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)18.51M
Market Cap
$7.26B
Enterprise Value$15.48B
Total Cash (Recent Filing)$45.00M
Total Debt (Recent Filing)$7.76B
Price to Earnings (P/E)―
Beta2.03
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. Volume22,382,450
30 Day Avg. Volume18,514,478
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/Revenue0.82
Enterprise Value/Gross Profit-29.31
Enterprise Value/Ebitda115.49
Forecast
1Y Price Target
$12.00Price Target Upside20.74% Upside
Rating ConsensusHold
Number of Analyst Covering9
EPS Forecast (FY)-0.53
Revenue Forecast (FY)$20.74B
Bulls Say, Bears Say
Bulls Say
Market Position & DemandA full order book and extended lead times, alongside increasing automotive OEM demand and evidence of steel-for-aluminum substitution, indicate durable demand and pricing leverage. This supports sustained shipments, higher utilization and improved margin realization over coming quarters.
Vertical IntegrationOwning iron ore mining, steelmaking and finishing reduces procurement risk and internalizes raw-material supply. Over months this lowers exposure to third-party disruptions, helps preserve spreads when input prices rise, and supports consistent supply to OEMs and margin resilience.
Strong Liquidity & Asset-sale PlanHaving over $3.0B in liquidity plus a $425M idle-property sale program provides a meaningful cash buffer. This reduces near-term refinancing risk, funds operational cadence and modernization projects, and gives time to realize pricing/volume recovery without forcing distressed actions.
Bears Say
Negative Cash GenerationSustained negative operating and free cash flow means the company must rely on liquidity, asset sales or external financing to cover capex and working capital. This constrains strategic flexibility, raises refinancing dependency and magnifies vulnerability during industry downturns over the next several months.
Rising LeverageDebt-to-equity rising to ~1.3x after prior years reduces balance-sheet flexibility and increases interest and covenant risk. With earnings depressed, higher leverage amplifies downside in a cyclical steel market and limits capacity for opportunistic investments or cushioning future cash shocks.
Profitability DeteriorationA shift from prior profitability to negative gross profit and large net losses shows persistent margin and cost pressures. Even with positive TTM EBITDA, earnings remain weak, impairing returns, reducing retained capital for reinvestment and making sustained recovery dependent on pricing and cost improvements.
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 $7.26B.
When is Cleveland-Cliffs’s upcoming earnings report date?
Cleveland-Cliffs’s upcoming earnings report date is Jul 27, 2026 which is in 47 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
Neutral
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10
Analyst Consensus
Hold
Average Price Target:
$12.00 (20.74% Upside)
$12.00 (20.74% 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 ▲ 1.4%
Last 30 Days ▲ 5.1%
Last 30 Days ▲ 5.1%
News Sentiment
Neutral
Bullish news 59%
Bearish news 43%
Bearish news 43%
Technicals
SMA
Positive
20 days / 200 days
Momentum
63.49%
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
$12.00
▲(20.74% Upside)
Technical Analysis
Ownership Overview
1.16% Insiders
14.60% Mutual Funds
20.48% Other Institutional Investors
36.36% Public Companies and Individual Investors