Cliffs Natural Resources Inc. (NYSE:CLF) added 0.69% and closed its last session at $8.81. The stock has the market capitalization of $2.03 Billion with the total outstanding shares of 230.6 Million. Cliffs Natural Resources Inc.. has Analysts’ Mean Recommendation of 2.43 between the scale of 1 to 5 (1 represents Strong Buy and 5 means Sell). The stock currently has P/E of 26.7 for trailing twelve months while its Forward P/E is 17.21.

Cliffs Natural Resources Inc. (NYSE:CLF) touched its 52-Week High of $10.14 on Nov 28, 2016 while it’s 52-Week Low of $1.2 on Jan 12, 2016. The company currently has Return on Assets of 1.8 percent, Return on Equity of -1.7% and Return on Investment of 0 percent. The stock currently showing Weekly Volatility of 9.07%% and Monthly Volatility of 6.81% Percent with Average True Range of 0.6 and Beta of 1.77.

The 7 analysts offering 12-month price forecasts for Cliffs Natural Resources Inc have a median target of 7.00, with a high estimate of 10.00 and a low estimate of 2.00. The median estimate represents a -20.54% decrease from the last price of 8.81.

Press Release:

The Company on 27 October declared that it has appointed Eric M. Rychel to its Board of Directors, effective immediately. Mr. Rychel is Executive Vice President, Chief Financial Officer and Treasurer of Aleris Corporation, a privately held company that is a global leader in aluminum rolled products. He joined Aleris in 2012 and presently leads the global finance activities for the organization. Mr. Rychel will join the Audit Committee of Cliffs Natural Resources’ Board. With the addition of Eric Rychel, the Cliffs’ Board of Directors is now comprised of ten members, of which nine are independent directors.

Lourenco Goncalves, Chairman of the Board, President and Chief Executive Officer of Cliffs Natural Resources stated, “I am honored that Eric Rychel is now a member of Cliffs’ Board. I have known and respected Eric for many years, from Investment Banker to Corporate Executive to an accomplished CFO. Eric’s knowledge and diverse experience will further strengthen our board’s breadth of talent and expertise.”

As Aleris’ Chief Financial Officer since 2014, Eric Rychel leads all of Aleris’ capital structure and key initiatives in finance. He provides leadership for the global finance, investor relations and IT functions, and also chairs Aleris’ risk and benefits committees. Previously, Mr. Rychel served as vice president and treasurer at Aleris, with responsibility for treasury, strategy, corporate development and investor relations, upon joining the company in 2012. Mr. Rychel was a managing director in the Industrials Group at Barclays Capital, Inc. between 2010 and 2012, where he initiated its Metals industry banking effort as the global head of Steel and Metals corporate finance coverage. Prior to that, Mr. Rychel was a managing director at Deutsche Bank Securities, Inc., from 1998 to 2009, where he ran the Metals industry investment banking effort. Mr. Rychel began his career as an analyst at LSG Advisors, an M&A boutique and predecessor to SG Cowen. Mr. Rychel received his Bachelor of Science in Economics degree from Wharton School of the University of Pennsylvania.

Company Profile:

CLIFFS NATURAL RESOURCES INC, formerly Cleveland-Cliffs Inc, is an international mining company, a producer of iron ore pellets in North America and a supplier of metallurgical coal to the global steelmaking industry. It operates six iron ore mines in Michigan, Minnesota and Eastern Canada, and three coking coal mines in West Virginia and Alabama. Cliffs also owns 80.4% of Portman, an iron ore mining company in Australia, serving the Asian iron ore markets with direct-shipping fines and lump ore. In addition, it has a 30% interest in the Amapa Project, a Brazilian iron ore project, and a 45% economic interest in the Sonoma Project, an Australian coking and thermal coal project.