Credit Suisse Sticks to Their Sell Rating for Cliffs Natural

By Austin Angelo

Credit Suisse analyst Curt Woodworth maintained a Sell rating on Cliffs Natural (NYSE: CLF) on July 28 and set a price target of $5. The company’s shares closed on Friday at $7.10.

According to TipRanks.com, Woodworth is a 4-star analyst with an average return of 11.8% and a 57.8% success rate. Woodworth covers the Basic Materials sector, focusing on stocks such as Teck Resources Limited, Kaiser Aluminum Corp, and Warrior Met Coal Llc.

Cliffs Natural has an analyst consensus of Moderate Buy, with a price target consensus of $7.90.

The company has a one year high of $12.37 and a one year low of $4.91. Currently, Cliffs Natural has an average volume of 13.59M.

Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CLF in relation to earlier this year. Most recently, in May 2017, John T. Baldwin, a Director at CLF bought 6,000 shares for a total of $37,860.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Cliffs Natural Resources, Inc. operates as an international mining and natural resources company, which engages in the exploration of iron ore and metallurgical coal. It serves the North American steel industry from its mines and pellet plants located in Michigan and Minnesota.