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CLF

Cliffs Natural Resources Inc.

5/23/2013, 3:27 AM ET

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Wednesday, May 8, 9:06 AM Cliffs Natural Resources (CLF) declares $0.15/share quarterly dividend, in line with previous. Forward yield 2.81%. For shareholders of record May 17. Payable June 03. Ex-div date May 15. (PR) Comment! [Dividends]
Monday, May 6, 11:30 AM Coal (KOL) is staging a comeback in the Midwest, as new technologies remove barriers to mining in the Illinois Basin, boosting output and bucking the overall trend, WSJ reports. The region had been largely ignored due to its coal deposits being richer in sulfur, but new scrubbing technology, which removes excess sulfur to meet emissions standards, causes companies to take a fresh look. 1 Comment [Energy]
Monday, May 6, 8:34 AM Cliffs Natural Resources (CLF) +3.2% premarket after shares are upgraded to Outperform by FBR Capital, which believes CLF has multiple levers to pull in reducing expenses and operating costs, and to boost liquidity via monetizing assets if needed. U.S. operations are well positioned to withstand potentially higher domestic supply, and recent trends in China are supportive of iron ore imports, FBR adds. Comment! [Energy, Quick Ideas, On the Move]
Monday, April 29, 2:58 PM Cliffs Natural Resources (CLF +4.1%) is moving higher today, but KeyBanc expects the stock to remain static ~$20 given its bearish view about iron ore prices, driven by the expectation of large new projects to hit the global market during 2013-15; the firm believes as long as this view remains dominant, CLF shares "will lack any meaningful upside catalyst" despite strong measures to improve liquidity. 1 Comment [Commodities, Energy, Quick Ideas, On the Move]
Friday, April 26, 3:20 PM Nomura is sticking with its Buy rating on Cliffs Natural Resources (CLF -3.4%) following solid Q1 results but cuts its price target to $26 from $37. The firm believes iron ore fundamentals should be well supported for 2013, but the market will continue to worry about larger surplus markets in 2014-15; it also sees continued execution risk at Bloom Lake. Comment! [Commodities, Energy, On the Move]
Friday, April 26, 11:25 AM Cliffs Natural Resources (CLF -4.1%) succumbs to a bout of profit-taking, giving back a chunk of yesterday's 15% run-up. Probably not helping is news that chief strategy officer Steven Raguz is exiting the company effective May 1. 1 Comment [Commodities, Energy, On the Move]
Thursday, April 25, 11:59 AM Investors are thrilled about Cliffs' (CLF +17.8%) better-than-expected Q1, but Cowen questions whether the miner has turned the corner. CLF is a relatively high-cost producer, Cowen says, so weakness in iron ore prices should continue to have an outsized impact on shares. The firm notes that tax rate variance was meaningful in Q1; utilizing a 30% rate would have brought adjusted EPS to $0.37 vs. reported $0.60. 5 Comments [Commodities, Energy, On the Move]
Thursday, April 25, 9:12 AM Premarket gainers: MPG +23%. INFN +19%. AKAM +17%. FIO +16%. CLF +8%. YNDX +7%. NXST +7%. NOW +7%. CAB +6%. CAKE +6%.
Losers: XIDE -15%. WHX -14%. INTU -13%. ZNGA -9%. MLNX -8%. AVEO -7%. CTXS -7%. 1 Comment [On the Move]
