Shares of Cliffs Natural Resources Inc. (NYSE:CLF) have been assigned a consensus recommendation of “Hold” from the fourteen ratings firms that are covering the stock. Seven analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $5.37.

CLF has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Cliffs Natural Resources from a “hold” rating to a “buy” rating and set a $6.50 price target on the stock in a research note on Monday, October 3rd. Vetr downgraded shares of Cliffs Natural Resources from a “strong-buy” rating to a “buy” rating and set a $6.42 price target on the stock. in a research note on Monday, November 7th. TheStreet raised shares of Cliffs Natural Resources from a “sell” rating to a “hold” rating in a research note on Monday, August 1st. FBR & Co set a $6.00 target price on shares of Cliffs Natural Resources and gave the stock a “hold” rating in a research note on Thursday, October 13th. Finally, Cowen and Company upped their target price on shares of Cliffs Natural Resources from $6.00 to $9.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 3rd.

Shares of Cliffs Natural Resources (NYSE:CLF) opened at 7.41 on Tuesday. The firm has a market capitalization of $1.71 billion, a P/E ratio of 37.81 and a beta of 1.42. Cliffs Natural Resources has a 52 week low of $1.20 and a 52 week high of $8.45. The firm has a 50-day moving average of $5.91 and a 200 day moving average of $5.63.

Cliffs Natural Resources (NYSE:CLF) last released its quarterly earnings results on Thursday, October 27th. The mining company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by $0.30. The firm had revenue of $553 million for the quarter, compared to analyst estimates of $597.30 million. The business’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same quarter last year, the business earned ($0.10) earnings per share. On average, equities research analysts expect that Cliffs Natural Resources will post $0.77 EPS for the current fiscal year.

In other Cliffs Natural Resources news, Director Joseph A. Rutkowski purchased 6,000 shares of the firm’s stock in a transaction that occurred on Friday, October 28th. The stock was purchased at an average price of $5.32 per share, for a total transaction of $31,920.00. Following the purchase, the director now directly owns 68,236 shares in the company, valued at $363,015.52. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Eric M. Rychel purchased 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 2nd. The shares were acquired at an average price of $5.55 per share, with a total value of $27,750.00. Following the purchase, the director now owns 11,845 shares in the company, valued at $65,739.75. The disclosure for this purchase can be found here. 4.52% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of CLF. TIAA CREF Investment Management LLC boosted its stake in shares of Cliffs Natural Resources by 10.6% in the first quarter. TIAA CREF Investment Management LLC now owns 1,597,899 shares of the mining company’s stock worth $4,794,000 after buying an additional 153,382 shares in the last quarter. Teachers Advisors Inc. boosted its stake in shares of Cliffs Natural Resources by 3.5% in the first quarter. Teachers Advisors Inc. now owns 544,734 shares of the mining company’s stock worth $1,634,000 after buying an additional 18,634 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Cliffs Natural Resources by 15.1% in the first quarter. BlackRock Inc. now owns 35,494 shares of the mining company’s stock worth $107,000 after buying an additional 4,666 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Cliffs Natural Resources by 119.6% in the first quarter. JPMorgan Chase & Co. now owns 1,211,325 shares of the mining company’s stock worth $3,634,000 after buying an additional 659,797 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Cliffs Natural Resources by 43.5% in the first quarter. State Street Corp now owns 11,587,242 shares of the mining company’s stock worth $34,763,000 after buying an additional 3,514,416 shares in the last quarter. Hedge funds and other institutional investors own 53.18% of the company’s stock.

About Cliffs Natural Resources

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

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