Cliffs Natural Resources Inc. (NYSE:CLF) – Investment analysts at KeyCorp issued their Q3 2017 earnings per share estimates for shares of Cliffs Natural Resources in a note issued to investors on Wednesday. KeyCorp analyst P. Gibbs anticipates that the mining company will post earnings of $0.38 per share for the quarter. KeyCorp also issued estimates for Cliffs Natural Resources’ FY2017 earnings at $1.22 EPS and FY2018 earnings at $0.80 EPS.

Several other equities research analysts also recently weighed in on CLF. Clarkson Capital reissued a “neutral” rating on shares of Cliffs Natural Resources in a research report on Thursday, July 27th. Cowen and Company reissued a “hold” rating on shares of Cliffs Natural Resources in a research report on Thursday, August 3rd. FBR & Co set a $10.00 target price on shares of Cliffs Natural Resources and gave the stock a “buy” rating in a research report on Saturday, June 17th. BidaskClub downgraded shares of Cliffs Natural Resources from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, ValuEngine downgraded shares of Cliffs Natural Resources from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Five analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $8.50.

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Cliffs Natural Resources (NYSE:CLF) opened at 7.16 on Friday. The firm has a 50-day moving average of $7.32 and a 200 day moving average of $7.76. The firm has a market cap of $2.12 billion, a P/E ratio of 32.84 and a beta of 1.69. Cliffs Natural Resources has a 1-year low of $4.91 and a 1-year high of $12.37.

Cliffs Natural Resources (NYSE:CLF) last released its quarterly earnings data on Thursday, July 27th. The mining company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.08. Cliffs Natural Resources had a net margin of 2.44% and a negative return on equity of 13.83%. The company had revenue of $569.30 million during the quarter, compared to the consensus estimate of $485.93 million. During the same quarter in the prior year, the firm posted $0.07 earnings per share. Cliffs Natural Resources’s revenue for the quarter was up 14.7% on a year-over-year basis.

In other Cliffs Natural Resources news, Chairman Lourenco Goncalves acquired 100,000 shares of the stock in a transaction that occurred on Thursday, August 10th. The stock was acquired at an average price of $7.19 per share, with a total value of $719,000.00. Following the transaction, the chairman now directly owns 3,486,970 shares in the company, valued at $25,071,314.30. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 0.46% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in the stock. Emerald Advisers Inc. PA acquired a new stake in shares of Cliffs Natural Resources during the first quarter worth $13,889,000. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Cliffs Natural Resources during the first quarter worth $10,835,000. DUPONT CAPITAL MANAGEMENT Corp increased its stake in shares of Cliffs Natural Resources by 75.1% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 75,033 shares of the mining company’s stock worth $616,000 after buying an additional 32,174 shares in the last quarter. Old Mutual Global Investors UK Ltd. acquired a new stake in shares of Cliffs Natural Resources during the first quarter worth $45,125,000. Finally, IFP Advisors Inc increased its stake in shares of Cliffs Natural Resources by 50.0% in the first quarter. IFP Advisors Inc now owns 35,266 shares of the mining company’s stock worth $290,000 after buying an additional 11,755 shares in the last quarter. 65.23% 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.

Earnings History and Estimates for Cliffs Natural Resources (NYSE:CLF)

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