cliffs natural resources inc
(CLF:New York)
cliffs natural resources inc (CLF) Snapshot
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Open
$21.34
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Previous Close
$21.25
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Day High
$21.96
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Day Low
$21.12
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52 Week High
06/20/12 - $53.13
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52 Week Low
04/22/13 - $16.74
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Market Cap
3.3B
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Average Volume 10 Days
10.9M
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EPS TTM
$-0.10
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Shares Outstanding
153.1M
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EX-Date
05/15/13
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P/E TM
--
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Dividend
$0.60
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Dividend Yield
7.31%
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Related News
cliffs natural resources inc (CLF) Related Businessweek News
No Related Businessweek News Foundcliffs natural resources inc (CLF) Details
Cliffs Natural Resources Inc., a mining and natural resources company, engages in the production of iron ore pellets, fines and lump ore, and metallurgical coal. It operates five iron ore mines located in Michigan and Minnesota; five 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 provide iron ore to steel producers in Asia; and two iron ore mining complexes in Western Australia. In addition, it holds a 45% economic interest in a coking and thermal coal mine located in Queensland, Australia; 30% interest in Amapá, an iron ore project in Brazil; and interest in a chromite project in Ontario, Canada. The company, formerly known as Cleveland-Cliffs Inc, was founded in 1847 and is headquartered in Cleveland, Ohio.
cliffs natural resources inc (CLF) Top Compensated Officers
cliffs natural resources inc (CLF) Key Developments
Cliffs Natural Resources Inc. announced that the 2013 Annual Meeting of Shareholders of the Company was held on May 7, 2013. The meeting adopted amendment to the company's Second Amended Articles of Incorporation to adopt majority voting in uncontested director elections, amendment to the company's Second Amended Articles of Incorporation to eliminate cumulative voting in director elections. On May 7, 2013, the Board of Directors approved the Third Amended Articles of Incorporation. On May 13, 2013, the company filed the Third Amended Articles with the Secretary of State of the State of Ohio. The Third Amended Articles consolidate all amendments previously on file with the Ohio Secretary of State inclusive of the Second Amended Articles of Incorporation through the Certificate of Amendment to the Second Amended Articles of Incorporation.
The Board of Directors of Cliffs Natural Resources Inc. declared a quarterly cash dividend on common shares of $0.15 per share. The cash dividend will be payable on June 3, 2013, to shareholders of record as of the close of business on May 17, 2013. The company's Board of Directors declared a quarterly cash dividend on the company's 7.00% Series A Mandatory Convertible Preferred Stock, Class A, of $17.50 per share, which is equivalent to approximately $0.44 per depositary share, each representing 1/40th of a share of Series A preferred stock. The cash dividend will be payable on August 1, 2013 to shareholders of record as of the close of business on July 15, 2013.
Cliffs Natural Resources Inc. announced that Steven Raguz, executive vice president, corporate strategy and communications & chief strategy officer, will leave the company effective May 1, 2013. Mr. Raguz is joining a private company in the Cleveland area as their chief financial officer. The company stated that the strategy function will be realigned and now report into Cliff Smith, executive vice president, global business development and a member of Cliffs' executive leadership team.
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Industry Analysis
CLF
Industry Average
| Valuation | CLF | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.5x |
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| Price/Book | 0.7x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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To contact CLIFFS NATURAL RESOURCES INC, please visit www.cliffsnaturalresources.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
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