Cliffs Natural Resources (CLF) : Zacks Investment Research ranks Cliffs Natural Resources (CLF) as 1, which is a Strong Buy recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 8 research analysts is 2.84, which indicates as a Hold.
Cliffs Natural Resources (CLF) : The most positive equity analysts on Cliffs Natural Resources (CLF) expects the shares to touch $8, whereas, the least positive believes that the stock will trade at $1 in the short term. The company is covered by 7 Wall Street Brokerage Firms. The average price target for shares are $4.43 with an expected fluctuation of $2.49 from the mean.
Cliffs Natural Resources (NYSE:CLF): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $5.46 and $5.41 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.87. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.81, notching a gain of 3.94% for the day. The total traded volume was 7,026,898 . The stock had closed at $5.59 on the previous day.
Also, Macquarie upgrades its rating on Cliffs Natural Resources (NYSE:CLF). Analysts at the Macquarie have a current rating of Outperform on the shares. The shares were previously rated Neutral. The rating by the firm was issued on June 10, 2016. The company shares have rallied 78.03% from its 1 Year high price. On Jul 1, 2016, the shares registered one year high at $5.84 and the one year low was seen on Jan 12, 2016. The 50-Day Moving Average price is $4.49 and the 200 Day Moving Average price is recorded at $3.08.
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.