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Zacks Investment Research disclosed Cliffs Natural Resources Inc (NYSE:CLF), upping its stock price target to $6.50 today

Yesterday Cliffs Natural Resources Inc (NYSE:CLF) traded 0.00% even at $5.82. The company’s 50-day moving average is $5.95 and its 200-day moving average is $5.11. The last closing price is up 14.57% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 3,828,738 shares of the stock traded hands, down from an average trading volume of 12,048,200

In a report released on 10/3/2016 Zacks Investment Research increased the stock price target of Cliffs Natural Resources Inc (NYSE:CLF) to $6.50 indicating a possible upside of 0.12%.

Previously on 8/29/2016, Macquarie Research reported on Cliffs Natural Resources Inc (NYSE:CLF) reduced the target price from $11.00 to $10.00. At the time, this indicated a possible upside of 0.65%.

See Chart Below

Cliffs Natural Resources Inc (NYSE:CLF)

Cliffs Natural Resources Inc has a 52 week low of $1.20 and a 52 week high of $8.45 with a P/E ratio of 29.10 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 8 brokers have issued a report on the company. The average stock price target 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 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.

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