CLF

Latest market price

11.93

+0.97+8.85%

Overview Short InterestFilings

CLFQT65Cleveland-Cliffs Inc.·NYSE

Overview Short InterestFilings

11.93+8.85%

Filing

Up 8.9% — Filed an 8-K material-event report (2026-07-24) — details in the filing.

Medium confidence

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Signal & projected range

Analyst upgradeHistorical pattern — not a prediction

Recent priceDays this stock last showed the setupRange of past outcomes (±1σ)

Horizon

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Over the next 20 trading days, similar setups historically landed in a measured range of outcomes. Unlock with Premium to see the median return, the typical range, and how often they were positive. This is the historical range of outcomes — not a prediction of this stock’s price.

Ranges describe how this exact setup resolved in the past — derived from thousands of historical occurrences across QuoTrend’s coverage since 2006, survivorship-corrected to include companies that later delisted. The band is the typical spread (±1σ) of those outcomes, not a forecast; the central value is their average move. Fewer matching cases over longer horizons widen the band and lower its reliability. Backtested results are hypothetical, based on historical data, and do not represent actual trading. Past performance does not guarantee or predict future results. QuoTrend is an educational research tool, not investment advice. Markets involve risk, including loss of principal.

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Snapshot

Index	-	P/E	-	EPS (ttm)	-2.39	Insider Own	8.66%	Shs Outstand	570.54M	Perf Week	28.56%

Market Cap	6.81B	Forward P/E	17.05	EPS next Y	0.70	Insider Trans	-6.87%	Shs Float	564.61M	Perf Month	12.87%

Enterprise Value	14.44B	PEG	-	EPS next Q	-	Inst Own	75.08%	Short Float	14.81%	Perf Quarter	31.24%

Income	-875.32M	P/S	0.35	EPS this Y	85.84%	Inst Trans	-	Short Ratio	4.41	Perf Half Y	-16.81%

Sales	19.19B	P/B	1.22	EPS next Y	306.78%	ROA	-4.36%	Short Interest	83.60M	Perf YTD	-10.17%

Book/sh	-	P/C	-	EPS next 5Y	-	ROE	-15.23%	52W High	16.70 -28.56%	Perf Year	5.86%

Cash/sh	-	P/FCF	-	EPS past 3/5Y	-	ROIC	-2.85%	52W Low	7.73 54.33%	Perf 3Y	-28.73%

Dividend Est.	0.65 (5.45%)	EV/EBITDA	47.03	Sales past 3/5Y	-6.80% 28.30%	Gross Margin	-0.79%	Volatility	6.57% 5.09%	Perf 5Y	-40.14%

Dividend TTM	0.60 (5.03%)	EV/Sales	0.75	EPS Y/Y TTM	-52.23%	Oper. Margin	-3.60%	ATR (14)	0.67	Perf 10Y	64.55%

Dividend Ex-Date	Apr 02, 2020	Quick Ratio	0.63	Sales Y/Y TTM	-1.47%	Profit Margin	-4.56%	RSI (14)	64.75	Recom	3.02

Dividend Gr. 3/5Y	-	Current Ratio	1.89	EPS Q/Q	56.52%	SMA20	22.77%	Beta	2.04	Target Price	11.43

Payout	0.00%	Debt/Eq	1.37	Sales Q/Q	6.33%	SMA50	5.89%	Rel Volume	3.39	Prev Close	10.96

Employees	25,000	LT Debt/Eq	1.27	Earnings	Oct 19	SMA200	3.60%	Avg Volume	20.58M	Price	11.93

IPO Date	Nov 05, 1987	Option/Short	Yes / Yes	EPS/Sales Surpr.	5.22% 2.36%	Net Debt/EBITDA	24.86	Volume	69,839,419	Change	8.85%

Analyst Ratings

Date	Action	Analyst	Rating	Target
Jul-24-26	Reiterated	BNP Paribas		$19 → $12
Jul-24-26	Reiterated	Barclays	Underweight	$9.00 → $10
Jul-24-26	Upgrade	GLJ Research	Neutral → Buy	$15 → $16
Jul-09-26	Reiterated	Wells Fargo	Equal Weight	$14 → $9.00
Jun-22-26	Downgrade	Morgan Stanley	Overweight → Equal Weight	$12 → $13
Jun-09-26	Upgrade	GLJ Research	Sell → Hold	$9.42 → $15
Jun-04-26	Reiterated	Wells Fargo	Equal Weight	$11 → $14
May-21-26	Initiated	Barclays	Underweight	$9.00
May-01-26	Reiterated	Goldman Sachs	Buy	$9.00 → $10
Apr-21-26	Reiterated	Morgan Stanley	Overweight	$17 → $12

Company

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.

Ownership

Total institutional ownership75.08%

Per-holder 13F data hasn't been ingested for this ticker yet.

