Receive News & Ratings for Cliffs Natural Resources Inc. Daily

Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cliffs Natural Resources Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Cliffs Natural Resources Inc. (CLF) Earns Buy Rating from Jefferies Group LLC

Jefferies Group LLC reaffirmed their buy rating on shares of Cliffs Natural Resources Inc. (NYSE:CLF) in a report published on Monday, September 18th.

Receive News & Ratings for Cliffs Natural Resources Inc. Daily

Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cliffs Natural Resources Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

CLF has been the topic of several other reports. FBR & Co restated a buy rating and set a $10.00 price objective on shares of Cliffs Natural Resources in a research report on Wednesday, September 6th. ValuEngine downgraded shares of Cliffs Natural Resources from a strong-buy rating to a buy rating in a research report on Friday, September 1st. BidaskClub downgraded shares of Cliffs Natural Resources from a hold rating to a sell rating in a research report on Wednesday, August 16th. Cowen and Company reiterated a hold rating on shares of Cliffs Natural Resources in a report on Thursday, August 3rd. Finally, TheStreet upgraded shares of Cliffs Natural Resources from a d+ rating to a c rating in a report on Monday, July 31st. Five analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. Cliffs Natural Resources presently has an average rating of Hold and a consensus target price of $8.31.

Shares of Cliffs Natural Resources (NYSE CLF) opened at 7.29 on Monday. The company has a 50-day moving average price of $7.65 and a 200-day moving average price of $7.30. The company has a market cap of $2.16 billion, a P/E ratio of 33.44 and a beta of 1.70. Cliffs Natural Resources has a 12-month low of $4.91 and a 12-month high of $12.37.

Cliffs Natural Resources (NYSE:CLF) last issued its quarterly earnings results on Thursday, July 27th. The mining company reported $0.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.08. The business had revenue of $569.30 million for the quarter, compared to analysts’ expectations of $485.93 million. Cliffs Natural Resources had a net margin of 2.44% and a negative return on equity of 13.83%. The company’s revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.07 EPS. On average, analysts predict that Cliffs Natural Resources will post $0.99 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: This news story was originally reported by [[site]] and is owned by of [[site]]. If you are accessing this news story on another website, it was copied illegally and republished in violation of US and international trademark and copyright legislation. The original version of this news story can be accessed at [[permalink]].

In other news, Chairman Lourenco Goncalves purchased 100,000 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were purchased at an average cost of $7.11 per share, with a total value of $711,000.00. Following the completion of the acquisition, the chairman now owns 3,586,970 shares of the company’s stock, valued at approximately $25,503,356.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.46% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Cetera Investment Advisers purchased a new position in Cliffs Natural Resources during the second quarter valued at $1,664,000. Advisory Services Network LLC raised its position in shares of Cliffs Natural Resources by 743.6% in the second quarter. Advisory Services Network LLC now owns 26,887 shares of the mining company’s stock valued at $186,000 after buying an additional 23,700 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Cliffs Natural Resources by 34.1% in the second quarter. Public Employees Retirement System of Ohio now owns 224,740 shares of the mining company’s stock valued at $1,555,000 after buying an additional 57,094 shares during the last quarter. Ameritas Investment Partners Inc. raised its position in shares of Cliffs Natural Resources by 8.3% in the second quarter. Ameritas Investment Partners Inc. now owns 26,167 shares of the mining company’s stock valued at $181,000 after buying an additional 2,016 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Cliffs Natural Resources by 27.0% in the second quarter. The Manufacturers Life Insurance Company now owns 231,240 shares of the mining company’s stock valued at $1,600,000 after buying an additional 49,167 shares during the last quarter. 58.28% of the stock is currently owned by institutional investors and hedge funds.

Cliffs Natural Resources Company Profile

Cleveland-Cliffs Inc, formerly Cliffs Natural Resources Inc, is a mining and natural resources company. The Company is a supplier of iron ore pellets to the North American steel industry from its mines and pellet plants located in Michigan and Minnesota. The Company’s segments include U.S. Iron Ore and Asia Pacific Iron Ore.