27 May, 2017
The share price of the company (NYSE:CLF) was down -2.50% during the last trading session, with a high of 6.57 and the volume of Cliffs Natural Resources Inc. shares traded was 10817017. Stock investors purchased 25,134 call options on the stock. Looking at the stock's movement on the chart, Cliffs Natural Resources Inc. recorded a 52-week high of $12.37. Growth in EPS is an important measure of management performance because it shows how much money the company is making for it's shareholders, not only due to changes in profit, but also after all the effects of issuance of new shares (this is especially important when the growth comes as a result of acquisition). The total market capitalization remained at $1.75 billion. The firm's 50-day moving average is $6.78 and its 200-day moving average is $8.58.
Cliffs Natural Resources Inc (NYSE:CLF) 52-week high price stands at $12.37 and low price stands at $3.03, its price distance from 52-week high is -49.56% while its distance from 52-week low price is 105.94%.
Cliffs Natural Resources Inc. closed its last trading session at $6.75 with the loss of -5.19%. The mining company reported ($0.11) EPS for the quarter, missing analysts' consensus estimates of $0.16 by $0.27. Morgan Stanley upgraded Cliffs Natural Resources Inc (NYSE:CLF) on Monday, November 14 to "Equal-Weight" rating. The firm had revenue of $461.60 million for the quarter, compared to analysts' expectations of $412.71 million. During the same quarter past year, the firm earned $0.62 EPS. Cliffs Natural Resources's revenue for the quarter was up 51.1% on a year-over-year basis. The current consensus recommendation provided by covering analysts is 2.90.
Other hedge funds have also bought and sold shares of the company. The shares were bought at an average price of $6.31 per share, for a total transaction of $1,262,000.00. (CLF) belongs to the "Basic Materials" sector with an industry focus on "Industrial Metals & Minerals", with Mr. C. Lourenco Goncalves as Chairman, Chief Exec. Officer and Pres. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Since January 1, 0001, it had 6 insider purchases, and 0 selling transactions for $1.43 million activity. Following the completion of the transaction, the director now owns 87,991 shares in the company, valued at approximately $556,103.12. The disclosure for this purchase can be found here. The fund owned 383,776 shares of the mining company's stock after selling 898,022 shares during the period.
A number of large investors have recently modified their holdings of CLF. Finally, BlackRock Investment Management LLC boosted its stake in Cliffs Natural Resources by 22.0% in the third quarter.
Last time, the company failed Wall Street by reporting EPS of $-0.11, smashing the consensus of $0.17 per share. Tightening the gaze, stock performance for the last 5 trading days is -0.37%. Its book value per share for the most recent quarter is $-3.13 while its price to book ratio for the same period is 0, as for as the company's cash per share for the most recent quarter is $1.25, however its price to cash per share ratio for the same period is 4.99. Teachers Advisors LLC now owns 1,281,798 shares of the mining company's stock worth $7,499,000 after buying an additional 759,178 shares in the last quarter.
08/03/2015 - Cliffs Natural Resources Inc. had its " rating reiterated by analysts at RBC Capital. Corporate insiders own 4.52% of the company's stock. 236.68 million shares or 4.16% more from 227.22 million shares in 2016Q3 were reported. They now have a Dollars 13 price target on the stock. Axiom Securities restated a "sell" rating on shares of Cliffs Natural Resources in a research note on Friday, February 10th. Over the short term, some market observers may have noticed that Cliffs Natural Resources Inc. has a 17.22% short float with 15 days to cover. JPMorgan Chase & Co. lifted their price objective on shares of Cliffs Natural Resources from $12.00 to $13.00 and gave the company an "overweight" rating in a research note on Monday, March 27th. Ubs Asset Mngmt Americas reported 0% in Cliffs Natural Resources Inc (NYSE:CLF). Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. (NYSE:FIT). At the time of writing, the First Call consensus price target for the company is $7.14.
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Cliffs Natural Resources Inc (NYSE:CLF) has risen 122.26% since May 26, 2016 and is uptrending. The Company is a supplier of iron ore pellets to the North American steel industry from its mines and pellet plants located in MI and Minnesota. The Company's segments include U.S. Iron Ore and Asia Pacific Iron Ore.
