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

NEW YORK ( TheStreet) -- Cliffs Natural Resources (NYSE: CLF) hit a new 52-week low Friday as it is currently trading at $15.49, below its previous 52-week low of $15.50 with 3.5 million shares traded as of 11:15 a.m. ET. Average volume has been 11.8 million shares over the past 30 days.

Cliffs Natural has a market cap of $2.54 billion and is part of the basic materials sector and metals & mining industry. Shares are down 57% 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.

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TheStreet Ratings rates Cliffs Natural as a hold. Among the primary strengths of the company is its generally strong cash flow from operations. At the same time, however, we also find weaknesses including disappointing return on equity, poor profit margins and a generally disappointing performance in the stock itself. You can view the full Cliffs Natural Ratings Report.

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