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A statement released earlier today by Jefferies Group LLC about Cliffs Natural Resources Inc (NYSE:CLF) bumps the target price to $9.00

Jefferies Group LLC bumped up the target of Cliffs Natural Resources Inc (NYSE:CLF) to $9.00 stating a potential upside of 0.36%.

Boasting a price of $6.64, Cliffs Natural Resources Inc (NYSE:CLF) traded 0.00% even on the day. With the last stock price close down -7.94% from the two hundred day average, compared with the S&P 500 Index which has increased 0.05% over the date range. Cliffs Natural Resources Inc has recorded a 50-day average of $7.26 and a two hundred day average of $7.81. Volume of trade was down over the average, with 7,532,177 shares of CLF changing hands under the typical 12,732,500

Performance Chart

Cliffs Natural Resources Inc (NYSE:CLF)

With a total market value of $0, Cliffs Natural Resources Inc has price-earnings ratio of 32.98 with a one year low of $4.91 and a one year high of $12.37 .

A total of 8 equity analysts have released a ratings update on CLF. zero equity analysts rating the company a strong buy, zero equity analysts rating the company a buy, seven equity analysts rating the company a hold, four equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $3.81.

Brief Synopsis About Cliffs Natural Resources Inc (NYSE:CLF)

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's segments include U.S. Iron Ore and Asia Pacific Iron Ore. The Company is a producer of iron ore pellets, primarily selling production from U.S. Iron Ore to integrated steel companies in the United States, Canada and Mexico. Its Asia Pacific Iron Ore operations are located in Western Australia and consist of its Koolyanobbing operation. The Koolyanobbing operations serve the Asian iron ore markets with direct-shipped fines and lump ore. In addition, the Company operates an iron ore mining complex in Western Australia. In the United States, the Company owned four operational iron ore mines and one indefinitely idled mine, as of December 31, 2016. As of December 31, 2016, it operated four iron ore mines located in Michigan and Minnesota.

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