Cliffs Natural Resources Inc.s in-depth stock price analysis indicates that the stock price has rallied 50.47% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 93.24% . Looking at the past 52 week period, the stock price is up at 471.8% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Cliffs Natural Resources Inc. has a positive value of 180.33 compared to overall market. Cliffs Natural Resources Inc. (NYSE:CLF) has climbed 26.85% in the past week and advanced 20.8% in the last 4 weeks. 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.
Cliffs Natural Resources Inc. (NYSE:CLF) stock ended Friday session in the red zone in a volatile trading. The stock closed down 0.22 points or 1.93% at $11.15 with 116,059,464 shares getting traded. Post opening the session at $10.92, the shares hit an intraday low of $10.8 and an intraday high of $11.25 and the price was in this range throughout the day. The company has a market cap of $2,599 million and the number of outstanding shares has been calculated to be 233,074,090 shares. The 52-week high of Cliffs Natural Resources Inc. (NYSE:CLF) is $11.7 and the 52-week low is $1.67.
Cliffs Natural Resources Inc Last issued its quarterly earnings results on Feb 9, 2017. The company reported $0.42 EPS for the quarter, beating the analyst consensus estimate by $ 0.16. Analyst had a consensus of $0.26. The company had revenue of $754.00 million for the quarter, compared to analysts expectations of $668.21 million. The companys revenue was up 58.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.39 EPS.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Cliffs Natural Resources Inc was Upgraded by Morgan Stanley to Equal-Weight on Nov 14, 2016.
Company has reported several Insider transactions to the SEC, on Nov 4, 2016, Robert P Jr Fisher (director) purchased 4,000 shares at 5.66 per share price.On Nov 3, 2016, Eric M Rychel (director) purchased 5,000 shares at 5.55 per share price.On Nov 2, 2016, Susan Miranda Green (director) purchased 1,770 shares at 5.65 per share price.
CLIFFS NATURAL RESOURCES INC, formerly Cleveland-Cliffs Inc, is an international mining company, a producer of iron ore pellets in North America and a supplier of metallurgical coal to the global steelmaking industry. It operates six iron ore mines in Michigan, Minnesota and Eastern Canada, and three coking coal mines in West Virginia and Alabama. 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. In addition, it has a 30% interest in the Amapa Project, a Brazilian iron ore project, and a 45% economic interest in the Sonoma Project, an Australian coking and thermal coal project.