Cleveland-Cliffs Inc. (CLF) Stock Price & Analysis
Cleveland-Cliffs Inc. (CLF) closed at USD 13.05 on Thursday, October 22, 2026, down 6.99% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 13.05; the Oct 22, 2026 session ranged USD 13.02–13.9 on volume of 34,972,401 shares. Market capitalization is —, with a 52-week range of USD 7.73–15.35 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:27 UTC.
Also available as compact Markdown for AI agents: nexqual.com/CLF.md
Key facts (CLF)
- Last four reported quarters (through Sep 30, 2026): revenue $20.1B, net income -$473M (-2.4% margin), free cash flow -$485M (SEC filings).
- 2 of 80 tracked superinvestors hold CLF (13F, Q2 2026): 0 new, 0 added, 0 reduced, 2 unchanged.
- Analysts: Hold (mean 3.00 on a 1–5 scale) (13 analysts), mean target USD 14.05 (range 12–18).
- Total return with dividends: 1Y -0.1% vs S&P 500 +14.9%; 5Y -45.3% vs S&P 500 +80.3%.
- Next earnings: 2026-10-19, EPS estimate USD 0.42, revenue estimate $5.66B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (CLF)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $20.4B | $23.0B | $22.0B | $19.2B | $18.6B | $20.1B |
| Gross profit | $4.53B | $2.52B | $1.37B | $63.0M | -$860M | — |
| Operating income | $4.01B | $1.94B | $659M | -$763M | -$1.58B | -$282M |
| Net income | $2.99B | $1.33B | $385M | -$760M | -$1.48B | -$473M |
| EPS (diluted) | $5.36 | $2.55 | $0.75 | -$1.58 | -$2.91 | — |
| Free cash flow | $2.08B | $1.48B | $1.62B | -$590M | -$1.02B | -$485M |
| Gross margin | 22.2% | 11.0% | 6.2% | 0.3% | -4.6% | — |
| Operating margin | 19.6% | 8.4% | 3.0% | -4.0% | -8.5% | -1.4% |
| Net margin | 14.6% | 5.8% | 1.8% | -4.0% | -7.9% | -2.4% |
| Revenue growth | +281.8% | +12.4% | -4.3% | -12.8% | -3.0% | — |
| Cash + short-term investments | $48.0M | $26.0M | $198M | $54.0M | $57.0M | — |
| Total debt | $5.24B | $4.25B | $3.14B | $7.07B | $7.25B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Sep 30, 2026) (CLF)
P/S 0.4x · EV/EBITDA 19.5x · EV/Sales 0.8x · P/B 1.3x · FCF yield -6.51% · Earnings yield -6.35% · Net debt $7.57B · EV $15.0B
P/E at fiscal year-ends: Dec 2023 27.1x.
Superinvestors (SEC 13F-HR, Q2 2026) (CLF)
2 of 80 tracked investors hold CLF. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Prem Watsa | Fairfax Financial Holdings | 5.30% | $140M | Unchanged |
| Mairs & Power | Mairs & Power Funds | <0.01% | $127K | Unchanged |
Analysts (CLF)
Consensus Hold (mean 3.00 on a 1–5 scale), 13 analysts; mean target USD 14.05 (low 12, high 18).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-22 | B. Riley Securities | Target raised | Buy | $15 → $18 |
| 2026-10-22 | Barclays | Target raised | Underweight | $11 → $12 |
| 2026-10-22 | JP Morgan | Target raised | Neutral | $12 → $13 |
| 2026-10-20 | Morgan Stanley | Target raised | Equal-Weight | $12.5 → $14 |
| 2026-10-20 | Wells Fargo | Target raised | Overweight | $14 → $17 |
| 2026-10-19 | Barclays | Target raised | Underweight | $10 → $11 |
| 2026-10-09 | JP Morgan | Target lowered | Neutral | $13 → $12 |
| 2026-10-06 | Wells Fargo | Upgrade | Equal-Weight → Overweight | $12 → $14 |
| 2026-09-21 | GLJ Research | Target raised | Buy | $15.6 → $17.48 |
| 2026-09-18 | GLJ Research | Reiterated | Buy | $15.6 |
| 2026-09-09 | JP Morgan | Target raised | Neutral | $11 → $13 |
| 2026-08-24 | Wells Fargo | Target raised | Equal-Weight | $11 → $12 |
Total return (dividends reinvested) (CLF)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -0.1% | -45.3% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -0.1% | -11.3% |
