Media coverage about Cleveland-Cliffs (NYSE:CLF) has been trending somewhat positive this week, according to Accern. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cleveland-Cliffs earned a news sentiment score of 0.24 on Accern’s scale. Accern also assigned headlines about the mining company an impact score of 45.5290874304232 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the headlines that may have effected Accern’s rankings:
Cleveland-Cliffs (CLF) opened at $7.97 on Wednesday. The company has a current ratio of 3.42, a quick ratio of 2.80 and a debt-to-equity ratio of -5.19. The stock has a market capitalization of $2,370.00, a P/E ratio of -88.56 and a beta of 1.48. Cleveland-Cliffs has a 52-week low of $5.56 and a 52-week high of $10.08.
Cleveland-Cliffs (NYSE:CLF) last issued its quarterly earnings data on Thursday, January 25th. The mining company reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.11. The business had revenue of $600.90 million during the quarter, compared to the consensus estimate of $612.50 million. Cleveland-Cliffs had a negative return on equity of 35.81% and a net margin of 16.09%. The business’s revenue was down 20.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.42 earnings per share. research analysts anticipate that Cleveland-Cliffs will post 1.04 EPS for the current year.
A number of equities analysts have commented on the company. Cowen restated a “market perform” rating and issued a $9.00 target price (up from $7.00) on shares of Cleveland-Cliffs in a research note on Friday, January 26th. B. Riley restated a “buy” rating and issued a $10.00 target price on shares of Cleveland-Cliffs in a research note on Thursday, December 21st. KeyCorp restated a “hold” rating on shares of Cleveland-Cliffs in a research note on Friday, November 24th. ValuEngine downgraded Cleveland-Cliffs from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Zacks Investment Research downgraded Cleveland-Cliffs from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. Cleveland-Cliffs has an average rating of “Hold” and an average price target of $9.79.
Cleveland-Cliffs Inc, formerly Cliffs Natural Resources Inc, is a mining and natural resources company. The Company is a supplier of iron ore pellets to the North American steel industry from its mines and pellet plants located in Michigan and Minnesota. The Company’s segments include U.S. Iron Ore and Asia Pacific Iron Ore.