Cliffs Natural Resources (CLF) : 6 analysts are covering Cliffs Natural Resources (CLF) and their average rating on the stock is 2.78, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Cliffs Natural Resources (CLF) : Average target price received by Cliffs Natural Resources (CLF) is $7.2 with an expected standard deviation of $3.11. The most aggressive target on the stock is $10, whereas the most downbeat target is $2. 5 financial analysts are currently covering the stock.
Also, Macquarie maintains their rating on the shares of Cliffs Natural Resources (NYSE:CLF). The current rating of the shares is Outperform. Equity Analysts at the Firm lowers the price target to $10 per share from $11 per share. The rating by the firm was issued on August 29, 2016.
Cliffs Natural Resources (NYSE:CLF): After opening at $5.35, the stock dipped to an intraday low of $5.28 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $5.55 and the buying power remained strong till the end. The stock closed at $5.47 for the day, a gain of 2.43% for the day session. The total traded volume was 7,249,095. The stocks close on the previous trading day was $5.34.
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.