Media headlines about Cliffs Natural Resources (NYSE:CLF) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of 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 0.13 on Accern’s scale. Accern also gave news headlines about the mining company an impact score of 48.1781018549093 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
- At Waite High Thursday: Cliff’s to host open house for new East Toledo plant – Press Publications Inc. (presspublications.com)
- Cliffs Inc. (NYSE:CLF) Traded Significantly Above Its 50 Day Moving Average (newstrendstoday.com)
- Cliffs Inc. (NYSE:CLF) Touching Most Active List Today (topactu.net)
- Cliffs Inc. (NYSE:CLF) Closed 10.5% Above Its 50 Day Average (currenthollywood.com)
- Active Stock You Need to Watch: Cliffs Natural Resources Inc (CLF) (wisdomsave.com)
Shares of Cliffs Natural Resources (CLF) traded down 3.40% during trading on Wednesday, hitting $7.39. The stock had a trading volume of 11,582,075 shares. Cliffs Natural Resources has a 12-month low of $4.91 and a 12-month high of $12.37. The firm has a 50 day moving average price of $7.69 and a 200 day moving average price of $7.42. The firm has a market cap of $2.19 billion, a P/E ratio of 33.90 and a beta of 1.70.
Cliffs Natural Resources (NYSE:CLF) last released its quarterly earnings results on Thursday, July 27th. The mining company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.18 by $0.08. The business had revenue of $569.30 million for the quarter, compared to analyst estimates of $485.93 million. Cliffs Natural Resources had a net margin of 2.44% and a negative return on equity of 13.83%. The company’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.07 earnings per share. On average, equities analysts expect that Cliffs Natural Resources will post $0.97 earnings per share for the current fiscal year.
CLF has been the subject of a number of recent research reports. ValuEngine cut Cliffs Natural Resources from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub upgraded Cliffs Natural Resources from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Axiom Securities reissued a “sell” rating on shares of Cliffs Natural Resources in a report on Thursday, July 13th. Zacks Investment Research lowered Cliffs Natural Resources from a “hold” rating to a “strong sell” rating in a report on Wednesday, June 28th. Finally, Cowen and Company reissued a “market perform” rating and issued a $7.00 target price on shares of Cliffs Natural Resources in a report on Wednesday, June 28th. Five equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. Cliffs Natural Resources currently has an average rating of “Hold” and a consensus price target of $8.31.
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In other Cliffs Natural Resources news, Chairman Lourenco Goncalves purchased 100,000 shares of the stock in a transaction dated Thursday, August 10th. The shares were acquired at an average cost of $7.19 per share, for a total transaction of $719,000.00. Following the completion of the transaction, the chairman now directly owns 3,486,970 shares of the company’s stock, valued at $25,071,314.30. The purchase was disclosed in a filing with the SEC, which is available at this link. 0.46% of the stock is owned by corporate insiders.
About Cliffs Natural Resources
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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