Sunday, 26 February, 2017

Cliffs Natural Resources benefits from rising ore prices

Pit mine truck Image source Getty Images
Juana Turner | 11 February, 2017, 00:27

Finally, shares of World Wrestling Entertainment climbed 9%. The estimated EPS for the current quarter is said to be $0.23. Three analysts surveyed by Zacks expected $688.5 million.

The Cleveland-based company on Thursday announced its revenues were $754 million previous year, up 58 percent over a crippling 2015. It has a past 5-day performance of 0 percent and trades at an average volume of 15.13M shares. CLF's value Change from Open was at 4.16% with a Gap of 0.22%. Axiom Securities reiterated a "sell" rating on shares of Cliffs Natural Resources in a report on Saturday, November 26th. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. Credit Suisse Group reiterated an "underperform" rating and set a $6.00 price objective on shares of Cliffs Natural Resources in a report on Friday, January 13th. Five equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. (NYSE:CLF) where Morgan Stanley provided Equal-Weight rating on the stock on 14-Nov-16. While it's Return on Investment (ROI) value is 0%.

Cliffs Natural also said it expected sales volume in its USA iron ore pellet business to rise 4.3 percent to 19 million tonnes in 2017. Amalgamated Bank now owns 19,188 shares of the mining company's stock worth $127,000 after buying an additional 2,710 shares during the last quarter. Old Mutual Global Investors UK Ltd. acquired a new stake in shares of Cliffs Natural Resources during the third quarter valued at $13,535,000.

Southwestern Energy Company (SWN) recently recorded -3.37 percent change and now at $8.88 is 67.55 percent away from its 52-week low and down -43.04 percent versus its peak. Van ECK Associates Corp increased its position in Cliffs Natural Resources by 48.1% in the fourth quarter.

A price chart showing the extreme outperformance of Cliffs Natural Resources stock compared to peers BHP Billiton Rio Tinto and Vale
Cliffs Natural Resources Inc. Gained a Massive 432% in 2016. Is There Room to Run in 2017?

Shares of Cliffs Natural Resources soared nearly 20% after the iron ore producer reported its fourth-quarter financial results. Losses, adjusted for stock option expense, came to 2 cents per share. The share price is now 4.83 percent versus its SMA20, 3.54 percent versus its SMA50, and 44.17 percent versus its SMA200. The company reported $41.1 billion net sales in the same period a year ago, indicating 13.1% expansion on top line.

COPYRIGHT VIOLATION NOTICE: "Cliffs Natural Resources Inc". (CLF) said it will be announcing fourth-quarter and full-year 2016 financial results before the USA -market open on Thursday, February 9, 2017. If you are viewing this news story on another domain, it was illegally copied and republished in violation of United States and worldwide copyright and trademark legislation.

Cliffs Natural Resources Inc. closed its last trading session at $9.12 with the gain of 4.39%. The Predicted Move on the 7th day after Cliffs Natural Resources Inc. While U.S. iron ore demand is less tied to the global market, dominated by China, it does impact sales for companies like Cliffs that don't produce their own steel. 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 in our company.

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