Noticeable Stock: Cliffs Natural Resources Inc (NYSE:CLF)

Cliffs Natural Resources Inc (NYSE:CLF) share price soared 11.39% or 0.96 points to reach at $9.39 during previous trading session. The stock’s price fluctuated within the range of $8.69 – $9.42 during previous trading session. A total of 17,340,800 shares exchanged hands, whereas the company’s average trading volume stands at 13.82M shares. Cliffs Natural Resources Inc (NYSE:CLF) has a market capitalization of $2.41B and most recently 230.60M outstanding shares have been calculated.

In terms of market analysis and trading signals, RSI moving above the horizontal 30 reference level is viewed as a bullish indicator, while the RSI moving below the horizontal 70 reference level is seen to be a bearish indicator. Movements above 70 are interpreted as indicating overbought conditions; conversely, movements under 30 reflect oversold conditions.

Relative strength index (RSI-14) for Cliffs Natural Resources Inc (NYSE:CLF) is at 57.78.

According to sentiments of 8 analysts the mean estimates of short term price target for the company’s stock is marked at $7.00. The most optimistic analyst sees the stock reaching $11.00 while the most conventional predicts the target price at $2.00.

The consensus mean EPS for the current quarter is at $0.22 derived from a total of 7 estimates. According to analysts minimum EPS for the current quarter is expected at $0.01 and can go high up to $0.36. However a year ago during same quarter Cliffs Natural Resources Inc (NYSE:CLF) reported $-0.14 EPS.

For the upcoming quarter, initial predictions are anticipating that the company will post earnings of $0.04 per share according to consensus of 4 analysts.

According to sentiments of 4 analysts the company is expected to report revenues of $662.09M for the current quarter. Bearish revenue estimates established at $622.2M while the bullish revenue forecast has been figured out at $685M.

In terms of Buy/Sell recommendations, analysts have a consensus rating of 2.89 on the shares of Cliffs Natural Resources Inc (NYSE:CLF). Out of rating recommendations 0 have given the stock a Buy while 2 recommend the stock as Outperform. 6 have given the stock a Hold rating, 1 as Underperform and 0 as Sell.

On technical side, moving averages may help to distinguish direction of tendencies, and they might also be used to set levels of sustenance and resistance. Cliffs Natural Resources Inc (NYSE:CLF)’s distance from 20 day simple moving average is 3.99% whereas its distance from 50 day simple moving average is 13.57% along with 55.21% distance from 200 day simple moving average.

Important factors to consider when evaluating a stock’s current and future value are the 52 week price high and low levels. Cliffs Natural Resources Inc (NYSE:CLF) shares were trading -13.85% below from the 52-week high mark of $10.90 and +682.50% above from the 52-week bottom of $1.20. The stock hit its 52-week high price on 12/08/16, and 52-week low price on 01/15/16.

When we have a peek on stock’s historical trends we come to know that, the stock has climbed 9.06% in the past one week and plunged -9.45% during previous one month drive, the stock went up 64.16% during past quarter. In the last six months the stock’s performance soared 28.10% while yearly performance of the company advanced 565.96%. The company’s year to date (YTD) performance is at 11.65%.

While taking a glance at financials, we can look at a number of key indicators. Cliffs Natural Resources Inc (NYSE:CLF) has a Return on Assets (ROA) of 1.80%. The company currently has a Return on Equity (ROE) of -1.70%. Average true range (ATR-14) of the company sets at 0.59, along with its weekly and monthly volatility of 5.86%, 6.37% respectively. Beta value of the stock stands at 1.63.

The company’s price to free cash flow for trailing twelve months is 22.11. Its quick ratio for most recent quarter is 0.90 along with current ratio for most recent quarter of 2.20.

Analyst Buzz: Cliffs Natural Resources Inc (NYSE:CLF)

Cliffs Natural Resources Inc (NYSE:CLF) share price soared 6.39% or +0.56 points to reach at $9.33 during previous trading session. The stock’s price fluctuated within the range of $8.79 – $9.53 during previous trading session. A total of 20,614,400 shares exchanged hands, whereas the company’s average trading volume stands at 13.25M shares. Cliffs Natural Resources Inc (NYSE:CLF) has a market capitalization of $2.05B and most recently 230.60M outstanding shares have been calculated.

In terms of market analysis and trading signals, RSI moving above the horizontal 30 reference level is viewed as a bullish indicator, while the RSI moving below the horizontal 70 reference level is seen to be a bearish indicator. Movements above 70 are interpreted as indicating overbought conditions; conversely, movements under 30 reflect oversold conditions.

Relative strength index (RSI-14) for Cliffs Natural Resources Inc (NYSE:CLF) is at 54.70.

