Stock Price of Cliffs Natural Resources Inc. (CLF) Increases 26.85%

Henrietta Brewer
February 14, 2017

Chesapeake Energy Corporation (NYSE:CHK) went up 1.11% during trading on the U.S. exchange when it had traded 29.27M shares.

In the fourth quarter, the company reported EPS of 34 cents, exceeding the estimates by 11 cents.

David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Cliffs Natural Resources wasn't one of them! Cliffs Natural Resources's revenue was up 58.4% on a year-over-year basis. The companys revenue was up 58.4% compared to the same quarter previous year.

Several brokerages recently issued reports on CLF. 7 Analysts think that the Price Target for Cliffs Natural Resources Inc. Credit Suisse Group reaffirmed an "underperform" rating and set a $6.00 price target on shares of Cliffs Natural Resources in a report on Friday, January 13th. Given that its average daily volume over the 30 days has been 17.21 million shares a day, this signifies a pretty significant change over the norm. Finally, Zacks Investment Research cut Cliffs Natural Resources from a "buy" rating to a "hold" rating in a report on Monday, October 17th. Five research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. (NYSE:CLF) is projected at -64.5 percent in the Current Quarter and 428.6 percent in the Next Quarter, according to analysts.

Large investors have recently bought and sold shares of the company.

Todd Campbell owns shares of Cliffs Natural Resources and Pfizer. Phoenix Investment Adviser LLC purchased a new stake in Cliffs Natural Resources during the second quarter valued at $1,446,000. Teacher Retirement System of Texas raised its position in shares of Cliffs Natural Resources by 19.0% in the second quarter. LMR Partners LLP acquired a new position in Cliffs Natural Resources during the second quarter worth $114,000. The company rocked its 52-Week High of $11.7 on Feb 9, 2017 and touched its 52-Week Low of $1.72 on Feb 24, 2016.

Cliffs Natural Resources Inc. on 02/09/2017 reported its EPS as $0.34 with the analysts projecting the EPS of the stock as $0.23.

Separately, the board of directors of Union Electric Company, doing business as Ameren Missouri, declared regular quarterly cash dividends on all classes of Union Electric Company's preferred stock. The stock has a market cap of $2.58 billion, a P/E ratio of 12.80 and a beta of 1.63. The stock's current distance from 20-Day Simple Moving Average (SMA20) is 21.63% where SMA50 and SMA200 are 20.94% and 67.2% respectively.

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A number of analysts offered their Estimated Earnings analysis for Cliffs Natural Resources Inc.

Growth Estimate for Cliffs Natural Resources Inc. Cliffs also owns 80.4% of Portman, an iron ore mining company in Australia, serving the Asian iron ore markets with direct-shipping fines and lump ore.

The company is already benefiting from a slowing of foreign steel imports, and management says that its US iron-ore volume jumped 53% year over year last quarter. While speaking to Benzinga, the analyst mentioned that not only does he expect iron ore prices to fall from current levels, the analyst also views auto sales as a headwind for the United States steel industry in 2017.

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