Cliffs Natural Resources Stock Rating Reaffirmed by BMO Capital Markets (CLF)

Cliffs Natural Resources (NYSE: CLF)‘s stock had its “market perform” rating restated by equities researchers at BMO Capital Markets in a report issued on Tuesday. They currently have a $27.00 target price on the stock.

Cliffs Natural Resources traded up 0.34% on Tuesday, hitting $23.91. Cliffs Natural Resources has a 1-year low of $23.56 and a 1-year high of $73.63. The stock’s 50-day moving average is currently $31.15. The company’s market cap is $3.407 billion.

Cliffs Natural Resources last announced its earnings results on Tuesday, February 12th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.07. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter last year, the company posted $1.30 earnings per share. Cliffs Natural Resources’s revenue was down 4.2% compared to the same quarter last year. Analysts expect that Cliffs Natural Resources will post $1.82 EPS for the current fiscal year.

CLF has been the subject of a number of other recent research reports. Analysts at Zacks reiterated an “underperform” rating on shares of Cliffs Natural Resources in a research note to investors on Friday. They now have a $23.00 price target on the stock. Separately, analysts at TheStreet reiterated a “hold” rating on shares of Cliffs Natural Resources in a research note to investors on Wednesday, March 6th. Finally, analysts at UBS AG downgraded shares of Cliffs Natural Resources from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday, March 5th. They now have a $27.00 price target on the stock, down previously from $50.00.

Two equities research analysts have rated the stock with a buy rating, eighteen have given a hold rating, and three have assigned a sell rating to the company’s stock. Cliffs Natural Resources currently has an average rating of “hold” and an average target price of $32.59.

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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