Cloud Peak Energy is a holding company. Through its subsidiaries, Co. is a producer of coal in the U.S. and the Powder River Basin. Co. owns and operates three surface coal mines: the Antelope Mine, the Cordero Rojo Mine and the Spring Creek Mine. Co.'s Antelope Mine and Cordero Rojo Mine are located in Wyoming and its Spring Creek Mine is located in Montana. Co.'s mines produce subbituminous thermal coal with low sulfur content, and Co. sells its coal primarily to domestic and foreign electric utilities. Co. has two development projects, the Youngs Creek project and the Big Metal project. As of Dec 31 2017, Co. controlled approximately 1,023,900,000 tons of proven and probable reserves. We show 37 historical shares outstanding datapoints in our CLD shares outstanding history coverage, used to compute CLD market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing CLD market cap history over the course of time is important for investors
interested in comparing CLD's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of CLD versus a peer is one thing; comparing
CLD market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like CLD can fluctuate over the course of history.
With this page we aim to empower investors researching CLD by allowing them to research the CLD market cap history. |
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Video: The Importance of Market Cap
