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Last $2.65 USD
Change Today -0.37 / -12.25%
Volume 6.1M
CLF On Other Exchanges
Symbol
Exchange
New York
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Frankfurt
EN Paris
As of 8:04 PM 07/30/15 All times are local (Market data is delayed by at least 15 minutes).

cliffs natural resources inc (CLF) Snapshot

Open
$3.00
Previous Close
$3.02
Day High
$3.04
Day Low
$2.65
52 Week High
08/11/14 - $18.41
52 Week Low
07/22/15 - $2.28
Market Cap
406.5M
Average Volume 10 Days
9.4M
EPS TTM
$-6.57
Shares Outstanding
153.4M
EX-Date
01/26/15
P/E TM
--
Dividend
--
Dividend Yield
11.32%
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 that produces iron ore pellets in Michigan and Minnesota; Koolyanobbing complex situated in northeast of the town of Southern Cross, which produces lump and fines iron ore; and two metallurgical coal mines located in Alabama and West Virginia. The company also owns interests in the Decar Property situated in British Columbia; and the Labrador Trough South property located in Fermont, Québec. It 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. The company was formerly known as Cleveland-Cliffs Inc. Cliffs Natural Resources Inc. was founded in 1847 and is headquartered in Cleveland, Ohio.

5,386 Employees
Last Reported Date: 02/25/15
Founded in 1847

cliffs natural resources inc (CLF) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $1.7M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $513.8K
Executive Vice President of Global Coal
Total Annual Compensation: $387.5K
Executive Vice President of Business Developm...
Total Annual Compensation: $385.0K
Compensation as of Fiscal Year 2014.

cliffs natural resources inc (CLF) Key Developments

Cliffs Natural Resources Inc. Reports Unaudited Consolidated Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Financial and Production Guidance for 2015

Cliffs Natural Resources Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, revenues from product sales and services were $498.1 million against $747.7 million a year ago. Operating income were $25.7 million against $139.3 million a year ago. Loss from continuing operations before income taxes and equity loss from ventures were $40.0 million against income from continuing operations before income taxes and equity loss from ventures of $98.8 million a year ago. Loss from continuing operations were $38.2 million against income from continuing operations of $90.9 million a year ago. Net income attributable to cliffs common shareholders were $60.2 million against loss attributable to cliffs common shareholders of $1.9 million a year ago. Earnings per common share attributable to cliffs shareholders – diluted was $0.39 against loss per common share attributable to cliffs shareholders – diluted of $0.02 a year ago. Earnings per common share attributable to cliffs shareholders – diluted from continuing operations was $0.28 against loss per common share attributable to cliffs shareholders – diluted from continuing operations of $0.48 a year ago. EBITDA was $157.1 million against $135.5 million a year ago. Adjusted EBITDA was $64.9 million against $223.7 million a year ago. Loss from continuing operations attributable to cliffs common shareholders – adjusted was $32.4 million against net income from continuing operations attributable to cliffs common shareholders – adjusted of $84.5 million a year ago. Loss per common share attributable to cliffs common shareholders from continuing operations – diluted was $0.21 against earnings per common share attributable to cliffs common shareholders from continuing operations – diluted of $0.47 a year ago. Capital expenditures during the quarter were $19 million, a 70% decrease compared to $61 million in second quarter of 2014. At the end of second quarter of 2015, the company had net debt of $2.6 billion, compared to $3.1 billion of net debt at the end of the second quarter of 2014. For six months, revenues from product sales and services were $944.1 million against $1,363.2 million a year ago. Operating income were $97.6 million against $278.5 million a year ago. Income from continuing operations before income taxes and equity loss from ventures were $301.9 million against $198.4 million a year ago. Income from continuing operations were $128.6 million against $160.6 million a year ago. Loss attributable to cliffs common shareholders were $712.4 million against $85.0 million a year ago. Loss per common share attributable to cliffs shareholders – diluted was $3.92 against $0.55 a year ago. Earnings per common share attributable to cliffs shareholders – diluted from continuing operations was $0.70 against $0.86 a year ago. Net cash used by operating activities was $248.2 million against $123.9 million a year ago. Purchase of property, plant and equipment was $34.4 million against $164.3 million a year ago. LBITDA was $352.4 million against EBITDA of $226.8 million a year ago. Adjusted EBITDA was $153.9 million against $455.0 million a year ago. Loss from continuing operations attributable to cliffs common shareholders – adjusted was $30.0 million against net income from continuing operations attributable to cliffs common shareholders – adjusted of $160.1 million a year ago. Loss per common share attributable to cliffs common shareholders from continuing operations – diluted was $0.24 against earnings per common share attributable to cliffs common shareholders from continuing operations – diluted of $0.87 a year ago. For the quarter, the company reported production volume of 5,503,000 tons at U.S. Iron ore compared to 5,503,000 tons a year ago. For six months, the company reported production volume of 10,879,000 tons at U.S. Iron ore compared to 10,442,000 tons a year ago. For the quarter, the company reported production volume of 2,847,000 tons at Asia Pacific Iron ore compared to 2,731,000 tons a year ago. For six months, the company reported production volume of 5,727,000 tons at Asia Pacific Iron ore compared to 5,521,000 tons a year ago. The company is maintaining its full-year 2015 capital expenditures budget in the range of $100 million - $125 million. The spending range includes outflows related to North American coal and assumes no additional asset divestitures. The company expects full-year 2015 interest expense to be approximately $235 million, of which approximately $205 million is cash interest. Consolidated full-year 2015 depreciation, depletion and amortization is expected to be approximately $145 million. For the full year 2015, the company expects production volume of 19 million tons at U.S. Iron ore and 19 million tons at Asia Pacific Iron ore.

Cliffs Natural Resources Inc. to Report Q2, 2015 Results on Jul 29, 2015

Cliffs Natural Resources Inc. announced that they will report Q2, 2015 results at 9:00 AM, Eastern Standard Time on Jul 29, 2015

Cliffs Natural Resources Inc., Q2 2015 Earnings Call, Jul 29, 2015

Cliffs Natural Resources Inc., Q2 2015 Earnings Call, Jul 29, 2015

 

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