Stock with Unusual Volume: Cliffs Natural Resources Inc. (NYSE:CLF)

Cliffs Natural Resources Why CEO Is Upbeat on Trump’s Impact

Cliffs Natural Resources Why CEO Is Upbeat on Trump’s Impact

The Average Volume of the company is 19.24 Million and P/E (price to earnings) ratio is 10.81, while Forward P/E ratio is 9.63.

The mining company reported $0.42 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.23 by $0.19. The reported earnings per share topped the analyst's consensus by $0 with the percentage difference between estimated and actual earnings arriving at 0.00%. The firm's quarterly revenue was up 58.4% on a year-over-year basis.

Now the company Insiders own 4.52% of Cliffs Natural Resources Inc. shares according to the proxy statements.

CLF has been the subject of a number of research reports.

In recent action, Cliffs Natural Resources Inc. Axiom Securities reissued a "sell" rating on shares of Cliffs Natural Resources in a research note on Friday. J P Morgan Chase & Co increased their price target on Cliffs Natural Resources from $7.00 to $10.00 and gave the company an "overweight" rating in a research note on Wednesday, November 30th. Zacks Investment Research downgraded Cliffs Natural Resources from a "buy" rating to a "hold" rating in a research note on Monday, October 17th. Additionally, Credit Suisse Initiated its ratings on the stock to Underperform. (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".

Price Target is an important factor while doing analysis of a stock.

Institutional investors have recently added to or reduced their stakes in the stock. Vetr lowered Cliffs Natural Resources from a "strong-buy" rating to a "buy" rating and set a $10.76 price target for the a research note on Wednesday, January 11th. The company's US and Asia Pacific iron ore operations reported year-over-year declines of 7% and 8%, respectively, in their cash cost of goods sold and operating expense rates in 2016. BlackRock Fund Advisors raised its position in shares of Cliffs Natural Resources by 35.5% in the third quarter.

The company's quick ratio for most recent quarter is 1.40. Looking at the stock's movement on the chart, Cliffs Natural Resources Inc. recorded a 52-week high of $12.37. The insider owns 2,655,296 shares which have current market value of around $28491326.08.P. Kelly Tompkins is another major inside shareholder in the company. The stock hit 1-yearhigh at $5.34 and a low of $3.01 in the same period. Old Mutual Global Investors UK Ltd. bought a new stake in Cliffs Natural Resources during the third quarter valued at $13,535,000. That shows that the stock, according to a traditional interpretation and usage of the RSI indicator, is becoming oversold or undervalued, and therefore may be ready for a trend change or corrective price reversal to the upside If we look at the stochastic measure, the raw data over the stock's last month of action shows a score of 17.32%. Beta factor was calculated at 1.85. The stock is trading $9.56 its 50-day moving average by -1.15%. The Company is a major supplier of iron ore pellets to the North American steel industry from its mines and pellet plants located in MI and Minnesota. It operates six iron ore mines in Michigan, Minnesota and Eastern Canada, and three coking coal mines in West Virginia and Alabama. The Company's segments include U.S. Iron Ore and Asia Pacific Iron Ore.