Last $6.42 USD
Change Today +0.31 / 5.07%
Volume 8.6M
CLF On Other Exchanges
Symbol
Exchange
New York
Mexico
Frankfurt
EN Paris
As of 8:04 PM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

cliffs natural resources inc (CLF) Snapshot

Open
$6.07
Previous Close
$6.11
Day High
$6.46
Day Low
$6.04
52 Week High
02/14/14 - $23.53
52 Week Low
12/17/14 - $5.63
Market Cap
983.5M
Average Volume 10 Days
9.9M
EPS TTM
$-4.44
Shares Outstanding
153.2M
EX-Date
01/26/15
P/E TM
--
Dividend
--
Dividend Yield
7.02%
Current Stock Chart for CLIFFS NATURAL RESOURCES INC (CLF)

cliffs natural resources inc (CLF) Related Businessweek News

No Related Businessweek News Found

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, Executive Vice Presi...
Total Annual Compensation: $415.0K
Executive Vice President of Business Developm...
Total Annual Compensation: $484.1K
Compensation as of Fiscal Year 2013.

cliffs natural resources inc (CLF) Key Developments

Cliffs Natural Resources Inc. Announces Amendment to its Restated Multicurrency Credit Agreement

On January 22, 2015, Cliffs Natural Resources Inc. entered into Amendment No. 6 to the Amended and Restated Multicurrency Credit Agreement, dated as of August 11, 2011, among the Company, the subsidiaries of the Company from time to time party thereto, the lenders from time to time party thereto and Bank of America, N.A., as Administrative Agent. The Amendment, among other matters: (i) reduces the size of the existing facility on a pro-rata basis from $1.125 billion to $900 million and provides that on May 31, 2015 the existing facility will further reduce on a pro-rata basis to $750 million; (ii) permits certain subsidiaries and joint ventures of the Company related to the Company's Canadian operations to enter into a restructuring; (iii) permits costs and expenses incurred in connection with the Canadian Restructuring in an amount not to exceed $75 million to be added back to the calculation of EBITDA; (iv) adds limitations with respect to investments in the Canadian Entities after the Canadian Restructuring; (v) adds limitations on the guaranty of indebtedness of a Canadian Entity by the Company or its subsidiaries; (vi) permits additional liens on the assets of the Canadian Entities; (vii) reduces the permitted amount of quarterly dividends on common shares of the Company to not more than $0.01 per share in any fiscal quarter; (viii) grants a security interest in as-extracted collateral of the Company and certain of its subsidiaries; and (ix) excludes certain indebtedness and obligations of the Canadian Entities from the representations, covenants and events of default.

Update On Bloom Lake Iron Ore Mine Sale

Cliffs Natural Resources Inc. (NYSE:CLF) sought creditor protection in Canada for its Bloom Lake iron ore mine, potentially cutting the cost of closing it down. Cliffs has been looking at options to sell Bloom Lake for several months.

Cliffs Natural Resources Inc. Decides to Eliminate the Quarterly Dividend

Cliffs Natural Resources Inc. announced that the board of directors has decided to eliminate the quarterly dividend of $0.15 per share on the company's common shares. The decision is applicable to the first quarter of 2015 and all subsequent quarters.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
CLF:US $6.42 USD +0.31

CLF Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Alpha Natural Resources Inc $1.04 USD +0.07
Arch Coal Inc $0.93 USD +0.0274
Ferrexpo PLC 50.00 GBp -1.25
Peabody Energy Corp $6.23 USD +0.11
Walter Energy Inc $0.93 USD +0.0623
View Industry Companies
 

Industry Analysis

CLF

Industry Average

Valuation CLF Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.2x
Price/Book NM Not Meaningful
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

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.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.