Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Cliffs Natural Resources (CLF) Stock Price
Media coverage about Cliffs Natural Resources (NYSE:CLF) has trended somewhat positive on Thursday, Accern Sentiment reports. Accern scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. 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 coverage optimism score of 0.06 on Accern’s scale. Accern also gave news articles about the mining company an impact score of 47.0126282001882 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media stories that may have effected Accern’s scoring:
- Investors Buy Large Volume of Cliffs Natural Resources Put Options (CLF) (americanbankingnews.com)
- Cleveland-Cliffs Buys Remaining Equity Stake in Tilden Mine (finance.yahoo.com)
- FBR & Co Weighs in on Cliffs Natural Resources Inc.’s Q3 2017 Earnings (CLF) (americanbankingnews.com)
- Analyzing Cliffs Natural Resources (CLF) and Its Competitors (americanbankingnews.com)
- Cleveland-Cliffs Inc. Announces Acquisition of Remaining Equity Interest in the Tilden Mine (finance.yahoo.com)
Cliffs Natural Resources (NYSE:CLF) traded up 0.68% during trading on Thursday, reaching $7.41. The company had a trading volume of 621,939 shares. The firm has a 50-day moving average price of $7.57 and a 200 day moving average price of $7.15. The stock has a market cap of $2.20 billion, a P/E ratio of 33.99 and a beta of 1.65. Cliffs Natural Resources has a 12-month low of $4.91 and a 12-month high of $12.37. Cliffs Natural Resources also was the target of some unusual options trading activity on Monday. Investors bought 1,191 put options on the company. This is an increase of approximately 121% compared to the typical volume of 538 put options.
Cliffs Natural Resources (NYSE:CLF) last announced its quarterly earnings data 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. The business had revenue of $569.30 million during 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 firm’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.07 earnings per share. Equities research analysts predict that Cliffs Natural Resources will post $0.96 EPS for the current fiscal year.
A number of analysts have recently issued reports on CLF shares. ValuEngine raised Cliffs Natural Resources from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Jefferies Group LLC started coverage on Cliffs Natural Resources in a research report on Friday, July 7th. They set a “buy” rating and a $9.00 target price on the stock. BidaskClub raised Cliffs Natural Resources from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. FBR & Co set a $10.00 target price on Cliffs Natural Resources and gave the stock a “buy” rating in a research report on Saturday, June 17th. Finally, TheStreet raised Cliffs Natural Resources from a “d+” rating to a “c” rating in a research report on Monday, July 31st. Three research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. Cliffs Natural Resources has an average rating of “Hold” and an average price target of $9.29.
In related news, Chairman Lourenco Goncalves acquired 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 transaction, the chairman now owns 3,586,970 shares of the company’s stock, valued at $25,503,356.70. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.46% of the stock is currently owned by corporate insiders.
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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