Several investment firms have updated their stock ratings and price targets on shares of Cliffs Natural Resources (NYSE: CLF) in the last week:

  • Cliffs Natural Resources was downgraded by analysts at Deutsche Bank from a “buy” rating to a “hold” rating. They now have a $45.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • Cliffs Natural Resources had its “neutral” rating reaffirmed by analysts at – Longbow Research.
  • Cliffs Natural Resources had its price target lowered by analysts at FBR Capital from $54.00 to $48.00. They now have a “market perform” rating on the stock.
  • Cliffs Natural Resources had its “outperform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $60.00 price target on the stock. They wrote, “There likely remains some investor concern on progress at the Eastern Canadian operations and CLF remains a higher risk iron ore play due to its higher position on the cost curve, but BMO Research expects some stability to emerge in early 2013.”
  • Cliffs Natural Resources was downgraded by analysts at Dahlman Rose from a “buy” rating to a “hold” rating.
  • Cliffs Natural Resources had its “sector perform” rating reaffirmed by analysts at CIBC. They now have a $57.00 price target on the stock.

Cliffs Natural Resources Inc traded down 4.48% on Monday, hitting $36.49. Cliffs Natural Resources Inc has a 52-week low of $32.25 and a 52-week high of $78.85. The company has a market cap of $5.196 billion and a price-to-earnings ratio of 6.04.

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.