Stock of The Day: Institutional Investors Sentiment Indicator of Cliffs Natural Resources Inc (NYSE:CLF) Improves in Q2 2016

November 30, 2016 - By Darrin Black   ·   0 Comments

Stock of The Day: Institutional Investors Sentiment Indicator of Cliffs Natural Resources Inc (NYSE:CLF)  Improves in  Q2 2016

Sentiment for Cliffs Natural Resources Inc (NYSE:CLF)

Cliffs Natural Resources Inc (NYSE:CLF) institutional sentiment increased to 1.79 in 2016 Q2. Its up 0.66, from 1.13 in 2016Q1. The ratio has increased, as 89 hedge funds started new or increased equity positions, while 79 sold and decreased positions in Cliffs Natural Resources Inc. The hedge funds in our partner’s database now hold: 97.87 million shares, up from 89.18 million shares in 2016Q1. Also, the number of hedge funds holding Cliffs Natural Resources Inc in their top 10 equity positions increased from 0 to 1 for an increase of 1. Sold All: 30 Reduced: 49 Increased: 61 New Position: 28.

Cliffs Natural Resources Inc. is a mining and natural resources company. The company has a market cap of $1.82 billion. The Firm is a supplier of iron ore pellets to the North American steel industry from its mines and pellet plants located in Michigan and Minnesota. It has a 26.53 P/E ratio. The Company’s divisions include U.S.

About 7.90 million shares traded hands. Cliffs Natural Resources Inc (NYSE:CLF) has risen 103.02% since April 27, 2016 and is uptrending. It has outperformed by 97.79% the S&P500.

Analysts await Cliffs Natural Resources Inc (NYSE:CLF) to report earnings on January, 25. They expect $0.20 EPS, up 242.86% or $0.34 from last year’s $-0.14 per share. CLF’s profit will be $41.51M for 10.96 P/E if the $0.20 EPS becomes a reality. After $-0.02 actual EPS reported by Cliffs Natural Resources Inc for the previous quarter, Wall Street now forecasts -1,100.00% EPS growth.

According to Zacks Investment Research, “CLIFFS NATURAL RESOURCES INC, formerly Cleveland-Cliffs Inc, is an international mining company, a producer of iron ore pellets in North America and a supplier of metallurgical coal to the global steelmaking industry. It operates six iron ore mines in Michigan, Minnesota and Eastern Canada, and three coking coal mines in West Virginia and Alabama. Cliffs also owns 80.4% of Portman, an iron ore mining company in Australia, serving the Asian iron ore markets with direct-shipping fines and lump ore. In addition, it has a 30% interest in the Amapa Project, a Brazilian iron ore project, and a 45% economic interest in the Sonoma Project, an Australian coking and thermal coal project.”

Aristeia Capital Llc holds 2.18% of its portfolio in Cliffs Natural Resources Inc for 4.81 million shares. Phoenix Investment Adviser Llc owns 255,000 shares or 1.34% of their US portfolio. Moreover, Eam Investors Llc has 0.54% invested in the company for 636,476 shares. The United Kingdom-based Dynamic Capital Management Ltd has invested 0.26% in the stock. Driehaus Capital Management Llc, a Illinois-based fund reported 1.02 million shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 6 insider buys, and 0 sales for $215,102 net activity.

Cliffs Natural Resources Inc (NYSE:CLF) Ratings Coverage

Ratings analysis reveals 20% of Cliffs Natural Resources Inc’s analysts are positive. Out of 10 Wall Street analysts rating Cliffs Natural Resources Inc, 2 give it “Buy”, 3 “Sell” rating, while 5 recommend “Hold”. The lowest target is $1 while the high is $10. The stock’s average target of $4.10 is -53.25% below today’s ($8.77) share price. CLF was included in 18 notes of analysts from August 4, 2015. The stock of Cliffs Natural Resources Inc (NYSE:CLF) earned “Neutral” rating by Clarkson Platou on Monday, July 18. As per Friday, March 11, the company rating was initiated by Credit Suisse. The stock of Cliffs Natural Resources Inc (NYSE:CLF) has “Hold” rating given on Monday, August 31 by Vetr. The company was maintained on Monday, August 29 by Macquarie Research. Morgan Stanley upgraded the shares of CLF in a report on Monday, November 14 to “Equal-Weight” rating. The rating was maintained by Deutsche Bank with “Hold” on Monday, October 5. Axiom Capital initiated Cliffs Natural Resources Inc (NYSE:CLF) on Friday, August 21 with “Sell” rating. The stock of Cliffs Natural Resources Inc (NYSE:CLF) earned “Neutral” rating by Macquarie Research on Friday, January 8. The firm has “Sell” rating given on Thursday, August 27 by Wolfe Research. JP Morgan upgraded Cliffs Natural Resources Inc (NYSE:CLF) on Tuesday, May 31 to “Overweight” rating.

CLF Company Profile

Cliffs Natural Resources Inc., incorporated on February 22, 1985, is a mining and natural resources company. The Firm 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 divisions include U.S. Iron Ore and Asia Pacific Iron Ore. The Firm operates an iron ore mining complex in Western Australia and owns approximately two non-operating iron ore mines in Eastern Canada.

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By Darrin Black

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