Cliffs Natural Resources (CLF) Earning Somewhat Positive Media Coverage, Report Shows
Media headlines about Cliffs Natural Resources (NYSE:CLF) have trended somewhat positive on Wednesday, according to Accern. Accern ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cliffs Natural Resources earned a news impact score of 0.21 on Accern’s scale. Accern also gave media stories about the mining company an impact score of 45.7475312450729 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- Cleveland-Cliffs Inc. — Moody’s assigns Ba3 rating to Cliffs proposed Senior Secured Guaranteed notes (finance.yahoo.com)
- ETFs with exposure to Cleveland-Cliffs, Inc. : December 5, 2017 (finance.yahoo.com)
- Cleveland-Cliffs Inc. Announces Proposed Offering of $275,000,000 of Convertible Senior Notes due 2025 (finance.yahoo.com)
- Cleveland-Cliffs Inc. Announces Proposed Offering of $400,000,000 of Senior Secured Notes due 2024 (finance.yahoo.com)
- Cleveland-Cliffs, Inc. breached its 50 day moving average in a Bullish Manner : CLF-US : December 1, 2017 (finance.yahoo.com)
Several equities research analysts have recently weighed in on CLF shares. B. Riley reissued a “buy” rating on shares of Cliffs Natural Resources in a research report on Wednesday, November 1st. Jefferies Group reissued a “buy” rating on shares of Cliffs Natural Resources in a research report on Monday, September 18th. FBR & Co reissued a “buy” rating and issued a $10.00 price objective on shares of Cliffs Natural Resources in a research report on Wednesday, September 6th. ValuEngine lowered Cliffs Natural Resources from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Cowen set a $7.00 target price on Cliffs Natural Resources and gave the company a “hold” rating in a research note on Tuesday, October 17th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. Cliffs Natural Resources presently has a consensus rating of “Hold” and a consensus price target of $8.97.
Cliffs Natural Resources (NYSE:CLF) last issued its earnings results on Friday, October 20th. The mining company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.06. The business had revenue of $698.00 million during the quarter, compared to analyst estimates of $669.25 million. Cliffs Natural Resources had a negative return on equity of 29.06% and a net margin of 5.48%. Cliffs Natural Resources’s revenue was up 26.2% on a year-over-year basis. During the same period in the prior year, the company posted ($0.11) earnings per share. research analysts predict that Cliffs Natural Resources will post 0.49 EPS for the current fiscal year.
In other news, Chairman Lourenco Goncalves bought 100,000 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was acquired at an average cost of $7.11 per share, for a total transaction of $711,000.00. Following the completion of the purchase, the chairman now owns 3,586,970 shares of the company’s stock, valued at approximately $25,503,356.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.46% 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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