Cliffs Natural Resources Inc. (NYSE:CLF) – FBR & Co upped their FY2016 EPS estimates for shares of Cliffs Natural Resources in a research note issued on Thursday. FBR & Co analyst L. Pipes now expects that the brokerage will earn $0.99 per share for the year, up from their prior estimate of $0.98. FBR & Co has a “Hold” rating and a $6.00 price objective on the stock. FBR & Co also issued estimates for Cliffs Natural Resources’ Q4 2016 earnings at $0.16 EPS.

Cliffs Natural Resources (NYSE:CLF) last posted its quarterly earnings data on Thursday, July 28th. The mining company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.00 by $0.07. The company earned $496 million during the quarter, compared to analysts’ expectations of $482.37 million. The company’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter last year, the company earned ($0.28) earnings per share.

Earnings History and Estimates for Cliffs Natural Resources (NYSE:CLF)

Several other research firms have also issued reports on CLF. Cowen and Company lifted their price target on shares of Cliffs Natural Resources from $6.00 to $9.00 and gave the stock a “market perform” rating in a report on Wednesday, August 3rd. TheStreet raised shares of Cliffs Natural Resources from a “sell” rating to a “hold” rating in a report on Monday, August 1st. JPMorgan Chase & Co. cut their price target on shares of Cliffs Natural Resources from $10.50 to $10.00 and set an “overweight” rating on the stock in a report on Friday, July 29th. Zacks Investment Research raised shares of Cliffs Natural Resources from a “hold” rating to a “buy” rating and set a $8.75 price target on the stock in a report on Monday, August 1st. Finally, Clarkson Capital raised shares of Cliffs Natural Resources from a “sell” rating to a “neutral” rating in a report on Monday, July 18th. Seven research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. Cliffs Natural Resources presently has a consensus rating of “Hold” and a consensus target price of $4.78.

Shares of Cliffs Natural Resources (NYSE:CLF) opened at 5.34 on Friday. The stock has a 50 day moving average price of $5.77 and a 200 day moving average price of $5.29. The stock has a market capitalization of $981.87 million, a price-to-earnings ratio of 26.57 and a beta of 1.75. Cliffs Natural Resources has a 1-year low of $1.20 and a 1-year high of $8.45.

Several hedge funds and other institutional investors have recently modified their holdings of CLF. IFP Advisors Inc increased its position in shares of Cliffs Natural Resources by 3.4% in the second quarter. IFP Advisors Inc now owns 30,278 shares of the mining company’s stock worth $172,000 after buying an additional 1,000 shares during the period. Metropolitan Life Insurance Co. NY boosted its stake in Cliffs Natural Resources by 1.4% in the first quarter. Metropolitan Life Insurance Co. NY now owns 108,912 shares of the mining company’s stock worth $327,000 after buying an additional 1,550 shares in the last quarter. Ancora Advisors LLC boosted its stake in Cliffs Natural Resources by 5.7% in the second quarter. Ancora Advisors LLC now owns 32,860 shares of the mining company’s stock worth $186,000 after buying an additional 1,775 shares in the last quarter. BlackRock Advisors LLC boosted its stake in Cliffs Natural Resources by 2.6% in the second quarter. BlackRock Advisors LLC now owns 79,597 shares of the mining company’s stock worth $451,000 after buying an additional 1,999 shares in the last quarter. Finally, Amalgamated Bank boosted its stake in Cliffs Natural Resources by 16.4% in the second quarter. Amalgamated Bank now owns 19,188 shares of the mining company’s stock worth $127,000 after buying an additional 2,710 shares in the last quarter. Institutional investors and hedge funds own 50.66% of the company’s stock.

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.

5 Day Chart for NYSE:CLF

Receive News & Stock 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 stocks with our FREE daily email newsletter.