Cleveland-Cliffs (CLF) Projected to Post Quarterly Earnings on Monday

Cleveland-Cliffs (NYSE:CLF) is expected 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 interested in participating in the company’s conference call can do so using this link.

Cleveland-Cliffs Stock Performance

NYSE CLF opened at $11.49 on Monday. The company has a quick ratio of 0.55, a current ratio of 1.85 and a debt-to-equity ratio of 0.53. Cleveland-Cliffs has a 52-week low of $8.99 and a 52-week high of $22.97. The business’s 50-day moving average price is $10.19 and its 200 day moving average price is $11.78. The firm has a market cap of $5.67 billion, a P/E ratio of -11.84 and a beta of 1.96.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CLF shares. Morgan Stanley lowered their price objective on Cleveland-Cliffs from $13.00 to $11.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. The Goldman Sachs Group started coverage on Cleveland-Cliffs in a report on Monday, December 2nd. They issued a “buy” rating and a $16.00 price objective on the stock. Glj Research raised Cleveland-Cliffs from a “sell” rating to a “buy” rating and set a $14.27 price objective on the stock in a report on Tuesday, January 7th. Citigroup lowered their price objective on Cleveland-Cliffs from $12.50 to $11.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. Finally, StockNews.com lowered Cleveland-Cliffs from a “hold” rating to a “sell” rating in a report on Thursday, November 7th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Cleveland-Cliffs presently has an average rating of “Hold” and an average target price 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.