News articles about Cliffs Natural Resources (NYSE:CLF) have been trending somewhat positive this week, AlphaOne reports. AlphaOne, a subsidiary of Accern, ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Cliffs Natural Resources earned a media sentiment score of 0.16 on AlphaOne’s scale. AlphaOne also assigned news coverage about the mining company an impact score of 86 out of 100, meaning that recent news coverage is very likely to have an effect on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Alpha One’s rankings:
- Cliffs Natural Resources Inc. : to Locate HBI Production Plant at Ironville Terminal (4-traders.com)
- Analysts Showing Optimistic Trends For Cliffs Natural Resources Inc. (CLF) (thedailyzipper.com)
- Forward Management Lifted Ultrapar Participacoes S A (UGP) Holding, Cliffs Natural Resources (CLF) Shorts Decreased By 5.75% (whatsonthorold.com)
- The Cliffs Natural Resources Inc (CLF) Cut to Buy at ValuEngine (thewestcoastsportsblog.com)
- Cliffs Natural Resources Will Invest In A $700 Million Project – Seeking Alpha (seekingalpha.com)
Shares of Cliffs Natural Resources (NYSE:CLF) traded up 2.93% during trading on Friday, hitting $5.98. The stock had a trading volume of 16,583,569 shares. The stock has a 50 day moving average price of $6.23 and a 200-day moving average price of $8.41. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of 34.97 and a beta of 1.68. Cliffs Natural Resources has a one year low of $4.55 and a one year high of $12.37.
Cliffs Natural Resources (NYSE:CLF) last announced its earnings results on Thursday, April 27th. The mining company reported ($0.11) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.27. The company had revenue of $461.60 million for the quarter, compared to analyst estimates of $412.71 million. Cliffs Natural Resources had a negative return on equity of 5.79% and a net margin of 1.68%. The firm’s quarterly revenue was up 51.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.62 earnings per share. On average, equities research analysts predict that Cliffs Natural Resources will post $0.96 earnings per share for the current year.
Several brokerages recently commented on CLF. FBR & Co reaffirmed a “market perform” rating and issued a $11.00 price target (up previously from $10.00) on shares of Cliffs Natural Resources in a research note on Thursday, February 16th. ValuEngine lowered Cliffs Natural Resources from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. J P Morgan Chase & Co boosted their price target on Cliffs Natural Resources from $12.00 to $13.00 and gave the company an “overweight” rating in a research note on Monday, March 27th. Zacks Investment Research raised Cliffs Natural Resources from a “hold” rating to a “buy” rating and set a $7.75 price target on the stock in a research note on Thursday, April 20th. Finally, TheStreet lowered Cliffs Natural Resources from a “c” rating to a “d+” rating in a research note on Thursday, May 4th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. Cliffs Natural Resources currently has an average rating of “Hold” and a consensus target price of $8.69.
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In related news, Director John T. Baldwin bought 6,000 shares of the business’s stock in a transaction on Wednesday, May 3rd. The shares were purchased at an average cost of $6.32 per share, with a total value of $37,920.00. Following the acquisition, the director now owns 87,991 shares of the company’s stock, valued at $556,103.12. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Lourenco Goncalves bought 200,000 shares of the business’s stock in a transaction on Wednesday, May 3rd. The shares were bought at an average cost of $6.31 per share, for a total transaction of $1,262,000.00. Following the completion of the acquisition, the chairman now directly owns 2,855,296 shares in the company, valued at approximately $18,016,917.76. The disclosure for this purchase can be found here. Insiders have acquired a total of 215,250 shares of company stock worth $1,361,283 over the last ninety days. Company insiders own 0.46% of the company’s stock.
Cliffs Natural Resources Company Profile
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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