Cliffs Natural Resources Inc (NYSE:CLF) target price lowered to $5.50, released a report earlier today by Credit Suisse Group AG
- Updated: October 7, 2016
Stating a potential downside of -0.01%, Credit Suisse Group AG dropped the price target of Cliffs Natural Resources Inc (NYSE:CLF) to $5.50
On 10/03/2016, Zacks Investment Research released a statement for Cliffs Natural Resources Inc (NYSE:CLF) bumped up the target price from $0.00 to $6.50 that suggested an upside of 0.12%.
Boasting a price of $5.58, Cliffs Natural Resources Inc (NYSE:CLF) traded 0.36% higher on the day. With the last stock price close up 7.51% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Cliffs Natural Resources Inc has recorded a 50-day average of $5.84 and a two hundred day average of $5.21. Volume of trade was down over the average, with 6,401,088 shares of CLF changing hands under the typical 11,634,600
With a total market value of $0, Cliffs Natural Resources Inc has price-earnings ratio of 27.86 with a one year low of $1.20 and a one year high of $8.45 .
A total of 8 equity analysts have released a research note 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 and Canada. The Company manages approximately five iron ore mines located in Michigan and Minnesota. In Michigan, it is operating over two iron ore mines, Empire mine and Tilden mine. In Minnesota, it is operating approximately one iron ore mine, Hibbing mine. The other two iron ore operations in Minnesota, United Taconite mine and Northshore mine. Its Asia Pacific Iron Ore operations are located in Western Australia and consist of its Koolyanobbing operation. The Company operates an iron ore mining complex in Western Australia.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.