TD Asset Management Inc. increased its position in Cliffs Natural Resources Inc. (NYSE:CLF) by 0.1% during the second quarter, Holdings Channel reports. The firm owned 38,389 shares of the mining company’s stock after buying an additional 50 shares during the period. TD Asset Management Inc.’s holdings in Cliffs Natural Resources were worth $266,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of CLF. Renaissance Technologies LLC increased its stake in Cliffs Natural Resources by 52.8% in the first quarter. Renaissance Technologies LLC now owns 10,432,099 shares of the mining company’s stock worth $31,296,000 after buying an additional 3,605,299 shares during the period. Teachers Advisors Inc. increased its stake in shares of Cliffs Natural Resources by 3.5% in the first quarter. Teachers Advisors Inc. now owns 544,734 shares of the mining company’s stock worth $1,634,000 after buying an additional 18,634 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Cliffs Natural Resources during the first quarter worth about $1,629,000. Loomis Sayles & Co. L P acquired a new stake in shares of Cliffs Natural Resources during the first quarter worth about $2,500,000. Finally, TIAA CREF Investment Management LLC increased its stake in shares of Cliffs Natural Resources by 10.6% in the first quarter. TIAA CREF Investment Management LLC now owns 1,597,899 shares of the mining company’s stock worth $4,794,000 after buying an additional 153,382 shares during the last quarter. 56.10% of the stock is owned by institutional investors and hedge funds.

Shares of Cliffs Natural Resources Inc. (NYSE:CLF) traded up 5.80% during mid-day trading on Monday, hitting $5.84. 11,560,212 shares of the stock traded hands. The firm has a 50 day moving average of $6.66 and a 200 day moving average of $4.84. Cliffs Natural Resources Inc. has a 12 month low of $1.20 and a 12 month high of $8.45. The company has a market cap of $1.07 billion, a P/E ratio of 29.05 and a beta of 2.04.

Cliffs Natural Resources (NYSE:CLF) last posted its quarterly earnings results on Thursday, July 28th. The mining company reported $0.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.00 by $0.07. The business earned $496 million during the quarter, compared to analysts’ expectations of $482.37 million. The business’s quarterly revenue was down .4% on a year-over-year basis. During the same period in the prior year, the business posted ($0.28) earnings per share. Equities analysts anticipate that Cliffs Natural Resources Inc. will post $1.09 EPS for the current fiscal year.

A number of equities research analysts have recently issued reports on the stock. TheStreet raised shares of Cliffs Natural Resources from a “sell” rating to a “hold” rating in a research report on Monday, August 1st. Cowen and Company boosted their price objective on shares of Cliffs Natural Resources from $6.00 to $9.00 and gave the company a “market perform” rating in a research report on Wednesday, August 3rd. JPMorgan Chase & Co. cut their price objective on shares of Cliffs Natural Resources from $10.50 to $10.00 and set an “overweight” rating for the company in a research report on Friday, July 29th. Zacks Investment Research raised shares of Cliffs Natural Resources from a “hold” rating to a “buy” rating and set a $8.75 price objective for the company in a research report on Monday, August 1st. Finally, Clarkson Capital raised shares of Cliffs Natural Resources from a “sell” rating to a “neutral” rating in a research report on Monday, July 18th. Seven research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. Cliffs Natural Resources currently has a consensus rating of “Hold” and a consensus target price of $4.89.

About Cliffs Natural Resources

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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