The research report and subsequent rating should be used to complement individual homework and strategy.
Investors and Traders continue to monitor technical levels of shares of Cliffs Natural Resources Inc. On a consensus basis, analysts have pinned a $9.583 mean target price for the short term on the stock.
Basically, a price target is an individual analyst's projection on the future price of a stock. In the last 90 days, insiders have bought 215,250 shares of company stock valued at $1,361,283. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock.
A total of 8 equity analysts have released a ratings update on CLF. zero equity analysts rating the company a strong buy, zero equity analysts rating the company a buy, seven equity analysts rating the company a hold, four equity analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $3.81.
Having a price of $6.28, Cliffs Natural Resources Inc (NYSE:CLF) traded -0.63% lower on the day. Overall, 12.02 Million shares exchanged hands versus its average trading volume of 21.79 Million shares. The stock has a 50 day moving average of $7.68 and a 200-day moving average of $8.50. The company has market cap of $1.85 billion. Analysts reported that the Price Target for Cliffs Natural Resources Inc. might touch $12.5 high while the Average Price Target and Low price Target is $8.58 and $5 respectively.
The mining company reported ($0.11) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.16 by $0.27. It has a return on equity (ROE) of -2.70%.
Climate talks open in Bonn, with all eyes on Washington
The US did send a delegation to the talks, led by Obama-era negotiator Trigg Talley, who declined to comment on their brief. A total of 196 countries all except Nicaragua and Syria are parties to the 2015 deal which Trump threatened to "cancel".
Cliffs Natural Resources Inc. During the same quarter in the prior year, the company posted $0.62 EPS.
Relative strength index (RSI-14) for Cliffs Natural Resources Inc. Old Mutual Global Investors UK Ltd. acquired a new position in shares of Cliffs Natural Resources during the first quarter worth $45,125,000. The stock was purchased at an average cost of $6.32 per share, for a total transaction of $37,920.00. 3,750 shares valued at $24,771 were bought by Taylor Douglas C on Tuesday, May 2. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. The share price is trading in a range of $6.14 - 6.39. The stock declined 1.04% or $0.07 reaching $6.22 on the news. The original version of this news story can be viewed at https://www.chaffeybreeze.com/2017/05/08/cliffs-natural-resources-inc-clf-chairman-lourenco-goncalves-purchases-200000-shares-of-stock.html. The disclosure for this purchase can be found here. The price index is calculated by dividing the current share price by the share price ten months ago. Company insiders own 4.52% of the company's stock.
A number of large investors have recently added to or reduced their stakes in CLF.
07/18/2016 - Cliffs Natural Resources Inc. had its "neutral" rating reiterated by analysts at Clarkson Capital. Cliffs Natural Resources Inc (NYSE:CLF) has risen 7.17% since September 29, 2016 and is uptrending. IFP Advisors Inc now owns 35,266 shares of the mining company's stock worth $290,000 after buying an additional 11,755 shares in the last quarter. First Allied Advisory Services Inc. acquired a new position in Cliffs Natural Resources during the fourth quarter worth $129,000.
TRADEMARK VIOLATION WARNING: This piece was first reported by Markets Daily and is owned by of Markets Daily. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States & global copyright law.
WARNING: "Cliffs Natural Resources Inc (CLF) Downgraded by TheStreet to D+" was originally posted by Transcript Daily and is the sole property of of Transcript Daily. As of December 31, 2016, it operated four iron ore mines located in MI and Minnesota. The Company's segments include U.S. Iron Ore and Asia Pacific Iron Ore. The Company is a producer of iron ore pellets, primarily selling production from U.S.
Comments