Agoracom: Small Cap Investment - KWG Resources Inc. - Off topic Cliffs Natural downgraded to Sell, price target cut to $2 at Axiom

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Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%

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Off topic Cliffs Natural downgraded to Sell, price target cut to $2 at Axiom

posted on Mar 09, 2015 09:43AM

Axiom downgraded Cliffs Natural to Sell from Hold and cut its price target for shares to $2 from $9, as the firm expects a near-term collapse in iron prices to be likely. The firm also cites currency devaluation lowering the cost curve for Cliffs' competitors. Cliffs Natural shares are down 2% in pre-market trading to $6.15.

Broken CLF soon to be penny stock...

GLTA

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Re: Off topic Cliffs Natural downgraded to Sell, price target cut to $2 at Axiom