Cliffs Natural Resources (NYSE:CLF) Earns Coverage Optimism Rating of 0.17

Media stories about Cliffs Natural Resources (NYSE:CLF) have trended somewhat positive on Sunday, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cliffs Natural Resources earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave media headlines about the mining company an impact score of 46.5592131682754 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

These are some of the media headlines that may have impacted Accern Sentiment’s rankings:

Cliffs Natural Resources (NYSE:CLF) remained flat at $7.19 during midday trading on Friday. 7,532,177 shares of the stock were exchanged. The stock has a 50 day moving average price of $7.26 and a 200-day moving average price of $7.81. The company has a market capitalization of $2.13 billion, a P/E ratio of 32.98 and a beta of 1.69. Cliffs Natural Resources has a 12 month low of $4.91 and a 12 month high of $12.37.

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

Several research analysts have issued reports on CLF shares. FBR & Co set a $10.00 price target on Cliffs Natural Resources and gave the company a “buy” rating in a report on Saturday, June 17th. ValuEngine downgraded shares of Cliffs Natural Resources from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Jefferies Group LLC started coverage on shares of Cliffs Natural Resources in a research note on Friday, July 7th. They set a “buy” rating and a $9.00 target price on the stock. BidaskClub raised shares of Cliffs Natural Resources from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Finally, Zacks Investment Research raised shares of Cliffs Natural Resources from a “hold” rating to a “buy” rating and set a $7.75 target price on the stock in a research note on Thursday, April 20th. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $8.50.

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In other news, Chairman Lourenco Goncalves bought 100,000 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was bought at an average cost 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 $25,071,314.30. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.46% of the stock is currently owned by insiders.

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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