Cliffs (NYSE:CLF) Earns "Buy" Rating from B. Riley

Marco Green
March 14, 2018

ValuEngine upgraded shares of Cleveland-Cliffs (NYSE:CLF) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning.

CLF has been the topic of several other research reports. Finally, Vertical Group started coverage on Cleveland-Cliffs in a research report on Friday, January 19th. Zacks Investment Research raised shares of Cleveland-Cliffs from a hold rating to a buy rating and set a $8.75 price target on the stock in a report on Thursday, January 4th. KeyCorp restated a "hold" rating on shares of Cleveland-Cliffs in a research report on Friday, November 24th.

Taking a broader look at the analyst consensus, brokerage firms have a price target of $8 on Cliffs Natural Resources Inc (NYSE:CLF). Cleveland-Cliffs Inc. (NYSE:CLF)'s short interest is 41.6 million shares, or 14.19% of the float. The company has a debt-to-equity ratio of -5.19, a quick ratio of 2.80 and a current ratio of 3.42. The company's market cap is $2.25 Billion, and the average volume is $14.41 Million.

Along recent reduction drift, stock price presented -23.59% down comparing value from it 52-week high point and showed 36.33% rise in value from its 52-week low point. According to the Analysts, the Low Earnings estimate for the current quarter is $-0.29, while the High earnings estimate is $-0.13.Comparatively, EPS for the same quarter past year was $0.08.

Cliffs Natural Resources Inc (NYSE:CLF) has average revenue estimates of $196.55 Million, compared to low analyst estimates of $153 Million and high estimates of $234 Million for the current quarter. Cleveland-Cliffs had a negative return on equity of 35.81% and a net margin of 16.09%.

Quarterly Earnings Growth on year-over-year basis stands at -173.6 percent.

Analysts are expecting average earnings estimates of $-0.2 for the current quarter based on the opinion of 6 analysts, relating to high earnings per share estimates of $-0.13 and low estimates of $-0.29, however Cliffs Natural Resources Inc (NYSE:CLF) reported $-0.11 earnings per share for the same quarter previous year. The stock price jumped 22.51% in three months and decreased -5.65% for the last six months trading period.

At times when price is in a downtrend and the moving average is in a downtrend as well, and price tests the SMA above and is rejected a few consecutive times (i.e. the moving average is serving as a resistance line), then a trader might sell on the next rally up to the Simple Moving Average. The expected future growth in earnings per share (EPS) is an incredibly important identifying an under-valued stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Large investors have recently added to or reduced their stakes in the stock. Luminus Management LLC now owns 3,754,600 shares of the mining company's stock valued at $27,071,000 after acquiring an additional 725,400 shares in the last quarter. Granite Springs Asset Management LLC bought a new position in Cleveland-Cliffs during the fourth quarter worth about $105,000. First Trust Advisors LP acquired a new position in shares of Cleveland-Cliffs in the fourth quarter valued at approximately $227,000. Insiders own 0.46% of the company's stock. Girard Partners LTD. acquired a new stake in Cleveland-Cliffs during the 4th quarter worth approximately $142,000. 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. Finally, California Public Employees Retirement System lifted its holdings in shares of Cleveland-Cliffs by 10.4% in the fourth quarter. Insider ownership decreased by a total of 60300 shares, which suggests that CLF's key executives are feeling less optimistic about the outlook for the stock. If you are reading this news story on another website, it was copied illegally and republished in violation of US and global copyright law. If you are viewing this news story on another publication, it was stolen and republished in violation of United States and global copyright laws. The correct version of this news story can be viewed at Cliffs Natural Resources Inc. 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.

Cleveland-Cliffs an iron ore mining company primarily in the United States.

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