This number is based on the average of 8 brokers providing recommendations. Siegal bought 9,500 shares of the company’s stock in a transaction dated Tuesday, May 26th. As per the latest research report, the brokerage house raises the price target to $2.5 per share from a prior target of $2. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
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Research firm Zacks has rated Cliffs Natural Resources Inc (NYSE:CLF) and has ranked it at 3, indicating that for the short term the shares are a hold.
Shares of Alpha Natural Resources (NYSE:ANR) were the target of a significant decrease in short interest in the month of June.
“This action is consistent with steps Alpha Natural Resources has taken in the past to build a sustainable portfolio of mining assets across the company’s operational footprint”, Alpha Executive Vice President of Mining Operations Keith Hainer said in the statement.
Coal producer Alpha Natural Resources announced Wednesday that three of its operating affiliates have notified their employees they may sell substantially all of the assets of the mining operations where these employees work. Based on an average daily volume of 5,394,623 shares, the days-to-cover ratio is presently 11.0 days. The firm that sees the most upside has their target set at $4.5.
Shares of Cliffs Natural Resources (NYSE:CLF) opened at 3.14 on Thursday. The 52-week low of the share price is at $3.06. It has market cap of $66.46 million while its total outstanding shares are 222.28 million. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $4.36. (NYSE:CLF) posted earnings per share of $0.02 for the period ended 2015-03-31. The company’s quarterly revenue was down 38.9% on a year-over-year basis. During the same quarter past year, the company posted $0.07 earnings per share.
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Cliffs Natural Resources Inc.is an worldwide mining and natural resources company. (Alpha) is a supplier and exporter of metallurgical coals for use in the steel-making process and a supplier of thermal coal to electric utilities and manufacturing industries, as well as a exporter of thermal coal. The Company’s operations are organized according to product category and geographic location: U.S. Iron Ore, Eastern Canadian Iron Ore, North American Coal, Asia Pacific Iron Ore, Asia Pacific Coal, Latin American Iron Ore, Ferroalloys, and its Global Exploration Group. The Company operates in two segments: Eastern Coal Operations and Western coals Operations.
