Cleveland-Cliffs (CLF) to Release Earnings on Monday

Cleveland-Cliffs (NYSE:CLF) is set to release its earnings data after the market closes on Monday, November 4th. Analysts expect Cleveland-Cliffs to post earnings of ($0.28) per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Cleveland-Cliffs Stock Up 2.2 %

CLF opened at $13.27 on Friday. The business’s fifty day simple moving average is $12.68 and its 200 day simple moving average is $14.79. Cleveland-Cliffs has a 52 week low of $10.21 and a 52 week high of $22.97. The firm has a market cap of $6.21 billion, a P/E ratio of 189.60 and a beta of 1.98. The company has a quick ratio of 0.60, a current ratio of 1.87 and a debt-to-equity ratio of 0.48.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Morgan Stanley cut their price objective on shares of Cleveland-Cliffs from $15.00 to $13.50 and set an “equal weight” rating on the stock in a report on Wednesday, September 18th. Citigroup dropped their price target on shares of Cleveland-Cliffs from $18.00 to $12.50 and set a “neutral” rating for the company in a research report on Tuesday, September 10th. Finally, Seaport Res Ptn upgraded shares of Cleveland-Cliffs from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 27th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Cleveland-Cliffs presently has a consensus rating of “Hold” and a consensus target price of $17.56.

About Cleveland-Cliffs

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.