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.
About Cliffs Natural Resources