NEW YORK, NY / ACCESSWIRE / April 28, 2017 / Shares of the world's leading steel and mining company ArcelorMittal edged lower on Thursday as investors await the company's Q1 report on May 5th. Cliffs Natural Resources Inc., the leading mining and natural resources company, saw shares experience an even steeper fall after the company posted a loss in the first quarter.

RDI Initiates Coverage on:

ArcelorMittal
https://ub.rdinvesting.com/news/?ticker=MT

Cliffs Natural Resources Inc.
https://ub.rdinvesting.com/news/?ticker=CLF

ArcelorMittal's shares declined 2.15 percent to close at $7.75 a share on Thursday. The stock traded between $7.61 and $7.79 on volume of 16.40 million shares traded. ArcelorMittal is scheduled to report earnings on Friday, May 5th, 2017. On March 31st, the company received an upgrade from JP Morgan from Neutral to Overweight.

Access RDI's ArcelorMittal Research Report at:
https://ub.rdinvesting.com/news/?ticker=MT

Cliff Natural Resources shares sank 6.94% on Thursday after the largest producer of iron ore pellets in North America turned in a first earnings quarter report that disappointed the Street. The company's net loss came in at 11 cents, which significantly missed the consensus estimate of 16 cents from Zacks. Revenue of $461.6 million however did beat the Zacks Consensus Estimate of $373 million.

Looking ahead, CEO Lourenco Goncalves said, "During the first quarter, we put our finishing touches on what has been a remarkable operational, commercial and financial transformation of this company. Over the last two and half years, Cliffs has transformed itself into a lean and focused company, with a strong balance sheet and a lot less to pay in interest expense. This is particularly evident in our strong first quarter results, which exceeded our expectations in revenues, EBITDA and earnings per share. We expect 2017 to be a phenomenal year of EBITDA and free cash flow generation." The company said it expects about $380 million in net income and $700 million in adjusted EBITDA for the full year. Analysts are expecting a second quarter profit of $0.47 per share from the company on $694.79 million in revenues.

Access RDI's Cliffs Natural Resources Research Report at:
https://ub.rdinvesting.com/news/?ticker=CLF

Our Actionable Research on ArcelorMittal (NYSE: MT) and Cliffs Natural Resources Inc. (NYSE: CLF) can be downloaded free of charge at Research Driven Investing.

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