Cliffs Natural Resources Rating Reiterated by Citigroup Inc. (CLF)
Cliffs Natural Resources (NYSE:CLF)‘s stock had its “hold” rating restated by Citigroup Inc. in a research note issued on Monday, American Banking News.com reports. They currently have a $19.00 target price on the stock. Citigroup Inc.’s target price indicates a potential upside of 8.20% from the company’s current price.
A number of other firms have also recently commented on CLF. Analysts at Nomura reiterated a “buy” rating on shares of Cliffs Natural Resources in a research note on Monday. They now have a $23.00 price target on the stock, down previously from $26.00. Separately, analysts at Cowen and Company reiterated a “market perform” rating on shares of Cliffs Natural Resources in a research note on Wednesday, April 23rd. They now have a $16.00 price target on the stock, down previously from $23.00. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Cliffs Natural Resources in a research note on Wednesday, April 16th. They now have a $26.00 price target on the stock. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $20.82.
Shares of Cliffs Natural Resources (NYSE:CLF) traded up 1.44% during mid-day trading on Monday, hitting $17.56. The stock had a trading volume of 4,007,747 shares. Cliffs Natural Resources has a 52-week low of $15.41 and a 52-week high of $28.98. The stock’s 50-day moving average is $19.2 and its 200-day moving average is $22.33. The company has a market cap of $2.687 billion and a P/E ratio of 14.35.
Cliffs Natural Resources (NYSE:CLF) last released its earnings data on Thursday, April 24th. The company reported ($0.54) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.11) by $0.43. The company had revenue of $940.00 million for the quarter, compared to the consensus estimate of $982.96 million. During the same quarter in the prior year, the company posted $0.60 earnings per share. The company’s quarterly revenue was down 17.6% on a year-over-year basis. On average, analysts predict that Cliffs Natural Resources will post $0.64 earnings per share for the current fiscal year.
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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