Feb 11 2017
Meanwhile, even after factoring out an $0.08-per-share loss from discontinued operations, Cliffs blasted past the consensus estimate by $0.11 per share. Three analysts surveyed by Zacks expected $688.5 million. The firm's revenue for the quarter was up 58.4% compared to the same quarter past year. A total of 91.81M shares exchanged hands, whereas the company's average trading volume stands at 12.61M shares. CLF's value Change from Open was at 4.16% with a Gap of 0.22%.
Many research firms have provided their ratings on Cliffs Natural Resources Inc. (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". While some analysts have a High Price target for the stock of $11 and a Low Price Target of $6. While it's Return on Investment (ROI) value is 0%.
Cliffs Natural Resources has a consensus earnings per share (EPS) forecast of 25 cents. Therefore, stock prices are sometime established based on the expectations that prospective investors have for the future earnings power of the firm.
October 27, 2016: Cliffs Natural Resources Inc. The Company has 52-week high of $10.9 and 52-week low of $1.67. Van ECK Associates Corp now owns 414,067 shares of the mining company's stock valued at $3,482,000 after buying an additional 134,394 shares in the last quarter. Finally, IPG Investment Advisors LLC purchased a new position in shares of Cliffs Natural Resources during the third quarter worth $123,000.
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Cliffs Natural Resources Inc (NYSE:CLF) shares jumped 19.84 percent during the regular trading hours on Monday following the strong quarterly numbers. Company has a market cap of $2,103 M.
Other large investors have also bought and sold shares of the company. The stock is now moving above its 20-Day Simple Moving Average of -0.83% with the 50-Day Simple Moving Average of -0.83 percent. The home construction supplier posted revenue of $550 million in the period.For the year, the company declared net income of $149.8 million, or $1.03 per share, swinging to a profit in the period. According to these analysts, the Low Revenue Estimate for Cliffs Natural Resources Inc.is 622.2 Million and the High Revenue Estimate is 699 Million. If you are viewing this news story on another domain, it was illegally copied and republished in violation of United States and global copyright and trademark legislation. The correct version of this piece can be accessed at https://www.com-unik.info/2017/02/10/cliffs-natural-resources-inc-clf-hits-new-12-month-high-after-earnings-beat.html. For the next 5 years, Cliffs Natural Resources Inc.is expecting Growth of 5% per annum, whereas in the past 5 years the growth was -53.81% per annum. The Company is a supplier of iron ore pellets to the North American steel industry from its mines and pellet plants located in MI and Minnesota.
"A much more favorable business environment in the USA and a newly adopted rational behavior in the worldwide iron ore market support the work we have done internally", Chief Executive Lourenco Goncalves said in a statement. With that flow of steel slowed, demand for US -made steel increased, and so did demand for its basic ingredient - taconite iron ore.
Feb 10 2017
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Feb 09 2017
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Feb 09 2017
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Feb 08 2017
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Feb 07 2017
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Feb 07 2017
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Feb 05 2017
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Feb 05 2017
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Feb 04 2017
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Feb 03 2017
Pat McAfee Retires From Indianapolis Colts, Will Join Barstool Sports
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