Cliffs Natural Resources Inc. (NYSE:CLF) registered a -3.88% decrease, still its new closing price is 497.93% up from the company’s 1 year high of 10.90.It posted -1.25% losses in previous 5 sessions and is now the subject of 6 analysts who together assign a hold rating on stock. 1 of Wall Street analysts have an underperform rating; the 0 sells versus 0 buy or better ratings. The 9 stock analysts following this company have an average price target at $8.00, with individual PT in the $2.00-$11.00 range. The shares moved at $8.67, implying that brokerage firms see shares gaining about 438.51% in twelve months time.
Cliffs Natural Resources Inc. (CLF) SEC Form 4 News
The stock is getting much attention these days as insiders are adding shares while they posted a 3.09% rise year to date. A Director at Cliffs Natural Resources Inc. (CLF) acquired shares in a transaction closed on Thursday November 03, 2016. Fisher Robert P Jr bought 4,000 shares in the company at $5.66 each and collected $22,001 in proceeds. Fisher Robert P Jr now owns 58,663 shares in the company after this transaction. A Director in the company, Rychel Eric M, disclosed a transaction on Wednesday November 02, 2016 that ended up paying $27,001 from the purchase of 5,000 shares at $5.55 per share.
Cliffs Natural Resources Inc. (NYSE:CLF) Upcoming Results on Tap
Cliffs Natural Resources Inc. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.25 in that period. Sales during the quarter are predicted to arrive at $389.69 million.
Earnings surprise history: Last quarter, the company posted approximately $553.3 million in revenue and EPS of $-0.12. The mean forecast was for $581.01 million and $0.17 a share, respectively. One quarter earlier, revenue for the stock was at $496.2 million, with earnings at $0.07/share.
Cliffs Natural Resources Inc. (CLF) Brokerage Update
Cliffs Natural Resources Inc. (CLF) is in Morgan Stanley’s research list so their analyst rating change is noteworthy. These shares were upgraded to Equal-Weight from Underweight by Morgan Stanley, according to news reported on Monday November 14, 2016.Another important research note was issued by Macquarie on Friday June 10, 2016.The firm upgraded CLF to Outperform from Neutral. Over the last six months and over the last three months, the shares of Cliffs Natural Resources Inc. (CLF), have changed 9.61% and 71.01%, respectively.