According to sentiments of 8 analysts the mean estimates of short term price target for the company’s stock is marked at $7.00. The most optimistic analyst sees the stock reaching $11.00 while the most conventional predicts the target price at $2.00.

The consensus mean EPS for the current quarter is at $0.21 derived from a total of 7 estimates. According to analysts minimum EPS for the current quarter is expected at $0.01 and can go high up to $0.3. However a year ago during same quarter Cliffs Natural Resources Inc (NYSE:CLF) reported $-0.14 EPS.

For the upcoming quarter, initial predictions are anticipating that the company will post earnings of $0.04 per share according to consensus of 4 analysts.

According to sentiments of 4 analysts the company is expected to report revenues of $662.09M for the current quarter. Bearish revenue estimates established at $622.2M while the bullish revenue forecast has been figured out at $685M.

In terms of Buy/Sell recommendations, analysts have a consensus rating of 2.89 on the shares of Cliffs Natural Resources Inc (NYSE:CLF). Out of rating recommendations 0 have given the stock a Buy while 2 recommend the stock as Outperform. 6 have given the stock a Hold rating, 1 as Underperform and 0 as Sell.

On technical side, moving averages may help to distinguish direction of tendencies, and they might also be used to set levels of sustenance and resistance. Cliffs Natural Resources Inc (NYSE:CLF)’s distance from 20 day simple moving average is -1.40% whereas its distance from 50 day simple moving average is 24.40% along with 64.99% distance from 200 day simple moving average.

Important factors to consider when evaluating a stock’s current and future value are the 52 week price high and low levels. Cliffs Natural Resources Inc (NYSE:CLF) shares were trading -14.40% below from the 52-week high mark of $10.90 and +677.50% above from the 52-week bottom of $1.20. The stock hit its 52-week high price on 12/08/16, and 52-week low price on 01/12/16.

When we have a peek on stock’s historical trends we come to know that, the stock has climbed 0.21% in the past one week and soared 25.91% during previous one month drive, the stock went up 51.22% during past quarter. In the last six months the stock’s performance soared 83.30% while yearly performance of the company advanced 501.94%. The company’s year to date (YTD) performance is at 490.51%.

While taking a glance at financials, we can look at a number of key indicators. Cliffs Natural Resources Inc (NYSE:CLF) has a Return on Assets (ROA) of 1.80 %. The company currently has a Return on Equity (ROE) of -1.70%. Average true range (ATR-14) of the company sets at 0.68, along with its weekly and monthly volatility of 8.00%, 7.93% respectively. Beta value of the stock stands at 1.74.

The company’s price to free cash flow for trailing twelve months is 22.62. Its quick ratio for most recent quarter is 0.90 along with current ratio for most recent quarter of 2.20.

Featured Stock: Cliffs Natural Resources Inc (NYSE:CLF)

Cliffs Natural Resources Inc (NYSE:CLF) share price plunged -4.24% or -0.44 points to reach at $9.93 during previous trading session. The stock’s price fluctuated within the range of $9.63 – $10.38 during previous trading session. A total of 20.12M shares exchanged hands, whereas the company’s average trading volume stands at 16.56M shares. Cliffs Natural Resources Inc (NYSE:CLF) has a market capitalization of $2.19B and most recently 230.60M outstanding shares have been calculated.

In terms of market analysis and trading signals, RSI moving above the horizontal 30 reference level is viewed as a bullish indicator, while the RSI moving below the horizontal 70 reference level is seen to be a bearish indicator. Movements above 70 are interpreted as indicating overbought conditions; conversely, movements under 30 reflect oversold conditions.

Relative strength index (RSI-14) for Cliffs Natural Resources Inc (NYSE:CLF) is at 66.12.

According to sentiments of 8 analysts the mean estimates of short term price target for the company’s stock is marked at $6.38. The most optimistic analyst sees the stock reaching $10.00 while the most conventional predicts the target price at $2.00.

The consensus mean EPS for the current quarter is at $0.22 derived from a total of 7 estimates. According to analysts minimum EPS for the current quarter is expected at $0.01 and can go high up to $0.3. However a year ago during same quarter Cliffs Natural Resources Inc (NYSE:CLF) reported $-0.14 EPS.

For the upcoming quarter, initial predictions are anticipating that the company will post earnings of $-0.02 per share according to consensus of 4 analysts.

According to sentiments of 4 analysts the company is expected to report revenues of $657.59M for the current quarter. Bearish revenue estimates established at $622.2M while the bullish revenue forecast has been figured out at $685M.

In terms of Buy/Sell recommendations, analysts have a consensus rating of 2.89 on the shares of Cliffs Natural Resources Inc (NYSE:CLF). Out of rating recommendations 0 have given the stock a Buy while 2 recommend the stock as Outperform. 6 have given the stock a Hold rating, 1 as Underperform and 0 as Sell.

