Cleveland-Cliffs Inc (CLF) receives the average rating of "Hold" brokerage firms

Cleveland-Cliffs Inc. shares (NYSE: CLF) earned an average "hold" recommendation from nineteen brokerage firms that cover The company, reports MarketBeat Four research analysts have rated the stock with a sales recommendation, five assigned a retainer recommendation and nine assigned a purchase recommendation to the company.The average price target of one year among the brokers who have hedged the stock in Several analysts have recently looked at CLF's shares: Zacks Investment Research has put Cleveland-Cliffs from a "hold" rating to a "strong-buy" rating and set a price $ 9,75 target for the company in a On Wednesday, May 9, Seaport Global Securities launched a Cleveland-Cliffs hedge in a research note setting a "buy" rating and a target price of $ 10.00 for the company . land-Cliffs in a research note on Wednesday, June 6th. They set a "buy" rating and a target price of $ 11.00 for the company. Morgan Stanley increased its target price on Cleveland-Cliffs from $ 7.00 to $ 7.50 and awarded the company a rating of "equal weight" in a research note on Tuesday, April 24th. Finally, Clarkson Capital passed Cleveland-Cliffs from a "neutral" rating to a "buy" note and increased its target price from $ 7.00 to $ 11.00 in a research note on Monday, April 23 .

Eric M. Rychel acquired 5,000 Cleveland-Cliffs shares during a transaction on Friday, April 27. The stock was purchased at an average price of $ 7.48 per share, for a total transaction of $ 37,400.00. As a result of the transaction, the director now holds 19,845 shares of the company, valued at $ 148,440.60. The purchase was disclosed in a deposit with the SEC, which is available at this hyperlink. 0.89% of the stock is currently held by insiders of the company.

Several hedge funds have recently changed their position in the company. Aperio Group LLC raised its position in Cleveland-Cliffs shares by 17.6% in the first quarter. Aperio Group LLC now holds 53,470 shares of the mining company worth $ 372,000 after acquiring 7,984 additional shares during the period. Moors & Cabot Inc. increased its position in Cleveland-Cliffs by 74.9% in the first quarter. Moors & Cabot Inc. now holds 18,795 shares of the $ 131,000 mining company after acquiring 8,050 additional shares during the period. Xact Kapitalforvaltning AB lifted its position in Cleveland-Cliffs shares by 29.9% in the first quarter. Xact Kapitalforvaltning AB now owns 38,689 shares of the mining company worth $ 269,000 after acquiring 8,900 additional shares during the period. Northern Trust Corp increased its holdings of Cleveland-Cliffs by 0.4% in the first quarter. Northern Trust Corp now holds 3,525,249 shares in the mining company valued at $ 24,501,000 after purchasing an additional 13,074 shares in the last quarter. Finally, Cetera Advisor Networks LLC increased its equity holdings in Cleveland-Cliffs by 132.7% in the first quarter. Cetera Advisor Networks LLC now holds 23,583 mining company shares worth $ 164,000 after purchasing an additional 13,447 shares in the last quarter. Institutional investors own 65.02% of the company's shares.

NYSE CLF shares traded up $ 0.06 during the day on Friday to $ 8.40. 4,471,481 shares of the company were traded, compared to an average volume of 7,852,760. The company has a debt ratio of -4.76, a ratio of 2.37 and a ratio of 3.32. The company has a market capitalization of $ 2.46 billion, a price / earnings ratio of 16.80 and a beta of 1.63. Cleveland-Cliffs has a minimum of fifty-two weeks of $ 5.60 and a fifty-two week high of $ 9.15.

Cleveland-Cliffs (NYSE: CLF) announced its results on Friday, April 20th. The mining company reported ($ 0.08) earnings per share for the quarter, surpassing the consensus estimate of ($ 0.21) of $ 0.13. Cleveland-Cliffs had a negative return on equity of 40.15% and a net margin of 15.12%. The company achieved a turnover of $ 239.00 million during the quarter, against a consensus estimate of $ 177.93 million. In the same quarter of the previous year, the company earned $ 0.16 per share. The business turnover of the business for the quarter is down 48.2% over the same quarter of last year. Equity research analysts expect Cleveland-Cliffs to post 1.64 earnings per share for the current year.

About Cleveland-Cliffs

Cleveland-Cliffs Inc. operates an iron ore mining company in the United States. The company operates four iron ore mines in Michigan and Minnesota; and the Koolyanobbing iron ore mining complex in Western Australia. It sells its products to integrated steel companies and steel producers in the United States and Asia-Pacific.

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