Stock with Unusual Volume: Cliffs Natural Resources Inc. (NYSE:CLF)

Andrew Cummings
March 1, 2017

Breaking those down we see that the ratings are as follows: 2 Strong Buy, 0 Rated Buy, 5 Rated Hold and 0 Rated Sell. Five investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company's stock. The average 12-month price objective among brokers that have updated their coverage on the stock in the a year ago is $7.92. The company has an average rating of "Hold" and an average price target of $7.92. Zacks Investment Research raised Cliffs Natural Resources from a "hold" rating to a "buy" rating and set a $10.00 price target for the company in a research note on Tuesday, January 17th. The relative price strength of Cliffs Natural Resources Inc. has a positive value of 180.33 compared to overall market.

The Company got Upgrade by Morgan Stanley on 14-Nov-16 from Underweight to Equal-Weight.


About Cliffs Natural Resources Inc.Cliffs Natural Resources Inc.is a leading mining and natural resources company. The mean PT is calculated considering the consensus of 7 analysts. If you are accessing this story on another publication, it was illegally copied and republished in violation of United States & global copyright & trademark laws.

Several insiders were part of recent insider activity for the stock. The company's market cap is $3.09 Billion.


CLIFFS NATURAL RESOURCES INC, formerly Cleveland-Cliffs Inc, is an worldwide mining company, a producer of iron ore pellets in North America and a supplier of metallurgical coal to the global steelmaking industry. Following the EPS trend, pool of analysts gave current quarter Per-Share Earnings estimates trends of $0.19 for the CLF while maintaining high price target of 15 and average of 9.86, as declared by WSJ. Finally, BlackRock Fund Advisors raised its stake in Cliffs Natural Resources by 35.5% in the third quarter. (NYSE:CLF) jumped 1.52 percent and ended the day at $10.71. The company has a 50-day moving average price of $9.89 and a 200 day moving average price of $7.75.

Cliffs Natural Resources Inc Last issued its quarterly earnings results on Feb 9, 2017. (NYSE:CLF), according to U.S. Securities and Exchange Commission (SEC) filings. The company reported $0.42 EPS for the quarter, beating the analyst consensus estimate by $ 0.16.


Analyst recommendations and estimates are for informational purposes only and should be used along with a number of other factors when considering an investment position. The Company showed a positive 8.30% in the net profit margin. (NYSE:CLF)'s latest quarter, EPS moved to $0.34 from $-0.12 in preceding quarter and revenues reached at $754.00M compared to $553.30M. The company's USA and Asia Pacific iron ore operations reported year-over-year declines of 7% and 8%, respectively, in their cash cost of goods sold and operating expense rates in 2016. Equities analysts anticipate that Cliffs Natural Resources will post $1.17 earnings per share for the current year. 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 a major supplier of iron ore pellets to the North American steel industry from its mines and pellet plants located in MI and Minnesota. President Trump's plans for a $1 trillion revamp of US domestic infrastructure has translated into the firming up of the USA demand outlook for steel and iron ore going forward.

Other reports by iNewsToday

FOLLOW OUR NEWSPAPER