Published: Tue, June 20, 2017
Business | By Max Garcia

Cliffs Natural Resources Inc (CLF) Is It Worthy for Investors?

Cliffs Natural Resources Inc (CLF) Is It Worthy for Investors?

Ameritas Investment Partners Inc. purchased a new position in Cliffs Natural Resources Inc. Starz had 15 analyst reports since July 30, 2015 according to SRatingsIntel. Zacks Investment Research cut Cliffs Natural Resources from a buy rating to a hold rating in a research note on Tuesday, March 21st.

JP Morgan "Maintained" Cliffs Natural Resources Inc (NYSE:CLF) in a research note issued to investors on 11/30/16 to Overweight with price target of $10. (CLF) traded with the volume of 12.68 Million shares while its average 3 months volume is at 15420 shares. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company's stock.

Many analysts are providing their Estimated Earnings analysis for Cliffs Natural Resources Inc. and for the current quarter 7 analysts have projected that the stock could give an Average Earnings estimate of $0.24/share. Tieton Capital Management Llc acquired 42,088 shares as Marlin Business Services (MRLN)'s stock rose 2.69%.

With the recent move, the stock now boasts a market cap of 1722.12and a beta of 1.68.

Cliffs Natural Resources Inc (NYSE:CLF) 52-week high price stands at $12.37 and low price stands at $4.55, its price distance from 52-week high is -51.66% while its distance from 52-week low price is 31.43%.

Cliffs Natural Resources Inc. has a 50 day moving average of 6.23 and a 200 day moving average of 8.41.

Cliffs Natural Resources Inc. closed its last trading session at $5.81 with the gain of 2.93%. The Akre Capital Management Llc holds 5.16M shares with $332.09M value, up from 4.96M last quarter. It dived, as 38 investors sold Cliffs Natural Resources Inc shares while 63 reduced holdings. Two analysts have provided estimates for Cliffs Natural Resources' earnings, with the lowest sales estimate coming in at $487.46 million and the highest estimate coming in at $590.90 million. The difference between the expected and actual EPS was $-0.28/share, which represents an Earnings surprise of -164.7%. Likewise, the downbeat performance for the last quarter was -37.79% and for the full year it was 17.37%. On average, equities research analysts predict that Cliffs Natural Resources will post $0.96 earnings per share for the current fiscal year.

11/14/2016 - Cliffs Natural Resources Inc. was upgraded to " by analysts at Morgan Stanley. "(CLF) Raised to Strong-Buy at ValuEngine" was originally posted by Sports Perspectives and is owned by of Sports Perspectives.

COPYRIGHT VIOLATION WARNING: This news story was first published by Stock Observer and is owned by of Stock Observer. Millennium Management Ltd Llc has invested 0.02% of its portfolio in Cliffs Natural Resources Inc (NYSE:CLF). The stock was bought at an average cost of $6.31 per share, with a total value of $1,262,000.00. If the average volume is low then the liquidity is low which means it is hard to buy or sell the stock as there are fewer buyers or sellers of the stock. Following the purchase, the director now owns 87,991 shares in the company, valued at approximately $556,103.12. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

In related news, Chairman Lourenco Goncalves purchased 200,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 3rd. The disclosure for this purchase can be found here.

Want to see what other hedge funds are holding CLF? Moors Cabot has invested 0.02% in Cliffs Natural Resources Inc (NYSE:CLF). Swiss National Bank now owns 350,900 shares of the mining company's stock worth $2,053,000 after buying an additional 76,000 shares during the last quarter. Natl Bank Of Montreal Can reported 0.01% of its portfolio in Cliffs Natural Resources Inc (NYSE:CLF). Prelude Mgmt Ltd has invested 0% in Cliffs Natural Resources Inc (NYSE:CLF). Finally, Sei Investments Co. raised its position in shares of Cliffs Natural Resources by 28.8% in the first quarter. TheStreet downgraded shares of Cliffs Natural Resources from a "c" rating to a "d+" rating in a research report on Thursday, May 4th. Analysts pegging the company with a rating of 3 would be indicating a Hold recommendation. Average true range (ATR-14) of the company is at 7.07.

Stifel Financial Corp increased Cliffs Nat Res Inc (CLF) stake by 75.83% reported in 2016Q4 SEC filing. The Firm 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.

Like this: