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Past Quarters Earnings Report for Cliffs Natural Resources Inc. (NYSE:CLF)

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Past Quarters Earnings Report for Cliffs Natural Resources Inc. (NYSE:CLF)

(NYSE:CLF) will release its earnings at about 9%. Vetr upgraded Cliffs Natural Resources from a "strong sell" rating to a "hold" rating and set a $10.76 price objective for the company in a report on Monday, December 12th.

Several hedge funds and other institutional investors have recently bought and sold shares of CLF.

Many research firms have provided their ratings on Cliffs Natural Resources Inc. Stifel Financial Corp boosted its position in shares of Cliffs Natural Resources by 20.8% in the second quarter. The Short Ratio for the stock is 3.

Cliffs Natural Resources Inc is a mining and natural resources company.

A number of brokerages have issued reports on CLF. Yet, the company remained exposed to seaborne iron ore prices due to its Australian assets. The stock has a market capitalization of $2.10 billion, a P/E ratio of 46.53 and a beta of 1.63. The correct version of this piece can be accessed at https://www.com-unik.info/2017/02/10/cliffs-natural-resources-inc-clf-hits-new-12-month-high-after-earnings-beat.html.

Cliffs Natural Resources reported revenue of $754 million during the fourth quarter, up 58% from the year-ago quarter thanks to higher volumes and pricing, which was $78.8 million ahead of analysts' expectations. (CLF) acquired shares in a transaction closed on Thursday November 03, 2016. The analysts offering Earnings Estimates for the company were believing that Cliffs Natural Resources Inc. This showed the surprise of -170.6% in the last quarter earnings.

COPYRIGHT VIOLATION NOTICE: "Omega Advisors Inc".

Image source: Cliffs Natural Resources. "(CLF)" was published by BBNS and is owned by of BBNS. If you are viewing this news story on another domain, it was illegally copied and republished in violation of United States and global copyright and trademark legislation. The correct version of this news story can be read at https://baseballnewssource.com/markets/omega-advisors-inc-acquires-shares-of-1140100-cliffs-natural-resources-inc-clf/421075.html. 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 report on Tuesday, January 17th. 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. On 7th Day after earnings release, Cliffs Natural Resources Inc. SWN right now sits at consensus rating of 2.90 while 4 analysts have advocated the shares as "BUY", 4 calls it an "OUTPERFORM" and 27 suggest "HOLD". The Stock Closing Price on the 7th day of earnings was $4.24.

Cliffs Natural Resources Inc is a mining and natural resources company. CEO Lourenco Goncalves celebrated the company's turnaround, noting that "despite the undeniable fact that the underlying business environment was far from ideal during nearly all of 2016", the company faces "a much more favorable business environment in the USA and a newly adopted rational behavior in the global iron ore market [that] support the work we have done internally".

Future fundamentals for Cliffs look strong considering an improvement in iron ore prices and increasing demand for steel producers.

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