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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)18.10M
Market Cap
$7.00B
Enterprise Value$14.95B
Total Cash (Recent Filing)$45.00M
Total Debt (Recent Filing)$7.76B
Price to Earnings (P/E)―
Beta2.06
Next Earnings
Jul 23, 2026EPS Estimate
-0.19Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-2.39
Shares Outstanding570,414,700
10 Day Avg. Volume19,324,573
30 Day Avg. Volume18,103,904
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 Cap2.13
Enterprise Value/Revenue0.79
Enterprise Value/Gross Profit-28.32
Enterprise Value/Ebitda68.90
Forecast
1Y Price Target
$12.44Price Target Upside25.14% Upside
Rating ConsensusHold
Number of Analyst Covering8
EPS Forecast (FY)-0.41
Revenue Forecast (FY)$20.89B
Bulls Say, Bears Say
Bulls Say
Vertical Integration & Market PositionOwning ore, steelmaking and finishing creates durable supply security and cost control versus peers. This vertical chain lets the company capture upstream margins, support OEM contracts, and flex product mix for automotive and industrial customers, strengthening long-term margin recovery potential.
EBITDA And Shipment RecoveryMaterial sequential EBITDA and shipment recovery (Q1 shipments >4.1M tons, >300k ton sequential recovery) coupled with management guidance for higher Q2 shipments and meaningful Q2 free cash flow indicate the company is beginning to restore operating leverage; sustained pricing and volumes would re-establish lasting earnings power.
Liquidity & Asset-sale PlanAbove-$3B liquidity plus a $425M asset-sale program provides a multi-quarter financial cushion that reduces refinancing risk and funds operations, capex, and modernization projects. These resources enhance resilience while management executes cost and asset monetization plans to support durable cash generation.
Bears Say
Negative Free Cash FlowSustained negative operating and free cash flow erodes liquidity over time and forces reliance on asset sales or financing. Until margins and working capital normalize, the company faces constrained internal funding for capex, modernization and debt reduction, increasing long-term execution risk.
Elevated LeverageHigher leverage reduces financial optionality and raises interest and covenant vulnerability during cyclicality. With earnings depressed, the 1.3x debt-to-equity backdrop limits capacity to invest, raises refinancing costs, and amplifies downside risk if demand or pricing deteriorates before profitability fully recovers.
Sustained Losses & Negative MarginsNegative gross profit and net losses show a structural cost/pricing gap despite higher revenue. Even with positive EBITDA in parts of the TTM, persistent negative margins hinder equity returns, constrain debt paydown, and mean the business needs sustained price recovery or structural cost cuts to resume durable profitability.
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 $7.00B.
When is Cleveland-Cliffs’s upcoming earnings report date?
Cleveland-Cliffs’s upcoming earnings report date is Jul 23, 2026 which is in 18 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:
$12.44 (25.14% Upside)
$12.44 (25.14% 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
Very Positive
Last 7 Days ▲ 1.0%
Last 30 Days ▲ 1.0%
Last 30 Days ▲ 1.0%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
12.55%
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
All Analysts
Top Analysts
Average Price Target
$12.44
▲(25.14% Upside)
Technical Analysis
1 Day
3 Days
1 Week
1 Month
Ownership Overview
1.16% Insiders
14.27% Mutual Funds
<0.01% Other Institutional Investors
58.95% Public Companies and Individual Investors









