Fisher Robert P Jr bought 4,000 shares in the company at $5.66 each and collected $22,001 in proceeds. The company reported the earnings of $-0.12/Share in the last quarter where the estimated EPS by analysts was $0.17/share. Three analysts surveyed by Zacks expected $688.5 million. The current consensus estimate compares to last year's same quarter result of -$0.14 a share and a decrease of -264.29%. The overall volume in the last trading session was 90.94 million shares. (NYSE:CLF) to Neutral with no specific Price Target. Amalgamated Bank boosted its position in shares of Cliffs Natural Resources by 16.4% in the second quarter. 5 have given the stock a Hold rating, 1 as Underperform and 0 as Sell. Five equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. While it's Return on Investment (ROI) value is 0%. Investors who are keeping close eye on the stock of Cliffs Natural Resources Inc. The Dow gained 118 points, and the S&P 500 and Nasdaq Composite saw similar percentage gains as investors focused on favorable earnings reports from a number of high-profile companies.
October 27, 2016: Cliffs Natural Resources Inc.
An important factor to consider when evaluating a stock's current and future value are the 52 week price high and low levels. Stifel Financial Corp now owns 19,532 shares of the mining company's stock worth $111,000 after buying an additional 3,360 shares during the last quarter. BlackRock Fund Advisors raised its stake in shares of Cliffs Natural Resources by 35.5% in the third quarter. (NYSE:CLF) in which Morgan Stanley Upgrades Cliffs Natural Resources Inc. (NYSE:CLF) has a market capitalization of 2.2 Billion.
The stock's 50-day moving average is $9.04 and its 200-day moving average is $7.46. It also ended previous year with just $1.8 billion of net debt, down from $2.5 billion at the end of 2015.
The 7 analysts offering 12-month price forecasts for Cliffs Natural Resources Inc have a median target of 9.00, with a high estimate of 11.00 and a low estimate of 6.00. (NYSE:CLF) to Equal-Weight by settling a price target of $9 on 11/14/16. If you are reading this piece on another website, it was illegally copied and republished in violation of United States and worldwide copyright and trademark law.
Analysts' mean recommendation for Cliffs Natural Resources Inc.'s (CLF) stands at 3.00.
Cliffs Natural Resources is a pure-play producer of iron-ore that is linked mostly with the steel production levels in North America.
As far as the United States, Miller thinks that prices of iron ore could be driven by a recovering domestic steel industry, i.e. superior prices for steel and expanding steel mill capacity utilization rates. CEO Lourenco Goncalves celebrated the company's turnaround, noting that "despite the undeniable fact that the underlying business environment was far from ideal during nearly all of 2016", the company faces "a much more favorable business environment in the USA and a newly adopted rational behavior in the global iron ore market [that] support the work we have done internally".