Cliffs Natural Resources Inc. (CLF), AK Steel Holding Corporation (AKS)

  • Cliffs Natural Resources Inc. (CLF), AK Steel Holding Corporation (AKS)

Cliffs Natural Resources Inc. (CLF), AK Steel Holding Corporation (AKS)

(NYSE:CLF) belongs to Basic Materials sector that surged 6.91% in value when last trading session closed at $11.92. The stock has a market cap of $2.58 billion, a price-to-earnings ratio of 12.80 and a beta of 1.63.

In the trailing 12 months period, return on assets ratio of the Company was 9.40% and return on equity ratio was -10.40% while its return on investment ratio was 59.00%. The stock has 52-week high of $11.7 and 52-week low of $1.72. Shares in both Cliffs Natural Resources and CB&I could continue climbing if Donald Trump's plans for economic growth win traction. (NYSE:CLF) according to Finviz Data is $0.33.

Growth Estimate for Cliffs Natural Resources Inc.

Cliffs Natural Resources (NYSE:CLF) last released its earnings results on Thursday, February 9th. Comparatively, growth in the past five years was -53.81 percent (per annum). The average revenue estimate for the year ending December 2016 is $2.04B by 5 analysts.

This company was Upgrade by Morgan Stanley on 14-Nov-16 to Equal-Weight.

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Cliffs Natural Resources Inc.'s (CLF) witnessed a gain of 6.91% in recent trading period with closing price of $11.92. Studies indicate that the stock prices of firms with significant positive earnings surprises show above-average performance, while those with negative surprises have below-average performance. It has met expectations 0 times and missed earnings 3 times.

"Cliffs Natural Resources Inc.to Post Q2 2017 Earnings of $0.60 Per Share, FBR & Co Forecasts (CLF)" was first reported by BBNS and is the property of of BBNS.

The company's consensus rating on Reuter's scale improved from 2.73 to 3 during a month. In comparison, the consensus recommendation 60 days ago was at 2.43, and 90 days ago was at 2.53 respectively. The original version of this news story can be read at https://www.com-unik.info/2017/02/13/cliffs-natural-resources-inc-clf-announces-quarterly-earnings-results-beats-estimates-by-0-19-eps.html.

Revenue is expected to range from 336.75 Million to 463.53 Million with an average of 396.67 Million. Zacks Investment Research upgraded Cliffs Natural Resources from a "hold" rating to a "buy" rating and set a $10.00 price objective for the company in a research report on Tuesday, January 17th. The company operates five iron ore mines in Michigan and Minnesota; and Koolyanobbing iron ore mining complex located in Western Australia, which produces lump and fines iron ore. 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. The company already markets fast-growing drugs, including the multibillion-dollar anticoagulant Eliquis and the fast-growing cancer drug Ibrance, and its investments in biosimilars could position it as a leader in an emerging market that could be worth tens of billions of dollars annually. Teacher Retirement System of Texas now owns 19,954 shares of the mining company's stock worth $113,000 after buying an additional 3,189 shares during the period. Expect increased sales in the current quarter as well. The projected growth estimate for the next quarter is -29.4 percent. The Notes will bear interest at an annual rate of 5.75 percent and will be issued at a price of 100.00 percent of their principal amount. A Director in the company, Rychel Eric M, disclosed a transaction on Wednesday November 02, 2016 that ended up paying $27,001 from the purchase of 5,000 shares at $5.55 per share. In the past week, the company has outperformed the S&P 500 by 25.83% and the outperformance has advanced to 18.64% for the last 4 weeks period. Their 52-Week High and Low are noted here. The stock has an average rating of "Hold" and an average target price of $7.92.