On technical side, moving averages may help to distinguish direction of tendencies, and they might also be used to set levels of sustenance and resistance. Cliffs Natural Resources Inc (NYSE:CLF)’s distance from 20 day simple moving average is 13.35% whereas its distance from 50 day simple moving average is 42.41% along with 83.43% distance from 200 day simple moving average.

Important factors to consider when evaluating a stock’s current and future value are the 52 week price high and low levels. Cliffs Natural Resources Inc (NYSE:CLF) shares were trading -8.90% below from the 52-week high mark of $10.90 and +727.50% above from the 52-week bottom of $1.20. The stock hit its 52-week high price on 12/08/16, and 52-week low price on 01/12/16.

When we have a peek on stock’s historical trends we come to know that, the stock has climbed 3.87% in the past one week and soared 38.11% during previous one month drive, the stock went up 75.13% during past quarter. In the last six months the stock’s performance soared 93.95% while yearly performance of the company advanced 355.50%. The company’s year to date (YTD) performance is at 528.48%.

While taking a glance at financials, we can look at a number of key indicators. Cliffs Natural Resources Inc (NYSE:CLF) has a Return on Assets (ROA) of 1.80%. The company currently has a Return on Equity (ROE) of -1.70%. Average true range (ATR-14) of the company sets at 0.63, along with its weekly and monthly volatility of 6.66%, 7.03% respectively. Beta value of the stock stands at 1.69.

The company’s price to free cash flow for trailing twelve months is 21.96. Its quick ratio for most recent quarter is 0.90 along with current ratio for most recent quarter of 2.20.

Stock in Action: Cliffs Natural Resources Inc (NYSE:CLF)

Cliffs Natural Resources Inc (NYSE:CLF) share price plunged -2.00% or -0.21 points to reach at $10.27 during previous trading session. The stock’s price fluctuated within the range of $9.90 – $10.38 during previous trading session. A total of 17,858,700 shares exchanged hands, whereas the company’s average trading volume stands at 12.17M shares. Cliffs Natural Resources Inc (NYSE:CLF) has a market capitalization of $2.60B and most recently 230.60M outstanding shares have been calculated.

In terms of market analysis and trading signals, RSI moving above the horizontal 30 reference level is viewed as a bullish indicator, while the RSI moving below the horizontal 70 reference level is seen to be a bearish indicator. Movements above 70 are interpreted as indicating overbought conditions; conversely, movements under 30 reflect oversold conditions.

Relative strength index (RSI-14) for Cliffs Natural Resources Inc (NYSE:CLF) is at 73.22.

According to sentiments of 8 analysts the mean estimates of short term price target for the company’s stock is marked at $6.38. The most optimistic analyst sees the stock reaching $10.00 while the most conventional predicts the target price at $2.00.

The consensus mean EPS for the current quarter is at $0.22 derived from a total of 7 estimates. According to analysts minimum EPS for the current quarter is expected at $0.01 and can go high up to $0.3. However a year ago during same quarter Cliffs Natural Resources Inc (NYSE:CLF) reported $-0.14 EPS.

For the upcoming quarter, initial predictions are anticipating that the company will post earnings of $ 0.02 per share according to consensus of 4 analysts.

According to sentiments of 4 analysts the company is expected to report revenues of $657.59M for the current quarter. Bearish revenue estimates established at $622.2M while the bullish revenue forecast has been figured out at $685M.

In terms of Buy/Sell recommendations, analysts have a consensus rating of 2.89 on the shares of Cliffs Natural Resources Inc (NYSE:CLF). Out of rating recommendations 0 have given the stock a Buy while 2 recommend the stock as Outperform. 6 have given the stock a Hold rating, 1 as Underperform and 0 as Sell.

On technical side, moving averages may help to distinguish direction of tendencies, and they might also be used to set levels of sustenance and resistance. Cliffs Natural Resources Inc (NYSE:CLF)’s distance from 20 day simple moving average is 25.57% whereas its distance from 50 day simple moving average is 52.82% along with 94.28% distance from 200 day simple moving average.

Important factors to consider when evaluating a stock’s current and future value are the 52 week price high and low levels. Cliffs Natural Resources Inc (NYSE:CLF) shares were trading -2.19% below from the 52-week high mark of $10.50 and +755.83% above from the 52-week bottom of $1.20. The stock hit its 52-week high price on 12/05/16, and 52-week low price on 01/12/16.

