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. Iron Ore to integrated steel companies in the United States, Canada and Mexico. Its Asia Pacific Iron Ore operations are located in Western Australia and consist of its Koolyanobbing operation. The Koolyanobbing operations serve the Asian iron ore markets with direct-shipped fines and lump ore. In addition, the Company operates an iron ore mining complex in Western Australia. In the United States, the Company owned four operational iron ore mines and one indefinitely idled mine, as of December 31, 2016. As of December 31, 2016, it operated four iron ore mines located in Michigan and Minnesota.
Industry, Sector and Symbol:
Capitalization:- Market Cap: $2.21116 billion
- Outstanding Shares: 296,401,000
Average Prices:- 50 Day Moving Avg: $6.54
- 200 Day Moving Avg: $7.98
- 52 Week Range: $4.91 - $12.37
P/E:- Trailing P/E Ratio: 45.26
- Foreward P/E Ratio: 9.00
- P/E Growth: -0.14
Sales & Book Value:- Annual Revenue: $2.27 billion
- Price / Sales: 1.01
- Book Value: ($2.80) per share
- Price / Book: -2.76
Profitability:- EBIDTA: $443.5 million
- Net Margins: 1.68%
- Return on Equity: -5.79%
- Return on Assets: 3.96%
Debt:- Debt-to-Equity Ratio: -2.34%
- Current Ratio: 2.63%
- Quick Ratio: 1.56%
Misc:- Average Volume: 14.25 million shs.
- Beta: 1.66
- Short Ratio: 3.35
Frequently Asked Questions for Cliffs Natural Resources (NYSE:CLF)
What is Cliffs Natural Resources' stock symbol?
Cliffs Natural Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "CLF."
How were Cliffs Natural Resources' earnings last quarter?
Cliffs Natural Resources Inc. (NYSE:CLF) issued its earnings results on Thursday, April, 27th. The company reported ($0.11) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.16 by $0.27. The company earned $461.60 million during the quarter, compared to analysts' expectations of $412.71 million. Cliffs Natural Resources had a negative return on equity of 5.79% and a net margin of 1.68%. Cliffs Natural Resources's quarterly revenue was up 51.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.62 EPS. View Cliffs Natural Resources' Earnings History.
When will Cliffs Natural Resources make its next earnings announcement?
Where is Cliffs Natural Resources' stock going? Where will Cliffs Natural Resources' stock price be in 2017?
8 brokerages have issued 1-year price objectives for Cliffs Natural Resources' shares. Their forecasts range from $3.00 to $13.00. On average, they expect Cliffs Natural Resources' share price to reach $8.29 in the next twelve months. View Analyst Ratings for Cliffs Natural Resources.
Are investors shorting Cliffs Natural Resources?
Cliffs Natural Resources saw a decrease in short interest in the month of June. As of June 30th, there was short interest totalling 42,598,715 shares, a decrease of 9.6% from the June 15th total of 47,147,376 shares. Based on an average daily volume of 13,845,439 shares, the days-to-cover ratio is presently 3.1 days. Currently, 15.3% of the shares of the stock are short sold.
Who are some of Cliffs Natural Resources' key competitors?
Some companies that are related to Cliffs Natural Resources include United States Steel Corporation (X), National Steel Company (SID), Commercial Metals Company (CMC), Grupo Simec SAB de CV (SIM), Carpenter Technology Corporation (CRS), Gibraltar Industries (ROCK), Mechel PAO (MTL), SunCoke Energy Partners, L.P. (SXCP), SunCoke Energy (SXC), L.B. Foster Company (FSTR), Olympic Steel (ZEUS), Dynamic Materials Corp. (BOOM), Northwest Pipe Company (NWPX), Synalloy Corporation (SYNL) and Bushveld Minerals Limited (BMN).
Who are Cliffs Natural Resources' key executives?
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
Who owns Cliffs Natural Resources stock?
Cliffs Natural Resources' stock is owned by many different of institutional and retail investors. Top institutional shareholders include Creative Planning (0.44%), B & T Capital Management DBA Alpha Capital Management (0.06%), Bank of Montreal Can (0.04%), Aperio Group LLC (0.01%), Orca Investment Management LLC (0.01%) and US Bancorp DE (0.01%). Company insiders that own Cliffs Natural Resources stock include Douglas C Taylor, Eric M Rychel, James S Sawyer, John T Baldwin, Joseph A Rutkowski, Lourenco Goncalves, Robert P Fisher Jr and Susan Miranda Green. View Institutional Ownership Trends for Cliffs Natural Resources.
