Cliffs Natural Resources Inc. (NYSE:CLF) Chairman Lourenco Goncalves acquired 100,000 shares of Cliffs Natural Resources stock in a transaction that occurred on Thursday, August 10th. The shares were bought at an average price of $7.19 per share, for a total transaction of $719,000.00. Following the transaction, the chairman now owns 3,486,970 shares of the company’s stock, valued at approximately $25,071,314.30. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Cliffs Natural Resources Inc. (NYSE CLF) traded down 2.44% during midday trading on Thursday, reaching $7.19. The company’s stock had a trading volume of 8,501,541 shares. Cliffs Natural Resources Inc. has a 1-year low of $4.91 and a 1-year high of $12.37. The firm has a market cap of $2.13 billion, a price-to-earnings ratio of 32.98 and a beta of 1.69. The company has a 50 day moving average price of $7.20 and a 200 day moving average price of $7.83. Cliffs Natural Resources also was the target of unusually large options trading on Monday. Traders purchased 1,191 put options on the stock. This represents an increase of approximately 121% compared to the typical daily volume of 538 put options.

Cliffs Natural Resources (NYSE:CLF) last posted its quarterly earnings data on Thursday, July 27th. The mining company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.08. Cliffs Natural Resources had a negative return on equity of 13.83% and a net margin of 2.44%. The business had revenue of $569.30 million for the quarter, compared to analysts’ expectations of $485.93 million. During the same quarter last year, the firm earned $0.07 earnings per share. The business’s revenue was up 14.7% on a year-over-year basis. On average, equities research analysts expect that Cliffs Natural Resources Inc. will post $0.91 EPS for the current year.

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Several large investors have recently bought and sold shares of CLF. Alps Advisors Inc. boosted its stake in Cliffs Natural Resources by 0.3% in the second quarter. Alps Advisors Inc. now owns 52,796 shares of the mining company’s stock valued at $365,000 after buying an additional 137 shares during the period. Nuveen Asset Management LLC boosted its stake in Cliffs Natural Resources by 1.2% in the first quarter. Nuveen Asset Management LLC now owns 13,974 shares of the mining company’s stock valued at $115,000 after buying an additional 164 shares during the period. Teacher Retirement System of Texas boosted its stake in Cliffs Natural Resources by 3.8% in the second quarter. Teacher Retirement System of Texas now owns 22,601 shares of the mining company’s stock valued at $156,000 after buying an additional 824 shares during the period. Montgomery Investment Management Inc. boosted its stake in Cliffs Natural Resources by 3.2% in the first quarter. Montgomery Investment Management Inc. now owns 48,800 shares of the mining company’s stock valued at $400,000 after buying an additional 1,500 shares during the period. Finally, Stratos Wealth Partners LTD. boosted its stake in Cliffs Natural Resources by 16.1% in the first quarter. Stratos Wealth Partners LTD. now owns 17,871 shares of the mining company’s stock valued at $147,000 after buying an additional 2,480 shares during the period. Institutional investors and hedge funds own 66.58% of the company’s stock.

A number of brokerages recently commented on CLF. Axiom Securities reiterated a “sell” rating on shares of Cliffs Natural Resources in a research report on Tuesday, July 25th. Zacks Investment Research upgraded Cliffs Natural Resources from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. ValuEngine downgraded Cliffs Natural Resources from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. BidaskClub downgraded Cliffs Natural Resources from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, Clarkson Capital reiterated a “neutral” rating on shares of Cliffs Natural Resources in a research report on Thursday, July 27th. Four equities research 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 target price of $8.50.

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.

Insider Buying and Selling by Quarter for Cliffs Natural Resources (NYSE:CLF)

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