When we have a peek on stock’s historical trends we come to know that, the stock has climbed 17.37% in the past one week and soared 81.13% during previous one month drive, the stock went up 74.07% during past quarter. In the last six months the stock’s performance soared 89.83% while yearly performance of the company advanced 379.91%. The company’s year to date (YTD) performance is at 550.00%.

While taking a glance at financials, we can look at a number of key indicators. Cliffs Natural Resources Inc (NYSE:CLF) has a Return on Assets (ROA) of 1.80%. The company currently has a Return on Equity (ROE) of -1.70%. Average true range (ATR-14) of the company sets at 0.63, along with its weekly and monthly volatility of 7.26%, 7.03% respectively. Beta value of the stock stands at 1.69.

The company’s price to free cash flow for trailing twelve months is 22.71. Its quick ratio for most recent quarter is 0.90 along with current ratio for most recent quarter of 2.20.

Investor’s Watch List: Cliffs Natural Resources Inc (NYSE:CLF)

Cliffs Natural Resources Inc (NYSE:CLF) share price soared 3.52% or +0.33 points to reach at $9.56 during previous trading session. The stock’s price fluctuated within the range of $9.01 – $9.63 during previous trading session. A total of 11,744,800 shares exchanged hands, whereas the company’s average trading volume stands at 11.83M shares. Cliffs Natural Resources Inc (NYSE:CLF) has a market capitalization of $2.28B and most recently 230.60M outstanding shares have been calculated.

In terms of market analysis and trading signals, RSI moving above the horizontal 30 reference level is viewed as a bullish indicator, while the RSI moving below the horizontal 70 reference level is seen to be a bearish indicator. Movements above 70 are interpreted as indicating overbought conditions; conversely, movements under 30 reflect oversold conditions.

Relative strength index (RSI-14) for Cliffs Natural Resources Inc (NYSE:CLF) is at 71.18.

According to sentiments of 8 analysts the mean estimates of short term price target for the company’s stock is marked at $6.38. The most optimistic analyst sees the stock reaching $10.00 while the most conventional predicts the target price at $2.00.

The consensus mean EPS for the current quarter is at $0.22 derived from a total of 7 estimates. According to analysts minimum EPS for the current quarter is expected at $0.01 and can go high up to $0.3. However a year ago during same quarter Cliffs Natural Resources Inc (NYSE:CLF) reported $-0.14 EPS.

For the upcoming quarter, initial predictions are anticipating that the company will post earnings of $0.02 per share according to consensus of 4 analysts.

According to sentiments of 4 analysts the company is expected to report revenues of $657.59M for the current quarter. Bearish revenue estimates established at $622.2M while the bullish revenue forecast has been figured out at $685M.

In terms of Buy/Sell recommendations, analysts have a consensus rating of 2.89 on the shares of Cliffs Natural Resources Inc (NYSE:CLF). Out of rating recommendations 0 have given the stock a Buy while 2 recommend the stock as Outperform. 6 have given the stock a Hold rating, 1 as Underperform and 0 as Sell.

On technical side, moving averages may help to distinguish direction of tendencies, and they might also be used to set levels of sustenance and resistance. Cliffs Natural Resources Inc (NYSE:CLF)’s distance from 20 day simple moving average is 23.51% whereas its distance from 50 day simple moving average is 45.58% along with 83.68% distance from 200 day simple moving average.

Important factors to consider when evaluating a stock’s current and future value are the 52 week price high and low levels. Cliffs Natural Resources Inc (NYSE:CLF) shares were trading -5.72% below from the 52-week high mark of $10.14 and +696.67% above from the 52-week bottom of $1.20. The stock hit its 52-week high price on 11/28/16, and 52-week low price on 01/12/16.

When we have a peek on stock’s historical trends we come to know that, the stock has slipped -3.53% in the past one week and soared 74.77% during previous one month drive, the stock went up 66.84% during past quarter. In the last six months the stock’s performance soared 90.44% while yearly performance of the company advanced 336.53%. The company’s year to date (YTD) performance is at 505.06%.

While taking a glance at financials, we can look at a number of key indicators. Cliffs Natural Resources Inc (NYSE:CLF) has a Return on Assets (ROA) of 1.80%. The company currently has a Return on Equity (ROE) of -1.70%. Average true range (ATR-14) of the company sets at 0.62, along with its weekly and monthly volatility of 7.40%, 6.86% respectively. Beta value of the stock stands at 1.69.

The company’s price to free cash flow for trailing twelve months is 21.14. Its quick ratio for most recent quarter is 0.90 along with current ratio for most recent quarter of 2.20.

