Cliffs Natural Resources Inc. (CLF) How Much Gas Is Left In The Tank?

Cliffs Natural Resources Inc. (CLF) How Much Gas Is Left In The Tank?

Cliffs Natural Resources Inc. (CLF) How Much Gas Is Left In The Tank?

Cliffs Natural Resources Inc. (NYSE:CLF) stock is presently standing at about $7.10 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 7 analysts covering the company is $7.00, which suggests the stock could still rise over -1 percent. The highest analyst price target is $10.00, which implies a rally of 59 percent. And a quick view of analyst notes show that 1 are rating the stock a buy while 0 rate CLF a strong buy. There are 5 equity research firms advocating a Hold and 0 consider it Sell.

FBR & Co. analysts provided their view on Cliffs Natural Resources Inc. (NYSE:CLF) recently. The rating firm issued a Outperform rating to this company in a research note released on Apr 28, 2017. Morgan Stanley analysts disclosed their opinion on Cliffs Natural Resources Inc. (NYSE:CLF) recently. The rating firm gave a Equal-Weight rating to this stock in a research note published on Nov 14, 2016. According to a research note disclosed on Jun 10, 2016, analysts at Macquarie have upped their rating on these shares from Neutral to Outperform.

Cliffs Natural Resources Inc. (NYSE:CLF) Transactions Roundup

Several insiders were part of recent insider activity for the stock. Its Director BALDWIN JOHN T Purchased 87,991 company shares for 37,902, in a transaction on May 03. Following the transaction, the Director is left with a stake of 6,000 shares, currently valued at $42,600. Meanwhile, Chairman, President & CEO GONCALVES LOURENCO purchased 2,855,296 shares worth $1,262,740, through a transaction dated May 03. Following the completion of the transaction, the insider is left with a stake of 200,000 shares, amounting $1,420,000. CLF Director Taylor Douglas C also purchased 28,150 shares, at a stock price of $6.61. This transaction occurred on May 02 totals $24,771. After this transaction, the insider’s stake stands at 3,750 shares, with a market value of $26,625.

Executives hold 2.46 percent of the stock. VANGUARD GROUP INC is one of the biggest insider owners in Cliffs Natural Resources Inc. (NYSE:CLF), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 25,642,631 shares which have current market value of around $182,062,680.BLACKROCK INC. is another major inside shareholder in the company. The insider owns 18,554,188 shares as of 03/31/2017, currently worth $131,734,735. STATE STREET CORP is ranked as third insider holder of the stock. This insider holds 10,067,676 shares with a market value around $71,480,500 as of recent close.

Cliffs Natural Resources Inc. (NYSE:CLF) Earnings Outlook

In Cliffs Natural Resources Inc. (NYSE:CLF)’s latest quarter, EPS moved to $-0.11 from $0.34 in preceding quarter and revenues reached at $461.60M compared to $754.00M. Analysts had expected Cliffs Natural Resources Inc. (NYSE:CLF) to post net income of about $0.17 per share on $412.71M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in the range of $0.08 to $0.44. That is compared with the $0.07 in EPS it reported during the same period a year ago.