The Top Three Holders Of Cliffs Natural Resources Inc. (CLF)

13 Février, 2017, 21:31 | Auteur: Stephane Girardot
  • Cliffs Natural Resources Inc. (CLF) Sees Strong Trading Volume After Strong Earnings

The stock had previously closed at $9.52. The mining company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.19. The firm earned $754 million during the quarter, compared to analysts' expectations of $662.09 million.

For the Current Quarter, the growth estimate for Cliffs Natural Resources Inc.is -74.2%, while for the Next Quarter the stock growth estimate is 300%. During the same quarter in the previous year, the firm posted ($0.39) EPS. (NYSE:CLF) has climbed 26.85% in the past week and advanced 20.8% in the last 4 weeks. The relative price strength of Cliffs Natural Resources Inc. has a positive value of 180.33 compared to overall market. The 52-week range of the share price is from $4.26 - $17.20.

J.P. Morgan raised its target price for Cliffs's stock from $10 to $12 but retained its "overweight" rating on the stock. Axiom now has a "sell" rating on Cliffs.

Large investors have recently bought and sold shares of the company. Finally, Amalgamated Bank raised its position in shares of Cliffs Natural Resources by 16.4% in the second quarter. (NYSE:CLF) reached 567.66% versus a 1-year low price of $1.72. BlackRock Fund Advisors increased its position in Cliffs Natural Resources by 35.5% in the third quarter. Schwab Charles Investment Management Inc. boosted its position in Cliffs Natural Resources by 186.3% in the second quarter. Five investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. Finally, HRT Financial LLC purchased a new position in Cliffs Natural Resources during the second quarter worth about $205,000. Neuberger Berman Group LLC now owns 3,105,563 shares of the mining company's stock valued at $18,168,000 after buying an additional 456,561 shares during the last quarter. LMR Partners LLP purchased a new stake in Cliffs Natural Resources during the second quarter valued at $114,000. The firm has a 50 day moving average of $9.10 and a 200-day moving average of $7.49. The stock has a market cap of $2.58 billion, a P/E ratio of 12.80 and a beta of 1.63. Credit Suisse Group reaffirmed an "underperform" rating and set a $6.00 price target on shares of Cliffs Natural Resources in a report on Friday, January 13th. "(CLF) Reaches New 1-Year High After Earnings Beat" was first reported by BBNS and is owned by of BBNS. If you are accessing this news story on another publication, it was copied illegally and republished in violation of USA & global copyright legislation. The original version of this article can be viewed at https://www.thecerbatgem.com/2017/02/12/cliffs-natural-resources-inc-clf-sees-strong-trading-volume-after-strong-earnings.html.

COPYRIGHT VIOLATION NOTICE: "Cliffs Natural Resources Inc". While speaking to Benzinga, the analyst mentioned that not only does he expect iron ore prices to fall from current levels, the analyst also views auto sales as a headwind for the USA steel industry in 2017. The improved pricing environment is reflected in the realized prices of the Asia Pacific Iron Ore division, for which pricing contracts are closely linked to spot prices.

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