Cliffs Natural Resources (CLF) : Traders are bullish on Cliffs Natural Resources (CLF) as it has outperformed the S&P 500 by a wide margin of 29.73% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.09%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.53% in the last 1 week, and is up 32.95% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Cliffs Natural Resources (NYSE:CLF): The stock was completely flat for the day, closing at $8.11 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $8.12, the stock touched an intraday high of $8.32 and a low of $8.04. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $8.11. The total trading volume on Friday was 8,548,253.
The stock has recorded a 20-day Moving Average of 8.96% and the 50-Day Moving Average is 37.31%. Cliffs Natural Resources Inc. is up 131.05% in the last 3-month period. Year-to-Date the stock performance stands at 413.29%.
Cliffs Natural Resources (CLF) stock is expected to deviate a maximum of $2.46 from the average target price of $6.58 for the short term period. 6 Street Experts have initiated coverage on the stock with the most promising target being $9 and the most muted being $2.
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.