Last $14.00 USD
Change Today -0.87 / -5.85%
Volume 9.1M
CLF On Other Exchanges
Symbol
Exchange
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As of 4:15 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

cliffs natural resources inc (CLF) Snapshot

Open
$14.76
Previous Close
$14.87
Day High
$14.83
Day Low
$13.95
52 Week High
11/4/13 - $28.98
52 Week Low
06/13/14 - $13.60
Market Cap
2.1B
Average Volume 10 Days
6.6M
EPS TTM
$0.89
Shares Outstanding
153.2M
EX-Date
08/13/14
P/E TM
15.7x
Dividend
$0.60
Dividend Yield
4.29%
Current Stock Chart for CLIFFS NATURAL RESOURCES INC (CLF)

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cliffs natural resources inc (CLF) Details

Cliffs Natural Resources Inc., a mining and natural resources company, produces iron ore and metallurgical coal. It operates five iron ore mines located in Michigan and Minnesota; four metallurgical coal mines located in West Virginia and Alabama; and one thermal coal mine located in West Virginia. The company also operates two iron ore mines in eastern Canada that primarily produce iron ore concentrate and iron ore pellets; Koolyanobbing complex situated in northeast of the town of Southern Cross, which produces lump and fines iron ore; and three North American coal mining complexes. In addition, it owns and operates various exploration projects, such as the Chromite Project located in James Bay lowlands of northern Ontario; the Decar Property situated in British Columbia; and the Labrador Trough South property located in Fermont, Québec. The company sells its iron products to integrated steel companies and Asian steel producers; and metallurgical coal to integrated steel and coke producers in Europe, North America, China, India, and South America, as well as thermal coal to energy companies and distributors in North America and Europe. The company, formerly known as Cleveland-Cliffs Inc., was founded in 1847 and is headquartered in Cleveland, Ohio.

7,138 Employees
Last Reported Date: 02/14/14
Founded in 1847

cliffs natural resources inc (CLF) Top Compensated Officers

Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $415.0K
President of Global Commercial and Executive ...
Total Annual Compensation: $484.1K
Vice President of Asia Pacific Iron Ore
Total Annual Compensation: $449.9K
Vice President Global Marketing
Total Annual Compensation: $430.3K
Compensation as of Fiscal Year 2013.

cliffs natural resources inc (CLF) Key Developments

Cliffs In Talks With KWG For Sale Of To Exit Ontario's Ring of Fire

This week, Cliffs Natural Resources Inc. indicated that it could divest its huge chromites deposit in the Ring of Fire valued as much as $50-billion during the commodity boom and is in talks with KWG Resources Inc. (TSXV:KWG). "We should expect there will be a change, with a sale of the project one of the potential outcomes," Bill Boor, Cliffs' Executive Vice-President of corporate development said. "We have discussed the transaction. We are busy lining up the money and we are almost there," KWG's Chief Executive Officer Frank Smeenk. He added: "Lourenco and I have talked a couple times. He has confirmed that he would like to sell and we would like to buy."

Cliffs Natural Resources Inc. Announces Board Changes

Cliffs Natural Resources Inc. announced that it has appointed Michael D. Siegal to its Board of Directors, effective immediately. Mr. Siegal is Chairman & CEO of Olympic Steel. Mr. Siegal joined Olympic Steel in 1974 and has directed the company since being named President in 1984. Currently he serves on the board for the Development Corporation for Israel and the Rock & Roll Hall of Fame in Cleveland. The company also announced that Mark E. Gaumond resigned from the Company's Board of Directors, effective September 12, 2014. Mr. Gaumond had served as a director since July 2013.

Cliffs Natural Resources Inc. Announces Board Changes

Cliffs Natural Resources Inc. announced that Richard Riederer stepped down from the miner's board, effective September 4, after serving as a director for more than 12 years. In a letter addressed to Chairman and CEO Lourenco Goncalves, Richard Riederer announced that he has a fundamental disagreement with Goncalves' approach to corporate governance and the lack of director inclusion in decision-making. The company also noted that Douglas Taylor will serve as the board's lead director.

 

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Industry Analysis

CLF

Industry Average

Valuation CLF Industry Range
Price/Earnings 52.7x
Price/Sales 0.5x
Price/Book 0.4x
Price/Cash Flow 22.9x
TEV/Sales NM Not Meaningful
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