Cliffs Natural Resources Inc (CLF) News: Local Youth Center, New Labor Agreement & More

Editor’s Note: Cliffs Natural Resources Inc (NYSE:CLF)

Cliffs Natural Resources supports local youth center (Wyoming County Report)
The Way Youth Center, in Mullens, received another financial boost from Cliffs Natural Resources Inc (NYSE:CLF) Tuesday. The $5,000 was matching funds for money raised by center volunteers during the recent rummage sale, explained Donna Wikel, one of the center board members.

Cliffs Natural Resources Inc (NYSE:CLF)

Cliffs Natural Resources Inc. and United Steelworkers Reach New Labor Agreement for Bloom Lake Mine in Quebec (market Watch)
Cliffs Natural Resources Inc (NYSE:CLF) announced today that the United Steelworkers Union local membership have ratified a three-year labor contract agreement for its Bloom Lake Mine in Fermont, Quebec. The new labor agreement covers approximately 300 represented workers.

NYSE Gainers Watch List: Cliffs Natural Resources Inc. (NYSE:CLF) and Potash Corp. of Saskatchewan, Inc. (NYSE:POT) Added to Equity Profile Report’s NYSE Gainers Watch List. (SBWire)
Equity Profile Report expands its NYSE Gainers Weekly Watch List adding Cliffs Natural Resources Inc. (NYSE:CLF) and Potash Corp. of Saskatchewan, Inc. (NYSE:POT). Cliffs Natural Resources Inc (NYSE:CLF) a mining and natural resources company that engages in the production of iron ore pellets, fines and lump ore, and metallurgical coal is currently up (+0.20%) on 3,025,486 shares traded. Cliffs Natural Resources Inc. is currently up (+41.34%) from its recent 52-week low which has prompted Equity Profile Report to add the stock to their NYSE Gainers Watch List.

Cliffs Natural Resources: In A Deep Hole (Seeking Alpha)
When Goldman Sachs came out with their list of most shorted stocks this year, I was not surprised to see Cliffs Natural Resources Inc (NYSE:CLF) in second place with a 36% short interest. I think that the downside was summed up by Credit Suisse’s report, in which they came out with a $10 price target: Our cost curve analysis suggests that on a 2-3 year view CLF’s Canadian and APAC assets are likely to be displaced off the top end of the cost curve.

Cliffs Natural Resources Inc (CLF), United States Steel Corporation (X): Is Short Interest Warranted? (Insider Monkey)
August was the first time that the broad-based S&P 500 (INDEXSP:.INX) has looked vulnerable in more than a year. Yet, even with a 3%-plus drop for the month, the S&P 500 (INDEXSP:.INX) is up 14.5% year to date — a figure that would trounce the annual average return for stocks. The reason for the rally since the recession is both tangible and apparent. The financial sector has rebounded in a big way thanks to banks’ improved capital position and historically low lending rates, which have allowed businesses to expand and consumers to refinance at favorable rates. With the foundation under the housing sector strengthening and unemployment levels dropping, there are numerous reasons to assume that the rally will continue.

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