Favorable Media Coverage Extremely Likely to Impact Cliffs Natural Resources (NYSE:CLF) Stock Price
News stories about Cliffs Natural Resources (NYSE:CLF) have trended positive on Thursday, Accern reports. The research firm scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cliffs Natural Resources earned a daily sentiment score of 0.26 on Accern’s scale. Accern also gave headlines about the mining company an impact score of 92 out of 100, indicating that recent press coverage is extremely likely to have an effect on the stock’s share price in the next few days.
These are some of the media stories that may have effected Accern Sentiment’s analysis:
- The Cliffs Natural Resources Inc. (CLF) Stock Rating Reaffirmed by Axiom Securities (fishinghd.com)
- Analysts’ View on Nucor after Its 2Q17 Earnings (finance.yahoo.com)
- What Cliffs Natural Resources’ Debt Tender Offer Means (finance.yahoo.com)
- Could Delay to Section 232 Probe Impact Cliffs Natural Resources? (finance.yahoo.com)
- Why Cliffs Natural Resources Stock Was Up 11.5% in July (finance.yahoo.com)
Shares of Cliffs Natural Resources (NYSE:CLF) traded up 1.50% during mid-day trading on Thursday, hitting $7.43. The stock had a trading volume of 6,723,612 shares. Cliffs Natural Resources has a 52-week low of $4.91 and a 52-week high of $12.37. The company’s 50 day moving average is $6.94 and its 200-day moving average is $7.88. The stock has a market cap of $2.20 billion, a P/E ratio of 15.16 and a beta of 1.68.
Cliffs Natural Resources (NYSE:CLF) last issued its earnings results on Thursday, July 27th. The mining company reported $0.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.08. Cliffs Natural Resources had a negative return on equity of 13.83% and a net margin of 2.44%. The firm had revenue of $569.30 million for the quarter, compared to analysts’ expectations of $485.93 million. During the same quarter last year, the business earned $0.07 earnings per share. The company’s revenue was up 14.7% compared to the same quarter last year. On average, equities research analysts anticipate that Cliffs Natural Resources will post $0.91 earnings per share for the current fiscal year.
Several brokerages have weighed in on CLF. Axiom Securities reaffirmed a “sell” rating on shares of Cliffs Natural Resources in a report on Tuesday, July 25th. ValuEngine raised Cliffs Natural Resources from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 11th. FBR & Co raised Cliffs Natural Resources from a “market perform” rating to an “outperform” rating and dropped their price objective for the company from $11.00 to $10.00 in a research note on Friday, April 28th. Zacks Investment Research lowered Cliffs Natural Resources from a “buy” rating to a “hold” rating in a research note on Friday, April 21st. Finally, BidaskClub upgraded Cliffs Natural Resources from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $8.50.
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.
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