Cliffs Natural Resources (CLF) : The consensus on Cliffs Natural Resources (CLF) based on 7 analyst recommendation on the company stock is 2.53, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Cliffs Natural Resources (CLF).
Cliffs Natural Resources (CLF) : Currently there are 6 street experts covering Cliffs Natural Resources (CLF) stock. The most bullish and bearish price target for the stock is $9 and $2 respectively for the short term. The average price target of all the analysts comes to $6.75. The estimated standard deviation from the target is $2.44.
Company shares have received an average consensus rating of Hold for the current week Cliffs Natural Resources (NYSE:CLF): The stock opened at $6.90 on Thursday but the bulls could not build on the opening and the stock topped out at $7.00 for the day. The stock traded down to $6.61 during the day, due to lack of any buying support eventually closed down at $6.62 with a loss of -6.36% for the day. The stock had closed at $7.07 on the previous day. The total traded volume was 47,084,465 shares.
In a related news, Goncalves Lourenco, CEO of Cliffs Natural Resources Inc. had purchased 100,000 shares on May 9, 2016 in a transaction. The price per share was $3.04 and the total amount of the disclosed transaction was $304,000.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
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.