Cliffs Natural Resources (CLF) Sees Additional C-Level Insider Buying

Insiders in beaten-down resources play Cliffs Natural Resources (NYSE: CLF) have been active over the past little while. Today, two C-Level executives, including the CEO, disclosed recent stock buys.

• CEO Lourenco Goncalves bought 108,148 shares on 05/26 at $5.08
• CFO Michael Siegal bought 9,500 shares on 05/26 at $5.20.

Goncalves has been a aggressive buyer of late and has built his stake from 0 to 300,000 shares with purchases made since March. Goncalves was just appointed CEO in August 2014. He has more than 30 years of experience in the metals and mining industries.

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