Macquarie: Cleveland-Cliffs (CLF) Coverage Initiated.

June 27, 2018 - By Ronnie Lemelle

Cleveland-Cliffs Inc. (NYSE:CLF) Corporate Logo

During Q1 2018 the big money sentiment decreased to 0.2. That’s change of 0.80, from 2017Q4’s 1. 4 investors sold all, 1 reduced holdings as Cleveland-Cliffs Inc. ratio worsened. 0 rose holdings while 1 funds bought holdings. Funds hold 23,300 shares thus 77.50% less from 2017Q4’s 103,571 shares.

Focused Wealth Mngmt reported 0.03% in Cleveland-Cliffs Inc. (NYSE:CLF). Cap Wealth Planning Limited Liability Corporation invested in 0.06% or 12,000 shs.

Cleveland-Cliffs Inc. registered $48,794 net activity with 1 buying transaction and 1 sale since March 6, 2018. On Tuesday, March 6 Shares for $86,172 were sold by GREEN SUSAN MIRANDA.

What’s Macquarie’s Current Rate of Cleveland-Cliffs (CLF)

With Outperform rating on Cleveland-Cliffs (CLF), Macquarie has initiated coverage of CLF’s shares on Tuesday, 26 June.

The stock increased 1.55% or $0.13 during the last trading session, touching $8.53.Currently Cleveland-Cliffs Inc. is uptrending after 31.89% change in last June 27, 2017. CLF has 8.99M shares volume. CLF outperformed the S&P 500 by 19.32%.

On July, 26 is expected Cleveland-Cliffs Inc. (NYSE:CLF)’s earnings report, RTT reports. This year’s EPS analyst estimate is expected to be $0.53. That is 103.85 % up compareed to $0.26 EPS for last year. CLF’s profit could hit $157.82M if the current EPS of $0.53 is accurate. Wall Street now forecasts -762.50 % EPS growth despite Cleveland-Cliffs Inc. last quarter’s EPS of $-0.08.

Cleveland-Cliffs Inc. operates as an iron ore mining firm in the United States.The firm is valued at $2.54 billion. The firm operates four iron ore mines in Michigan and Minnesota; and Koolyanobbing iron ore mining complex located in Western Australia.8.26 is the P/E ratio. It sells its products to integrated steel companies and steel producers in the United States and the Asia Pacific.

More recent Cleveland-Cliffs Inc. (NYSE:CLF) news were brought out by Globenewswire.com, Seekingalpha.com and Seekingalpha.com. The first one has “Market Trends Toward New Normal in Tredegar, Express, Cleveland-Cliffs, SJW, Preformed Line Products, and Xcel …” as a title and was brought out on June 25, 2018. The next is “Cleveland-Cliffs Sells Australian Assets” on June 12, 2018. And last was brought out on May 31, 2018, called “Cleveland-Cliffs: Too Cheap To Ignore Valuation Update”.

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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.