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Cleveland-Cliffs (CLF) Stock Price & Analysis
CLF Stock Chart & Stats
- Day’s Range
- $11.35 - $11.96
- 52-Week Range
- $7.73 - $15.35
- Previous Close
- $11.27
- Volume
- N/A
- Average Volume (3M)
- 23.69M
- Market Cap
- $6.54B
- Enterprise Value
- $14.17B
- Total Cash (Recent Filing)
- $77.00M
- Total Debt (Recent Filing)
- $7.64B
- Price to Earnings (P/E)
- ―
- Beta
- 2.18
- Next Earnings
- Feb 15, 2027 (Est.)
- EPS Estimate
- 0.38
- Last Dividend Ex-Date
- Apr 02, 2020
- Dividend Yield
- N/A
Bulls Say, Bears Say
Bulls Say
Vertical Integration
Vertical integration gives Cleveland-Cliffs internal access to key iron ore inputs, reducing exposure to third-party raw-material costs and supporting supply stability. This structure can protect downstream production economics and reinforce competitiveness across steel-market cycles.
Contracted Revenue Visibility
Strong customer renewal activity and growing acceptance of take-or-pay minimums can improve volume visibility and reduce dependence on spot-market sales. Index-based pricing and higher commitments should provide a more durable foundation for earnings through 2027.
Capacity And Product Expansion
New electrical-steel capacity and expanded galvanized offerings broaden Cleveland-Cliffs' product mix and deepen its position with automotive and specialty customers. These projects can create longer-term growth opportunities while improving participation in higher-value applications.
Bears Say
Weak Profitability
Very thin margins and continued net losses show that current revenue levels are not converting into durable earnings power. This leaves results highly sensitive to steel prices, costs, utilization, and end-market demand, limiting financial resilience during weaker cycles.
Elevated Leverage
Debt materially exceeds the equity base, reducing flexibility for a cyclical producer whose profitability is already under pressure. Elevated leverage can constrain investment and capital allocation, while requiring future operating improvement or asset-sale proceeds to support meaningful deleveraging.
Negative Free Cash Flow
Negative free cash flow indicates that the business is not currently generating sufficient cash after investment needs to support consistent debt reduction. Although operating cash flow has turned positive, it remains modest relative to the company's scale and obligations.
Cleveland-Cliffs News
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Cleveland-Cliffs Stock Smart Score
Company Description
Cleveland-Cliffs
Cleveland-Cliffs Inc. stands as a prominent North American manufacturer specializing in flat-rolled steel. The company's diverse product portfolio encompasses a wide array of carbon steel forms, including hot-rolled, cold-rolled, electrogalvanized, hot-dip galvanized, hot-dip galvannealed, aluminized, enameling, and advanced high-strength steel. Additionally, they supply stainless steel, various steel plates, and specialized electrical steels (both grain-oriented and non-oriented). Beyond these core offerings, Cleveland-Cliffs produces tubular components, fabricated from carbon steel, stainless steel, and via electric resistance welding. Their tinplate division manufactures electrolytic tin-coated and chrome-coated sheets, alongside other tin mill products. The company also provides essential raw materials, ingots, rolled and cast blooms, hot-briquetted iron, and services like tooling and sampling. A key aspect of its operations is vertical integration, as the company owns and manages five iron ore mines located in Minnesota and Michigan. Cleveland-Cliffs serves a broad customer base, including the automotive industry, infrastructure and general manufacturing sectors, distributors, converters, and other steel producers. Founded in 1847, the company is headquartered in Cleveland, Ohio, and officially adopted the name Cleveland-Cliffs Inc. in August 2017, having previously been known as Cliffs Natural Resources Inc.
- Sector
- Basicmaterials
- Industry
- Steel
- CEO
- C. Lourenco Goncalves
- Employees
- 25,000
- Website
- www.clevelandcliffs.com
- Address
- 200 Public Square, Cleveland, OH, 44114-2315, US
Cleveland-Cliffs (CLF) Earnings & Revenues
CLF Company Deck
CLF Earnings Call
Earnings Call SentimentPositive
The call was strongly optimistic, with Q3 adjusted EBITDA more than doubling sequentially, improving prices and costs, strong contract renewals, supportive U.S. trade conditions, a favorable 2027 outlook, and a stated path to substantial debt reduction. The main challenges were Stelco's exposed galvanized-steel business and temporary layoffs, the still-idled Dearborn furnace, higher expected Q4 costs, working-capital use, delayed asset-sale closings, and unresolved labor negotiations. The positive operational, commercial, and financial developments significantly outweighed the disclosed challenges.
View all CLF earnings summariesCLF Net sales Breakdown
- 97.36% Steelmaking
- 2.64% Other Businesses
CLF Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 6 | 3 | 13 |
| Technical Analysis | 5 | 3 | 2 |
| Moving Averages | 1 | 0 | 11 |












