Cliffs Natural Resources Inc. (CLF) Announces Quarterly Dividend of $0.15
Cliffs Natural Resources (NYSE:CLF) declared a quarterly dividend on Tuesday, February 11th, AnalystRatings.NET reports. Investors of record on Friday, February 21st will be given a dividend of 0.15 per share on Monday, March 3rd. This represents a $0.60 dividend on an annualized basis and a yield of 2.79%.
A number of research firms have recently commented on CLF. Analysts at Morgan Stanley reiterated an “underweight” rating on shares of Cliffs Natural Resources in a research note on Thursday, January 23rd. They now have a $14.00 price target on the stock, up previously from $12.00. On the ratings front, analysts at Deutsche Bank upgraded shares of Cliffs Natural Resources from a “hold” rating to a “buy” rating in a research note on Tuesday, January 14th. They now have a $27.00 price target on the stock, up previously from $22.00. Finally, analysts at Brean Capital initiated coverage on shares of Cliffs Natural Resources in a research note on Monday, January 13th. They set a “hold” rating and a $22.00 price target on the stock. Four research analysts have rated the stock with a sell rating, sixteen have given a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $24.28.
Cliffs Natural Resources (NYSE:CLF) traded up 4.47% on Tuesday, hitting $21.50. The stock had a trading volume of 9,027,341 shares. Cliffs Natural Resources has a 1-year low of $15.41 and a 1-year high of $36.90. The stock has a 50-day moving average of $22.37 and a 200-day moving average of $23.14. The company’s market cap is $3.292 billion.
Cliffs Natural Resources Inc is an international mining and natural resources company. The Company is an iron ore producer and a producer of metallurgical coal.
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