The 4 Best Iron Ore Stocks for 2017's Second Half
Infrastructure growth usually means an increase in steel used, and an increase in steel means an increase in iron ore. With the excitement over increased infrastructure spending in America with President Trump's proposed budget and prices at $57 per ton (down from $94 in February), iron ore is an attractive buy at this time. Solid mining companies like Rio Tinto PLC (NYSE: RIO), BHP (NYSE: BHP), Vale SA (NYSE: VALE), and Cliffs Natural Resources (NYSE: CLF)are in a good position to capitalize on the low price of ore. What's more, these companies have posted tremendous gains during the past year, while iron ore futures remained volatile, showing the power these companies have in the broader industry.
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Source: Yahoo! Finance. Return data as of 7/20/2017.
Source: Fool.com
Cleveland-Cliffs Inc. Stock
With 9 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 21 € shows a very positive potential of 83.95% compared to the current price of 11.42 € for Cleveland-Cliffs Inc..
