Cliffs Natural Resources (CLF) Receives Price Target

Cliffs Natural Resources (CLF) has been rated by 5 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $10 and the lowest price target forecast is $2. The average forecast of all the analysts is $7.2 and the expected standard deviation is $3.11.

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.


Also, Equity Analysts at the JP Morgan maintains the rating on Cliffs Natural Resources (NYSE:CLF). The brokerage firm has issued a Overweight rating on the shares. The Analysts at the ratings agency lowers the price target from $10.5 per share to $10 per share. The rating by the firm was issued on July 29, 2016.

Cliffs Natural Resources (NYSE:CLF): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $5.74 and $5.60 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.81. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.78, notching a gain of 1.40% for the day. The total traded volume was 8,279,302 . The stock had closed at $5.70 on the previous day.

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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