Cleveland-Cliffs (CLF) Stock Price, News & Analysis

Company Overview

Cleveland-Cliffs Inc. is a leading vertically integrated producer of iron ore and steel products in North America. Founded in 1847, the company originally focused on extracting rich iron ore from the Lake Superior region. Over the decades, Cleveland-Cliffs expanded its operations through strategic acquisitions and investments, building a highly integrated platform that spans mining, pelletizing, direct reduction, and steelmaking. Today, it stands as a key supplier of flat-rolled steel and value-added steel products, serving a broad array of industrial markets.

The company’s core steel offerings include hot-rolled, cold-rolled and coated steel, as well as plate products. These materials are used in automotive bodies, infrastructure projects, appliance manufacturing and packaging applications. By controlling the entire chain from raw ore to finished steel, Cleveland-Cliffs is able to optimize production costs and maintain consistent quality standards. The company also invests in advanced technologies and sustainable practices to reduce emissions and improve energy efficiency across its facilities.

Cleveland-Cliffs operates an extensive network of iron ore mines in Minnesota and Michigan, steelmaking plants in Ohio, Indiana, and Pennsylvania, and processing facilities in Canada and Mexico. This geographic reach enables it to serve customers throughout the continental United States and beyond, delivering just-in-time supply and technical support. The company’s logistics capabilities include rail, port and barge terminals that facilitate efficient movement of both raw materials and finished products.

Under the leadership of Chairman and CEO Lourenco Goncalves since 2014, Cleveland-Cliffs has pursued a growth strategy centered on vertical integration and operational excellence. Goncalves has guided the company through several transformative acquisitions, including the integration of U.S. Steel’s assets and the purchase of major steelmaking operations, strengthening its position in critical end markets. With a focus on innovation and sustainability, Cleveland-Cliffs continues to evolve as a pivotal supplier in the North American steel industry.

Key Stats

• Today's Range: $8.61 to $8.90
• 50-Day Range: $5.85 to $8.87
• 52-Week Range: $5.63 to $16.47
• Volume: 24.91 million shs
• Average Volume: 19.09 million shs
• Market Capitalization: $4.34 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $10.23
• Consensus Rating: Moderate Buy

Cleveland-Cliffs Stock Analysis - MarketRank™

Cleveland-Cliffs scored higher than 51% of companies evaluated by MarketBeat, and ranked 331st out of 576 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Cleveland-Cliffs has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Cleveland-Cliffs has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Cleveland-Cliffs are expected to grow in the coming year, from ($0.79) to ($0.42) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Cleveland-Cliffs is -3.59, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Cleveland-Cliffs is -3.59, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Cleveland-Cliffs has a P/B Ratio of 0.63. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

15.41% of the float of Cleveland-Cliffs has been sold short.

Short Interest Ratio / Days to Cover

Cleveland-Cliffs has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Cleveland-Cliffs has recently decreased by 13.58%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Cleveland-Cliffs does not currently pay a dividend.

Dividend Growth

Cleveland-Cliffs does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

15.41% of the float of Cleveland-Cliffs has been sold short.

Short Interest Ratio / Days to Cover

Cleveland-Cliffs has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Cleveland-Cliffs has recently decreased by 13.58%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.0 / 5
• News Sentiment: 0.53

News Sentiment

Cleveland-Cliffs has a news sentiment score of 0.53. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 16 news articles for Cleveland-Cliffs this week, compared to 15 articles on an average week.

Search Interest

Only 52 people have searched for CLF on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

MarketBeat Follows

Only 29 people have added Cleveland-Cliffs to their MarketBeat watchlist in the last 30 days. This is a decrease of -43% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Cleveland-Cliffs insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $822,000.00 in company stock.

Percentage Held by Insiders

Only 1.71% of the stock of Cleveland-Cliffs is held by insiders.

Percentage Held by Institutions

67.68% of the stock of Cleveland-Cliffs is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CLF Stock Analysis - Frequently Asked Questions

How have CLF shares performed this year?

Cleveland-Cliffs' stock was trading at $9.40 on January 1st, 2025. Since then, CLF shares have decreased by 6.7% and is now trading at $8.77.

How were Cleveland-Cliffs' earnings last quarter?

Cleveland-Cliffs Inc. (NYSE:CLF) announced its quarterly earnings results on Wednesday, May, 7th. The mining company reported ($0.92) earnings per share for the quarter, missing analysts' consensus estimates of ($0.78) by $0.14. The business's revenue for the quarter was down 11.0% compared to the same quarter last year.
Read the conference call transcript.

How will Cleveland-Cliffs' stock buyback program work?

Cleveland-Cliffs' Board of Directors approved a share buyback program on Monday, April 22nd 2024, which allows the company to repurchase $1,500,000,000 in outstanding shares, according to EventVestor. This means that the company could buy up to 17.2% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's management believes its stock is undervalued.

Does Cleveland-Cliffs have any subsidiaries?

The following companies are subsidiaries of Cleveland-Cliffs: ArcelorMittal, AK Steel, Consolidated Thompson Iron Mines Limited, PinnOak Resources, Cliffs Mining Company, Cliffs Minnesota Mining Company, Cliffs TIOP Holding LLC, and others.

Who are Cleveland-Cliffs' major shareholders?

Cleveland-Cliffs' top institutional investors include Cullen Investment Group LTD. (0.01%) and Whitcomb & Hess Inc.. Insiders that own company stock include Lourenco Goncalves, Keith Koci, Terry G Fedor, James D Graham, Celso L Goncalves Jr, Ralph S Michael III, John T Baldwin, Douglas C Taylor, Arlene M Yocum, Susan Miranda Green, Ron A Bloom, Jane M Cronin and Ben Oren.
View institutional ownership trends.

How do I buy shares of Cleveland-Cliffs?

Shares of CLF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Cleveland-Cliffs own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Cleveland-Cliffs investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Zomedica (ZOM), Pfizer (PFE), Ford Motor (F) and Tesla (TSLA).

Company Calendar

• Last Earnings: 5/07/2025
• Today: 7/03/2025
• Next Earnings (Confirmed): 7/21/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Basic Materials
• Industry: STEEL - PRODUCERS
• Sub-Industry: Steel
• Current Symbol: NYSE:CLF
• CIK: 764065
• Web: www.clevelandcliffs.com
• Phone: 216-694-5700
• Fax: 216-694-4880
• Employees: 30,000
• Year Founded: 1847

Price Target and Rating

• Average Stock Price Target: $10.23
• High Stock Price Target: $17.00
• Low Stock Price Target: $3.91
• Potential Upside/Downside: +16.7%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 6 Analysts

Profitability

• EPS (Trailing Twelve Months): ($2.44)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: -$754 million
• Net Margins: -6.35%
• Pretax Margin: -8.12%
• Return on Equity: -12.84%
• Return on Assets: -4.74%

Debt

• Debt-to-Equity Ratio: 1.17
• Current Ratio: 2.13
• Quick Ratio: 0.64

Sales & Book Value

• Annual Sales: $19.19 billion
• Price / Sales: 0.23
• Cash Flow: $1.22 per share
• Price / Cash Flow: 7.21
• Book Value: $13.96 per share
• Price / Book: 0.63

Miscellaneous

• Outstanding Shares: 494,480,000
• Free Float: 486,029,000
• Market Cap: $4.34 billion
• Optionable: Optionable
• Beta: 1.91