Shares of CLF traded higher by 7.77% or $1.46/share to $20.25. NYSE is trading at a price to book ratio of 0.58. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 1.8. The price to sales ratio came in at 0.46. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 10485500 shares of CLF exchange hands on a given day and today's volume is recorded at 8435231. These factors combined may make this company a potential takeover candidate. Value investors may have an eye on this one, especially if the stock gets cheaper.
Cliffs Natural Resources Inc. is an international mining and natural resources company.