Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $86.75 MXN
Change Today 0.00 / 0.00%
Volume 0.0
CLF* On Other Exchanges
Symbol
Exchange
New York
Mexico
As of 4:12 PM 04/29/15 All times are local (Market data is delayed by at least 15 minutes).

cliffs natural resources inc (CLF*) Snapshot

Open
$86.75
Previous Close
$86.75
Day High
$86.75
Day Low
$86.75
52 Week High
08/12/14 - $239.50
52 Week Low
03/26/15 - $70.80
Market Cap
13.3B
Average Volume 10 Days
2.0K
EPS TTM
--
Shares Outstanding
153.3M
EX-Date
01/26/15
P/E TM
--
Dividend
--
Dividend Yield
6.85%
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 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 First Quarter Ended March 31, 2015: Provides Production Guidance for the Year of 2015

Cliffs Natural Resources Inc. reported unaudited consolidated earnings and production results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenue of $446.0 million compared to $615.5 million a year ago. Operating income was $71.9 million compared to $139.2 million a year ago. Income from continuing operations before income taxes and equity loss from ventures was $341.9 million compared to $99.6 million a year ago. Income from continuing operations was $166.8 million or $0.94 per diluted share against $69.7 million or $0.37 per diluted share a year ago. Net loss attributable to the company’s shareholders was $759.8 million compared to $70.3 million a year ago. Net loss attributable to the company’s common shareholders was $772.6 million or $4.26 per diluted share, compared to $83.1 million or $0.54 per diluted share, a year ago. Net cash used by operating activities was $228.2 million compared to $82.0 million a year ago. Purchase of property, plant and equipment was $15.9 million compared to $103.3 million a year ago. LBITDA was $509.5 million against EBITDA of $91.3 million a year ago. Adjusted EBITDA was $94.4 million against $208.6 million a year ago. Net income from continuing operations attributable to cliffs common shareholders - adjusted was $2.3 million against $72.6 million a year ago. Adjusted loss per common share attributable to common shareholders was $5.18 against $0.52 a year ago. Net debt was $2,525.2 million as on March 31, 2015 against $2,927.7 million as on March 31, 2014. These results include the gain related to extinguishment of debt, as well as income tax valuation allowances and other items. Excluding these items, the company reported first-quarter adjusted net income from continuing operations of $2 million, or $0.02 per diluted share. U.S. Iron Ore pellet sales volume in the first quarter of 2015 was 2.9 million tons, a 4% increase when compared with 2.8 million tons sold in the first quarter of 2014. The increase was primarily driven by more favorable shipping conditions in the Great Lakes compared to the first quarter of 2014. First-quarter 2015 Asia Pacific Iron Ore sales volume increased 15% to 3.0 million tons, from 2.6 million tons in 2014's first quarter. The increase was driven by a favorable first-quarter shipping schedule. North American Coal sales volume in the first quarter of 2015 was 1.3 million tons, a 15% decrease when compared with 1.6 million tons sold in the first quarter of 2014. The decrease was primarily driven by the divestiture of Cliffs Logan County Coal, partially offset by increased sales from Pinnacle due to new customer contracts. For 2015, the company is lowering its full-year sales and production volume expectation to 20.5 million tons of iron ore pellets, reflecting currently low capacity utilization rates among U.S. steel producers, mainly attributed to heavy imported steel penetration. Depreciation, depletion and amortization for full-year 2015 is expected to be approximately $5 per ton. The company is maintaining its full-year 2015 Asia Pacific Iron Ore expected sales and production volumes of  approximately 11 million tons. Based on a full-year average exchange rate of $0.77 U.S. Dollar to Australian Dollar, the company's full-year 2015 Asia Pacific Iron Ore cash production cost per ton expectation has been lowered to $30 to $35. The company anticipates depreciation, depletion and amortization to be approximately $3 per ton for full-year 2015. Consolidated full-year 2015 depreciation, depletion and amortization is expected to be approximately $140 million. The company is lowering its full-year 2015 capital expenditures budget to a range of $100 million to $125 million, from its previous expectation of $125 million to $150 million. This reduction reflects a continued focus on reducing expenditures. The spending range includes outflows related to North American Coal and assumes no additional asset divestitures.

Cliffs Natural Resources Plans To Sell North American Coal Business

Cliffs Natural Resources Inc. (NYSE:CLF) said on April 28, 2015 that it was considering a sale of its North American coal business.

Cliffs Natural Resources Inc.(NYSE:CLF) dropped from S&P 1000 Index

Cliffs Natural Resources Inc.(NYSE:CLF) dropped from S&P 1000 Index

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
CLF*:MM $86.75 MXN 0.00

CLF* Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Alpha Natural Resources Inc $0.80 USD -0.0116
Arch Coal Inc $0.94 USD -0.0379
Ferrexpo PLC 77.50 GBp -0.50
Patriot Coal Corp $16.00 USD 0.00
Peabody Energy Corp $4.51 USD -0.22
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.