Gallagher Fiduciary Advisors adds Cliffs Natural Resources Inc (CLF) to its portfolio

Cliffs Natural Resources Inc (CLF) : Gallagher Fiduciary Advisors added new position in Cliffs Natural Resources Inc during the most recent quarter end. The investment management firm now holds 1,958,619 shares of Cliffs Natural Resources Inc which is valued at $5.7 Million , the company said in a statement filed on May 13, 2016 with the SEC.Cliffs Natural Resources Inc makes up approximately 2.60% of Gallagher Fiduciary Advisors’s portfolio.

Other Hedge Funds, Including , Van Eck Associates Corp boosted its stake in CLF in the latest quarter, The investment management firm added 7,071 additional shares and now holds a total of 168,549 shares of Cliffs Natural Resources Inc which is valued at $490,478.Manufacturers Life Insurance Company The boosted its stake in CLF in the latest quarter, The investment management firm added 2,950 additional shares and now holds a total of 105,501 shares of Cliffs Natural Resources Inc which is valued at $307,008. Commonwealth Of Pennsylvania Public School Empls Retrmt Sys added CLF to its portfolio by purchasing 10,697 company shares during the most recent quarter which is valued at $31,128. Equitec Specialists added CLF to its portfolio by purchasing 92,123 company shares during the most recent quarter which is valued at $485,488. Cliffs Natural Resources Inc makes up approx 0.37% of Equitec Specialists’s portfolio.

Cliffs Natural Resources Inc opened for trading at $3.06 and hit $3.3 on the upside on Wednesday, eventually ending the session at $3.3, with a gain of 9.27% or 0.28 points. The heightened volatility saw the trading volume jump to 1,25,04,700 shares. Company has a market cap of $600 M.

On the company’s financial health, Cliffs Natural Resources Inc reported $0.62 EPS for the quarter, beating the analyst consensus estimate by $ 0.91 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $-0.29. The company had revenue of $306.00 million for the quarter, compared to analysts expectations of $271.80 million. The company’s revenue was down -31.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.02 EPS.

Many Wall Street Analysts have commented on Cliffs Natural Resources Inc. Company shares were Reiterated by FBR Capital on May 4, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 4 from a previous price target of $3 .Company shares were Reiterated by Cowen on Apr 29, 2016 to “Market Perform”, Firm has raised the Price Target to $ 6 from a previous price target of $3 .Cliffs Natural Resources Inc was Initiated by Credit Suisse to “Underperform” on Mar 11, 2016.

Cliffs Natural Resources Inc. is a mining and natural resources company. The Company is a supplier of iron ore pellets to the North American steel industry from its mines and pellet plants located in Michigan and Minnesota. The Company also produces low-volatile metallurgical coal in the United States from its mines located in Alabama and West Virginia. In addition it operates an iron ore mining complex in Western Australia and owns two non-operating iron ore mines in Eastern Canada. The Company operates in segments: U.S. Iron Ore Asia Pacific Iron Ore and North American Coal. In the United States it operates five iron ore mines in Michigan and Minnesota and two metallurgical coal operations located in Alabama and West Virginia. Its Asia Pacific operations consist of its Koolyanobbing iron ore mining complex in Western Australia.

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