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Cleveland-Cliffs (CLF) Gets a Hold from Wells Fargo

Tipranks - Tipranks - Tue Aug 25, 5:44AM CDT

In a report released today, Timna Tanners from Wells Fargo maintained a Hold rating on Cleveland-Cliffs, with a price target of $12.00.

55% Off TipRanks

According to TipRanks, Tanners is a 4-star analyst with an average return of 4.0% and a 53.26% success rate. Tanners covers the Basic Materials sector, focusing on stocks such as Nucor, Cleveland-Cliffs, and Alcoa.

Currently, the analyst consensus on Cleveland-Cliffs is a Hold with an average price target of $11.96.

See the top stocks recommended by analysts >>

Based on Cleveland-Cliffs’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $5.23 billion and a GAAP net loss of $145 million. In comparison, last year the company earned a revenue of $4.93 billion and had a GAAP net loss of $483 million

Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CLF in relation to earlier this year.

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