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Cliffs Natural Resources Inc (NYSE:CLF) target price raised to $9.00, reported today by Jefferies & Co

Cliffs Natural Resources Inc (NYSE:CLF) had its target price raised to $9.00 by Jefferies & Co in a report released 7/7/2017. The new target price indicates a possible upside of 0.35% based on the company's last stock close price.

Yesterday Cliffs Natural Resources Inc (NYSE:CLF) traded 0.00% even at $6.66. The company’s 50-day moving average is $7.26 and its 200-day moving average is $7.81. The last stock close price is down -7.94% from the 200-day moving average, compared to the S&P 500 which has increased 0.05% over the same time. 7,532,177 shares of the stock were exchanged, down from an average trading volume of 12,732,500

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Cliffs Natural Resources Inc (NYSE:CLF)

Cliffs Natural Resources Inc has a 52 week low of $4.91 and a 52 week high of $12.37 with a P/E ratio of 32.98 The company’s market cap is currently $0.

In addition to Jefferies & Co reporting its target price, a total of 8 firms have reported on the stock. The consensus target price is $3.81 with 0 firms rating the stock a strong buy, 0 firms rating the stock a buy, 7 firms rating the stock a hold, 4 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

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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