Cliffs Natural Resources (CLF) : Average target price received by Cliffs Natural Resources (CLF) is $4.43 with an expected standard deviation of $2.49. The most aggressive target on the stock is $8, whereas the most downbeat target is $1. 7 financial analysts are currently covering the stock.
Cliffs Natural Resources (CLF) has seen a shortfall of 9,529,234 shares or 13.6% in the short interest. The remaining shorts are 37.1% of the total floated shares. The net short interest, as on June 30,2016, stood at 60,285,616 shares and the stocks days to cover will be 5 by factoring in the average per day volume of 11,990,868 shares. On June 15,2016, 69,814,850 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Major Brokerage house, Macquarie upgrades its ratings on Cliffs Natural Resources (NYSE:CLF). According to the latest information available, the shares are now rated Outperform by the analysts at the agency. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on June 10, 2016.
Cliffs Natural Resources (NYSE:CLF): On Thursdays trading session , Opening price of the stock was $7.38 with an intraday high of $7.5. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $7.1. However, the stock managed to close at $7.25, a loss of 0.55% for the day. On the previous day, the stock had closed at $7.29. The total traded volume of the day was 10,434,554 shares.
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.