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Cleveland-Cliffs Inc. (CLF)

13.59 -0.31 (-2.27%)
As of 12:00:52 PM EDT. Market Open.
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14m ago
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Cleveland-Cliffs delivered a stronger third quarter, supported by higher steel prices, increased shipments, and lower unit costs. Management also raised its outlook, targeting approximately $715 million in fourth-quarter adjusted EBITDAand more than $4 billion in 2027 adjusted EBITDA, while leverage and steel-price volatility remain central risks.

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  • Previous Close 13.90
  • Open 13.80
  • Bid 13.49 x 200000
  • Ask 13.50 x 100000
  • Day's Range 13.23 - 13.82
  • 52 Week Range 7.73 - 15.35
  • Volume 6,540,804
  • Avg. Volume 18,592,389
  • Market Cap (intraday) 7.751B
  • Beta (5Y Monthly) 2.09
  • PE Ratio (TTM) --
  • EPS (TTM) -0.83
  • Earnings Date Oct 19, 2026
  • Forward Dividend & Yield -- (0.00%)
  • 1y Target Est 14.05
  • Zacks Rating Bullish

Cleveland-Cliffs Inc. operates as a steel producer in the United States and Canada. It offers hot-rolled, cold-rolled, and coated products, such as aluminized, electrogalvanized, and galvalume products, as well as galvanneal and hot-dipped galvanized products; stainless and electrical products, including GOES, NOES, and auto chrome; plate products; and slab and other steel products. The company also provides non- steelmaking products comprising stamped components, tool and die, and tubing; and scrap, iron ore, HBI, coal, and coke products. It also provides tubular components, including carbon steel, stainless steel, and electric resistance welded tubing products. In addition, the company is involved in the mining of iron ore; production of pellets and direct reduced iron; and processing of ferrous scrap through primary steelmaking and downstream finishing, stamping, tooling, and tubing. It serves direct automotive, infrastructure and manufacturing, distributors and converters, and steel producers. The company was formerly known as Cliffs Natural Resources Inc. and changed its name to Cleveland-Cliffs Inc. in August 2017. Cleveland-Cliffs Inc. was founded in 1847 and is headquartered in Cleveland, Ohio.

www.clevelandcliffs.com

25,000

Full Time Employees

December 31

Fiscal Year Ends

Steel

Industry

Recent News

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Performance Overview

Trailing total returns as of 10/28/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

CLF
2.22%
S&P 500 (^GSPC)
13.06%

1-Year Return

CLF
3.66%
S&P 500 (^GSPC)
12.32%

3-Year Return

CLF
15.37%
S&P 500 (^GSPC)
87.97%

5-Year Return

CLF
44.48%
S&P 500 (^GSPC)
68.38%

Earnings Trends

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q3 FY26
Revenue 5.61B
Earnings 152M
Profit Margin 2.71%

Q4

FY25

Q1

FY26

Q2

FY26

Q3

FY26

0
2B
4B
-4.0%
-2.0%
0.0%
2.0%

Analyst Insights

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Analyst Price Targets

12.00 Low
14.05 Average
13.59 Current
18.00 High

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell

Latest Rating

Date 10/22/2026
Analyst B. Riley Securities
Rating Action Maintains
Rating Buy
Price Action Raises
Price Target 15 -> 18

Statistics

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Valuation Measures

Annual
  • Market Cap

  • Enterprise Value

  • Trailing P/E

  • Forward P/E

  • PEG Ratio (current)

  • Price/Sales (ttm)

  • Price/Book (mrq)

  • Enterprise Value/Revenue

  • Enterprise Value/EBITDA

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    -2.36%

  • Return on Assets (ttm)

    -0.10%

  • Return on Equity (ttm)

    -7.27%

  • Revenue (ttm)

    20.07B

  • Net Income Avi to Common (ttm)

    -464M

  • Diluted EPS (ttm)

    -0.83

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    77M

  • Total Debt/Equity (mrq)

    128.46%

  • Levered Free Cash Flow (ttm)

    220.25M

Company Insights

Research Reports

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