How Analysts Feel About Cleveland-Cliffs Inc. (NYSE:CLF)?

July 13, 2018 - By Eula Gilbert

Cleveland-Cliffs Inc. (NYSE:CLF) LogoInvestors sentiment decreased to 0.2 in Q1 2018. Its down 0.80, from 1 in 2017Q4. It fall, as 4 investors sold Cleveland-Cliffs Inc. shares while 1 reduced holdings. 1 funds opened positions while 0 raised stakes. 23,300 shares or 77.50% less from 103,571 shares in 2017Q4 were reported.
Florida-based Capital Wealth Planning Ltd Liability has invested 0.06% in Cleveland-Cliffs Inc. (NYSE:CLF). Focused Wealth Management invested in 11,300 shares or 0.03% of the stock.

Since March 6, 2018, it had 1 insider purchase, and 1 sale for $48,794 activity. $86,172 worth of Cleveland-Cliffs Inc. (NYSE:CLF) was sold by GREEN SUSAN MIRANDA.

Cleveland-Cliffs Inc. (NYSE:CLF) Ratings Coverage

Among 9 analysts covering Cleveland-Cliffs (NYSE:CLF), 5 have Buy rating, 1 Sell and 3 Hold. Therefore 56% are positive. Cleveland-Cliffs had 13 analyst reports since January 19, 2018 according to SRatingsIntel. Morgan Stanley maintained it with “Equal-Weight” rating and $8 target in Friday, June 29 report. The stock of Cleveland-Cliffs Inc. (NYSE:CLF) has “Sell” rating given on Wednesday, March 14 by Vertical Group. Vertical Group upgraded the stock to “Hold” rating in Friday, February 23 report. Morgan Stanley maintained the shares of CLF in report on Tuesday, April 24 with “Equal-Weight” rating. FBR Capital maintained the stock with “Buy” rating in Tuesday, April 17 report. The firm earned “Buy” rating on Wednesday, February 7 by Credit Suisse. Seaport Global initiated Cleveland-Cliffs Inc. (NYSE:CLF) on Wednesday, May 9 with “Buy” rating. The company was maintained on Friday, April 20 by Jefferies. The rating was maintained by Cowen & Co on Thursday, January 25 with “Hold”. Citigroup initiated Cleveland-Cliffs Inc. (NYSE:CLF) rating on Wednesday, June 6. Citigroup has “Buy” rating and $1100 target. Below is a list of Cleveland-Cliffs Inc. (NYSE:CLF) latest ratings and price target changes.

29/06/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $7.5 New Target: $8 Maintain
06/06/2018 Broker: Citigroup Rating: Buy New Target: $11.0000 Initiate
09/05/2018 Broker: Seaport Global Rating: Buy New Target: $10.0000 Initiate
24/04/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $7 New Target: $7.5 Maintain
20/04/2018 Broker: Jefferies Rating: Buy New Target: $9.5000 Maintain
17/04/2018 Broker: FBR Capital Rating: Buy New Target: $12.0000 Maintain
20/03/2018 Broker: Goldman Sachs Rating: Neutral New Target: $8 Initiates Coverage On
14/03/2018 Broker: Vertical Group Old Rating: Hold New Rating: Sell Downgrade
23/02/2018 Broker: Vertical Group Old Rating: Sell New Rating: Hold Upgrade
07/02/2018 Broker: Credit Suisse Rating: Buy New Target: $9.0 Upgrade

The stock increased 0.72% or $0.06 during the last trading session, reaching $8.4. About 4.46M shares traded. Cleveland-Cliffs Inc. (NYSE:CLF) has risen 31.89% since July 13, 2017 and is uptrending. It has outperformed by 19.32% the S&P500.

Cleveland-Cliffs Inc., a mining and natural resources company, produces and supplies iron ore. The company has market cap of $2.50 billion. The firm operates four iron ore mines in Michigan and Minnesota; and Koolyanobbing iron ore mining complex located in Western Australia. It has a 8.13 P/E ratio. It sells its products to integrated steel companies and steel producers in the United States and the Asia Pacific.

Another recent and important Cleveland-Cliffs Inc. (NYSE:CLF) news was published by Seekingalpha.com which published an article titled: “Cleveland-Cliffs: The CEO Is Right” on June 29, 2018.

Cleveland-Cliffs Inc. (NYSE:CLF) Ratings Chart

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