Over the 52-week time span, the stock notched a high price of $8.45 and its minimum price was $1.2. (NYSE:CLF) closed the trading at a price of $6.70 with the positive change of +5.51%. A look on the firm performance, its monthly performance is -12.28% and a quarterly performance of -8.56%. The stock has its Price to Earnings (P/E) ratio of 10.06 and Forward Price to Earnings ratio of 15.68. The Average price target is noted at $7.83, this average price is calculated and based on coming up with go through the consensus of analysts and stock’s current price is placed at $6.7.
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Loss from continuing operations of $4.1 million, or $0.05 per diluted common share in the second quarter of 2016, contrast to earnings from continuing operations of $4.8 million or $0.07 per diluted common share in the second quarter of 2015. The business earned $496 million during the quarter, compared to analysts’ expectations of $482.37 million. The firm’s revenue was down.4% compared to the same quarter a year ago. The company has its Price to Sales (P/S) ratio of 0.65 where Price to Book (P/B) ratio of 0, Price to Cash Per share (P/C) of 11.25 and Price to Free Cash Flow (P/FCF) has a value of 6.08.
Cliffs Natural Resources Inc. reported Actual EPS of $0.07/Share whereas, the Analyst Estimated EPS was $0.02/share.
Several hedge funds have recently bought and sold shares of the company.
Cliffs Natural Resources Inc. annual Divided is 0 while its Dividend Yield is 0%. Wellington Management Group LLP now owns 97,121 shares of the mining company’s stock valued at $291,000 after buying an additional 85,233 shares during the last quarter. They now have a Dollars 3.5 price target on the stock. L P purchased a new stake in Cliffs Natural Resources during the first quarter valued at $2,500,000. The last bid price was called at $6.70 and the ask price was stated at $6.75. CLF’s value Change from Open was at 3.72% with a Gap of 1.73%.
03/10/2016 – Credit Suisse began new coverage on Cliffs Natural Resources Inc. giving the company a “underperform” rating.
05/23/2016 – Cliffs Natural Resources Inc. had its “sell” rating reiterated by analysts at Axiom Capital. Finally, Clarkson Capital upgraded shares of Cliffs Natural Resources from a “sell” rating to a “neutral” rating in a research note on Monday, July 18th. Based on the most relevant historical data, there is a 50 percent probability for share price to go up following the next earnings report. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. 4 analysts have rated the company as a strong “Hold”.
The average true range of Cliffs Natural Resources Inc.’s (CLF) is recorded at 0.48 and the relative strength index of the stock stands 44.22.
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Cliffs supplies North American steel industry with iron ore pellets produced from its plants in MI and Minnesota.
