Brokers Issue New Targets On Cliffs Natural Resources Inc. (NYSE:CLF)

Mae Love
September 21, 2017

Wall Street analysts expect that Cliffs Natural Resources Inc. Equities research analysts predict that Cliffs Natural Resources will post $0.97 EPS for the current year.

Cliffs Natural Resources Inc. had its "buy" rating reiterated by analysts at Jefferies. The firm is scheduled to issue its next earnings results on Thursday, October 26th. The current consensus recommendation provided by covering analysts is 2.80. The analysts estimated sales for the higher end at 692.85 million and lower end at 497 million while the year ago reported sale was 574.85 million. KeyCorp restated a "hold" rating on shares of Cliffs Natural Resources in a report on Tuesday. Rychel Eric M also bought $19,649 worth of Cleveland-Cliffs Inc (NYSE:CLF) on Monday, May 1. The hedge fund run by Andy Redleaf held 804,492 shares of the precious metals company at the end of 2016Q4, valued at $6.77M, up from 413,109 at the end of the previous reported quarter. Cliffs Natural Resources had a negative return on equity of 13.83% and a net margin of 2.44%. The company had revenue of $569.30 million for the quarter, compared to the consensus estimate of $485.93 million.

Analysts await Cleveland-Cliffs Inc (NYSE:CLF) to report earnings on October, 26. The stock price is showing encouraging image with current supportive move of 3.23% at trading price of $7.36. Finally, BidaskClub lowered Cliffs Natural Resources from a "hold" rating to a "sell" rating in a report on Wednesday, August 16th. On Monday, November 2 the stock rating was maintained by FBR Capital with "Mkt Perform". ValuEngine cut shares of Cliffs Natural Resources from a "strong-buy" rating to a "buy" rating in a research note on Friday, June 2nd.

04/28/2017 - Cliffs Natural Resources Inc. was upgraded to "outperform" by analysts at FBR Capital Markets.

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Price targets show what analysts believes a stock will be worth at the end of a certain time period.

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As far as key trends that demonstrate something of the future investment potential of this stock, we need to take a closer look at the top line, first and foremost. The firm has a 50 day moving average price of $7.61 and a 200-day moving average price of $7.50. CLF price is down almost -68.07% from its 52-week high price of $12.37 a share but is up about 33.29% from its 52-week low price of $4.91 a share. If the stock price is unchanged its weighted alpha will be smaller. Cliffs Natural Resources also was the recipient of some unusual options trading on Monday. Stock traders acquired 1,191 put options on the stock. The stock exchanged hands with 317,319 numbers of shares compared to its average daily volume of 11.16M shares.

In other Cliffs Natural Resources news, Chairman Lourenco Goncalves purchased 100,000 shares of the firm's stock in a transaction dated Thursday, August 10th. (NYSE:CLF) expressed a change of 0.28% and is now trading at $7.29. During last 3 month period, -10.94% of total institutional ownership has changed in the company shares. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

A number of large investors have recently bought and sold shares of CLF. The value of the company's investment in Cleveland-Cliffs Inc. went from $196,000 to $1,505,000 a change of 667.9% since the last quarter. Comerica Bank raised its stake in shares of Cliffs Natural Resources by 49.5% in the second quarter. Masters Capital Management Llc sold 51,491 shares as the company's stock declined 43.52% while stock markets rallied. Strs Ohio raised its position in Cliffs Natural Resources by 103.8% in the first quarter. Strs Ohio now owns 15,900 shares of the mining company's stock worth $130,000 after purchasing an additional 8,100 shares in the last quarter. Masters Capital Management Llc who had been investing in Cliffs Nat Res Inc for a number of months, seems to be less bullish one the $2.11B market cap company.

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What Historical Figures Say About Cleveland-Cliffs Inc. 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.

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