Brokerage Firm Rating Update on Cliffs Natural Resources (CLF)

Cliffs Natural Resources (CLF) has an average broker rating of 2.78, which is interpreted as a Hold, as rated by 6 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 considers that the stock is a Sell.

Cliffs Natural Resources (CLF) : Currently there are 5 street experts covering Cliffs Natural Resources (CLF) stock. The most bullish and bearish price target for the stock is $10 and $2 respectively for the short term. The average price target of all the analysts comes to $7.2. The estimated standard deviation from the target is $3.11.


Company shares have received an average consensus rating of Hold for the current week Also, In the latest statement by the brokerage house, Macquarie maintains its outlook on Cliffs Natural Resources (NYSE:CLF). The current rating of the shares is Outperform, according to the research report released by the firm. The brokerage firm lowers the price target from $11 per share to $10 per share. The rating by the firm was issued on August 29, 2016.

Cliffs Natural Resources (NYSE:CLF): The stock opened at $5.81 and touched an intraday high of $5.97 on Wednesday. During the day, the stock corrected to an intraday low of $5.73, however, the bulls stepped in and pushed the price higher to close in the green at $5.9 with a gain of 1.20% for the day. The total traded volume for the day was 8,290,306. The stock had closed at $5.83 in the previous trading session.

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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