Cliffs Natural Resources Company Profile (NYSE:CLF)

Cliffs Natural Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "CLF."

Cliffs Natural Resources Inc. (NYSE:CLF) issued its quarterly earnings results on Friday, October, 20th. The company reported $0.36 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.30 by $0.06. The company had revenue of $698 million for the quarter, compared to analysts' expectations of $669.25 million. Cliffs Natural Resources had a negative return on equity of 13.83% and a net margin of 2.44%. The firm's revenue for the quarter was up 26.2% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.11) earnings per share. View Cliffs Natural Resources' Earnings History.

Cliffs Natural Resources is scheduled to release their next quarterly earnings announcement on Thursday, February, 8th 2018. View Earnings Estimates for Cliffs Natural Resources.

8 brokerages have issued 1 year price objectives for Cliffs Natural Resources' stock. Their forecasts range from $6.00 to $13.00. On average, they anticipate Cliffs Natural Resources' share price to reach $9.00 in the next twelve months. View Analyst Ratings for Cliffs Natural Resources.

Here are some recent quotes from research analysts about Cliffs Natural Resources stock:

• 1. According to Zacks Investment Research, "Cleveland-Cliffs remains focused on de-leveraging its balance sheet. It should also gain from major supply deals and an expected rise in steel demand in the United States. Cleveland-Cliffs is also committed to increasing shareholder returns through dividends and share buybacks. However, Cleveland-Cliffs is faced with a challenging operating environment and pricing headwinds. The company has also cut its profit outlook for 2017 factoring in lower expected iron ore pricing. Demand for iron ore in China also remain soft. The company has also underperformed the industry it belongs to year to date." (10/3/2017)
• 2. FBR & Co analysts commented, "In June, Cleveland-Cliffs announced that it had selected Toledo, Ohio, as the site for its first hot briquetted iron (HBI) facility. We revisit the project economics with updated input prices and provide a sensitivity analysis considering volatile commodity markets. We are also switching our iron ore feedstock cost assumption to market prices (from Cliffs’ production costs previously). At market, we still derive an attractive pretax IRR of 24%, down slightly from ~25% previously on a comparable basis. The modest change is due to a rise in USIO prices, the largest determining factor in HBI’s cost structure. Slightly compensating for the increase in domestic iron ore prices was a gain in scrap metal prices, a signal of an improved HBI market. The scenario analysis bodes well for Cliffs, which we believe backs the company’s claim of a highly attractive growth project." (9/6/2017)

Cliffs Natural Resources saw a increase in short interest in September. As of September 29th, there was short interest totalling 36,737,683 shares, an increase of 7.4% from the September 15th total of 34,202,811 shares. Based on an average trading volume of 9,263,305 shares, the days-to-cover ratio is presently 4.0 days. Approximately 13.2% of the company's stock are sold short.

Some companies that are related to Cliffs Natural Resources include National Steel Company (SID), Commercial Metals Company (CMC), Carpenter Technology Corporation (CRS), Grupo Simec SAB de CV (SIM), Mechel PAO (MTL), Gibraltar Industries (ROCK), SunCoke Energy Partners, L.P. (SXCP), SunCoke Energy (SXC), L.B. Foster Company (FSTR), Dynamic Materials Corp. (BOOM), Olympic Steel (ZEUS), Northwest Pipe Company (NWPX), Synalloy Corporation (SYNL) and Bushveld Minerals Limited (BMN).

Cliffs Natural Resources' management team includes the folowing people:

• Lourenco Celso Goncalves, Chairman of the Board, President, Chief Executive Officer
• Timothy K. Flanagan, Chief Financial Officer, Executive Vice President, Treasurer
• P. Kelly Tompkins, Chief Operating Officer, Executive Vice President
• Maurice D. Harapiak, Executive Vice President of Human Resources
• James D. Graham, Executive Vice President, Secretary, Chief Legal Officer
• Terry G. Fedor, Executive Vice President - United States Iron Ore
• Terrence R. Mee, Executive Vice President - Global Commercial
• Clifford T. Smith, Executive Vice President - Business Development
• R. Christopher Cebula, Chief Accounting Officer, Vice President, Corporate Controller
• Douglas C. Taylor, Lead Independent Director

Shares of Cliffs Natural Resources can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Cliffs Natural Resources stock can currently be purchased for approximately $7.02.