanley decreased their price target on Cleveland-Cliffs from $13.00 to $11.00 and set an "equal weight" rating for the company in a research note on Monday, February 3rd. Finally, The Goldman Sachs Group started coverage on Cleveland-Cliffs in a research note on Monday, December 2nd. They set a "buy" rating and a $16.00 price target for the company. Three analysts have rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Cleveland-Cliffs presently has a consensus rating of "Hold" and a consensus price target of $16.68.

Cleveland-Cliffs Company Profile

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.