Cliffs Natural Resources Inc. (NYSE:CLF) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it -4.45% to close at $9.01 with the total traded volume of 13.28 Million shares.
Fundamentalist can give brighter side of a picture but an analyst can glow the darker parts stored in any investment. Let us view how analysts have ranked CLF in recent few months. In ratings table the CLF given BUY ratings by 2 analysts in current phase and 1 analyst suggest it as overweight security. The 1 number of analyst/s have SELL recommendation for current month on CLF. While 5 number of analysts gave ratings for HOLD in current. As per remarks given by WSJ, overall consensus pool recommend it as Hold security.
Cliffs Natural Resources Inc. (NYSE:CLF) persists its position slightly strong in context of buying side, while shares price surged 0.57% during latest trading session.
Cliffs has outperformed the Zacks categorized Mining-Iron industry over the past year. The company’s shares have gained around 563.7% over this period, compared with roughly 315.3% gain recorded by the industry. Moreover, Cliffs entered into multiple contracts with Minnesota Power, a utility division of ALLETE Inc., in May 2016 to purchase power in the long term. The contract will enable Cliffs to enhance its future competitiveness and also improve its cash production costs over the long term. The new contract allows Cliffs to supply up to 10 million long tons of pellets to ArcelorMittal USA. The supplied iron ore will meet the entire requirement at ArcelorMittal’s Indiana Harbor West and Cleveland Works steelmaking facilities, while continuing the current level of pellet supply to ArcelorMittal’s Indiana Harbo
Feb 16, 2021
Market One Media Polished glowing surface of meteorite, composed by high density heavy metals, mostly iron and nickel with traces of cobalt. , Image courtesy of Market One Media
As the electric vehicle (EV) market continues to grow, renewable energy and minerals associated to it such as copper, nickel and cobalt, are increasing in price
The current market for EVs has yet to be sizeable as battery improvements continue to develop, however the sector can accelerate worldwide electrification
British Columbia and Nevada have significant nickel deposits with B.C. being host to multiple operating mines with experienced teams
As recently reported in the Financial Post on January 28, 2021, journalist Peter Tertzakian writes an in-depth article entitled, âAnother commodity super cycle is coming â this time driven by renewable energy and EVs.â
Global Iron Ore Market Size, Share & Trends Analysis Report 2020-2027 – KSU ksusentinel.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ksusentinel.com Daily Mail and Mail on Sunday newspapers.
Fundieâs bets on productivity pay off
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Equities are a front row seat to this centuryâs productivity boom, and itâs businesses like Atlassian, Trade Desk and ServiceNow that investor and former economist James White gravitates to as effortlessly as other managers might be drawn to megacaps Microsoft, Alphabet or SAP.
âBusinesses are being created at the moment that are the most profitable businesses in the history of man,â White says.
âYou think about something like Atlassian, and a lot of people are sceptical and so on, but effectively what theyâre doing is theyâre making it easier for people to do simple tasks.â