- Cliffs Natural Resources (NYSE:CLF) -5.1% premarket after filing for a $300M common stock offering, saying it plans to use the proceeds for general corporate purposes and to pay down debt.
- CLF has climbed 201% YTD for the strongest rally among all iron ore miners and its borrowing costs have fallen to the lowest in nearly two years.
- CLF's’ bonds have returned 86% YTD, the best performance among more than 300 notes issued by mining and metal companies globally, after losing 36% a year ago, according to Bloomberg.