Cliffs Natural Resources (NYSE:CLF) Stock Plunges as Goldman Sachs (GS) Analysts Shatter Price Target – CLF, MT, VALE, BHP

Cliffs Natural Resources Inc’s (NYSE:CLF) stock plunged 6% to $32.51 per share on Tuesday as one of the worst-performing component of the S&P 500.

Analysts of the Goldman Sachs Group, Inc (NYSE:GS) lower the mining company to sell from neutral and reported the security’s current return potential is negative 29% in the next 6 months, with a price target of $25 per share.

Cliffs Natural Resources actions to delay its Bloom Lake mine growth and curtail some United States operations.

Goldman Sachs analysts reported that they project a price rebound in 2013, but prices may plunge thereafter, placing the corporation’s growth plans and dividends at risk.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. ArcelorMittal (ADR) (NYSE:MT) fell -1.55% to settle at $14.61, Vale SA (ADR) (NYSE:VALE) moved down -0.46% to end at $17.34 while BHP Billiton Limited (ADR) (NYSE:BHP) plunged -0.40% to finish at $70.03 on Tuesday.

Cliffs Natural Resources Inc (NYSE:CLF) on Nov 20, 2012 decreased -12.07% to the closing price of $30.48. The overall volume in the last trading session was 21.85 million shares. Its fifty two weeks range was $30.12 – $78.85. The total market capitalization remained at $4.34 billion.

CLF is behind of its 52-week low with -5.49% and lagging behind from its 52-week high price with -60.28%. CLF’s last month’s stock price volatility remained 5.05%. In its share capital CLF has 142.50 million outstanding shares, among them 141.18 million shares have been floated in market exchange. CLF’s stock’s institutional ownership remained 81.45% while insider ownership included 0.58%.

The stock price of CLF is moving down from its 20 days moving average with -19.50% and remote negatively from 50 days moving average with -23.40%. CLF’s current year’s earnings per share experienced an addition with 54.55% while its current quarter performance remained at -26.80%. Company’s beta coefficient included 2.37. Beta factors measure the amount of market risk associated with market trade.

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