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Cleveland-Cliffs Inc. (CLF)

12.50 +0.22 (+1.79%)
At close: September 4 at 4:00:02 PM EDT
12.46 -0.04 (-0.34%)
After hours: September 4 at 7:57:18 PM EDT
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What's happening with CLF?

31m ago
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Cleveland-Cliffs (CLF) is navigating mixed market performance, recently closing at $12.28while preparing for a $1 billionmodernization of its Middletown Works facility. Analysts are projecting significant earnings growth, but the stock's recent underperformance raises questions about its future trajectory and valuation.

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  • Previous Close 12.28
  • Open 12.20
  • Bid 12.41 x 350000
  • Ask 12.48 x 150000
  • Day's Range 12.16 - 12.50
  • 52 Week Range 7.73 - 16.70
  • Volume 7,482,720
  • Avg. Volume 20,417,833
  • Market Cap (intraday) 7.132B
  • Beta (5Y Monthly) 2.11
  • PE Ratio (TTM) --
  • EPS (TTM) -1.60
  • Earnings Date (est.) Oct 19, 2026
  • Forward Dividend & Yield --
  • Ex-Dividend Date Apr 2, 2020
  • 1y Target Est 11.90

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 9/4/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

CLF
5.87%
S&P 500 (^GSPC)
12.75%

1-Year Return

CLF
18.82%
S&P 500 (^GSPC)
18.71%

3-Year Return

CLF
19.41%
S&P 500 (^GSPC)
70.93%

5-Year Return

CLF
47.72%
S&P 500 (^GSPC)
70.18%

Earnings Trends

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q2 FY26
Revenue 5.23B
Earnings -145M
Profit Margin -2.77%

Q3

FY25

Q4

FY25

Q1

FY26

Q2

FY26

0
1B
2B
3B
4B
5B
-5.0%
-4.0%
-3.0%

Analyst Insights

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Analyst Price Targets

10.00 Low
11.90 Average
12.50 Current
15.00 High

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell

Latest Rating

Date 8/24/2026
Analyst Wells Fargo
Rating Action Maintains
Rating Equal-Weight
Price Action Raises
Price Target 11 -> 12

Statistics

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Valuation Measures

Annual
  • Market Cap

  • Enterprise Value

  • Trailing P/E

  • Forward P/E

  • PEG Ratio (5yr expected)

  • Price/Sales (ttm)

  • Price/Book (mrq)

  • Enterprise Value/Revenue

  • Enterprise Value/EBITDA

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    -4.56%

  • Return on Assets (ttm)

    -1.71%

  • Return on Equity (ttm)

    -13.86%

  • Revenue (ttm)

    19.2B

  • Net Income Avi to Common (ttm)

    -866M

  • Diluted EPS (ttm)

    -1.60

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    70M

  • Total Debt/Equity (mrq)

    132.74%

  • Levered Free Cash Flow (ttm)

    6.12M

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