Cliffs Natural Stock Hits New 52-Week Low (CLF)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

NEW YORK ( TheStreet) -- Cliffs Natural Resources (NYSE: CLF) hit a new 52-week low Thursday as it is currently trading at $35.86, below its previous 52-week low of $35.89 with 1.4 million shares traded as of 10:15 a.m. ET. Average volume has been 4.2 million shares over the past 30 days.

Cliffs Natural has a market cap of $5.32 billion and is part of the basic materials sector and metals & mining industry. Shares are down 40.1% year to date as of the close of trading on Wednesday.

Cliffs Natural Resources Inc., a mining and natural resources company, engages in the production of iron ore pellets, fines and lump ore, and metallurgical coal. The company has a P/E ratio of 3.7, equal to the average metals & mining industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Cliffs Natural as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, a generally disappointing performance in the stock itself and deteriorating net income. You can view the full Cliffs Natural Ratings Report.

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