Cliffs natural resources stock buyback

2020-01-20 19:01

Feb 17, 2019 ClevelandCliffs, Inc. is an iron ore mining company. It supplies iron ore pellets to the North American steel industry from mines and pellet plants located in Michigan and Minnesota.View the basic CLF stock chart on Yahoo Finance. Change the date range, chart type and compare ClevelandCliffs Inc. against other companies. cliffs natural resources stock buyback

ClevelandCliffs is an iron ore mining company. Co. is a supplier of iron ore pellets to the North American steel industry from its mines and pellet plants located in Michigan and Minnesota. Additionally, Co. operates an iron ore mining complex in Western Australia.

Cliffs Natural Resources (NYSE: CLF) authorized the Company to buy back its outstanding common shares in the open market or in private negotiated transactions up to a maximum of 200 million On August 25, Cliffs Natural Resources (NYSE: CLF) announced a 200 million buyback program. Cliffs' stock subsequently popped 3 on the news. The move can be construed in two ways: The Bearish View: For the bears, the buyback announcement is a dangerous move, as cliffs natural resources stock buyback Summary. Cliffs Natural Resources recently announced its intention to buy back as much as 200M of its own shares. In light of a heavy debt load, declining revenues and a negative cash flow position, this is a curious time to be authorizing a 200M stock buyback. If iron ore prices begin to recover, this could ultimately prove

Share buybacks can certainly have positive ramifications, as in the case of Cliffs Natural Resources. Also, they can often be expected and demanded by investors, as with the BHP Billiton demerger. cliffs natural resources stock buyback ClevelandCliffs to buy back up to 200 million of stock. Iron ore miner ClevelandCliffs Inc. said Monday its board has approved a share buyback program of up to 200 million shares. CLEVELAND Aug. 25, 2014 The Board of Directors of Cliffs Natural Resources Inc. (NYSE: CLF) today authorized the Company to buy back its outstanding common shares in the open market or in private negotiated transactions up to a maximum of 200 million dollars. The Company will be working with its bank group to ensure the buyback program is effectively implemented in a timely manner. Cliffs Natural Resources Inc (NYSE: CLF) watched its stock price rocket higher just before the company announced earnings in early February. However, since that time, the shares have been heading steadily lower. The painful 24. 5 decline in March followed a roughly 6 fall between its earnings announcement on February 9th and the end of that month. View detailed financial information, realtime news, videos, quotes and analysis on ClevelandCliffs Inc. (NYSE: CLF). Explore commentary on ClevelandCliffs Inc. and hear what the experts at

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