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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$7.73 - $16.70
Previous CloseN/A
Volume7.91M
Average Volume (3M)22.21M
Market Cap
$6.81B
Enterprise Value$13.21K
Total Cash (Recent Filing)$70.00M
Total Debt (Recent Filing)$7.70B
Price to Earnings (P/E)―
Beta2.03
Next Earnings
Oct 26, 2026EPS Estimate
0.21Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-1.42
Shares Outstanding570,540,040
10 Day Avg. Volume29,450,082
30 Day Avg. Volume22,214,437
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit>-0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$11.71Price Target Upside17.81% Upside
Rating ConsensusHold
Number of Analyst Covering10
EPS Forecast (FY)-0.39
Revenue Forecast (FY)$21.03B
Bulls Say, Bears Say
Bulls Say
Vertical Integration From Ore To Finished SteelOwning ore, steelmaking and finishing creates a durable competitive advantage by securing raw material supply, reducing input pass-through risk and capturing margin across the value chain. Over 2–6 months this supports margin resilience versus pure-play mills when commodity or logistics stress arises.
Clear EBITDA Recovery And Quantified Q3 GuidanceA large, explicitly quantified EBITDA rebound indicates operational leverage and pricing power rather than a one-off. Sustained higher EBITDA from rising selling prices and shipment increases strengthens cash generation potential and underpins a credible path to reduce leverage over the coming 12 months.
FCF Turnaround Plus Asset-sale Proceeds To Fund DeleveragingA return to positive free cash flow combined with near-term monetizations provides tangible liquidity to accelerate debt reduction. With management prioritizing debt paydown and no material maturities until 2029, these structural cash sources materially improve balance-sheet durability versus prior loss periods.
Bears Say
Elevated Leverage After Recent IncreaseLeverage rising materially in a cyclical steel business increases financial vulnerability if a downturn re-emerges. Higher debt magnifies earnings volatility, constrains capital allocation flexibility and makes the company more dependent on successful asset sales and sustained cash generation to meet deleveraging targets.
Historically Weak Operating And Free Cash FlowDespite recent quarter improvement, the multi-year shift from strong positive cash generation to TTM cash deficits reveals structural sensitivity to pricing, costs and working capital. Persistent cash weakness raises the risk of recurring financing needs and makes long-term investment and debt reduction harder without sustained cyclic recovery.
Material Exposure To Trade Policy And OEM DecisionsKey upside assumptions rely on external policy and OEM capital-allocation choices. If trade enforcement weakens or OEMs postpone restarts, volume and contract-reset benefits could be delayed, undermining revenue and EBITDA trajectories that management expects to drive durable deleveraging.
Cleveland-Cliffs News
CLF FAQ
What was Cleveland-Cliffs’s price range in the past 12 months?
Cleveland-Cliffs lowest stock price was $7.73 and its highest was $16.70 in the past 12 months.
What is Cleveland-Cliffs’s market cap?
Cleveland-Cliffs’s market cap is $6.81B.
When is Cleveland-Cliffs’s upcoming earnings report date?
Cleveland-Cliffs’s upcoming earnings report date is Oct 26, 2026 which is in 91 days.
How were Cleveland-Cliffs’s earnings last quarter?
Cleveland-Cliffs released its earnings results on Jul 23, 2026. The company reported -$0.2 earnings per share for the quarter, beating the consensus estimate of -$0.208 by $0.008.
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 0.21.
How many shares outstanding does Cleveland-Cliffs have?
Cleveland-Cliffs has 570,540,040 shares outstanding.
What happened to Cleveland-Cliffs’s price movement after its last earnings report?
Cleveland-Cliffs reported an EPS of -$0.2 in its last earnings report, beating expectations of -$0.208. Following the earnings report the stock price went up 15.979%.
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
Neutral
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Analyst Consensus
Hold
Average Price Target:
$11.71 (17.81% Upside)
$11.71 (17.81% Upside)
Blogger Sentiment
Bullish
CLF Sentiment 70%
Sector Average 70%
Sector Average 70%
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 ▲ 1.8%
Last 30 Days ▲ 1.8%
News Sentiment
Very Bullish
Bullish news 91%
Bearish news 9%
Bearish news 9%
Technicals
SMA
Negative
20 days / 200 days
Momentum
9.34%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
-1.74%
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
Q2 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call presented a marked operational and financial improvement with a clear path to materially higher EBITDA, positive free cash flow, and a near-term leverage reduction target. Key positives include Q2 adjusted EBITDA of $286M, a strong Q3 guide of $575M, price gains (+$76/ton in Q2, +$55/ton expected in Q3), a $400M property-sale pipeline, and a potential $500M EBITDA boost from contract resets. Offsetting risks are manageable near-term headwinds from Q2 maintenance outages and inventory lag, Canadian finishing-line pressures, valuation gaps in asset-sale processes, and reliance on trade policy and OEM decisions for capacity restarts. Overall, the positive operational momentum and sizable quantified upside outweigh the contained lowlights.View all CLF earnings summariesCLF Revenue Breakdown
97.36% Steelmaking
2.64% Other Businesses
CLF Stock 12 Month Forecast
Average Price Target
$11.71
▲(17.81% Upside)
Technical Analysis
Ownership Overview
1.16% Insiders
14.26% Mutual Funds
1.87% Other Institutional Investors
57.51% Public Companies and Individual Investors