Notable Mover: Cliffs Natural Resources Inc (NYSE:CLF)

Cliffs Natural Resources Inc (NYSE:CLF) share price plunged -10.07% or -0.98 points to reach at $8.75 during previous trading session. The stock’s price fluctuated within the range of $8.70 – $9.34 during previous trading session. A total of 23,782,300 shares exchanged hands, whereas the company’s average trading volume stands at 11.61M shares. Cliffs Natural Resources Inc (NYSE:CLF) has a market capitalization of $1.98B and most recently 230.60M outstanding shares have been calculated.

In terms of market analysis and trading signals, RSI moving above the horizontal 30 reference level is viewed as a bullish indicator, while the RSI moving below the horizontal 70 reference level is seen to be a bearish indicator. Movements above 70 are interpreted as indicating overbought conditions; conversely, movements under 30 reflect oversold conditions.

Relative strength index (RSI-14) for Cliffs Natural Resources Inc (NYSE:CLF) is at 64.96.

According to sentiments of 8 analysts the mean estimates of short term price target for the company’s stock is marked at $6.00. The most optimistic analyst sees the stock reaching $10.00 while the most conventional predicts the target price at $2.00.

The consensus mean EPS for the current quarter is at $0.22 derived from a total of 7 estimates. According to analysts minimum EPS for the current quarter is expected at $0.01 and can go high up to $0.3. However a year ago during same quarter Cliffs Natural Resources Inc (NYSE:CLF) reported $-0.14 EPS.

For the upcoming quarter, initial predictions are anticipating that the company will post earnings of $0.03per share according to consensus of 4 analysts.

According to sentiments of 4 analysts the company is expected to report revenues of $657.59M for the current quarter. Bearish revenue estimates established at $622.2M while the bullish revenue forecast has been figured out at $685M.

In terms of Buy/Sell recommendations, analysts have a consensus rating of 2.89 on the shares of Cliffs Natural Resources Inc (NYSE:CLF). Out of rating recommendations 0 have given the stock a Buy while 2 recommend the stock as Outperform. 6 have given the stock a Hold rating, 1 as Underperform and 0 as Sell.

On technical side, moving averages may help to distinguish direction of tendencies, and they might also be used to set levels of sustenance and resistance. Cliffs Natural Resources Inc (NYSE:CLF)’s distance from 20 day simple moving average is 21.16% whereas its distance from 50 day simple moving average is 36.96% along with 71.52% distance from 200 day simple moving average.

An important factor to consider when evaluating a stock’s current and future value are the 52 week price high and low levels. Cliffs Natural Resources Inc (NYSE:CLF) shares were trading -13.71% below from the 52-week high mark of $10.14 and +629.17% above from the 52-week bottom of $1.20. The stock hit its 52-week high price on 11/28/16, and 52-week low price on 01/12/16.

When we have a peek on stock’s historical trends we come to know that, the stock has climbed 16.05% in the past one week and soared 61.14% during previous one month drive, the stock went up 52.17% during past quarter. In the last six months the stock’s performance soared 99.77% while yearly performance of the company advanced 290.63%. The company’s year to date (YTD) performance is at 453.80%.

While taking a glance at financials, we can look at a number of key indicators. Cliffs Natural Resources Inc (NYSE:CLF) has a Return on Assets (ROA) of 1.80%. The company currently has a Return on Equity (ROE) of -1.70%. Average true range (ATR-14) of the company sets at 0.60, along with its weekly and monthly volatility of 9.86%, 6.69% respectively. Beta value of the stock stands at 1.77.

The company’s price to free cash flow for trailing twelve months is 20.02. Its quick ratio for most recent quarter is 0.90 along with current ratio for most recent quarter of 2.20.

Overbuying Alert on: Cliffs Natural Resources Inc (NYSE:CLF)

Cliffs Natural Resources Inc (NYSE:CLF) share price soared 6.60% or +0.57 points to reach at $9.20 during previous trading session. The stock’s price fluctuated within the range of $8.24 – $9.38 during previous trading session. A total of 30,845,400 shares exchanged hands, whereas the company’s average trading volume stands at 11.08M shares. Cliffs Natural Resources Inc (NYSE:CLF) has a market capitalization of $ 2.26B and most recently 230.60M outstanding shares have been calculated.

In terms of market analysis and trading signals, RSI moving above the horizontal 30 reference level is viewed as a bullish indicator, while the RSI moving below the horizontal 70 reference level is seen to be a bearish indicator. Movements above 70 are interpreted as indicating overbought conditions; conversely, movements under 30 reflect oversold conditions.

Relative strength index (RSI-14) for Cliffs Natural Resources Inc (NYSE:CLF) is at 82.02.

According to sentiments of 8 analysts the mean estimates of short term price target for the company’s stock is marked at $6.00. The most optimistic analyst sees the stock reaching $10.00 while the most conventional predicts the target price at $2.00.

