Cliffs Natural Resources Inc. (NYSE:CLF) – Equities researchers at KeyCorp issued their FY2017 earnings per share estimates for shares of Cliffs Natural Resources in a note issued to investors on Monday. KeyCorp analyst P. Gibbs expects that the firm will post earnings per share of $0.58 for the year.

Cliffs Natural Resources (NYSE:CLF) last posted its quarterly earnings results on Thursday, July 28th. The mining company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.00 by $0.07. The firm had revenue of $496 million for the quarter, compared to analysts’ expectations of $482.37 million. The company’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the prior year, the company earned ($0.28) earnings per share.

Several other research analysts have also weighed in on CLF. Zacks Investment Research raised shares of Cliffs Natural Resources from a “hold” rating to a “buy” rating and set a $7.50 price objective for the company in a report on Tuesday, July 12th. TheStreet raised shares of Cliffs Natural Resources from a “sell” rating to a “hold” rating in a report on Monday, August 1st. Clarkson Capital raised shares of Cliffs Natural Resources from a “sell” rating to a “neutral” rating in a report on Monday, July 18th. Macquarie decreased their price objective on shares of Cliffs Natural Resources from $11.00 to $10.00 and set an “outperform” rating for the company in a report on Monday, August 29th. Finally, Cowen and Company raised their price objective on shares of Cliffs Natural Resources from $6.00 to $9.00 and gave the stock a “market perform” rating in a report on Wednesday, August 3rd. Seven equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $4.89.

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Cliffs Natural Resources (NYSE:CLF) traded up 3.492% on Wednesday, reaching $6.075. 10,645,757 shares of the company traded hands. The company has a market capitalization of $1.12 billion, a P/E ratio of 30.224 and a beta of 2.04. The company has a 50-day moving average price of $6.32 and a 200-day moving average price of $4.95. Cliffs Natural Resources has a 12 month low of $1.20 and a 12 month high of $8.45.

Several hedge funds have recently added to or reduced their stakes in the company. IFP Advisors Inc increased its stake in Cliffs Natural Resources by 3.4% in the second quarter. IFP Advisors Inc now owns 30,278 shares of the mining company’s stock worth $172,000 after buying an additional 1,000 shares during the period. Public Employees Retirement System of Ohio bought a new stake in Cliffs Natural Resources during the second quarter worth approximately $1,047,000. Schwab Charles Investment Management Inc. increased its stake in Cliffs Natural Resources by 186.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 4,220,732 shares of the mining company’s stock worth $23,932,000 after buying an additional 2,746,729 shares during the period. Stifel Financial Corp increased its stake in Cliffs Natural Resources by 20.8% in the second quarter. Stifel Financial Corp now owns 19,532 shares of the mining company’s stock worth $111,000 after buying an additional 3,360 shares during the period. Finally, Amalgamated Bank increased its stake in Cliffs Natural Resources by 16.4% in the second quarter. Amalgamated Bank now owns 19,188 shares of the mining company’s stock worth $127,000 after buying an additional 2,710 shares during the period. Institutional investors own 50.66% 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.

5 Day Chart for NYSE:CLF

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