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Cleveland-Cliffs Inc (CLF) Receives a Buy from Citigroup


Citigroup analyst Daniel Knauff maintained a Buy rating on Cleveland-Cliffs Inc (CLF) today and set a price target of $13. The company’s shares opened today at $9.59.

According to TipRanks.com, Knauff is ranked #4063 out of 5134 analysts.

Currently, the analyst consensus on Cleveland-Cliffs Inc is a Moderate Buy with an average price target of $11.94.

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Based on Cleveland-Cliffs Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $438 million. In comparison, last year the company had a net profit of $53.4 million.

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Cleveland-Cliffs, Inc. operates as a mining and natural resources company, which engages in the exploration of iron ore and metallurgical coal. It serves the North American steel industry from its mines and pellet plants located in Michigan and Minnesota.