The consensus mean EPS for the current quarter is at $0.22 derived from a total of 7 estimates. According to analysts minimum EPS for the current quarter is expected at $0.01 and can go high up to $0.3. However a year ago during same quarter Cliffs Natural Resources Inc (NYSE:CLF) reported $-0.14 EPS.

For the upcoming quarter, initial predictions are anticipating that the company will post earnings of $-0.03 per share according to consensus of 4 analysts.

According to sentiments of 4 analysts the company is expected to report revenues of $657.59M for the current quarter. Bearish revenue estimates established at $622.2M while the bullish revenue forecast has been figured out at $685M.

In terms of Buy/Sell recommendations, analysts have a consensus rating of 2.89 on the shares of Cliffs Natural Resources Inc (NYSE:CLF). Out of rating recommendations 2 have given the stock a Buy while 2 recommend the stock as Outperform. 6 have given the stock a Hold rating, 1 as Underperform and 0 as Sell.

On technical side, moving averages may help to distinguish direction of tendencies, and they might also be used to set levels of sustenance and resistance. Cliffs Natural Resources Inc (NYSE:CLF)’s distance from 20 day simple moving average is 39.07% whereas its distance from 50 day simple moving average is 49.87% along with 84.55% distance from 200 day simple moving average.

An important factor to consider when evaluating a stock’s current and future value are the 52 week price high and low levels. Cliffs Natural Resources Inc (NYSE:CLF) hit its 52-week high price on 11/23/16, and 52-week low price on 01/12/16.

When we have a peek on stock’s historical trends we come to know that, the stock has climbed 22.83% in the past one week and soared 46.96% during previous one month drive, the stock went up 55.93% during past quarter. In the last six months the stock’s performance soared 177.11% while yearly performance of the company advanced 288.19%. The company’s year to date (YTD) performance is at 482.28%.

While taking a glance at financials, we can look at a number of key indicators. Cliffs Natural Resources Inc (NYSE:CLF) has a Return on Assets (ROA) of 1.80%. The company currently has a Return on Equity (ROE) of -1.70%. Average true range (ATR-14) of the company sets at 0.52, along with its weekly and monthly volatility of 7.45%, 7.00% respectively. Beta value of the stock stands at 1.57.

The company’s price to free cash flow for trailing twelve months is 21.16. Its quick ratio for most recent quarter is 0.90 along with current ratio for most recent quarter of 2.20.

Stock to Watch for Earnings: Cliffs Natural Resources Inc (NYSE:CLF)

Shares of Cliffs Natural Resources Inc (NYSE:CLF) fell -18.23% to reach at $5.07 during previous trading session. The company has experienced volume of 36,007,900 shares while on average the company has a capacity of trading 11.16M share.

Cliffs Natural Resources Inc (NYSE:CLF) on October 27, 2016 reported third-quarter results for the period ended September 30, 2016. The Company reported consolidated revenues of $553 million during the third quarter of 2016, a decrease of 7 percent compared to the prior year’s third-quarter revenues of $593 million. Cost of goods sold decreased by 13 percent to $468 million compared to $538 million reported in the third quarter of 2015.

The Company recorded a net loss of $28 million compared to net income of $6 million recorded in the prior-year quarter. The net loss during the third quarter of 2016 included an $18 million loss on extinguishment/restructuring of debt, primarily attributable to the full redemption of the Senior Notes due January 2018 (the “2018 Notes”), compared to a $79 million gain on extinguishment/restructuring of debt in the prior-year third quarter.

Cliffs redeemed the entirety of its 2018 Notes during the quarter, of which $284 million was outstanding. The total payment to holders of the 2018 Notes was approximately $304 million, including accrued and unpaid interest. The debt extinguishment was funded primarily from the proceeds of the August 2016 common share issuance, a $288 million net cash inflow.

Total debt at the end of the third quarter of 2016 was $2.2 billion, approximately $500 million lower than $2.7 billion at the end of the prior-year quarter. The year-over-year reduction is attributable to the exchange offers completed in the first quarter of 2016 and the redemption of the 2018 Notes in the third quarter of 2016.  The Company had no borrowings on its asset-based lending facility at the end of the third quarter of 2016 or 2015. Cliffs had net debt of $2.0 billion at the end of the third quarter of 2016, compared to $2.5 billion of net debt at the end of the third quarter of 2015.

Cliffs Natural Resources Inc (NYSE:CLF) holds the market capitalization of $1.15B along with 228.31M outstanding shares. During the last trade, stock’s minimum price has been reached out at $4.91 while the maximum trading price moved at $5.56. Currently the stock price is moving -40.00% off from the highest level of twelve months and +322.50% above from twelve months low. Cliffs Natural Resources Inc (NYSE:CLF) marked 52-week highest price level of $8.45 on 07/28/16 and 52-week lowest price level of $1.20 on 01/12/16. For the stock, price target value has been calculated at $5.63 based on calls of 8 experts. Stock’s minimum price target estimates has been figured out at $2.00 while the maximum price target forecast is established at $10.00.

