Cliffs Natural Resources Inc (NYSE:CLF) stock price target increased to $7.75, issued a research note today by Zacks Investment Research
- Updated: April 20, 2017
In a statement issued on 04/20/2017 Zacks Investment Research bumped up the target of Cliffs Natural Resources Inc (NYSE:CLF) to $7.75 indicating a possible upside of 0.13%.
Previously on 03/28/2017, JP Morgan reported on Cliffs Natural Resources Inc (NYSE:CLF) raised the target price from $0.00 to $13.00. At the time, this indicated a possible upside of 0.57%.
Yesterday Cliffs Natural Resources Inc (NYSE:CLF) traded 3.00% higher at $6.84. The company’s 50-day moving average is $8.56 and its 200-day moving average is $8.44. The last closing price is down -18.69% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. 4,058,220 shares of the stock were exchanged, down from an average trading volume of 20,429,900
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Cliffs Natural Resources Inc has a 52 week low of $2.77 and a 52 week high of $12.37 with a P/E ratio of 7.88 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 8 brokers have issued a report on the stock. The consensus target price is $3.81 with 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 7 brokers rating the stock a hold, 4 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information 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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