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Cliffs Natural Resources (CLF) Leading In Pre-Market Activity

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified Cliffs Natural Resources ( CLF) as a pre-market leader candidate. In addition to specific proprietary factors, Trade-Ideas identified Cliffs Natural Resources as such a stock due to the following factors:

  • CLF has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $187.9 million.
  • CLF traded 42,225 shares today in the pre-market hours as of 9:01 AM.
  • CLF is up 3.4% today from Friday's close.

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More details on CLF:

Cliffs Natural Resources Inc., a mining and natural resources company, engages in the production of iron ore pellets, fines and lump ore, and metallurgical coal. The stock currently has a dividend yield of 2.7%. Currently there is 1 analyst that rates Cliffs Natural Resources a buy, 3 analysts rate it a sell, and 11 rate it a hold.

The average volume for Cliffs Natural Resources has been 8.0 million shares per day over the past 30 days. Cliffs Natural has a market cap of $3.3 billion and is part of the basic materials sector and metals & mining industry. The stock has a beta of 2.33 and a short float of 33.7% with 6.18 days to cover. Shares are down 43.3% year to date as of the close of trading on Friday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Cliffs Natural Resources as a hold. Among the primary strengths of the company is its generally strong cash flow from operations. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins.

Highlights from the ratings report include:

  • Net operating cash flow has significantly increased by 330.66% to $414.30 million when compared to the same quarter last year. In addition, CLIFFS NATURAL RESOURCES INC has also vastly surpassed the industry average cash flow growth rate of -13.48%.
  • CLF, with its decline in revenue, slightly underperformed the industry average of 1.6%. Since the same quarter one year prior, revenues slightly dropped by 5.7%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
  • CLIFFS NATURAL RESOURCES INC has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. The company has reported a trend of declining earnings per share over the past two years. However, the consensus estimate suggests that this trend should reverse in the coming year. During the past fiscal year, CLIFFS NATURAL RESOURCES INC swung to a loss, reporting -$6.59 versus $11.34 in the prior year. This year, the market expects an improvement in earnings ($2.68 versus -$6.59).
  • The gross profit margin for CLIFFS NATURAL RESOURCES INC is currently lower than what is desirable, coming in at 27.71%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of 9.80% trails that of the industry average.
  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Metals & Mining industry. The net income has significantly decreased by 43.4% when compared to the same quarter one year ago, falling from $258.00 million to $146.00 million.

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