Trading Report: The Cliffs Natural Resources Inc. (CLF) Director Joseph A. Rutkowski Acquires 6,000 Shares

The Cliffs Natural Resources Inc. (CLF) Director Joseph A. Rutkowski Acquires 6,000 Shares

Cliffs Natural Resources Inc. (NYSE:CLF) Director Joseph A. Rutkowski acquired 6,000 shares of the business’s stock in a transaction that occurred on Friday, October 28th. The stock was purchased at an average price of $5.32 per share, for a total transaction of $31,920.00. Following the acquisition, the director now directly owns 68,236 shares in the company, valued at approximately $363,015.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Cliffs Natural Resources Inc. (NYSE:CLF) opened at 5.43 on Monday. Cliffs Natural Resources Inc. has a 12-month low of $1.20 and a 12-month high of $8.45. The stock has a 50 day moving average price of $5.78 and a 200-day moving average price of $5.49. The stock has a market cap of $1.12 billion, a P/E ratio of 27.70 and a beta of 1.75.

Cliffs Natural Resources (NYSE:CLF) last posted its quarterly earnings data on Thursday, October 27th. The mining company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by $0.30. The firm earned $553 million during the quarter, compared to analyst estimates of $597.30 million. During the same quarter last year, the business earned ($0.10) EPS. The firm’s revenue was down 6.7% on a year-over-year basis. On average, equities analysts expect that Cliffs Natural Resources Inc. will post $0.81 earnings per share for the current year.

Large investors have recently bought and sold shares of the company. Renaissance Technologies LLC boosted its stake in Cliffs Natural Resources by 52.8% in the first quarter. Renaissance Technologies LLC now owns 10,432,099 shares of the mining company’s stock valued at $31,296,000 after buying an additional 3,605,299 shares during the period. Teachers Advisors Inc. boosted its position in shares of Cliffs Natural Resources by 3.5% in the first quarter. Teachers Advisors Inc. now owns 544,734 shares of the mining company’s stock worth $1,634,000 after buying an additional 18,634 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in shares of Cliffs Natural Resources during the first quarter worth $1,629,000. Emerald Acquisition Ltd. purchased a new position in shares of Cliffs Natural Resources during the second quarter worth $1,296,000. Finally, Loomis Sayles & Co. L P purchased a new position in shares of Cliffs Natural Resources during the first quarter worth $2,500,000. Institutional investors and hedge funds own 50.75% of the company’s stock.

Several research firms recently issued reports on CLF. Credit Suisse Group AG set a $2.00 price objective on Cliffs Natural Resources and gave the company a “sell” rating in a report on Saturday, October 8th. Zacks Investment Research upgraded Cliffs Natural Resources from a “hold” rating to a “buy” rating and set a $7.50 price objective on the stock in a report on Tuesday, July 12th. Clarkson Capital upgraded Cliffs Natural Resources from a “sell” rating to a “neutral” rating in a report on Monday, July 18th. TheStreet upgraded Cliffs Natural Resources from a “sell” rating to a “hold” rating in a report on Monday, August 1st. Finally, Macquarie cut their price objective on Cliffs Natural Resources from $11.00 to $10.00 and set an “outperform” rating on the stock in a report on Monday, August 29th. Six analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $5.54.

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