Cliffs Natural Resources Inc. (NYSE:CLF)‘s stock had its “sell” rating reissued by stock analysts at Axiom Securities in a research report issued to clients and investors on Tuesday.

A number of other equities research analysts also recently weighed in on CLF. BidaskClub downgraded shares of Cliffs Natural Resources from a “buy” rating to a “hold” rating in a report on Tuesday. FBR & Co set a $10.00 price target on shares of Cliffs Natural Resources and gave the company a “buy” rating in a report on Saturday, June 17th. Jefferies Group LLC assumed coverage on shares of Cliffs Natural Resources in a report on Friday, July 7th. They issued a “buy” rating and a $9.00 price target for the company. Zacks Investment Research downgraded shares of Cliffs Natural Resources from a “hold” rating to a “strong sell” rating in a report on Wednesday, June 28th. Finally, ValuEngine downgraded shares of Cliffs Natural Resources from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $8.50.

Shares of Cliffs Natural Resources (NYSE:CLF) traded up 4.80% during trading on Tuesday, reaching $7.86. 17,047,333 shares of the company’s stock were exchanged. The firm has a market capitalization of $2.33 billion, a PE ratio of 45.96 and a beta of 1.65. The company’s 50-day moving average price is $6.68 and its 200 day moving average price is $7.95. Cliffs Natural Resources has a 52 week low of $4.91 and a 52 week high of $12.37. Cliffs Natural Resources also saw some unusual options trading activity on Monday. Stock investors acquired 1,191 put options on the company. This is an increase of 121% compared to the typical volume of 538 put options.

Cliffs Natural Resources (NYSE:CLF) last issued its quarterly earnings results on Thursday, April 27th. The mining company reported ($0.11) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.27. Cliffs Natural Resources had a net margin of 1.68% and a negative return on equity of 5.79%. The business had revenue of $461.60 million during the quarter, compared to analyst estimates of $412.71 million. During the same period in the previous year, the company posted $0.62 earnings per share. Cliffs Natural Resources’s revenue was up 51.1% compared to the same quarter last year. Analysts predict that Cliffs Natural Resources will post $0.87 EPS for the current fiscal year.

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In related news, Director John T. Baldwin purchased 6,000 shares of Cliffs Natural Resources stock in a transaction dated Wednesday, May 3rd. The stock was acquired at an average cost of $6.32 per share, with a total value of $37,920.00. Following the completion of the transaction, the director now directly owns 87,991 shares of the company’s stock, valued at $556,103.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Lourenco Goncalves purchased 200,000 shares of Cliffs Natural Resources stock in a transaction dated Wednesday, May 3rd. The stock was bought at an average cost of $6.31 per share, with a total value of $1,262,000.00. Following the completion of the transaction, the chairman now directly owns 2,855,296 shares of the company’s stock, valued at $18,016,917.76. The disclosure for this purchase can be found here. Insiders have acquired 215,250 shares of company stock valued at $1,361,283 over the last ninety days. Insiders own 0.46% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Parkwood LLC raised its stake in Cliffs Natural Resources by 73.6% in the second quarter. Parkwood LLC now owns 114,440 shares of the mining company’s stock worth $792,000 after buying an additional 48,504 shares during the period. ING Groep NV bought a new stake in Cliffs Natural Resources during the second quarter worth about $152,000. Wellington Shields Capital Management LLC raised its stake in Cliffs Natural Resources by 100.0% in the second quarter. Wellington Shields Capital Management LLC now owns 50,000 shares of the mining company’s stock worth $346,000 after buying an additional 25,000 shares during the period. Aperio Group LLC raised its stake in Cliffs Natural Resources by 94.7% in the second quarter. Aperio Group LLC now owns 40,721 shares of the mining company’s stock worth $282,000 after buying an additional 19,810 shares during the period. Finally, B & T Capital Management DBA Alpha Capital Management raised its stake in Cliffs Natural Resources by 48.7% in the second quarter. B & T Capital Management DBA Alpha Capital Management now owns 189,652 shares of the mining company’s stock worth $1,312,000 after buying an additional 62,129 shares during the period. 66.64% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Cliffs Natural Resources (NYSE:CLF)

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