Media stories about Cliffs Natural Resources (NYSE:CLF) have been trending somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cliffs Natural Resources earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned news coverage about the mining company an impact score of 45.6517359444673 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
- Attention Seeking Stock: Cliffs Natural Resources Inc (CLF) – AppsforPCdaily (appsforpcdaily.com)
- Analysts Rating Review: Cliffs Natural Resources Inc (CLF) – ExpertGazette (expertgazette.com)
- Active Stock Picking: Cliffs Natural Resources Inc (CLF) – AppsforPCdaily (appsforpcdaily.com)
- Why US Steelmakers Can’t Ask for More from China (finance.yahoo.com)
- Why This Iron Ore Miner's Stock Fell 16.6% in October (finance.yahoo.com)
Cliffs Natural Resources (NYSE:CLF) traded down $0.04 on Friday, reaching $6.00. The company had a trading volume of 12,498,513 shares, compared to its average volume of 14,613,908. Cliffs Natural Resources has a 12-month low of $5.56 and a 12-month high of $12.37. The company has a current ratio of 1.89, a quick ratio of 1.18 and a debt-to-equity ratio of -2.03. The firm has a market cap of $1,865.05, a price-to-earnings ratio of 6.84 and a beta of 1.58.
Cliffs Natural Resources (NYSE:CLF) last posted its earnings results on Friday, October 20th. The mining company reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.06. Cliffs Natural Resources had a negative return on equity of 29.06% and a net margin of 5.48%. The firm had revenue of $698.00 million during the quarter, compared to analyst estimates of $669.25 million. During the same period in the previous year, the company earned ($0.11) EPS. The company’s revenue for the quarter was up 26.2% on a year-over-year basis. research analysts expect that Cliffs Natural Resources will post 0.49 EPS for the current year.
CLF has been the topic of a number of analyst reports. FBR & Co reissued a “buy” rating and issued a $10.00 price target on shares of Cliffs Natural Resources in a research note on Wednesday, September 6th. Zacks Investment Research raised Cliffs Natural Resources from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. Axiom Securities reissued a “sell” rating on shares of Cliffs Natural Resources in a research note on Tuesday, July 25th. J P Morgan Chase & Co cut Cliffs Natural Resources from an “overweight” rating to a “neutral” rating and lifted their price target for the stock from $6.90 to $10.00 in a research note on Monday, October 23rd. Finally, TheStreet raised Cliffs Natural Resources from a “d+” rating to a “c” rating in a research note on Monday, July 31st. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. Cliffs Natural Resources currently has an average rating of “Hold” and a consensus target price of $8.79.
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In other Cliffs Natural Resources news, Chairman Lourenco Goncalves purchased 100,000 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was bought at an average cost of $7.11 per share, for a total transaction of $711,000.00. Following the completion of the acquisition, the chairman now directly owns 3,586,970 shares in the company, valued at $25,503,356.70. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.46% of the stock is owned by insiders.
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.
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