Cliffs Natural falls to fresh 52-week low, levels to watch The shares are down over 8% at time of writing, falling to a fresh 52-week low at $31.18 before bouncing back. That level is currently support. Resistance is at $32.25. The shares were downgraded earlier today at Goldman to Sell from Neutral. The firm slashed its price target to $25, down from $33. Goldman cited delays in the Bloom Lake expansion and a reduction in U.S. capacity as the company idles portions of production at two U.S. iron ore operations. Weaker ore demand was also a factor in the downgrade.