Who sold Cliffs Natural Resources stock? Who is selling Cliffs Natural Resources stock?
Who bought Cliffs Natural Resources stock? Who is buying Cliffs Natural Resources stock?
Cliffs Natural Resources' stock was acquired by a variety of institutional investors in the last quarter, including B & T Capital Management DBA Alpha Capital Management and Aperio Group LLC. Company insiders that have bought Cliffs Natural Resources stock in the last two years include Douglas C Taylor, Eric M Rychel, James S Sawyer, John T Baldwin, Joseph A Rutkowski, Lourenco Goncalves, Robert P Fisher Jr and Susan Miranda Green. View Insider Buying and Selling for Cliffs Natural Resources.
How do I buy Cliffs Natural Resources stock?
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.
What is Cliffs Natural Resources' stock price today?
One share of Cliffs Natural Resources stock can currently be purchased for approximately $7.74.
MarketBeat Community Rating for Cliffs Natural Resources (NYSE CLF)MarketBeat's community ratings are surveys of what our community members think about Cliffs Natural Resources and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Cliffs Natural Resources (NYSE:CLF) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 3 Sell Ratings, 1 Hold Rating, 4 Buy Ratings |
| Consensus Rating: | Hold (Score: 2.13) |
| Consensus Price Target: | $8.29 (7.05% upside) |
Analysts' Ratings History for Cliffs Natural Resources (NYSE:CLF)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 7/13/2017 | Axiom Securities | Reiterated Rating | Sell | | Medium |  |
| 7/7/2017 | Jefferies Group LLC | Initiated Coverage | Buy -> Buy | $9.00 | Medium | |
| 6/28/2017 | Cowen and Company | Reiterated Rating | Market Perform | $7.00 | Medium | |
| 6/17/2017 | FBR & Co | Set Price Target | Buy | $10.00 | Medium | |
| 3/27/2017 | J P Morgan Chase & Co | Boost Price Target | Overweight | $12.00 -> $13.00 | High | |
| 1/13/2017 | Credit Suisse Group | Reiterated Rating | Underperform | $6.00 | N/A | |
| 9/28/2016 | Morgan Stanley | Reiterated Rating | Sell | $3.00 | N/A | |
| 8/29/2016 | Macquarie | Lower Price Target | Outperform | $11.00 -> $10.00 | N/A | |
| 7/18/2016 | Clarkson Capital | Upgrade | Sell -> Neutral | | N/A | |
| 3/18/2016 | Nomura | Reiterated Rating | Reduce | $1.50 | N/A | |
| 3/17/2016 | Bank of America Corporation | Reiterated Rating | Underperform | | N/A | |
| 2/5/2016 | Deutsche Bank AG | Lower Price Target | Sell | $1.50 -> $1.00 | N/A | |
| 8/24/2015 | Wolfe Research | Initiated Coverage | Sell | | N/A | |
| 8/3/2015 | Royal Bank Of Canada | Lower Price Target | Sector Perform | $6.00 -> $3.50 | N/A | |
(Data available from 7/20/2015 forward)
Earnings History for Cliffs Natural Resources (NYSE:CLF)Earnings History by Quarter for Cliffs Natural Resources (NYSE CLF)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 7/26/2017 | | | | | | | | |
| 4/27/2017 | Q1 2017 | $0.16 | ($0.11) | $412.71 million | $461.60 million | View | N/A | |
| 2/9/2017 | Q416 | $0.23 | $0.42 | $662.09 million | $754.00 million | View | Listen | |
