Cleveland-Cliffs Inc. (CLF) EPS Estimated At $0.18

January 8, 2018 - By Peter Erickson

 Cleveland Cliffs Inc. (CLF) EPS Estimated At $0.18
Investors sentiment decreased to 0.01 in Q3 2017. Its down 1.10, from 1.11 in 2017Q2. It fall, as 191 investors sold Cleveland-Cliffs Inc. shares while 0 reduced holdings. 1 funds opened positions while 0 raised stakes. 81,846 shares or 99.95% less from 168.80 million shares in 2017Q2 were reported.
Peddock Advisors Ltd Liability Company reported 200 shares. Meridian Investment Counsel stated it has 19,390 shares or 0.08% of all its holdings. Kazazian Asset Mngmt Lc holds 0.11% or 12,114 shares in its portfolio. Focused Wealth Management has 11,300 shares for 0.03% of their portfolio. Vantage Lc accumulated 200 shares. Dreman Value Mgmt L L C accumulated 38,642 shares.

Analysts expect Cleveland-Cliffs Inc. (NYSE:CLF) to report $0.18 EPS on February, 8.They anticipate $0.23 EPS change or 56.10 % from last quarter’s $0.41 EPS. CLF’s profit would be $53.38 million giving it 11.29 P/E if the $0.18 EPS is correct. After having $0.36 EPS previously, Cleveland-Cliffs Inc.’s analysts see -50.00 % EPS growth. The stock increased 1.12% or $0.09 during the last trading session, reaching $8.13. About 8.63 million shares traded. Cleveland-Cliffs Inc. (NYSE:CLF) has risen 122.26% since January 8, 2017 and is uptrending. It has outperformed by 105.56% the S&P500.

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

Among 12 analysts covering Cliffs Natural Resources Inc (NYSE:CLF), 3 have Buy rating, 3 Sell and 6 Hold. Therefore 25% are positive. Cliffs Natural Resources Inc had 30 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Cleveland-Cliffs Inc. (NYSE:CLF) earned “Equal-Weight” rating by Morgan Stanley on Monday, November 14. FBR Capital maintained the stock with “Buy” rating in Tuesday, July 18 report. Macquarie Research downgraded Cleveland-Cliffs Inc. (NYSE:CLF) on Friday, January 8 to “Neutral” rating. The stock of Cleveland-Cliffs Inc. (NYSE:CLF) has “Outperform” rating given on Friday, April 28 by FBR Capital. The rating was upgraded by Macquarie Research on Friday, June 10 to “Outperform”. The rating was maintained by KeyBanc Capital Markets on Monday, November 20 with “Hold”. The company was maintained on Thursday, October 19 by KeyBanc Capital Markets. The firm has “Hold” rating given on Monday, August 31 by Vetr. The rating was downgraded by JP Morgan on Monday, October 23 to “Neutral”. The rating was initiated by Axiom Capital with “Sell” on Friday, August 21.

Cleveland-Cliffs Inc., a mining and natural resources company, produces and supplies iron ore. The company has market cap of $2.41 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 16.69 P/E ratio. It sells its products to integrated steel companies and steel producers in the United States and the Asia Pacific.

More important recent Cleveland-Cliffs Inc. (NYSE:CLF) news were published by: Businesswire.com which released: “Cleveland-Cliffs Inc. Announces Acquisition of Real Estate Interests in Itasca …” on December 11, 2017, also Seekingalpha.com published article titled: “The Case For Cleveland-Cliffs”, Seekingalpha.com published: “Cleveland-Cliffs: New Bond Issues Provides Leverage” on December 20, 2017. More interesting news about Cleveland-Cliffs Inc. (NYSE:CLF) was released by: Seekingalpha.com and their article: “Cleveland-Cliffs: Bullishness Misplaced” with publication date: December 12, 2017.

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