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.