Cliffs Natural Resources (NYSE: CLF) has recently received a number of price target changes and ratings updates:

  • 8/3/2017 – Cliffs Natural Resources had its “hold” rating reaffirmed by analysts at Cowen and Company.
  • 8/2/2017 – Cliffs Natural Resources was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 7/31/2017 – Cliffs Natural Resources had its “sell” rating reaffirmed by analysts at Axiom Securities.
  • 7/31/2017 – Cliffs Natural Resources was upgraded by analysts at TheStreet from a “d+” rating to a “c” rating.
  • 7/27/2017 – Cliffs Natural Resources had its “neutral” rating reaffirmed by analysts at Clarkson Capital.
  • 7/27/2017 – Cliffs Natural Resources was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 7/27/2017 – Cliffs Natural Resources was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Earnings estimate for Cliffs for the current quarter has been going down of late. The company has also underperformed the industry it belongs to over the past one year. Moreover, Cliffs is faced with a challenging operating environment and pricing headwinds. The company has also cut its profit outlook for 2017 due to lower expected iron ore pricing. Demand for iron ore in China also remain soft.”
  • 7/25/2017 – Cliffs Natural Resources was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/25/2017 – Cliffs Natural Resources had its “sell” rating reaffirmed by analysts at Axiom Securities.
  • 7/20/2017 – Cliffs Natural Resources was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Cliffs remains focused on de-leveraging its balance sheet and improving its cost structure. It should also gain from recent supply deals and an expected rise in steel demand in the U.S. However, the company remains exposed to a challenging operating environment and pricing headwinds. Iron ore prices are expected to remain under pressure in the second half of 2017 due to rising global supplies. Cliffs has also cut its profit outlook for 2017 due to lower expected iron ore pricing. Moreover, demand for iron ore remains soft in China given a sluggish economy. Cliffs has also underperformed the Zacks categorized Mining-Iron industry over the past six months.”
  • 7/13/2017 – Cliffs Natural Resources had its “sell” rating reaffirmed by analysts at Axiom Securities.
  • 7/7/2017 – Cliffs Natural Resources is now covered by analysts at Jefferies Group LLC. They set a “buy” rating and a $9.00 price target on the stock.
  • 7/6/2017 – Cliffs Natural Resources was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/28/2017 – Cliffs Natural Resources was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “Cliffs has underperformed the Zacks categorized Mining-Iron industry over the past six months. The company remains exposed to a challenging operating environment and pricing headwinds. Iron ore prices are expected to remain under pressure in the second half of 2017 due to rising global supplies. The company has also cut its profit outlook for 2017 due to lower expected iron ore pricing. Moreover, demand for iron ore remains soft in China given a sluggish economy.”
  • 6/28/2017 – Cliffs Natural Resources had its “market perform” rating reaffirmed by analysts at Cowen and Company. They now have a $7.00 price target on the stock.
  • 6/27/2017 – Cliffs Natural Resources was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 6/17/2017 – Cliffs Natural Resources was given a new $10.00 price target on by analysts at FBR & Co. They now have a “buy” rating on the stock.

Shares of Cliffs Natural Resources Inc. (CLF) opened at 7.76 on Tuesday. The company has a 50-day moving average of $6.94 and a 200-day moving average of $7.88. The firm has a market cap of $2.30 billion, a P/E ratio of 35.60 and a beta of 1.69. Cliffs Natural Resources Inc. has a 12 month low of $4.91 and a 12 month high of $12.37.

Cliffs Natural Resources (NYSE:CLF) last posted its earnings results on Thursday, July 27th. The mining company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.08. The firm had revenue of $569.30 million during the quarter, compared to analyst estimates of $485.93 million. Cliffs Natural Resources had a net margin of 2.44% and a negative return on equity of 13.83%. Cliffs Natural Resources’s revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.07 EPS. Equities analysts forecast that Cliffs Natural Resources Inc. will post $0.91 EPS for the current fiscal year.

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.

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