Last $8.54 USD
Change Today -0.40 / -4.47%
Volume 9.5M
CLF On Other Exchanges
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As of 8:04 PM 10/21/14 All times are local (Market data is delayed by at least 15 minutes).

cliffs natural resources inc (CLF) Snapshot

Open
$8.97
Previous Close
$8.94
Day High
$9.05
Day Low
$8.16
52 Week High
11/4/13 - $28.98
52 Week Low
10/9/14 - $7.00
Market Cap
1.3B
Average Volume 10 Days
16.2M
EPS TTM
$0.89
Shares Outstanding
153.2M
EX-Date
08/13/14
P/E TM
9.6x
Dividend
$0.60
Dividend Yield
7.03%
Current Stock Chart for CLIFFS NATURAL RESOURCES INC (CLF)

cliffs natural resources inc (CLF) Related Businessweek News

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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
Compensation as of Fiscal Year 2013.

cliffs natural resources inc (CLF) Key Developments

Cliffs Natural Resources Plans to Reduce 1,850 Workers in Minnesota Operations

Cliffs Natural Resources Inc. declared that would pen down the amount of its coal and iron ore mining assets by $6 billion, yet contriving to reduce the 1,850 people who work at its Minnesota operations. For amending the contract, Cliffs stated that it is serving with its banking group. Cliffs has mines in Babbitt, Eveleth, Forbes, Hibbing and Silver Bay but said last month it would close its Duluth office.

Cliffs Natural Resources Inc. Announces Executive Changes

Cliffs Natural Resources Inc. announced that it has appointed Susan M. Green to its Board of Directors, effective Oct. 15, 2014. Ms. Green is the former Deputy General Counsel, U.S. Congressional Office of Compliance. She previously served on Cliffs' Board from July 2007 through July 2014. Cliffs also announced that Janice K. Henry resigned from the Company's Board of Directors, effective Oct. 15, 2014.

CLF Seeks To Sell Bloom Lake Mine

Cliffs Natural Resources Inc. (NYSE:CLF) is in talks with steel makers about selling a stake in its Bloom Lake mine in Canada. Investors in the project would get a share of its ore output, chairman and chief executive officer Lourenco Goncalves said. “If we go with Bloom Lake phase 2, it will be with four big equity participants. I’m talking about steel mills that will take big chunks of our production.” Casablanca has advocated selling Bloom Lake. Cliffs Natural Resources’s shares rose 9.9% to $9.07 (U.S.) in New York.

 

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CLF Competitors

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Industry Analysis

CLF

Industry Average

Valuation CLF Industry Range
Price/Earnings 31.2x
Price/Sales 0.3x
Price/Book 0.3x
Price/Cash Flow 13.5x
TEV/Sales NM Not Meaningful
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