Financial Statements

DataTimeframe

Line Item (USD, M)	TTM —	FY 2025 12/31/2025	FY 2024 12/31/2024	FY 2023 12/31/2023	FY 2022 12/31/2022	FY 2021 12/31/2021	FY 2020 12/31/2020	FY 2019 12/31/2019	FY 2018 12/31/2018
Total Revenue	19,195	18,610	19,185	21,996	22,989	20,444	5,354	1,990	2,332
Cost of Goods Sold Incl. D&A	19,346	19,373	19,115	20,605	20,471	15,910	5,102	1,414	1,523
Gross Profit	-151	-763	70	1,391	2,518	4,534	252	576	810
Selling, General and Administrative Excl. Other	553	543	486	577	465	422	244	119	117
Research and Development	0	0	0	0	0	0	0	0	0
Other Operating Expense	-13	50	340	137	110	80	150	27	19
Operating Income	-691	-1,356	-756	677	1,939	4,012	-142	429	673
Interest Expense	609	594	370	289	276	337	238	101	119
Unusual Expense	—	—	—	—	—	—	—	—	—
Non-Operating Income (Expense)	93	-54	183	209	133	128	187	-16	10
Net Income Before Taxes	-1,207	-2,004	-943	597	1,796	3,803	-193	313	565
Income Taxes	-385	-581	-235	148	423	773	-111	18	-475
Consolidated Net Income	-876	-1,478	-754	399	1,335	2,988	-122	293	1,128
Net Income From Continuing Operations	-822	-1,423	-708	449	1,373	3,030	-82	295	1,040
Net Income	-876	-1,478	-754	399	1,335	2,988	-122	293	1,128
EPS (Recurring)	-1.67	-3.00	-1.57	0.78	2.57	5.62	-0.32	1.06	3.80
EPS (Basic, Before Extraordinaries)	-1.67	-3.00	-1.57	0.78	2.57	5.62	-0.32	1.06	3.80
EPS (Diluted)	-1.67	-3.00	-1.57	0.78	2.55	5.35	-0.32	1.03	3.71
EBITDA	307	-99	378	1,859	3,106	5,044	353	498	776
Other After Tax Adjustments	—	—	—	—	—	—	—	—	—
Stock Option Compensation Expense	—	—	—	—	—	—	—	—	—
Price To Earnings Ratio	—	—	—	26.18	6.32	4.07	—	8.16	2.07
Price To Sales Ratio	0.35	0.35	0.24	0.47	0.36	0.60	1.03	1.17	0.98
Gross Margin	-0.79	-4.10	0.36	6.32	10.95	22.18	4.71	28.94	34.73
Operating Margin	-3.60	-7.29	-3.94	3.08	8.43	19.62	-2.65	21.56	28.86
Net Margin	-4.56	-7.94	-3.93	1.81	5.81	14.62	-2.28	14.72	48.37
Shares Outstanding	571	492	480	510	519	559	379	277	297
Market Capitalization	6,812	6,534	4,512	10,414	8,361	12,169	5,518	2,327	2,284
Operating Lease Expense	—	—	—	—	—	—	—	—	—

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Insider Trading Volume

Insider Trading

Insider	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
Goncalves Celso L Jr	EVP, CFO	Jun 05 '26	Sale	13.41	214,308	2,874,642	184,542	Jun 05
Smith Clifford T	EVP & Chief Operating Officer	Feb 17 '26	Sale	10.46	200,000	2,092,080	560,529	Feb 18
Camara Edilson	Director	Feb 13 '26	Buy	10.13	19,700	199,626	41,983	Feb 13
GONCALVES LOURENCO	Chairman, President & CEO	Feb 11 '26	Sale	12.42	3,000,000	37,257,300	0	Feb 11
Graham James D	EVP Chief Legal Admin & Sec	May 23 '25	Sale	6.85	120,000	822,036	492,249	May 23
BALDWIN JOHN T	Director	Mar 10 '25	Buy	8.70	4,000	34,800	133,227	Mar 10
Koci Keith	EVP & President, CC Services	Feb 28 '25	Buy	10.81	9,500	102,743	543,475	Feb 28
CRONIN JANE M.	Director	Feb 28 '25	Buy	10.56	10,000	105,606	24,522	Feb 28
Bloom Ron A.	Director	Nov 20 '24	Sale	11.77	1,554	18,283	64,024	Nov 22
BALDWIN JOHN T	Director	Aug 01 '24	Buy	14.53	8,000	116,240	129,227	Aug 01
BALDWIN JOHN T	Director	Jun 13 '24	Buy	14.70	7,500	110,272	121,227	Jun 13
MICHAEL RALPH S III	Director	Jun 13 '24	Buy	14.74	20,000	294,800	199,519	Jun 13
Oren Ben	Director	Jun 12 '24	Buy	14.99	6,700	100,400	14,167	Jun 13
Taylor Douglas C	Director	Jun 11 '24	Sale	14.87	36,000	535,223	100,536	Jun 13
Goncalves Celso L Jr	EVP, CFO	Jun 12 '24	Buy	14.98	7,250	108,641	314,362	Jun 12