May 27, 2018

Notable Stock Analysts Ratings Cliffs Natural Resources Inc. (CLF)

20 May 2017, 01:21 | Austin Hogan

Smoke rises out of the stacks at United Taconite in Forbes

Smoke rises out of the stacks at United Taconite in Forbes

During the same quarter past year, the company earned $0.62 earnings per share. For the next financial year, analysts expect that the firm will report sales of $2.32 billion per share, with estimates ranging from $2.15 billion to $2.44 billion. The mining company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.16 by $0.27.

The company's expected revenue in the current quarter to be 543.87 Million, seeing a projected current quarter growth of 285.7%, and per annum growth estimates over the next 5 year period of around -59.91%. The Illinois-based Chicago Equity Prns Limited Liability Corporation has invested 0.01% in Cliffs Natural Resources Inc (NYSE:CLF). The business's revenue for the quarter was up 51.1% compared to the same quarter a year ago. During the same quarter in the prior year, the business posted $0.62 EPS.

Several research analysts have commented on CLF shares. Finally, Swiss National Bank increased its position in shares of Cliffs Natural Resources by 27.6% in the third quarter. Finally, FBR & Co reaffirmed a market perform rating and set a $11.00 price objective (up previously from $10.00) on shares of Cliffs Natural Resources in a research report on Thursday, February 16th. Axiom Securities restated a "sell" rating on shares of Cliffs Natural Resources in a research note on Tuesday, January 31st. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. The stock has an average rating of "Hold" and an average price target of $8.69. 14365787 shares were traded on Cliffs Natural Resources Inc.'s last session. 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 $1.15, however its price to cash per share ratio for the same period is 5.49. As concerns shares volumes, in share Capital Company has 218.70 million outstanding shares among them 16.80 million shares have been floated in market exchange. Analysts are forecasting Cliffs Natural Resources report revenue of about $543.87M, versus the 496.2M posted a year ago. The stock closing price is now trading downward to its 50 day moving average with change of -19.03%, tumbled to its 20 day moving average with figure of -4.61% and behind its 200 day moving average with value -18.83%.

03/27/2017 - Cliffs Natural Resources Inc. had its "overweight" rating reiterated by analysts at JP Morgan. One of the important differences between earnings-per-share growth rates and net-income growth rates is that the former reflects the dilution that occurs from new stock issuance, the exercise of employee stock options, warrants, convertible securities, and share repurchases. This is an increase of approximately 137% compared to the typical daily volume of 2,061 call options.

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ILLEGAL ACTIVITY WARNING: This article was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of United States & worldwide copyright & trademark legislation. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The shares were purchased at an average cost of $6.31 per share, for a total transaction of $1,262,000.00. In contrast, CLF's 52 week high hovers at $12.37 with its current distance from 52 week high value is -48.26%. The disclosure for this purchase can be found here. Following the completion of the acquisition, the director now directly owns 87,991 shares of the company's stock, valued at approximately $556,103.12.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in Cliffs Natural Resources by 53.3% in the first quarter. Taylor Asset Management Inc. acquired a new stake in Cliffs Natural Resources during the third quarter worth $441,000. Insiders own 4.52% of the company's stock.

With the expansion now done, "we have earned the right to continue to be in the Range for the years to come", said Goncalves, acknowledging that Cliffs has spent the last few years restructuring. They now have a United States dollars 2 price target on the stock. Investors must be aware that the higher the volatility the riskier the stock is to trade with. Wellington Management Group LLP now owns 4,366,103 shares of the mining company's stock valued at $35,846,000 after buying an additional 3,718,310 shares during the period.

In addition, Cliffs also operates an iron ore mining complex in Western Australia.

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