Published: Sat, February 11, 2017
Economy | By Melissa Porter

Earnings in focus: Cliffs Natural Resources Inc. (CLF)'s track record

Earnings in focus: Cliffs Natural Resources Inc. (CLF)'s track record

FBR & Co reissued a "market perform" rating and set a $10.00 target price on shares of Cliffs Natural Resources in a research note on Monday. The stock recently closed its previous session at $9.52 by showing a percentage change of 4.39% from its previous day closing price of $9.12. Post-earnings, Cliffs Natural Resources Inc. stock ranged between $1.45 and $1.59 after opening the day (01/28/2016) at $1.55. The mean PT for this stock is at $13.39 while the max. level suggested by the brokerage firms is $19.00 and min. PT is $7.00. As the past trend shows, Cliffs Natural Resources Inc.'s stock price has rallied after earnings in 14 of the last 28 quarters. "(CLF) Hits New 12-Month High After Earnings Beat" was first reported by Community Financial News and is the sole property of of Community Financial News.

In addition, the company has significantly lowered its cost structure to break even at much lower prices.

Iron ore miner Cliffs Natural Resources booked its best performance in ten quarters from its Koolyanobbing mining complex in WA's Yilgarn region in the December quarter, amid rising iron ore prices.

CLF has been the subject of several analyst reports. (NYSE:CLF) surged to 2.8% from $7.85 to $8.07. (NYSE:CLF) topped its 52-week high price of $10.9 on Dec 8, 2016 and 52-Week Low Price of $1.67 on Feb 11, 2016.

Cliffs Natural Resources has a consensus earnings per share (EPS) forecast of 25 cents.

ROI deals with the invested cash in the company and the return the investor realize on that money based on the net profit of the business. Out of rating recommendations 0 have given the stock a Buy while 2 recommend the stock as Outperform. (CLF) ended last trading session with a change of 4.39 percent. The estimated EPS for the current quarter is said to be $0.23. On average, equities research analysts predict that Cliffs Natural Resources Inc. will post $0.71 earnings per share for the current fiscal year. Lundin Law PC, a shareholder rights firm announces a class action lawsuit against The Western Union Company ("Western Union" or the "Company") (WU), Investors who purchased or otherwise acquired Western Union securities on the open market between February 24, 2012 and January 19, 2017, both dates inclusive (the "Class Period"), are advised to contact the firm prior to the March 27, 2017 lead plaintiff deadline. Everyone is buying CLF stock, with roughly 6x its normal trading volume. According to their observations and findings, the stock could provide a high EPS of $0.57/share and a Low EPS of $0.15/share.

That Cliffs has bounced-back is no surprise to most Northlanders who had watched the company's operations slow and even close in 2015, with hundreds of workers laid off, and then reopen and return to near full production past year - including NorthShore Mining in Silver Bay/Babbitt and United Taconite in Eveleth/Forbes.

The stock's 50-day moving average is $9.04 and its 200-day moving average is $7.46.

Analysts give ENDP a mean recommendation of 2.50. Beta value of the stock stands at 1.73.

The company shows its Return on Assets (ROA) value of 1.8%.

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