Cliffs Natural Resources (CLF) Shares are Down -4.09%

Cliffs Natural Resources (CLF) : During the past 4 weeks, traders have been relatively bearish on Cliffs Natural Resources (CLF), hence the stock is down -15.15% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -4.06% relative to the S&P 500. The 4-week change in the price of the stock is -14.83% and the stock has fallen -4.09% in the past 1 week.

Cliffs Natural Resources Inc. is up 108.56% in the last 3-month period. Year-to-Date the stock performance stands at 285.44%. The stock has recorded a 20-day Moving Average of 17.64% and the 50-Day Moving Average is 5.49%.


Cliffs Natural Resources (NYSE:CLF): The stock opened at $6.24 on Friday but the bulls could not build on the opening and the stock topped out at $6.31 for the day. The stock traded down to $6.03 during the day, due to lack of any buying support eventually closed down at $6.09 with a loss of -3.79% for the day. The stock had closed at $6.33 on the previous day. The total traded volume was 13,135,913 shares.

Also, Major Brokerage house, JP Morgan maintains its ratings on Cliffs Natural Resources (NYSE:CLF). In the latest research report, JP Morgan lowers the target price from $10.5 per share to $10 per share. According to the latest information available, the shares are now rated Overweight by the analysts at the agency. The rating by the firm was issued on July 29, 2016.

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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