Cliffs Natural Resources (CLF) Receiving Somewhat Favorable News Coverage, Accern Reports

News articles about Cliffs Natural Resources (NYSE:CLF) have been trending somewhat positive on Sunday, according to Accern Sentiment. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Cliffs Natural Resources earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned news stories about the mining company an impact score of 45.8436470063076 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:

Several analysts have issued reports on the company. ValuEngine lowered Cliffs Natural Resources from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. FBR & Co reissued a “buy” rating and set a $10.00 price target on shares of Cliffs Natural Resources in a report on Wednesday, September 6th. Axiom Securities reissued a “sell” rating on shares of Cliffs Natural Resources in a report on Tuesday, July 25th. Zacks Investment Research raised Cliffs Natural Resources from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. Finally, BidaskClub lowered Cliffs Natural Resources from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Five investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $8.31.

Cliffs Natural Resources (NYSE:CLF) opened at 7.13 on Friday. The stock has a 50 day moving average price of $7.65 and a 200-day moving average price of $7.39. Cliffs Natural Resources has a 1-year low of $4.91 and a 1-year high of $12.37. The company has a market cap of $2.11 billion, a price-to-earnings ratio of 32.71 and a beta of 1.70.

Cliffs Natural Resources (NYSE:CLF) last posted its earnings results on Thursday, July 27th. The mining company reported $0.26 EPS for the quarter, beating 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 period last year, the firm earned $0.07 EPS. The company’s quarterly revenue was up 14.7% on a year-over-year basis. On average, equities research analysts forecast that Cliffs Natural Resources will post $0.97 EPS for the current year.

In other Cliffs Natural Resources news, Chairman Lourenco Goncalves bought 100,000 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were purchased at an average cost of $7.19 per share, for a total transaction of $719,000.00. Following 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 hyperlink. 0.46% of the stock is owned by company insiders.

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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.

Insider Buying and Selling by Quarter for Cliffs Natural Resources (NYSE:CLF)

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