| 10/27/2016 | Q316 | $0.19 | ($0.11) | $597.30 million | $553.00 million | View | Listen | |
| 7/28/2016 | Q216 | $0.02 | $0.07 | $482.37 million | $496.00 million | View | Listen | |
| 4/28/2016 | Q116 | ($0.29) | $0.62 | $280.92 million | $306.00 million | View | Listen | |
| 1/27/2016 | Q415 | ($0.26) | ($0.14) | $508.96 million | $470.60 million | View | Listen | |
| 10/29/2015 | Q315 | ($0.23) | ($0.15) | $595.78 million | $593.00 million | View | Listen | |
| 7/29/2015 | Q215 | ($0.11) | ($0.21) | $602.76 million | $498.00 million | View | Listen | |
| 4/28/2015 | Q115 | ($0.19) | $0.02 | $562.50 million | $446.00 million | View | N/A | |
| 2/2/2015 | Q414 | $0.15 | $1.00 | $1.23 billion | $1.30 billion | View | N/A | |
| 10/27/2014 | Q314 | $0.05 | $0.21 | $1.28 billion | $1.30 billion | View | N/A | |
| 7/23/2014 | Q214 | ($0.08) | ($0.01) | $1.18 billion | $1.10 billion | View | N/A | |
| 4/24/2014 | Q114 | ($0.21) | ($0.68) | $982.96 million | $940.00 million | View | N/A | |
| 2/19/2014 | Q413 | $0.82 | $1.22 | $1.45 billion | $1.52 billion | View | N/A | |
| 10/24/2013 | Q313 | $0.61 | $0.68 | $1.44 billion | $1.55 billion | View | N/A | |
| 7/25/2013 | Q2 2013 | $0.73 | $0.82 | $1.43 billion | $1.49 billion | View | N/A | |
| 4/24/2013 | Q1 2013 | $0.35 | $0.60 | $1.19 billion | $1.14 billion | View | N/A | |
| 2/12/2013 | Q4 2012 | $0.55 | $0.62 | $1.53 billion | $1.54 billion | View | N/A | |
| 10/24/2012 | | $1.09 | $0.61 | | | View | N/A | |
| 7/25/2012 | | $1.81 | $1.81 | | | View | N/A | |
| 4/25/2012 | | $1.16 | $2.63 | | | View | N/A | |
| 2/15/2012 | | $1.61 | $1.30 | | | View | N/A | |
| 10/27/2011 | | $3.62 | $4.07 | | | View | N/A | |
| 7/27/2011 | | $3.68 | $2.92 | | | View | N/A | |
| 4/28/2011 | | $2.22 | $3.11 | | | View | N/A | |
| 2/16/2011 | | $2.17 | $2.82 | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Cliffs Natural Resources (NYSE:CLF)2017 EPS Consensus Estimate: $1.07
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 2 | $0.06 | $0.13 | $0.10 |
| Q2 2017 | 2 | $0.17 | $0.22 | $0.20 |
| Q3 2017 | 1 | $0.36 | $0.36 | $0.36 |
| Q4 2017 | 1 | $0.42 | $0.42 | $0.42 |
| Q1 2018 | 1 | $0.07 | $0.07 | $0.07 |
| Q2 2018 | 1 | $0.28 | $0.28 | $0.28 |
(Data provided by Zacks Investment Research)
Current Dividend Information for Cliffs Natural Resources (NYSE:CLF)| Most Recent Dividend: | 12/1/2014 |
| Dividend Yield: | 0.00% |
| Dividend Growth: | 0.00% (3 Year Average) |
| Payout Ratio: | 0.00% (Trailing 12 Months of Earnings)
0.00% (Based on This Year's Estimates)
0.00% (Based on Next Year's Estimates)
|
Dividend History by Quarter for Cliffs Natural Resources (NYSE CLF)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 11/4/2014 | quarterly | $0.15 | 5.38% | 11/12/2014 | 11/15/2014 | 12/1/2014 |
| 7/28/2014 | quarterly | $0.15 | 3.41% | 8/13/2014 | 8/15/2014 | 9/2/2014 |
| 5/14/2014 | quarterly | $0.15 | 3.37% | 5/21/2014 | 5/23/2014 | 6/3/2014 |
| 2/11/2014 | quarterly | $0.15 | 2.73% | 2/19/2014 | 2/21/2014 | 3/3/2014 |
| 11/14/2013 | quarterly | $0.15 | 2.22% | 11/20/2013 | 11/22/2013 | 12/2/2013 |
| 11/12/2013 | | $0.15 | | 11/20/2013 | 11/22/2013 | 12/2/2013 |