As of current trade, Cliffs Natural Resources Inc (NYSE:CLF) has shown weekly downbeat performance of -16.75%. Its six months performance indicated a bearish movement while its yearly performance reflected a positive trend of 92.05%. Year-to-date (YTD) performance of the stock illustrate upbeat downbeat trend of 220.89%. Shares of Cliffs Natural Resources Inc (NYSE:CLF) currently have an ABR of 2.53, derived from a total of 7 opinions. The company’s price sits -13.43% below from its 50-day moving average of $5.79 and 12.49% above from the stock’s 200-day moving average of $5.48. The company has Relative Strength Index (RSI 14) of 36.24 along with Average True Range (ATR 14) of 0.38. Its weekly and monthly volatility is 6.57%, 5.34% respectively. The company’s beta value is at 1.40.

Cliffs Natural Resources Inc (NYSE:CLF) currently has a PEG ratio of 1.61 where as its P/E ratio is 8.03. The company’s price to sales ratio for trailing twelve months is 0.63, whereas price to cash per share for the most recent quarter is 10.84. Cliffs Natural Resources Inc (NYSE:CLF)’s price to free cash flow for trailing twelve months is 5.86. Its quick ratio for most recent quarter is 0.80 along with current ratio for most recent quarter of 2.10. Cliffs Natural Resources Inc (NYSE:CLF) has a Return on Assets of 2.20%. The company currently has a Return on Equity of -2.00%.

Analyst’s Review under Consideration: Cliffs Natural Resources Inc (NYSE:CLF)

Cliffs Natural Resources Inc (NYSE:CLF) plunged -0.09% during previous trade, a total of 10.54M shares exchanged hands compared with its average trading volume of 10.52M shares whereas its relative volume is 0.87. The stock has a market capitalization of $1.24B along with 228.31M outstanding shares. Stock’s intraday price range hit the peak level of $6.03 and touched the lowest level of $5.81.

Most recently Cliffs Natural Resources Inc (NYSE:CLF)’s price target was revised on 09/27/16 and according to 6 analysts stock’s price will reach at $6.50 during 52 weeks with standard deviation of 2.70. Stock’s minimum price target estimates has been figured out at $2.00 while the maximum price target forecast is established at $10.00, if we look at the price target with an optimistic approach it has upside potential of 71% from its latest closing price of $5.85.

Historically, if we look at price target revisions, three weeks ago Cliffs Natural Resources Inc (NYSE:CLF)’s price target was revised on 08/29/16 by the analysts, however the bullish price estimates of the stock set at $10.00 while the bearish estimates kept at $2.00 over the next one year. Stock’s 52-week target was retained at $7.20, the estimates indicates a standard deviation of 3.11.

While taking an overview of recommendation trends, the stock currently has an average brokerage recommendation of 2.78. ABR value is precisely based on brokerage recommendations, where out of 6 brokerage recommendations 1 rate Cliffs Natural Resources Inc (NYSE:CLF) stock a Strong Buy, 0 rate the stocks of the company a Buy, 4 rate Hold, 1 rate Sell and 0 recommend a Strong Sell. Most recently on 6/10/2016 the stock of Cliffs Natural Resources Inc (NYSE:CLF) upgraded by Macquarie from Neutral to Outperform. However previously on 5/31/2016 it was upgraded by JP Morgan from Neutral to Overweight. A research note issued on 1/8/2016 the stock was downgraded by Macquarie from Outperform to Neutral.

Cliffs Natural Resources Inc (NYSE:CLF) performance over the past one year advanced 147.88% whereas its year to date (YTD) performance indicated a bullish trend of 270.25%. During the last six months the stock rose 104.55%. Quarterly performance of the company shows optimistic momentum of 1.92% while its last one month trend is positive with 2.63%. Stock’s weekly performance expressed down trend of -4.72%.

The company’s price sits -10.06% below from its 50-day moving average of $5.95 and 42.26% far from the stock’s 200-day moving average which is $5.11. Cliffs Natural Resources Inc (NYSE:CLF)’s shares are currently trading -30.77% away from the 52-week high price of $8.45 and +387.50% far from the 52-week low price of $1.20.

