Analysts Insights on Cliffs Natural Resources Inc (CLF)

Marco Green
November 22, 2017

The 52-week low of the stock stands at $5.69 while the current level stands at 6.94% of the 52-week High-Low range.

The TTM operating margin for the company stands at 11.9%. Axiom Securities reiterated a "sell" rating on shares of Cleveland-Cliffs in a report on Tuesday, July 25th.

Cliffs Natural Resources Inc is a mining and natural resources company. Zacks Investment Research downgraded shares of Cleveland-Cliffs from a "hold" rating to a "sell" rating in a research note on Thursday, July 27th. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. ValuEngine lowered Cliffs Natural Resources from a buy rating to a hold rating in a research note on Thursday, July 27th. (NYSE:CLF) closed the last session at $6.13 and sees an average of 12228998 shares trade hands in each session.

In related news, Chairman Lourenco Goncalves purchased 100,000 shares of Cliffs Natural Resources stock in a transaction that occurred on Friday, September 15th.

2 analysts rate Cliffs Natural Resources Inc. a Buy or Strong Buy, which is 28.57% of all the analyst ratings.

Additionally on 7/07/17 Jefferies "Initiates Coverage On" Cliffs Natural Resources Inc (NYSE:CLF) to Buy setting price target at $9 and on 11/30/16 JP Morgan "Maintained" the stock to Overweight at $10. Geode Capital Management LLC now owns 3,125,683 shares of the mining company's stock worth $25,661,000 after purchasing an additional 721,544 shares during the last quarter. The company has a market capitalization of $1,870.00, a P/E ratio of 6.66 and a beta of 1.58.

In case of Revenue Estimates, 4 analysts have provided their consensus Average Revenue Estimates for Cliffs Natural Resources 618 Million. Cleveland-Cliffs Inc, formerly known as Cliffs Natural Resources Inc., is headquartered in Cleveland, Ohio.

Hecla Mining Company (NYSE:HL) shares traded down -0.77% during most recent session.

In terms of Buy, Sell or Hold recommendations, Cliffs Natural Resources Inc (NYSE:CLF) has analysts' mean recommendation of 2.9.

COPYRIGHT VIOLATION WARNING: This news story was first published by TrueBlueTribune and is the property of of TrueBlueTribune. If you are reading this news story on another site, it was stolen and republished in violation of U.S. and global trademark and copyright law. This showed a surprise of -43.8% in the last quarter earnings.

While looking at the Stock's Performance, Cliffs Natural Resources Inc. now shows a Weekly Performance of 1.82%, where Monthly Performance is -12.11%, Quarterly performance is -16.17%, 6 Months performance is -8.59% and yearly performance percentage is -16.73%. Voya Investment Management LLC raised its holdings in Cleveland-Cliffs by 19.0% during the 2nd quarter. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. FBR & Co reissued a "market perform" rating and issued a $11.00 price target (up previously from $10.00) on shares of Cliffs Natural Resources in a research note on Thursday, February 16th.

Cleveland-Cliffs Inc. (CLF) have shown a high EPS growth of -38.90% in the last 5 years and has earnings rose of 42.30% yoy. Locust Wood Capital Advisers LLC bought a new stake in shares of Cliffs Natural Resources during the first quarter worth approximately $3,245,000.

Oclaro, Inc. (NASDAQ:OCLR) ended its day at $6.58 with the rising stream of 3.46% and its total traded volume was 6.65 million shares more than the average volume. For the current year the company's revenue estimates are $2.35 Billion compared to low analyst estimates of $2.28 Billion and high estimates of $2.4 Billion according to 5 number of analysts. The company is a supplier of iron ore pellets to the North American steel industry from our mines and pellet plants located in MI and Minnesota. Principal Financial Group Inc. now owns 160,889 shares of the mining company's stock worth $1,321,000 after buying an additional 10,519 shares during the period. The Company's segments include U.S. Iron Ore and Asia Pacific Iron Ore.

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