Cliffs Natural Resources Inc. (CLF) Files Form 4 Insider Buying : Lourenco Goncalves Buys 100,000 Shares

Cliffs Natural Resources Inc. (CLF): Lourenco Goncalves , CEO of Cliffs Natural Resources Inc. purchased 100,000 shares on May 9, 2016. The Insider buying transaction was reported by the company on May 9, 2016 to the Securities and Exchange Commission. The shares were purchased at $3.04 per share for a total value of $304,320.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 6, 2016, Douglas C Taylor (director) sold 7,231,520 shares at $4.01 per share price.On Feb 25, 2016, Michael D Siegal (director) purchased 2,263 shares at $0.00 per share price.Also, On Nov 6, 2015, James S Sawyer (director) purchased 25,000 shares at $3.07 per share price.On May 27, 2015, Lourenco Goncalves (CEO) purchased 108,148 shares at $5.08 per share price.

Shares of Cliffs Natural Resources Inc (CLF) ended Friday, May 6, 2016 session in red amid volatile trading. The shares closed down -0.19 points or -5.14% at $3.51 with 1,48,64,857 shares getting traded. Post opening the session at $3.63, the shares hit an intraday low of $3.5 and an intraday high of $3.87 and the price vacillated in this range throughout the day. The company has a market cap of $639 M and the number of outstanding shares has been calculated to be 18,19,23,990 shares. The 52-week high of Cliffs Natural Resources Inc is $6.87 and the 52-week low is $1.2.

Cliffs Natural Resources Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Cliffs Natural Resources Inc is Reiterated by FBR Capital to Mkt Perform and the brokerage firm has raised the Price Target to $ 4 from a previous price target of $3 .The Rating was issued on May 4, 2016.Cliffs Natural Resources Inc is Reiterated by Cowen to Market Perform and the brokerage firm has raised the Price Target to $ 6 from a previous price target of $3 .The Rating was issued on Apr 29, 2016.Cliffs Natural Resources Inc is Initiated by Credit Suisse to Underperform. The Rating was issued 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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