According to consensus agreement of 6 analysts Cliffs Natural Resources Inc (NYSE:CLF) will report earnings per share of $0.21 in their quarterly report and it is expected to announce the company’s results on 11/3/16. For the current quarter the company has high EPS estimates of $0.28 in contradiction of low EPS estimates of $0.16. However a year ago for the same quarter the company has reported $-0.35 EPS. Current year EPS projections for Cliffs Natural Resources Inc (NYSE:CLF) are set at $1.09 according to the sentiments of 3 analysts, while its lowest earnings estimates are $0.98 and highest earnings estimates are $1.15.

According to 4 analysts, Cliffs Natural Resources Inc (NYSE:CLF)’s revenue estimates for the current quarter are $597.3M meanwhile the company has high revenue estimates of $618.1M in contradiction of low revenue estimates of $583.1M. For the current year the company’s revenue estimates are $2.05B compared to low analyst estimates of $1.97B and high estimates of $2.13B according to the projection of 5 analysts.

Basic Materials Stocks That Must Be on Your Watch List: Exxon Mobil Corporation (NYSE:XOM), Cliffs Natural Resources Inc (NYSE:CLF)

Exxon Mobil Corporation (NYSE:XOM) shares went up 0.91% or 0.80 points to reach at $88.91 during the course of session. The stock traded in the range of $88.12 – $88.94 during its most recent trading session. The stock has total market worth of $369.48B and it has total of 4.15B outstanding shares. Relative strength index (RSI-14) for Exxon Mobil Corporation (NYSE:XOM) is at 50.18.

Historically the stock has climbed 2.53% in the past week and plunged -4.54% in the last four weeks, the stock illustrate that its three months performance stands at -0.49% while its year to date performance is at 17.05%. Stock’s price oscillated from $66.55 to $95.55 during past twelve months. The stock is now trading at a distance of 0.54% from SMA-20. The stock is presently trading -1.54% below from its SMA-50. In the current trading session, the stock’s price moved 6.97% above from its SMA-200. If we take a look on its volatility, 0.93 percent was seen in a week and for the month it was 1.32 percent. Stock’s beta value stands at 0.78 and its ATR value is at 1.12.

Scientists from Exxon Mobil Corporation (NYSE:XOM) and the Georgia Institute of Technology have developed a potentially revolutionary new technology that could significantly reduce the amount of energy and emissions associated with manufacturing plastics. Results of the research were published on August 18, 2016 in the peer-reviewed journal Science.

If brought to industrial scale, this breakthrough could reduce industry’s global annual carbon dioxide emissions by up to 45 million tons, which is equivalent to the annual energy-related carbon dioxide emissions of about five million U.S. homes. It could also reduce global energy costs used to make plastics by up to $2 billion a year.

Using a molecular-level filter, the new process employs a form of reverse osmosis to separate para-xylene, a chemical building block for polyester and plastics, from complex hydrocarbon mixtures. The current commercial-scale process used around the world relies on energy and heat to separate those molecules.

Cliffs Natural Resources Inc (NYSE:CLF) shares rose 0.80% or 0.05 points in order to take the company’s stock at the price of $6.33. Stock’s price oscillated between $6.20 and $6.45 for intra-day trading. Relative strength index (RSI-14) for Cliffs Natural Resources Inc (NYSE:CLF) is at 40.07. It has total market capitalization of $1.43B.

Historically the stock has slipped -4.38% in the past week and plunged -9.70% in the last four weeks, the stock illustrate that its three months performance stands at 116.78% while its year to date performance is at 300.63%. The stock hit the peak price level of one year at $8.45 and touched the minimum level of $1.20. Shares are trading -25.09% off from the 52-week high price and +427.50% above from the 52-week bottom price level. The stock is now trading at a distance of -14.82% from SMA-20. The stock is presently trading -1.48% below from its SMA-50. In the current trading session, the stock’s price moved 75.44% above from its SMA-200. The company has a Return on Assets of 2.20%. The company currently has a Return on Equity of -2.00%.

Cliffs Natural Resources Inc (NYSE:CLF) announced on August 17, 2016that it will redeem the entirety of its outstanding Senior Notes due January 2018 (the “Notes”). The aggregate principal amount outstanding of the Notes is approximately $284 million. Pursuant to the terms of the Notes and the Indenture governing the Notes, the Company expects total payment to holders of the Notes to be approximately $301 million in aggregate, plus accrued and unpaid interest.

Lourenco Goncalves, Cliffs’ Chairman, President and Chief Executive Officer, said, “The successful completion of the equity offering this week has allowed us to move forward with the retirement of the 2018 Notes. This action further confirms our commitment to our top priorities in capital allocation: paying down debt and reducing interest expense.” Mr. Goncalves added, “We now have nearly four years until our next maturity comes due. With this step, we have marked yet another milestone in the successful turnaround of Cliffs.”

Upon completion of the redemption, Cliffs’ annualized interest expense is expected to be reduced by approximately $17 million.