Cleveland-Cliffs (CLF)
NYSE:CLF
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CLF Stock Chart & Stats
$9.94
-$0.40(-3.98%)
At close: 4:00 PM EST
$9.94
-$0.40(-3.98%)
Day’s Range― - ―
52-Week Range$6.72 - $16.70
Previous CloseN/A
Volume7.91M
Average Volume (3M)17.20M
Market Cap
$7.86B
Enterprise Value$15.48B
Total Cash (Recent Filing)$45.00M
Total Debt (Recent Filing)$7.76B
Price to Earnings (P/E)―
Beta2.05
Next Earnings
Jul 27, 2026EPS Estimate
-0.19Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-2.39
Shares Outstanding570,414,700
10 Day Avg. Volume19,149,712
30 Day Avg. Volume17,201,935
Financial Highlights & Ratios
PEG Ratio-0.05
Price to Book (P/B)1.07
Price to Sales (P/S)0.35
P/FCF Ratio-6.39
Enterprise Value/Market Cap1.97
Enterprise Value/Revenue0.82
Enterprise Value/Gross Profit-29.31
Enterprise Value/Ebitda71.32
Forecast
1Y Price Target
$12.25Price Target Upside23.25% Upside
Rating ConsensusHold
Number of Analyst Covering10
EPS Forecast (FY)-0.47
Revenue Forecast (FY)$20.81B
Bulls Say, Bears Say
Bulls Say
Vertical Integration & Strong DemandA full order book and rising OEM demand paired with Cliffs' iron-ore-to-finished-steel footprint means the company can capture value across the chain. Vertical integration and tight lead times support pricing power, mix benefits, and durable share gains versus less-integrated rivals.
Solid Liquidity And Asset Monetization PlanCash reserves above $3B plus a staged $425M idle-asset sale program provide a multi-quarter liquidity cushion. This reduces near-term refinancing risk, funds modernization/capex, and gives management flexibility to weather cyclical downturns without abrupt operational cuts.
Operational Modernization And Quality RecognitionOngoing DOE-backed modernization, mill consolidation and disciplined SG&A signal structural cost and capacity improvements. Continued quality awards and no-layoff optimization indicate operational execution that can sustain margins and OEM relationships over the medium term.
Bears Say
Negative Profitability & Cash FlowPersistent negative operating and free cash flow and a sizable net loss reduce internal funding for maintenance and growth. Extended cash burn increases reliance on financing or asset sales, raising execution risk and constraining the ability to invest through the steel cycle.
Elevated LeverageMaterially higher leverage versus prior years weakens financial flexibility in a cyclical industry. With thin or negative earnings, elevated debt amplifies refinancing, interest coverage and covenant risk, limiting strategic optionality if demand or prices re-soften.
Energy And Input-cost ExposureSignificant sensitivity to energy, fuel and freight costs creates recurring margin volatility. Large one-off energy shocks and persistent diesel/freight cost tails materially pressure EBITDA and FCF, making earnings recovery vulnerable to commodity and logistics cycles.
Cleveland-Cliffs News
CLF FAQ
What was Cleveland-Cliffs’s price range in the past 12 months?
Cleveland-Cliffs lowest stock price was $6.72 and its highest was $16.70 in the past 12 months.
What is Cleveland-Cliffs’s market cap?
Cleveland-Cliffs’s market cap is $7.86B.
When is Cleveland-Cliffs’s upcoming earnings report date?
Cleveland-Cliffs’s upcoming earnings report date is Jul 27, 2026 which is in 42 days.
How were Cleveland-Cliffs’s earnings last quarter?
Cleveland-Cliffs released its earnings results on Apr 20, 2026. The company reported -$0.4 earnings per share for the quarter, beating the consensus estimate of -$0.422 by $0.022.
Is Cleveland-Cliffs overvalued?
According to Wall Street analysts Cleveland-Cliffs’s price is currently Undervalued.
Does Cleveland-Cliffs pay dividends?
Cleveland-Cliffs pays a Quarterly dividend of $0.06 which represents an annual dividend yield of N/A. See more information on Cleveland-Cliffs dividends here
What is Cleveland-Cliffs’s EPS estimate?
Cleveland-Cliffs’s EPS estimate is -0.19.
How many shares outstanding does Cleveland-Cliffs have?
Cleveland-Cliffs has 570,414,700 shares outstanding.
What happened to Cleveland-Cliffs’s price movement after its last earnings report?
Cleveland-Cliffs reported an EPS of -$0.4 in its last earnings report, beating expectations of -$0.422. Following the earnings report the stock price went down -2.113%.
Which hedge fund is a major shareholder of Cleveland-Cliffs?
Currently, no hedge funds are holding shares in CLF
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Cleveland-Cliffs Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Hold
Average Price Target:
$12.25 (23.25% Upside)
$12.25 (23.25% Upside)
Blogger Sentiment
Bullish
CLF Sentiment 70%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Increased
By 5.7M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $2.9M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▼ 0.3%
Last 30 Days ▲ 3.8%
Last 30 Days ▲ 3.8%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
91.92%
12-Months-Change
Fundamentals
Return on Equity
-20.91%
Trailing 12-Months
Asset Growth
-3.46%
Trailing 12-Months
Company Description
Cleveland-Cliffs
Cleveland-Cliffs Inc. stands as a prominent North American manufacturer specializing in flat-rolled steel. The company's diverse product portfolio encompasses a wide array of carbon steel forms, including hot-rolled, cold-rolled, electrogalvanized, hot-dip galvanized, hot-dip galvannealed, aluminized, enameling, and advanced high-strength steel. Additionally, they supply stainless steel, various steel plates, and specialized electrical steels (both grain-oriented and non-oriented). Beyond these core offerings, Cleveland-Cliffs produces tubular components, fabricated from carbon steel, stainless steel, and via electric resistance welding. Their tinplate division manufactures electrolytic tin-coated and chrome-coated sheets, alongside other tin mill products. The company also provides essential raw materials, ingots, rolled and cast blooms, hot-briquetted iron, and services like tooling and sampling. A key aspect of its operations is vertical integration, as the company owns and manages five iron ore mines located in Minnesota and Michigan. Cleveland-Cliffs serves a broad customer base, including the automotive industry, infrastructure and general manufacturing sectors, distributors, converters, and other steel producers. Founded in 1847, the company is headquartered in Cleveland, Ohio, and officially adopted the name Cleveland-Cliffs Inc. in August 2017, having previously been known as Cliffs Natural Resources Inc.
CLF Company Deck
CLF Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call presents a constructive outlook: clear signs of market strength (rising realized prices, recovering shipments, full order book, solid liquidity and expected positive free cash flow in Q2) outweigh several identifiable near-term headwinds (an $80M energy-related EBITDA hit in Q1, working capital build, higher scrap/fuel costs, Stelco pricing discount and Q2 outages). Management positions most negatives as transitory, highlights multiple levers for improved profitability (pricing realization lag easing over coming quarters, operational optimizations, asset sales, DOE modernization), and remains confident in execution and cash generation over the remainder of the year.View all CLF earnings summariesCLF Revenue Breakdown
97.36% Steelmaking
2.64% Other Businesses
CLF Stock 12 Month Forecast
Average Price Target
$12.25
▲(23.25% Upside)
Technical Analysis
Ownership Overview
1.16% Insiders
14.60% Mutual Funds
20.48% Other Institutional Investors
36.50% Public Companies and Individual Investors