JP Morgan Downgrades Rating On Cleveland-Cliffs Inc. (CLF)

JP Morgan Downgrades Rating On Cleveland-Cliffs Inc. (CLF)”

Currently Cliffs Natural Resources Inc (NYSE:CLF)'s shares owned by insiders are 1.5%, whereas shares owned by institutional owners are 59.1%.

Taking a broader look brokerage firms' analysts on the street with an expectant view have Cliffs Natural Resources Inc (NYSE:CLF) high price target of $10 and with a conservative view have low price target of $3. The company slightly reduced volume guidance in the USA and Australia, while maintaining prior cost guidance in the US, and increased Australian cost guidance (mostly as a result of the weaker USD). The Company's price to free cash flow for trailing twelve months is 13.56.

Several other research firms also recently weighed in on CLF.

For the Current Quarter, the growth estimate for Cliffs Natural Resources 366.7%, while for the Next Quarter the stock growth estimate is 8.8%. Vetr's target price points to a potential upside of 9.91% from the stock's previous close. BidaskClub raised shares of Cliffs Natural Resources from a hold rating to a buy rating in a report on Thursday, July 6th.

Shares of Cliffs Natural Resources (NYSE:CLF) traded up 4.26% during trading on Wednesday, reaching $9.79. Axiom Securities reiterated a "sell" rating on shares of Cliffs Natural Resources in a report on Saturday, November 26th. Six research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. The mean target price as estimated by the analysts for the company has been recorded at $57.95.

According to analysts Cliffs Natural Resources Inc (NYSE:CLF)'s minimum EPS for the current quarter is at $0.29 and can go high up to $0.37. The company has a 50-day moving average of $9.29 and a 200-day moving average of $7.06. Cliffs Natural Resources has a 12 month low of $1.22 and a 12 month high of $10.90.

Cliffs Natural Resources (NYSE:CLF) last issued its quarterly earnings results on Friday, October 20th. The mining company reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.30 by $0.06. Cliffs Natural Resources's revenue was down 6.7% on a year-over-year basis. The business had revenue of $553 million for the quarter, compared to analysts' expectations of $597.30 million. Next quarter's EPS is expected be $0.10 and the next full year EPS is projected to be $0.86.

COPYRIGHT VIOLATION WARNING: "Cliffs Natural Resources Inc".

A number of research firms recently commented on CLF. If you are viewing this report on another site, it was illegally copied and republished in violation of U.S. and worldwide copyright and trademark legislation. The correct version of this news story can be accessed at The shares were bought at an average cost of $7.11 per share, for a total transaction of $711,000.00.

In related news, Director John T. Baldwin bought 10,000 shares of the company's stock in a transaction dated Monday, October 31st. The purchase was disclosed in a document filed with the SEC, which is available through this link. Stifel Financial Corp increased its position in Cliffs Natural Resources by 20.8% in the second quarter. Outstanding shares refer to a company's stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company's officers and insiders. The stock has been active on the tape, now trading at $7.02, down from yesterday's close by -5.65%. Vanguard Group Inc. grew its stake in Cliffs Natural Resources by 53.3% during the first quarter. Nuveen Asset Management LLC now owns 13,974 shares of the mining company's stock worth $115,000 after acquiring an additional 164 shares in the last quarter.

Shares of Cliffs Natural Resources Inc.

On the other hand the company has Relative Strength Index (RSI 14) of 45.57 along with Average True Range (ATR 14) of 0.34, Consequently Cliffs Natural Resources Inc (NYSE:CLF)'s weekly and monthly volatility is 5.93%, 4.37% respectively. The Company 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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