Cliffs Natural Resources Inc. (NYSE:CLF) was the target of a significant growth in short interest in November. As of November 15th, there was short interest totalling 43,840,544 shares, a growth of 12.2% from the October 31st total of 39,058,148 shares. Currently, 15.7% of the shares of the stock are short sold. Based on an average daily volume of 9,703,556 shares, the short-interest ratio is currently 4.5 days.

Cliffs Natural Resources (CLF) opened at $6.66 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.89 and a debt-to-equity ratio of -2.03. The firm has a market cap of $1,962.90, a PE ratio of 7.20 and a beta of 1.58. Cliffs Natural Resources has a fifty-two week low of $5.56 and a fifty-two week high of $12.37.

Cliffs Natural Resources (NYSE:CLF) last posted its earnings results on Friday, October 20th. The mining company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.06. The company had revenue of $698.00 million for the quarter, compared to analyst estimates of $669.25 million. Cliffs Natural Resources had a net margin of 5.48% and a negative return on equity of 29.06%. Cliffs Natural Resources’s revenue was up 26.2% on a year-over-year basis. During the same period in the previous year, the business posted ($0.11) EPS. equities research analysts predict that Cliffs Natural Resources will post 0.49 earnings per share for the current fiscal year.

CLF has been the subject of a number of research reports. KeyCorp reissued a “hold” rating on shares of Cliffs Natural Resources in a research note on Friday, November 24th. Cowen restated a “hold” rating on shares of Cliffs Natural Resources in a research report on Thursday, August 3rd. BidaskClub lowered shares of Cliffs Natural Resources from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. Zacks Investment Research lowered shares of Cliffs Natural Resources from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, J P Morgan Chase & Co lowered shares of Cliffs Natural Resources from an “overweight” rating to a “neutral” rating and boosted their price target for the stock from $6.90 to $10.00 in a research report on Monday, October 23rd. Four analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $8.97.

In related news, Chairman Lourenco Goncalves bought 100,000 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was acquired at an average price of $7.11 per share, with a total value of $711,000.00. Following the completion of the purchase, the chairman now directly owns 3,586,970 shares of the company’s stock, valued at $25,503,356.70. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.46% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of the business. Nuveen Asset Management LLC lifted its holdings in shares of Cliffs Natural Resources by 1.2% in the 1st 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 during the last quarter. Comerica Bank lifted its holdings in shares of Cliffs Natural Resources by 49.5% in the 2nd quarter. Comerica Bank now owns 15,493 shares of the mining company’s stock worth $116,000 after acquiring an additional 5,129 shares during the last quarter. ARP Americas LLC lifted its holdings in shares of Cliffs Natural Resources by 72.5% in the 2nd quarter. ARP Americas LLC now owns 17,600 shares of the mining company’s stock worth $122,000 after acquiring an additional 7,400 shares during the last quarter. D.A. Davidson & CO. lifted its holdings in shares of Cliffs Natural Resources by 486.8% in the 2nd quarter. D.A. Davidson & CO. now owns 18,597 shares of the mining company’s stock worth $128,000 after acquiring an additional 15,428 shares during the last quarter. Finally, Moors & Cabot Inc. acquired a new position in shares of Cliffs Natural Resources in the 2nd quarter worth approximately $128,000. Institutional investors own 56.77% of the company’s stock.

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Cliffs Natural Resources Company Profile

Cleveland-Cliffs Inc, formerly 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.

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