Cleveland-Cliffs (NYSE:CLF - Get Free Report) is projected to issue 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 that wish to register for the company's conference call can do so using this link.
Cleveland-Cliffs stock opened at $11.49 on Monday. Cleveland-Cliffs has a twelve month low of $8.99 and a twelve month high of $22.97. The stock's fifty day simple moving average is $10.19 and its 200-day simple moving average is $11.78. 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 capitalization of $5.67 billion, a P/E ratio of -11.84 and a beta of 1.96.
CLF has been the topic of a number of recent research reports. Morgan Stanley cut their price objective on Cleveland-Cliffs from $13.00 to $11.00 and set an "equal weight" rating on the stock in a research report on Monday, February 3rd. The Goldman Sachs Group initiated coverage on Cleveland-Cliffs in a report on Monday, December 2nd. They issued a "buy" rating and a $16.00 target price on the stock. Glj Research raised Cleveland-Cliffs from a "sell" rating to a "buy" rating and set a $14.27 target price on the stock in a report on Tuesday, January 7th. StockNews.com lowered Cleveland-Cliffs from a "hold" rating to a "sell" rating in a report on Thursday, November 7th. Finally, Citigroup dropped their target price on Cleveland-Cliffs from $12.50 to $11.00 and set a "neutral" rating on the stock in a report on Thursday, December 19th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $16.68.
Check Out Our Latest Analysis on 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.
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