| 7/9/2013 | quarterly | $0.15 | 3.66% | 8/13/2013 | 8/15/2013 | 9/3/2013 |
| 5/7/2013 | quarterly | $0.15 | 2.59% | 5/15/2013 | 5/17/2013 | 6/3/2013 |
| 2/13/2013 | quarterly | $0.15 | 2.05% | 2/20/2013 | 2/22/2013 | 3/1/2013 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for Cliffs Natural Resources (NYSE:CLF)Insider Ownership Percentage: 0.46%
Institutional Ownership Percentage: 66.66%
Insider Trades by Quarter for Cliffs Natural Resources (NYSE:CLF)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 5/3/2017 | John T Baldwin | Director | Buy | 6,000 | $6.32 | $37,920.00 | |
| 5/3/2017 | Lourenco Goncalves | Chairman | Buy | 200,000 | $6.31 | $1,262,000.00 | |
| 5/2/2017 | Douglas C Taylor | Director | Buy | 3,750 | $6.61 | $24,787.50 | |
| 5/1/2017 | Eric M Rychel | Director | Buy | 3,000 | $6.55 | $19,650.00 | |
| 4/28/2017 | Joseph A Rutkowski | Director | Buy | 2,500 | $6.77 | $16,925.00 | |
| 11/3/2016 | Robert P Fisher Jr | Director | Buy | 4,000 | $5.66 | $22,640.00 | |
| 11/2/2016 | Eric M Rychel | Director | Buy | 5,000 | $5.55 | $27,750.00 | |
| 11/1/2016 | Susan Miranda Green | Director | Buy | 1,770 | $5.65 | $10,000.50 | |
| 10/31/2016 | John T Baldwin | Director | Buy | 10,000 | $5.49 | $54,900.00 | |
| 10/28/2016 | Joseph A Rutkowski | Director | Buy | 6,000 | $5.32 | $31,920.00 | |
| 5/9/2016 | Lourenco Goncalves | CEO | Buy | 100,000 | $3.04 | $304,000.00 | |
| 5/6/2016 | Douglas C Taylor | Director | Sell | 7,231,520 | $3.81 | $27,552,091.20 | |
| 11/6/2015 | Douglas C Taylor | Director | Sell | 675,000 | $3.15 | $2,126,250.00 | |
| 11/4/2015 | James S Sawyer | Director | Buy | 25,000 | $3.07 | $76,750.00 | |
| 5/26/2015 | Michael D Siegal | Director | Buy | 9,500 | $5.20 | $49,400.00 | |
| 3/4/2015 | Lourenco Goncalves | CEO | Buy | 100,000 | $6.50 | $650,000.00 | |
| 3/2/2015 | Michael D Siegal | Director | Buy | 7,200 | $6.81 | $49,032.00 | |
| 2/5/2015 | Joseph A Rutkowski | Director | Buy | 8,000 | $6.35 | $50,800.00 | |
| 10/29/2014 | John T Baldwin | Director | Buy | 9,800 | $10.18 | $99,764.00 | |
| 9/12/2014 | John T Baldwin | Director | Buy | 3,000 | $14.26 | $42,780.00 | |
| 9/11/2014 | Douglas C Taylor | Director | Buy | 7,200 | $13.95 | $100,440.00 | |
| 9/8/2014 | Gabriel Stoliar | Director | Buy | 7,246 | $13.76 | $99,704.96 | |
| 8/21/2014 | Robert P Fisher Jr | Director | Buy | 6,000 | $16.46 | $98,760.00 | |
| 11/5/2013 | Andres Gluski | Director | Buy | 1,040 | $28.33 | $29,463.20 | |
| 11/1/2013 | Joseph A Carrabba | CEO | Sell | 50,000 | $26.94 | $1,347,000.00 | |
| 10/30/2013 | Donald J Gallagher | EVP | Sell | 13,640 | $25.11 | $342,500.40 | |
| 8/16/2013 | David Blake | SVP | Sell | 3,000 | $23.03 | $69,090.00 | |
| 3/11/2013 | Steven M Raguz | EVP | Sell | 4,000 | $24.01 | $96,040.00 | |
| 3/11/2013 | Terrance M Paradie | CFO | Sell | 3,700 | $24.04 | $88,948.00 | |
(Data available from 1/1/2013 forward)
Headline Trends for Cliffs Natural Resources (NYSE:CLF)
Latest Headlines for Cliffs Natural Resources (NYSE:CLF)
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Cliffs Natural Resources (CLF) Chart for Thursday, July, 20, 2017
