The company “admits having been involved in the long steel and scrap metal cartels, and agrees to pay an administrative penalty of 1.5 billion rand”, it said in a statement. The company will report its next earnings on Oct 27 – Oct 31 (Est.).
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Some buy side analysts are also providing their Analysis on Cliffs Natural Resources Inc., where 0 analysts have rated the stock as Strong buy, 2 analysts have given a Buy signal, 4 said it’s a HOLD, 2 reported it as Underperform and 0 analysts rated the stock as Sell.
U.S. based company, Cliffs Natural Resources Inc.’s (CLF)’s latest closing price distance was 55.96% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at -11.85% and -17.50% compared with the 20 Day Moving Average.
While looking at the Stock’s Performance, Cliffs Natural Resources Inc. now shows a Weekly Performance of -6.79%, where Monthly Performance is -24.84%, Quarterly performance is 77.71%, 6 Months performance is 224.18% and yearly performance percentage is 79.88%. They now have a Dollars 2 price target on the stock.
Cliffs Natural Resources Inc (CLF) has shown a low EPS growth of -37.80% in the last 5 years and has earnings growth of 125.40% yoy.
Price Momentum: Despite the -8.93% drop in value, the stock’s new closing price reflects a -32.43% fall in price from company’s one year high of $8.45.
According to FT, The 26 analysts offering 12 month price targets for Citigroup Inc have a median target of 53.00, with a high estimate of 66.00 and a low estimate of 44.00. The stock traded with the volume of 12.88 Million in the last trading session.
07/18/2016 – Cliffs Natural Resources Inc. had its “neutral” rating reiterated by analysts at Clarkson Capital.
The price/earnings ratio (P/E) is 9.14 and the forward P/E ratio stands at 15.18.
Investors evaluating CLF stock at the current market price of $5.71/share should know the company will next release quarterly results for the September 2016 quarter.
07/12/2016 – Cliffs Natural Resources Inc. had its “overweight” rating reiterated by analysts at JP Morgan. The company recorded a trading capacity of 2.96 million shares below its three months average daily volume of 4.14 million shares.
The company has its Return on Assets (ROA) of 2.2 Percent. CLF’s value Change from Open was at -2.53% with a Gap of 0.34%.
Currently, the stock carries a price to earnings ratio of 9.05, a price to book ratio of 0, and a price to sales ratio of 0.72.
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Insider Activity: Corporate insiders look mixed about the outlook of the company stock that they seem to trade shares both ways while they have 261.39 jumped so far this year. (YTD performance is the most important factor to consider; if YTD is negative, the stock is declining; if the YTD Performance value is Positive the stock is surging).
