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Last $70.80 MXN
Change Today 0.00 / 0.00%
Volume 0.0
CLF* On Other Exchanges
Symbol
Exchange
New York
Mexico
Frankfurt
EN Paris
As of 4:10 PM 03/26/15 All times are local (Market data is delayed by at least 15 minutes).

cliffs natural resources inc (CLF*) Snapshot

Open
$71.10
Previous Close
$70.80
Day High
$71.20
Day Low
$70.80
52 Week High
04/1/14 - $259.10
52 Week Low
03/26/15 - $70.80
Market Cap
10.9B
Average Volume 10 Days
29.4K
EPS TTM
--
Shares Outstanding
153.3M
EX-Date
01/26/15
P/E TM
--
Dividend
--
Dividend Yield
8.39%
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

Chief Financial Officer and Executive Vice Pr...
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 Proposes Offering of $500,000,000 Senior Secured Notes Due 2020

Cliffs Natural Resources reported that it intends to offer to sell, subject to market and other conditions, $500 million aggregate principal amount of Senior Secured Notes due 2020 in an offering that is exempt from the registration requirements of the Securities Act of 1933. According to a release from the Company, the New First Lien Notes will be jointly and severally and fully and unconditionally guaranteed on a senior secured basis by substantially all of Cliffs' material domestic subsidiaries and will be secured (subject in each case to certain exceptions and permitted liens) by (i) a first-priority lien on substantially all of Cliffs' assets and the assets of the guarantors (other than accounts receivable and other rights to payment, inventory, as-extracted collateral, investment property, certain general intangibles and commercial tort claims, certain mobile equipment, commodities accounts, deposit accounts, securities accounts and other related assets and proceeds and products of each of the foregoing (collectively, the ABL Collateral")), and (ii) a second-priority lien (junior to the ABL Facility on the ABL Collateral.

Cliffs Natural Resources Inc. Declares Quarterly Cash Dividend on Preferred Shares, Payable on May 1, 2015

Cliffs Natural Resources Inc. announced that its 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 $0.4375 per depositary share, each representing 1/40th of a share of series A preferred stock. The cash dividend will be payable on May 1, 2015 to shareholders of record as of the close of business on April 15, 2015.

Cliffs Natural Resources Inc. Announces Extension of Exchange Offers for Senior Notes

Cliffs Natural Resources Inc. announced that it has extended its previously announced private offers to exchange its newly issued 7.75% Senior Secured Notes due 2020 for certain outstanding senior unsecured notes of Cliffs, upon the terms and subject to the conditions set forth in the company's offering memorandum dated February 26, 2015 (as amended and supplemented on March 5, 2015), in order to coincide with the closing of its new asset-based credit facility and its issuance of first lien notes. Accordingly, the exchange offers will expire at 9:00 a.m., New York City time, on March 30, 2015. All other applicable terms and conditions of the Exchange Offers remain unchanged. As of March 25, 2015, a total of approximately $674 million aggregate principal amount of Existing Notes had been tendered in the Exchange Offers. The company expects the settlement of the Exchange Offers to occur on March 30, 2015.

 

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CLF* Competitors

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Company Last Change
Alpha Natural Resources Inc $1.03 USD +0.0351
Arch Coal Inc $0.96 USD -0.0399
Ferrexpo PLC 61.25 GBp -1.75
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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
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