Price Target Update on Cliffs Natural Resources (NYSE:CLF)

Cliffs Natural Resources (NYSE:CLF) has been rated by 7 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $8 and the lowest price target forecast is $1. The average forecast of all the analysts is $4.43 and the expected standard deviation is $2.49.

Other Equity analysts have also commented on the company shares. Equity Analysts at the Macquarie upgrades the rating on Cliffs Natural Resources (NYSE:CLF). The brokerage firm has issued a Outperform rating on the shares. The shares were previously rated Neutral. The rating by the firm was issued on June 10, 2016.

Cliffs Natural Resources (NYSE:CLF): stock turned positive on Thursday. Though the stock opened at $5.14, the bulls momentum made the stock top out at $5.36 level for the day. The stock recorded a low of $5.05 and closed the trading day at $5.25, in the green by 3.14%. The total traded volume for the day was 11,382,467. The stock had closed at $5.09 in the previous days trading.

The company shares have rallied 11.62% from its 1 Year high price. On Apr 28, 2016, the shares registered one year high at $5.83 and the one year low was seen on Jan 12, 2016. The 50-Day Moving Average price is $4.02 and the 200 Day Moving Average price is recorded at $2.87. On the companys insider trading activities, Goncalves Lourenco, CEO of Cliffs Natural Resources Inc., had purchased 100,000 shares on May 9, 2016. The total value of the transaction was $304,000. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.

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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