Cliffs Natural Resources (CLF) Getting Somewhat Positive Media Coverage, Report Shows
Media headlines about Cliffs Natural Resources (NYSE:CLF) have been trending somewhat positive recently, Accern reports. The research firm ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Cliffs Natural Resources earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned headlines about the mining company an impact score of 46.2973813006078 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Analysts Recommendation on Cliffs Natural Resources Inc (CLF) – AppsforPCdaily (appsforpcdaily.com)
- Detailed Research: Economic Perspectives on Gap, Cleveland-Cliffs, Altria, Express, Merck & Co., and Halliburton – What Drives Growth in Today’s Competitive Landscape (finance.yahoo.com)
- Cliffs Natural Resources Inc. (CLF) Expected to Post Quarterly Sales of $664.10 Million (americanbankingnews.com)
- China Iron Ore Imports Breach 100 Million Tons, Boosting Iron Ore Prices (finance.yahoo.com)
- Cliffs Natural Resources Inc (CLF) Facts and FiguresExpert Gazette … – ExpertGazette (expertgazette.com)
Several equities research analysts have weighed in on CLF shares. Jefferies Group LLC started coverage on Cliffs Natural Resources in a research note on Friday, July 7th. They set a “buy” rating and a $9.00 price objective on the stock. ValuEngine raised Cliffs Natural Resources from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. FBR & Co reissued a “buy” rating and set a $10.00 price objective on shares of Cliffs Natural Resources in a research note on Wednesday, September 6th. TheStreet raised Cliffs Natural Resources from a “d+” rating to a “c” rating in a research note on Monday, July 31st. Finally, Cowen and Company reissued a “hold” rating on shares of Cliffs Natural Resources in a research note on Thursday, August 3rd. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. Cliffs Natural Resources presently has an average rating of “Hold” and a consensus price target of $8.79.
Shares of Cliffs Natural Resources (NYSE CLF) traded down $0.12 during trading hours on Friday, hitting $6.09. The company’s stock had a trading volume of 7,035,220 shares, compared to its average volume of 13,172,423. The firm has a market cap of $1.83 billion, a PE ratio of 6.70 and a beta of 1.58. The company has a debt-to-equity ratio of -2.03, a current ratio of 1.89 and a quick ratio of 1.18.
Cliffs Natural Resources (NYSE:CLF) last announced its earnings results on Friday, October 20th. The mining company reported $0.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.06. Cliffs Natural Resources had a negative return on equity of 29.06% and a net margin of 5.48%. The business had revenue of $698.00 million during the quarter, compared to analyst estimates of $669.25 million. During the same quarter in the previous year, the business earned ($0.11) earnings per share. The company’s revenue for the quarter was up 26.2% compared to the same quarter last year. equities research analysts predict that Cliffs Natural Resources will post 0.49 earnings per share for the current year.
In other Cliffs Natural Resources news, Chairman Lourenco Goncalves bought 100,000 shares of the company’s stock in a transaction on Friday, September 15th. The stock was acquired at an average price of $7.11 per share, for a total transaction of $711,000.00. Following the completion of the transaction, the chairman now directly owns 3,586,970 shares of the company’s stock, valued at $25,503,356.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.46% of the stock is owned by insiders.
About Cliffs Natural Resources
Cleveland-Cliffs Inc, formerly 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.
Receive News & Ratings for Cliffs Natural Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cliffs Natural Resources Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.