Recent Research Analysts’ Ratings Updates for Cliffs Natural Resources (CLF)

Cliffs Natural Resources (NYSE: CLF) recently received a number of ratings updates from brokerages and research firms:

  • 8/16/2017 – Cliffs Natural Resources was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/3/2017 – Cliffs Natural Resources had its “hold” rating reaffirmed by analysts at Cowen and Company.
  • 8/2/2017 – Cliffs Natural Resources was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 7/31/2017 – Cliffs Natural Resources was upgraded by analysts at TheStreet from a “d+” rating to a “c” rating.
  • 7/31/2017 – Cliffs Natural Resources had its “sell” rating reaffirmed by analysts at Axiom Securities.
  • 7/27/2017 – Cliffs Natural Resources was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 7/27/2017 – Cliffs Natural Resources was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Earnings estimate for Cliffs for the current quarter has been going down of late. The company has also underperformed the industry it belongs to over the past one year. Moreover, Cliffs is faced with a challenging operating environment and pricing headwinds. The company has also cut its profit outlook for 2017 due to lower expected iron ore pricing. Demand for iron ore in China also remain soft.”
  • 7/27/2017 – Cliffs Natural Resources had its “neutral” rating reaffirmed by analysts at Clarkson Capital.
  • 7/25/2017 – Cliffs Natural Resources was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/25/2017 – Cliffs Natural Resources had its “sell” rating reaffirmed by analysts at Axiom Securities.
  • 7/20/2017 – Cliffs Natural Resources was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Cliffs remains focused on de-leveraging its balance sheet and improving its cost structure. It should also gain from recent supply deals and an expected rise in steel demand in the U.S. However, the company remains exposed to a challenging operating environment and pricing headwinds. Iron ore prices are expected to remain under pressure in the second half of 2017 due to rising global supplies. Cliffs has also cut its profit outlook for 2017 due to lower expected iron ore pricing. Moreover, demand for iron ore remains soft in China given a sluggish economy. Cliffs has also underperformed the Zacks categorized Mining-Iron industry over the past six months.”
  • 7/13/2017 – Cliffs Natural Resources had its “sell” rating reaffirmed by analysts at Axiom Securities.
  • 7/7/2017 – Cliffs Natural Resources is now covered by analysts at Jefferies Group LLC. They set a “buy” rating and a $9.00 price target on the stock.
  • 7/6/2017 – Cliffs Natural Resources was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/28/2017 – Cliffs Natural Resources was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “Cliffs has underperformed the Zacks categorized Mining-Iron industry over the past six months. The company remains exposed to a challenging operating environment and pricing headwinds. Iron ore prices are expected to remain under pressure in the second half of 2017 due to rising global supplies. The company has also cut its profit outlook for 2017 due to lower expected iron ore pricing. Moreover, demand for iron ore remains soft in China given a sluggish economy.”
  • 6/28/2017 – Cliffs Natural Resources had its “market perform” rating reaffirmed by analysts at Cowen and Company. They now have a $7.00 price target on the stock.
  • 6/27/2017 – Cliffs Natural Resources was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

Cliffs Natural Resources Inc. (CLF) opened at 7.40 on Monday. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 33.94 and a beta of 1.69. The firm has a 50-day moving average price of $7.33 and a 200 day moving average price of $7.75. Cliffs Natural Resources Inc. 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 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.08. The company had revenue of $569.30 million for the quarter, compared to analyst estimates of $485.93 million. Cliffs Natural Resources had a negative return on equity of 13.83% and a net margin of 2.44%. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.07 earnings per share. On average, equities analysts forecast that Cliffs Natural Resources Inc. will post $0.94 EPS for the current year.

In other news, Chairman Lourenco Goncalves purchased 100,000 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were bought at an average cost of $7.19 per share, for a total transaction of $719,000.00. Following the completion of the acquisition, the chairman now directly owns 3,486,970 shares in the company, valued at approximately $25,071,314.30. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.46% of the company’s stock.

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. The Company is a producer of iron ore pellets, primarily selling production from U.S.

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