Insider Selling: Cleveland-Cliffs (NYSE:CLF) CEO Sells $37,260,000.00 in Stock

Key Points

• Cleveland‑Cliffs CEO Lourenco Goncalves sold 3,000,000 shares on Feb. 11 at an average price of $12.42, totaling $37,260,000, a transaction disclosed in an SEC filing.
• The company reported Q4 EPS of ($0.43) which beat estimates but revenue missed ($4.31B vs. $4.60B), triggering a sharp market selloff; CLF traded around $12.47 on elevated volume and faces mixed analyst views with a consensus "Hold" and $13.89 target, while management offered a constructive 2026 outlook despite ambiguity around the POSCO partnership.

Cleveland-Cliffs Inc. (NYSE:CLF - Get Free Report) CEO Lourenco Goncalves sold 3,000,000 shares of the firm's stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $12.42, for a total value of $37,260,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Cleveland-Cliffs Price Performance

CLF stock traded up $0.20 during mid-day trading on Wednesday, reaching $12.47. The company's stock had a trading volume of 24,268,102 shares, compared to its average volume of 17,581,370. The company has a current ratio of 1.95, a quick ratio of 0.61 and a debt-to-equity ratio of 1.15. The company's 50 day moving average is $13.44 and its two-hundred day moving average is $12.27. Cleveland-Cliffs Inc. has a fifty-two week low of $5.63 and a fifty-two week high of $16.70. The stock has a market cap of $7.11 billion, a PE ratio of -4.27 and a beta of 1.93.

Cleveland-Cliffs (NYSE:CLF - Get Free Report) last posted its quarterly earnings results on Monday, February 9th. The mining company reported ($0.43) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.62) by $0.19. Cleveland-Cliffs had a negative return on equity of 18.94% and a negative net margin of 7.91%.The business had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.60 billion. During the same period in the prior year, the business earned ($0.68) earnings per share. The business's revenue was down .3% compared to the same quarter last year. Equities research analysts expect that Cleveland-Cliffs Inc. will post -0.79 EPS for the current year.

Cleveland-Cliffs News Roundup

Here are the key news stories impacting Cleveland-Cliffs this week:

• Positive Sentiment: Q4 EPS beat and narrowed loss; management gave a constructive 2026 outlook pointing to cost discipline, steady capex (~$700M) and modest shipment growth (≈16.8M tons) that could drive recovery. Article Title
• Positive Sentiment: Auto market wins and trade shifts (tariffs supporting domestic steel) are presented as key drivers for 2026 volume and pricing recovery, which would disproportionately improve free cash flow as fixed costs are absorbed. Article Title
• Neutral Sentiment: Earnings call transcripts and analyst notes were published (useful for detail on guidance, Q1 cost outlook and the POSCO update) but provided mixed clarity; details should be parsed for cadence of shipments, contract resets and cost assumptions. Article Title
• Negative Sentiment: Revenue missed estimates (~6% miss), which triggered a sharp market selloff (reports of ~16–19% intraday declines) and spooked momentum traders. Article Title
• Negative Sentiment: POSCO partnership remained ambiguous on the call (timing and terms unclear), raising doubts about a near-term equity investment and removing a potential catalyst for the stock. Article Title
• Negative Sentiment: Analyst downside pressure (GLJ Research cut its price target and keeps a sell rating) plus public remarks from commentators (e.g., Jim Cramer) emphasizing weak macro activity and tariff-related headwinds. Article Title

Analysts Set New Price Targets

A number of analysts have weighed in on CLF shares. Wells Fargo & Company upgraded shares of Cleveland-Cliffs from an "underweight" rating to an "equal weight" rating and boosted their price objective for the stock from $11.00 to $12.00 in a research report on Friday, November 14th. Bank of America lifted their price target on shares of Cleveland-Cliffs from $12.50 to $14.50 and gave the stock a "neutral" rating in a research note on Tuesday, October 21st. Weiss Ratings restated a "sell (d-)" rating on shares of Cleveland-Cliffs in a research note on Tuesday, January 27th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $15.00 price objective on shares of Cleveland-Cliffs in a report on Monday. Finally, UBS Group set a $15.00 target price on Cleveland-Cliffs in a report on Monday, October 27th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Cleveland-Cliffs currently has a consensus rating of "Hold" and a consensus target price of $13.89.

Hedge Funds Weigh In On Cleveland-Cliffs

A number of large investors have recently made changes to their positions in the stock. Strengthening Families & Communities LLC grew its holdings in shares of Cleveland-Cliffs by 4,315.6% during the third quarter. Strengthening Families & Communities LLC now owns 1,987 shares of the mining company's stock worth $25,000 after buying an additional 1,942 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Cleveland-Cliffs during the fourth quarter valued at approximately $25,000. Trust Co. of Toledo NA OH acquired a new stake in Cleveland-Cliffs during the second quarter worth approximately $27,000. IFP Advisors Inc grew its stake in Cleveland-Cliffs by 117.5% in the 4th quarter. IFP Advisors Inc now owns 2,221 shares of the mining company's stock worth $29,000 after acquiring an additional 1,200 shares during the period. Finally, Winch Advisory Services LLC raised its holdings in Cleveland-Cliffs by 131.3% in the 2nd quarter. Winch Advisory Services LLC now owns 4,070 shares of the mining company's stock valued at $31,000 after acquiring an additional 2,310 shares during the last quarter. Hedge funds and other institutional investors own 67.68% of the company's stock.

Cleveland-Cliffs Company Profile

Cleveland-Cliffs Inc is a leading North American producer of iron ore pellets and flat-rolled steel products. Tracing its roots to 1847, the company has evolved from an iron-ore mining concern in the Great Lakes region into a fully integrated steelmaker. Today, Cleveland-Cliffs operates iron ore mining complexes in Michigan and Minnesota as well as steelmaking and finishing facilities across the United States.

The company's integrated platform begins with direct control of key raw materials, including iron ore and scrap, and extends through every stage of steel production.

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