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CLF

Cleveland-Cliffs Inc.

CLF

NYSE·Basic Materials·Steel·Mkt cap $5.4B

$9.86

+4.67%

View full research view

Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

View research view

52-Week Range

$7.73 - $16.70

P/E

-4.13

Fwd P/E

-24.16

Beta

2.09

Div Yield

0.00%

Avg Vol

17.8M

Shares Out

570.4M

Mkt Cap

$5.4B

Price action

Price chart

Up 7.5% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

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

Strong

+12.1% over 3m

Quality

Loss-making

Solid business

Dividend

None

No dividend

Earnings track record

Recent earnings results

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

Next: Jul 20, 2026

LATEST RECAP

Earnings recap unavailable for this period.

EPS surprise · last 4Q

Q1 26

-$0.42

Q4 25

-$0.49

Q3 25

-$0.51

Q2 25

-$0.97

Next: Jul 20, 2026

Revenue trend · last 8Q

-3%

+4%

-0%

+6%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$5.1B

$4.6B

$4.3B

$4.6B

$4.9B

$4.7B

$4.3B

$4.9B

Margins · last 8Q

Gross

-1.7%

Operating

-4.2%

Profit

-4.8%

Wall Street consensus

5 analysts · 20% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

1

20%

Hold

4

80%

Sell

0%

Median Price Target

$10.00

+1.4% vs $9.86

Low $9.00
Median $10.00
High $12.00

Latest: GLJ · Jun 9, 2026

3 analysts covering

vs Industry

How CLF stacks vs Steel

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

Industry comparison data unavailable for this stock.