| Volatility (annualized) | 66.5% | 61.3% |
| Max drawdown | -48.2% (Jan 2026→Mar 2026) | -82.3% (Mar 2022→May 2025) |
Companies that name CLF in their SEC reports
| Relationship to CLF | Company | Filing | Sentence |
|---|---|---|---|
| supplier | SunCoke Energy, Inc. (SXC) | 10-K Feb 20, 2026 | “(2)Customers under long-term, take-or-pay agreements include Cleveland-Cliffs Steel Holding Corporation and Cleveland-Cliffs Steel LLC, both subsidiaries of Cleveland-Cliffs Inc. and collectively referred to as "Cliffs Steel", United States Steel Corporation ("U.S. Steel"), and Algoma Steel Inc. ("Algoma Steel").” |
CLF analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Dec 2026) | $0.42 | $0.17 | +150.5% | $5.66B | 7 |
| Next quarter (ends Mar 2027) | $0.46 | $0.27 | +67.1% | $5.64B | 6 |
| Current fiscal year (ends Dec 2026) | $0.06 | $-0.28 | -121.1% | $21.43B | 3 |
| Next fiscal year (ends Dec 2027) | $1.46 | $0.36 | +309.0% | $22.96B | 8 |
Key Statistics (as of October 23, 2026 at 09:27 UTC)
| Price | USD 13.05 |
|---|---|
| Change | ▼ 6.99% (down) |
| Previous Close | USD 13.05 |
| Open | USD 13.05 |
| Day Range | USD 13.02 – 13.9 |
| 52-Week Range | USD 7.73 – 15.35 |
| Volume | 34,972,401 shares |
| Market Cap | — |
| Exchange | NYQ |
Technical Analysis (CLF)
Nexqual's technical model rates CLF "STRONG BUY" based on 5 bullish and 0 bearish signals across 127 daily candles, as of October 23, 2026 at 09:27 UTC.
| Overall Signal | STRONG BUY |
|---|---|
| RSI (14) | 53.51 (neutral) |
| vs SMA50 | Above (USD 12.12) |
| MACD | 0.4 (positive) |
Analyst Ratings (CLF)
Wall Street analysts rate CLF "Hold" based on 13 analysts, with a mean price target of USD 14.05 (range USD 12–18), per Nexqual as of October 23, 2026 at 09:27 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 13 |
| Mean Target | USD 14.05 |
| High Target | USD 18 |
| Low Target | USD 12 |
| Buy / Hold / Sell | 2 / 10 / 1 |
Earnings (CLF)
| Next Earnings Date | 2026-10-19 |
|---|---|
| EPS Estimate | USD 0.42 |
| Revenue Estimate | $5.66B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-09-30 | USD 0.28 vs est 0.23 ▲ beat |
| 2026-06-30 | USD -0.2 vs est -0.22 ▲ beat |
| 2026-03-31 | USD -0.4 vs est -0.42 ▲ beat |
| 2025-12-31 | USD -0.43 vs est -0.62 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:27 UTC.
Financials & Fundamentals (CLF)
| Total Revenue | $20.07B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +18.50% |
| Gross Margin | +1.54% |
| Operating Margin | +6.70% |
| Profit Margin | -2.36% |
| ROE | -7.27% |
| Debt / Equity | 1.28 |
| Current Ratio | 1.87 |
| Total Cash | $77.00M |
| Total Debt | $7.66B |
Source: Nexqual, October 23, 2026 at 09:27 UTC.
Ownership (CLF)
| Insider Ownership | +0.86% |
|---|---|
| Institutional Ownership | +84.02% |
| Shares Outstanding | 570.54M |
| Float | 564.48M |
| Short % of Float | +13.89% |
Source: Nexqual, October 23, 2026 at 09:27 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| GGB | Gerdau S.A. | USD 5.07 | ▼ 3.24% |
| SIM | Grupo Simec, S.A.B. de C.V. | USD 25.82 | ▼ 2.57% |
| PKX | POSCO Holdings Inc. | USD 52.35 | ▼ 6.27% |
| RS | Reliance, Inc. | USD 417.92 | ▼ 0.75% |
| WS | Worthington Steel, Inc. | USD 40.47 | ▼ 0.88% |
| STLD | Steel Dynamics, Inc. | USD 239.9 | ▼ 3.25% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:27 UTC. This page is informational and not investment advice.
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