NEW YORK (TheStreet) -- Shares of iron ore miner Cliffs Natural Resources (CLF) continued to rise, up 4.98% to $6.95, in morning trading Tuesday after China's iron ore futures posted their strongest gains in three weeks on Monday.
Chinese iron ore rose almost 2% after the People's Bank of China amended some rules to ease credit by expanding the base to calculate loan-to-deposit ratios beginning in 2015, according to a copy of a central bank document seen by Reuters. The move is another attempt to stimulate productive business investment without a widespread cut to reserve requirement ratios.
Such a stimulation of the Chinese economy could cause an increase in demand for iron ore and steel products.
Exclusive Report: Jim Cramer's Best Stocks for 2015
The news helped send Cliffs Natural Resources stock higher on Monday, and the climb continued Tuesday.
Separately, TheStreet Ratings team rates CLIFFS NATURAL RESOURCES INC as a "sell" with a ratings score of D-. TheStreet Ratings Team has this to say about their recommendation:
"We rate CLIFFS NATURAL RESOURCES INC (CLF) a SELL. This is driven by multiple weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself."