Entering text into the input field will update the search result below

Cliffs Natural Resources +9% after routing Q4 estimates

Feb. 09, 2017 10:44 AM ETCleveland-Cliffs Inc. (CLF) StockCLFBy: Carl Surran, SA News Editor10 Comments
  • Cliffs Natural Resources (CLF +9.2%) surges after Q4 earnings and revenues easily beat estimates, driven by a surge in iron ore pellet sales.
  • CLF says Q4 sales volume in its U.S. iron ore pellet business rose 53% Y/Y to nearly 6.9M metric tons, and it expects FY 2017 U.S. iron ore sales volume to gain 4.3% to 19M metric tons from 18.2M in 2016.
  • CLF expects to generate $850M of adjusted EBITDA in 2017, based on January iron ore and steel prices remaining consistent with January levels; adjusted EBITDA was $374M in 2016 and $293M in 2015.
  • CLF's total debt at year-end 2016 was $2.2B, vs. $2.7B at the end of 2015.

Recommended For You

About CLF Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
CLF--
Cleveland-Cliffs Inc.
To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.