Media headlines about Cleveland-Cliffs (NYSE:CLF) have trended somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cleveland-Cliffs earned a daily sentiment score of 0.23 on Accern’s scale. Accern also assigned media headlines about the mining company an impact score of 45.9562590708134 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Cleveland-Cliffs Inc (CLF) Given Average Rating of “Hold” by Brokerages (americanbankingnews.com)
- Unusual Volume Activity Alert – Cleveland-Cliffs Inc. (CLF) – Wall Street Morning (wallstreetmorning.com)
- Analysts’ Recommendation in Spotlight – Cleveland-Cliffs Inc (NYSE: CLF) – Alpha Beta Stock (alphabetastock.com)
- Why Seaborne Iron Ore Prices Might Not Impact Cleveland-Cliffs Much (finance.yahoo.com)
- Insider Selling: Cleveland-Cliffs Inc (CLF) Director Sells 11,305 Shares of Stock (americanbankingnews.com)
Several equities research analysts have recently commented on CLF shares. B. Riley reissued a “buy” rating and issued a $11.00 price objective on shares of Cleveland-Cliffs in a report on Friday, January 26th. Credit Suisse Group raised Cleveland-Cliffs from an “underperform” rating to an “outperform” rating in a report on Wednesday, February 7th. Zacks Investment Research raised Cleveland-Cliffs from a “hold” rating to a “buy” rating and set a $8.75 price objective for the company in a report on Thursday, January 4th. Vertical Group raised Cleveland-Cliffs from a “sell” rating to a “hold” rating in a report on Friday, February 23rd. Finally, ValuEngine downgraded Cleveland-Cliffs from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. Cleveland-Cliffs presently has a consensus rating of “Hold” and an average price target of $9.79.
Cleveland-Cliffs (NYSE:CLF) last announced its quarterly earnings results on Thursday, January 25th. The mining company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.11. Cleveland-Cliffs had a negative return on equity of 35.81% and a net margin of 16.09%. The business had revenue of $600.90 million during the quarter, compared to the consensus estimate of $612.50 million. During the same quarter last year, the firm posted $0.42 EPS. The company’s quarterly revenue was down 20.3% on a year-over-year basis. equities research analysts expect that Cleveland-Cliffs will post 1.15 earnings per share for the current fiscal year.
In other Cleveland-Cliffs news, Director Susan Miranda Green sold 11,305 shares of the firm’s stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $7.62, for a total transaction of $86,144.10. Following the completion of the sale, the director now owns 60,367 shares of the company’s stock, valued at approximately $459,996.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.46% of the company’s stock.
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Cleveland-Cliffs Company Profile
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.
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