B. Riley analyst Lucas Pipes lowered the firm’s price target on Cleveland-Cliffs (CLF) to $20 from $21 and keeps a Buy rating on the shares. Benchmark premium low volume coking coal prices were unchanged week over week, closing Friday at $186.25/Mt, and B. Riley estimates the met coal group is trading at 2025 and 2026 free cash flow yields of 2.1% for both years, on average, at spot, the analyst tells investors in a research note.
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