Alpha Natural Resources warns of layoffs in Va., Ky

The 52-week low of the share price is at $3.06. The stock was purchased at an average price of $5.20 per share, for a total transaction of $49,400.00.

Cliffs Natural Resources (NYSE:CLF) was the recipient of a large drop in short interest during the month of June. This number is based on the average of 8 brokers providing recommendations. Analysts at Goldman Sachs upgraded shares of Alpha Natural Resources from a “sell” rating to a “neutral” rating and set a $0.70 price target on the stock in a research note on Monday, June 1st. This is based on a scale of 1 to 5 where a 1 would constitute a strong buy and 5 would represent a strong sell. In accordance with requirements of the Worker Adjustment and Retraining Notification (WARN) Act, the operators have given notice to approximately 292 employees at six mines and a processing plant in southwest Virginia and eastern Kentucky of the expected idling of those facilities in anticipation of their potential sale.

Shares of Cliffs Natural Resources (NYSE:CLF) opened at 3.14 on Thursday. 13 Wall Street analysts have given the company an average rating of 3.13. Finally, analysts at Imperial Capital downgraded shares of Alpha Natural Resources from an “in-line” rating to an “underperform” rating in a research note on Wednesday, May 20th. (NYSE:CLF) which led to swings in the share price. Before the actual earnings report, the standard deviation for the earnings per share estimates was 0.09. The company’s market cap is $52.28 million. The company had revenue of $800.00 million for the quarter, compared to the consensus estimate of $860.60 million. For the most recent period ending on 2015-03-31, the company reported earnings per share of $-0.79. Recently, Cliffs Natural Resources Inc. The Company is an iron ore producer and a producer of metallurgical coal. As of December 31, 2013, the Company operated 81 mines and 25 coal preparation plants in Northern and Central Appalachia and the Powder River Basin. The Companys operations are organized according to product category and geographic location: U.S. Iron Ore, Eastern Canadian Iron Ore, North American Coal, Asia Pacific Iron Ore, Asia Pacific Coal, Latin American Iron Ore, Ferroalloys, and its Global Exploration Group. The Company operates in two segments: Eastern Coal Operations and Western coals Operations. With affiliate mining operations in Virginia, West Virginia, Kentucky, Pennsylvania and Wyoming, Alpha supplies metallurgical coal to the steel industry and thermal coal to generate power to customers on five continents.