Stock with Unusual Volume: Cliffs Natural Resources Inc. (NYSE:CLF)

Part of the data in this report is derived from Zacks Research and FactSet. (NYSE:CLF) right now sits at consensus rating of 3.00 while 2 analysts have advocated the shares as "BUY", 0 calls it an "OUTPERFORM" and 5 suggest "HOLD". Vetr lowered Cliffs Natural Resources from a "strong-buy" rating to a "buy" rating and set a $10.76 price target for the a research note on Wednesday, January 11th. (NYSE:CLF) where Morgan Stanley provided Equal-Weight rating on the stock on 14-Nov-16. Finally, Axiom Securities reaffirmed a "sell" rating on shares of Cliffs Natural Resources in a research note on Tuesday, December 27th. Founded in 1847, Cliffs Natural Resources recognized as the largest and oldest independent iron ore mining company in the United States. Analyst had a consensus of $0.26. If you are accessing this story on another publication, it was illegally copied and republished in violation of United States & worldwide copyright & trademark laws. The highest analyst price target is $15.00, which implies a rally of 60 percent.

Institutional investors have recently added to or reduced their stakes in the stock.

It is widely believed that the more practical proxy for the market's expectations is analyst's consensus price estimates. Schwab Charles Investment Management Inc. now owns 4,220,732 shares of the mining company's stock valued at $23,932,000 after buying an additional 2,746,729 shares in the last quarter. Analysts had expected Cliffs Natural Resources Inc.

For the Current Quarter, the growth estimate for Cliffs Natural Resources -69.4%, while for the Next Quarter the stock growth estimate is 414.3%. During last six month period, the net percent change held by insiders has seen a change of 9.43%.

The Company now has Insider ownership of 0.5 Percent and Institutional Ownership of 51.1 Percent. (NYSE:CLF) which led to swings in the share price. The company rocked its 52-Week High of $12.37 on Feb 13, 2017 and touched its 52-Week Low of $2.07 on Mar 1, 2016. The company maintains price to book ratio of - industry average at 0.66. (NYSE:CLF) has tumbled 6.79% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 18.74% in the last four weeks.

Cliffs Natural Resources Inc Last issued its quarterly earnings results on Feb 9, 2017.

Analyst recommendations and estimates are for informational purposes only and should be used along with a number of other factors when considering an investment position. Cliffs Natural Resources had a negative return on equity of 6.02% and a net margin of 8.26%. In a similar way, Frontier Communications Corporation (NASDAQ:FTR) last announced results for quarter ended on 30 Sep 2016, disclosing EPS of $-0.04. (NYSE:CLF)'s latest quarter, EPS moved to $0.34 from $-0.12 in preceding quarter and revenues reached at $754.00M compared to $553.30M.

6 analysts polled by Zacks Research now have a mean target price of $9.666 on Cliffs Natural Resources Inc. (NYSE:CLF): On Friday heightened volatility was witnessed in Cliffs Natural Resources Inc. The Company is a major supplier of iron ore pellets to the North American steel industry from its mines and pellet plants located in MI and Minnesota. Cliffs also owns 80.4% of Portman, an iron ore mining company in Australia, serving the Asian iron ore markets with direct-shipping fines and lump ore.

  • Zachary Reyes