Research analysts at Wellington Shields started coverage on shares of Cliffs Natural Resources (NYSE:CLF) in a report released on Wednesday, StockRatingsNetwork reports. The firm set a “buy” rating on the stock.
A number of other analysts have also recently weighed in on CLF. Analysts at BB&T Corp. downgraded shares of Cliffs Natural Resources (NYSE:CLF) from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, August 20th. They noted that the move was a valuation call. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Cliffs Natural Resources (NYSE:CLF) in a research note to investors on Monday, July 29th. They now have a $20.00 price target on the stock, up previously from $18.00. Finally, analysts at FBR Capital Markets reiterated an “outperform” rating on shares of Cliffs Natural Resources (NYSE:CLF) in a research note to investors on Monday, July 29th. They now have a $29.00 price target on the stock.
Six investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $24.39.
Cliffs Natural Resources (NYSE:CLF) opened at 21.32 on Wednesday. Cliffs Natural Resources has a 1-year low of $15.41 and a 1-year high of $46.83. The stock’s 50-day moving average is $20.84 and its 200-day moving average is $20.28. The company’s market cap is $3.265 billion.
Cliffs Natural Resources (NYSE:CLF) last released its earnings data on Thursday, July 25th. The company reported $0.82 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.73 by $0.09. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter last year, the company posted $1.81 earnings per share. Cliffs Natural Resources’s revenue was down 5.8% compared to the same quarter last year. On average, analysts predict that Cliffs Natural Resources will post $2.54 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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