Cliffs Natural Resources (CLF) : During the past 4 weeks, traders have been relatively bearish on Cliffs Natural Resources (CLF), hence the stock is down -7.49% 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 -2.13% relative to the S&P 500. The 4-week change in the price of the stock is -9.36% and the stock has fallen -1.6% in the past 1 week.
The stock has recorded a 20-day Moving Average of 5.27% and the 50-Day Moving Average is 17.51%.The 200 Day SMA reached 40.79% Cliffs Natural Resources Inc. is up 12.42% in the last 3-month period. Year-to-Date the stock performance stands at 249.37%.
Cliffs Natural Resources (CLF) stock is expected to deviate a maximum of $3.11 from the average target price of $7.2 for the short term period. 5 Street Experts have initiated coverage on the stock with the most promising target being $10 and the most muted being $2.
Company shares have received an average consensus rating of Hold for the current week Cliffs Natural Resources (NYSE:CLF): The stock opened at $5.39 and touched an intraday high of $5.61 on Friday. During the day, the stock corrected to an intraday low of $5.35, however, the bulls stepped in and pushed the price higher to close in the green at $5.52 with a gain of 0.91% for the day. The total traded volume for the day was 7,297,274. The stock had closed at $5.52 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.