The stock of Cliffs Natural Resources Inc (NYSE:CLF) is a huge mover today! About 4.94M shares traded hands. Cliffs Natural Resources Inc (NYSE:CLF) has risen 63.45% since April 28, 2016 and is uptrending. It has outperformed by 57.53% the S&P500.
The move comes after 8 months positive chart setup for the $2.14 billion company. It was reported on Dec, 1 by Barchart.com. We have $9.84 PT which if reached, will make NYSE:CLF worth $149.80M more.
Analysts await Cliffs Natural Resources Inc (NYSE:CLF) to report earnings on January, 25. They expect $0.20 EPS, up 242.86% or $0.34 from last year’s $-0.14 per share. CLF’s profit will be $46.47 million for 11.51 P/E if the $0.20 EPS becomes a reality. After $-0.02 actual EPS reported by Cliffs Natural Resources Inc for the previous quarter, Wall Street now forecasts -1,100.00% EPS growth.
Cliffs Natural Resources Inc (NYSE:CLF) Ratings Coverage
Out of 10 analysts covering Cliffs Natural Resources Inc (NYSE:CLF), 2 rate it a “Buy”, 3 “Sell”, while 5 “Hold”. This means 20% are positive. Cliffs Natural Resources Inc has been the topic of 18 analyst reports since August 4, 2015 according to StockzIntelligence Inc. Axiom Capital initiated the shares of CLF in a report on Friday, August 21 with “Sell” rating. On Friday, March 11 the stock rating was initiated by Credit Suisse with “Underperform”. The firm has “Market Perform” rating by Cowen & Co given on Friday, April 29. The stock of Cliffs Natural Resources Inc (NYSE:CLF) earned “Mkt Perform” rating by FBR Capital on Monday, November 2. The firm earned “Neutral” rating on Friday, January 8 by Macquarie Research. On Friday, September 18 the stock rating was initiated by FBR Capital with “Mkt Perform”. The firm has “Outperform” rating by Macquarie Research given on Friday, June 10. As per Monday, November 14, the company rating was upgraded by Morgan Stanley. JP Morgan upgraded the stock to “Overweight” rating in Tuesday, May 31 report. The firm earned “Hold” rating on Monday, August 31 by Vetr.
According to Zacks Investment Research, “CLIFFS NATURAL RESOURCES INC, formerly Cleveland-Cliffs Inc, is an international mining company, a producer of iron ore pellets in North America and a supplier of metallurgical coal to the global steelmaking industry. It operates six iron ore mines in Michigan, Minnesota and Eastern Canada, and three coking coal mines in West Virginia and Alabama. Cliffs also owns 80.4% of Portman, an iron ore mining company in Australia, serving the Asian iron ore markets with direct-shipping fines and lump ore. In addition, it has a 30% interest in the Amapa Project, a Brazilian iron ore project, and a 45% economic interest in the Sonoma Project, an Australian coking and thermal coal project.”
Insitutional Activity: The institutional sentiment increased to 1.79 in Q2 2016. Its up 0.66, from 1.13 in 2016Q1. The ratio increased, as 30 funds sold all Cliffs Natural Resources Inc shares owned while 49 reduced positions. 28 funds bought stakes while 61 increased positions. They now own 97.87 million shares or 9.74% more from 89.18 million shares in 2016Q1.
Luminus Mngmt Limited Liability Co accumulated 918,400 shares or 0.15% of the stock. Gabelli Funds Llc reported 60,000 shares or 0% of all its holdings. Moreover, Cubist Systematic Strategies Ltd Liability has 0.01% invested in Cliffs Natural Resources Inc (NYSE:CLF) for 37,166 shares. Hightower Advsr Ltd Limited Liability Company has 0% invested in the company for 24,486 shares. Lmr Partners Ltd Liability Partnership holds 0.02% or 20,265 shares in its portfolio. Ahl Prns Ltd Liability Partnership has 0.01% invested in the company for 25,869 shares. Panagora Asset Mngmt has 0% invested in the company for 3,800 shares. National Asset Management accumulated 15,120 shares or 0.02% of the stock. Springbok Capital Mngmt Ltd Company, a New York-based fund reported 3,411 shares. Rhumbline Advisers holds 0% of its portfolio in Cliffs Natural Resources Inc (NYSE:CLF) for 235,732 shares. Balyasny Asset Management Ltd Liability Corp accumulated 0.01% or 149,612 shares. Girard Prns Limited has 0.06% invested in the company for 29,167 shares. Deutsche Comml Bank Ag last reported 386,356 shares in the company. Financial Bank Of America De holds 947,674 shares or 0% of its portfolio. Cambridge Inv Research Advsrs last reported 0.01% of its portfolio in the stock.
Insider Transactions: Since October 28, 2016, the stock had 6 insider purchases, and 0 insider sales for $215,102 net activity. 12,500 shares were bought by Taylor Douglas C, worth $67,918 on Friday, October 28. GREEN SUSAN MIRANDA bought 1,770 shares worth $10,001. 6,000 shares with value of $31,895 were bought by RUTKOWSKI JOSEPH A on Friday, October 28. 10,000 shares with value of $54,900 were bought by BALDWIN JOHN T on Monday, October 31. $27,750 worth of Cliffs Natural Resources Inc (NYSE:CLF) was bought by Rychel Eric M on Wednesday, November 2. Shares for $22,638 were bought by Fisher Robert P Jr.
Another recent and important Cliffs Natural Resources Inc (NYSE:CLF) news was published by Schaeffersresearch.com which published an article titled: “Cliffs Natural Resources Inc (CLF) Stock Surge Attracts Options Bulls” on November 22, 2016.
CLF Company Profile
Cliffs Natural Resources Inc., incorporated on February 22, 1985, is a mining and natural resources company. The Firm 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 divisions include U.S. Iron Ore and Asia Pacific Iron Ore. The Firm operates an iron ore mining complex in Western Australia and owns approximately two non-operating iron ore mines in Eastern Canada.
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