Cliffs Natural Resources Inc (NYSE:CLF) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: April 21, 2017
Having a price of $7.14, Cliffs Natural Resources Inc (NYSE:CLF) traded -2.71% lower on the day. With the last close down -16.76% from the two hundred day average, compared with the S&P 500 Index which has increased 0.03% over the same period. Cliffs Natural Resources Inc has recorded a 50-day average of $8.46 and a two hundred day average of $8.43. Volume of trade was down over the average, with 10,255,915 shares of CLF changing hands under the typical 20,581,900
Zacks Investment Research has downgraded Cliffs Natural Resources Inc (NYSE:CLF) to Hold in a statement released on 04/21/2017.
On 4/20/2017, Zacks Investment Research released a statement on Cliffs Natural Resources Inc (NYSE:CLF) upped the target price from $0.00 to $7.75 that suggested an upside of 0.13%.
With a total market value of $0, Cliffs Natural Resources Inc has price-earnings ratio of 8.05 with a one year low of $2.77 and a one year high of $12.37 .
A total of 8 analysts have released a research note on Cliffs Natural Resources Inc. zero analysts rating the company a strong buy, zero analysts rating the company a buy, seven analysts rating the company a hold, four analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $3.81.
More 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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