Economy

Cliffs Natural Resources Inc. (CLF) Shares Bought by Principal Financial Group Inc

Company trades at a P/E ratio of 56.07, and is more expensive than the average stock in the Industrial Metals & Minerals industry. Janney Montgomery Scott LLC bought a new position in shares of Cliffs Natural Resources during the first quarter valued at approximately $476,000. Can increased its holdings in Cliffs Natural Resources by 58.4% in the 1st quarter. Looking back over the last month, shares have performed 0.96%. Comerica Bank lifted its stake in shares of Cliffs Natural Resources by 49.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 452,176 shares of the mining company's stock valued at $3,713,000 after buying an additional 401,056 shares during the last quarter. Finally, Great West Life Assurance Co. Company's return on equity, which is really just the product of the company's profit margin, asset turnover, and financial leverage ratios, is 3.90%, which is worse than the Industrial Metals & Minerals industry average ROE.

Eaton Vance Management held its position in Cliffs Natural Resources Inc. Moreover, Whitnell And has 0.13% invested in U.S. Bancorp (NYSE:USB) for 5,668 shares.

Over the past three months, SRC Energy Inc. insiders have been net sellers, acquiring a net of 17,363 shares. On Monday, November 14 the stock rating was upgraded by Morgan Stanley to "Equal-Weight". The $135.1 level represents at least another 0.8% downside for the stock from its current price. (NYSE:CLF) saw a significant growth in short interest in the month of September.

On 5/3/2017 Lourenco Goncalves, Chairman, bought 200,000 with an average share price of $6.31 per share and the total transaction amounting to $1,262,000.00.

Taking a broader look at the analyst consensus, according to 7 analysts Cliffs Natural Resources Inc (NYSE:CLF)'s price will reach at $6.86 during 52 weeks. The mining company reported $0.26 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.18 by $0.08. The company had revenue of $569.30 million during the quarter, compared to analysts' expectations of $485.93 million.

Since the beginning of the calendar year, the stock is -14.63%. During the same period in the prior year, the firm posted $0.07 earnings per share.

Wall Street analysts are predicting that Cliffs Natural Resources Inc (NYSE:CLF) will report earnings per share of $0.33 in their quarterly report. Axiom Securities restated a "sell" rating on shares of Cliffs Natural Resources in a research note on Thursday, July 13th. That transaction by Vanguard took place on June 30, 2017, the same day Susquehanna International Group, Llp purchased an additional 2770 shares in CLF to bring its total stake to 2770. The purchase was disclosed in a filing with the SEC, which is available through this link. 168.80 million shares or 9.84% less from 187.23 million shares in 2017Q1 were reported. The first line is called the %K line, which analyzes the actual price movements in the shares and can be defined as: %K = (Current Close - Lowest Low)/(Highest High - Lowest Low) * 100.

The stock is now showing YTD performance of -12.72 Percent. Cowen and Company reiterated a "hold" rating on shares of Cliffs Natural Resources in a report on Thursday, August 3rd. Finally, TheStreet upgraded Cliffs Natural Resources from a "d+" rating to a "c" rating in a report on Monday, July 31st. They set a "buy" rating and a $9.00 target price for the company. For the current quarter Cliffs Natural Resources Inc (NYSE:CLF) has high EPS estimates of $0.37 in contradiction of low EPS estimates of $0.29. The Firm is a supplier of iron ore pellets to the North American steel industry from its mines and pellet plants located in MI and Minnesota.



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