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) posted its earnings results on Thursday, July, 27th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.08. The company earned $569.30 million during the quarter, compared to the consensus estimate of $485.93 million. Cliffs Natural Resources had a net margin of 2.44% and a negative return on equity of 13.83%. The firm's quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.07 earnings per share. View Cliffs Natural Resources' Earnings History.

Cliffs Natural Resources is scheduled to release their next quarterly earnings announcement on Thursday, October, 26th 2017. View Earnings Estimates for Cliffs Natural Resources.

9 equities research analysts have issued 1-year price targets for Cliffs Natural Resources' shares. Their predictions range from $3.00 to $13.00. On average, they anticipate Cliffs Natural Resources' stock price to reach $8.00 in the next year. View Analyst Ratings for Cliffs Natural Resources.

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

• 1. 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)
• 2. According to Zacks Investment Research, "Earnings estimate for Cliffs for the current quarter has been going down of late. The company has also underperformed the industry it belongs to over the past one year. Moreover, Cliffs is faced with a challenging operating environment and pricing headwinds. The company has also cut its profit outlook for 2017 due to lower expected iron ore pricing. Demand for iron ore in China also remain soft." (7/27/2017)

Some companies that are related to Cliffs Natural Resources include 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), Dynamic Materials Corp. (BOOM), Olympic Steel (ZEUS), L.B. Foster Company (FSTR), 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

Cliffs Natural Resources' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (10.78%), BlackRock Inc. (6.36%), State Street Corp (3.62%), Dimensional Fund Advisors LP (2.12%), Northern Trust Corp (1.68%) and Neuberger Berman Group LLC (1.24%). 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.

Cliffs Natural Resources' stock was sold by a variety of institutional investors in the last quarter, including Horseman Capital Management Ltd, Bridgewater Associates LP, Schwab Charles Investment Management Inc., Mik Capital LLC, TIAA CREF Investment Management LLC, Bank of New York Mellon Corp, CIBC World Markets Inc. and Russell Investments Group Ltd.. View Insider Buying and Selling for Cliffs Natural Resources.

Cliffs Natural Resources' stock was acquired by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Balyasny Asset Management LLC, Dimensional Fund Advisors LP, Northern Trust Corp, State Street Corp, Chicago Equity Partners LLC, JHL Capital Group LLC and Taylor Asset Management Inc.. 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.

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 $6.96.