Cliffs Natural Resources Inc. (NYSE:CLF)‘s stock had its “sell” rating reissued by research analysts at Axiom Securities in a research note issued on Thursday.

CLF has been the topic of several other reports. ValuEngine upgraded shares of Cliffs Natural Resources from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 11th. FBR & Co upgraded shares of Cliffs Natural Resources from a “market perform” rating to an “outperform” rating and decreased their target price for the company from $11.00 to $10.00 in a report on Friday, April 28th. Zacks Investment Research lowered shares of Cliffs Natural Resources from a “buy” rating to a “hold” rating in a report on Friday, April 21st. BidaskClub upgraded shares of Cliffs Natural Resources from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Finally, TheStreet lowered shares of Cliffs Natural Resources from a “c” rating to a “d+” rating in a report on Thursday, May 4th. Four research analysts have rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. Cliffs Natural Resources has an average rating of “Hold” and a consensus target price of $8.50.

Shares of Cliffs Natural Resources (CLF) traded up 1.962% on Thursday, hitting $7.535. 6,332,861 shares of the company were exchanged. The firm’s 50-day moving average is $6.22 and its 200-day moving average is $8.17. The stock has a market capitalization of $2.23 billion, a PE ratio of 44.064 and a beta of 1.65. Cliffs Natural Resources has a 52-week low of $4.91 and a 52-week high of $12.37.

Cliffs Natural Resources (NYSE:CLF) last posted its earnings results on Thursday, April 27th. The mining company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.16 by $0.27. The firm had revenue of $461.60 million during the quarter, compared to analyst estimates of $412.71 million. Cliffs Natural Resources had a net margin of 1.68% and a negative return on equity of 5.79%. The business’s revenue for the quarter was up 51.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.62 earnings per share. Equities research analysts predict that Cliffs Natural Resources will post $0.91 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: This piece of content was posted by Daily Political and is the sole property of of Daily Political. If you are viewing this piece of content on another publication, it was stolen and republished in violation of US & international copyright & trademark law. The original version of this piece of content can be viewed at https://www.dailypolitical.com/2017/07/17/cliffs-natural-resources-inc-clf-rating-reiterated-by-axiom-securities.html.

In other news, Director John T. Baldwin acquired 6,000 shares of the company’s stock in a transaction on Wednesday, May 3rd. The shares were bought at an average cost of $6.32 per share, with a total value of $37,920.00. Following the transaction, the director now owns 87,991 shares in the company, valued at approximately $556,103.12. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Lourenco Goncalves acquired 200,000 shares of the company’s stock in a transaction on Wednesday, May 3rd. The stock was purchased at an average cost of $6.31 per share, for a total transaction of $1,262,000.00. Following the completion of the transaction, the chairman now owns 2,855,296 shares in the company, valued at approximately $18,016,917.76. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 215,250 shares of company stock worth $1,361,283. 0.46% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the stock. IFP Advisors Inc increased its stake in shares of Cliffs Natural Resources by 50.0% in the first quarter. IFP Advisors Inc now owns 35,266 shares of the mining company’s stock worth $290,000 after buying an additional 11,755 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Cliffs Natural Resources by 784.5% in the first quarter. Russell Investments Group Ltd. now owns 452,176 shares of the mining company’s stock worth $3,713,000 after buying an additional 401,056 shares in the last quarter. Strs Ohio increased its stake in shares of Cliffs Natural Resources by 103.8% in the first quarter. Strs Ohio now owns 15,900 shares of the mining company’s stock worth $130,000 after buying an additional 8,100 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Cliffs Natural Resources during the first quarter worth approximately $476,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of Cliffs Natural Resources during the first quarter worth approximately $2,460,000. 66.66% of the stock is currently owned by institutional investors.

Cliffs Natural Resources Company Profile

Cliffs Natural Resources Inc is a mining and natural resources company. The Company is a supplier of iron ore pellets to the North American steel industry from its mines and pellet plants located in Michigan and Minnesota. The Company’s segments include U.S. Iron Ore and Asia Pacific Iron Ore. The Company is a producer of iron ore pellets, primarily selling production from U.S.

Analyst Recommendations for Cliffs Natural Resources (NYSE:CLF)

Receive News & Ratings for Cliffs Natural Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cliffs Natural Resources Inc. and related companies with MarketBeat.com's FREE daily email newsletter.