Thursday, April 25, 8:05 AM Cliffs Natural Resources (CLF) +7.8% premarket as heretofore bearish Credit Suisse analyst Nathan Littlewood swings positive on the stock after yesterday's earnings report. The core U.S. iron ore business was strong on all fronts, the Bloom Lake project is "holding [its] ground," and normalized EBITDA of $308M was an "impressive" beat, he says. Watch for an upgrade within 24 hours, Notable Calls predicts. 3 Comments [Energy, Commodities, Earnings, On the Move]
Wednesday, April 24, 4:53 PM More on Cliffs Natural Resources' (CLF) Q1 results: U.S. iron ore pellet sales volume totaled 3.1M tons vs. 3.4M a year ago, mostly due one customer's bankruptcy last May; iron ore sales are historically lower during Q1 vs. other periods due to Great Lakes seasonal shipping constraints. Expects end markets for its products to remain healthy. Shares +6.2% AH. 2 Comments [Energy, Commodities, Earnings, On the Move]
Wednesday, April 24, 4:34 PM Cliffs Natural Resources (CLF): Q1 EPS of $0.60 beats by $0.25. Revenue of $1.14B (-5.9% Y/Y) misses by $50M. Shares +6.8% AH. (PR) Comment! [Earnings, Energy, Commodities, On the Move, Breaking News]
Wednesday, April 24, 12:10 AM Notable earnings after Wednesday’s close: AFL, AIZ, AKAM, ANGI, ARII, ARRS, ASGN, AVG, BAS, BDN, CAKE, CCI, CDNS, CLF, CLGX, CMO, CMRE, COG, CROX, CTXS, DRE, DRWI, EFX, EQIX, FFIV, FIO, FLS, GGG, INFN, ISIL, ITMN, JAH, KEX, LOGI, LPS, LRCX, LSI, MLNX, NEU, NOW, OIS, ORLY, OTEX, PDH, PMTC, QCOM, RJF, RYL, SCI, SKX, SRCL, SUSQ, SYK, TAL, TER, TEX, TQNT, TSCO, TWI, VAR, WCN, WDC, WLL, XLNX, XNPT, ZNGA 1 Comment [Earnings]
Tuesday, April 23, 5:35 PM Notable earnings after Wednesday’s close: AFL, AIZ, AKAM, ANGI, ARII, ARRS, ASGN, AVG, BAS, BDN, CAKE, CCI, CDNS, CLF, CLGX, CMO, CMRE, COG, CROX, CTXS, DRE, DRWI, EFX, EQIX, FFIV, FIO, FLS, GGG, INFN, ISIL, ITMN, JAH, KEX, LOGI, LPS, LRCX, LSI, MLNX, NEU, NOW, OIS, ORLY, OTEX, PDH, PMTC, QCOM, RJF, RYL, SCI, SKX, SRCL, SUSQ, SYK, TAL, TER, TEX, TQNT, TSCO, TWI, VAR, WCN, WDC, WLL, XLNX, XNPT, ZNGA Comment! [Earnings]
Friday, April 19, 12:17 PM Peabody Energy (BTU -4.8%) gives back most of yesterday's 7.7% gain from better-than-expected Q1 results. Coal shares rallied broadly on the news as the modestly positive data was a relief for investors fearing the worst, but today the realization is that challenges remain for the coal markets. WLT -6.4%, ANR -3.9%, CLD -3.6%, CNX -2.8%, ACI -2.6%, CLF -1.9%. 4 Comments [Energy, On the Move]
Tuesday, April 16, 3:15 PM The future of Canada's proposed $3.3B Ring of Fire chromite mine looks increasingly doubtful as Cliffs Natural Resources' (CLF -1%) financial picture turns cloudier. CLF has been battered by weak iron ore prices and rising costs at its Bloom Lake project, and the site has infrastructure problems; a decision about who has surface rights to the transportation corridor is before Ontario’s mining commissioner. 4 Comments [Energy, Commodities]
Monday, April 15, 7:00 PM The list of 52-week lows reached today is littered with miners and resource names: ABX, ACI, AG, AKS, ANV, AU, AUQ, AUY, CDE, CLF, CVE, EGO, EXK, EXXI, FCX, FNV, FST, GFI, GG, GOLD, HL, HMY, IAG, IPI, KGC, MHR, MT, MTL, NEM, NFX, NG, NGD, NOG, PAAS, PWE, RGLD, RIC, SA, SAND, SGY, SSRI, SVM, TCK, TGB, TRQ, WLT, WTI, X. 5 Comments [Commodities, Energy]

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