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Cliffs Natural Resources (NYSE:CLF) was upgraded by research analysts at Bernstein from an “underperform” rating to a “market perform” rating in a report released on Thursday. The firm currently has a $16.00 target price on the stock, up from their previous target price of $13.00. Bernstein’s target price suggests a potential downside of 7.78% from the company’s current price.

A number of other analysts have also recently weighed in on CLF. Analysts at Sanford C. Bernstein upgraded shares of Cliffs Natural Resources from an “underperform” rating to a “market perform” rating in a research note on Thursday. They now have a $16.00 price target on the stock, up previously from $13.00. Separately, analysts at Clarkson Capital downgraded shares of Cliffs Natural Resources from a “market perform” rating to an “underperform” rating in a research note on Wednesday. They now have a $13.00 price target on the stock. Finally, analysts at Cowen and Company cut their price target on shares of Cliffs Natural Resources from $16.00 to $15.00 in a research note on Monday, July 28th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $16.88.

Cliffs Natural Resources (NYSE:CLF) traded down 0.57% during mid-day trading on Thursday, hitting $17.35. The stock had a trading volume of 5,901,864 shares. Cliffs Natural Resources has a 1-year low of $13.60 and a 1-year high of $28.98. The stock has a 50-day moving average of $15.36 and a 200-day moving average of $17.98. The company has a market cap of $2.658 billion and a P/E ratio of 53.86.

Cliffs Natural Resources (NYSE:CLF) last released its earnings data on Wednesday, July 23rd. The company reported ($0.01) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.09) by $0.08. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the company posted $0.82 earnings per share. Cliffs Natural Resources’s revenue was down 26.0% compared to the same quarter last year. Analysts expect that Cliffs Natural Resources will post $-0.31 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 2nd. Investors of record on Friday, August 15th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.46%. The ex-dividend date is Wednesday, August 13th.

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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