Wells Fargo reported on Wednesday that it has started coverage on Cliffs Natural Resources Inc (CLF).
The firm has initiated coverage on CLF with a “Market Perform” rating and a valuation range of $20-$24. Analysts believe that CLF’s stock price reflects the company’s challenges.
Cliffs Natural Resources shares were mostly flat during Wednesday morning trading. The stock is down 41% YTD.The Bottom Line
Shares of Cliffs Natural Resources Inc (CLF) have a 2.67% yield based on Wednesday morning’s price of $22.43.
Cliffs Natural Resources Inc (CLF) is not recommended at this time, holding a Dividend.com DARS™ Rating of 2.9 out of 5 stars.