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CLF

Cleveland-Cliffs Inc.

CLF

NYSE·Basic Materials·Steel·Mkt cap $6.7B

$11.62

-1.78%

P/E

-8.18

Mkt Cap

$6.7B

52-Wk Range

$7.73–$16.70

52-Week Range

$7.73 - $16.70

P/E

-8.18

Fwd P/E

-59.17

Beta

2.12

Div Yield

0.00%

Avg Vol

20.5M

Shares Out

570.4M

Mkt Cap

$6.7B

Price action

Price chart

Up 9.6% over the trailing year

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

4 reasons

  • Vertical Integration with captive iron ore mines reducing production costs
  • Comprehensive product portfolio serving diverse end-markets
  • Strategic geographic locations in the Great Lakes region near major customers
  • Advanced manufacturing capabilities in high-strength and specialty steels

Bear Case

1 risk

  • High volatility (beta 2.1). Larger-than-normal price swings expected.

Growth

Moderate growth ahead

Increased infrastructure spending and domestic steel demand

Value

Deep value opportunity - significant discount to Steel & Aluminum peers

Momentum

Weak

-7.8% over 3m

Quality

Loss-making

Solid business

Dividend

None

No dividend

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Oct 19, 2026

Q3 26 RECAP

JUL 23, 2026

Reported EPS of -$0.20 vs -$0.21 consensus (+4.0% surprise). Revenue of $5.2B vs $5.1B expected (+1.6%). Beat on both top and bottom lines.

EPS beat +4.0%
Rev beat +1.6%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Estimate

Actual

Q3 26

+4.0%

Revenue trend · last 8Q

-3%

+4%

-0%

+6%

+6%

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

Q2 26

$4.6B

$4.3B

$4.6B

$4.9B

$4.7B

$4.3B

$4.9B

$5.2B

Margins · last 8Q

Gross

0.0%

Operating

0.0%

Profit

-2.8%

Wall Street consensus

7 analysts · 57% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

4

57%

Hold

2

29%

Sell

1

14%

Median Price Target

Latest: Barclays · Jul 24, 2026

vs Industry

How CLF stacks vs Steel

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.