Cleveland-Cliffs Inc. (NYSE:CLF) Given Consensus Rating of “Reduce” by Brokerages

Shares of Cleveland-Cliffs Inc. (NYSE:CLF) have been given a consensus recommendation of “Reduce” by the eleven brokerages that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $11.5010.

CLF has been the subject of a number of research reports. Glj Research upgraded Cleveland-Cliffs from a “sell” rating to a “hold” rating and increased their price objective for the stock from $9.03 to $15.01 in a report on Tuesday, June 9th. JPMorgan Chase & Co. cut their target price on Cleveland-Cliffs from $13.00 to $10.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 15th. Bank of America reduced their price target on Cleveland-Cliffs from $14.00 to $11.50 and set a “neutral” rating for the company in a research report on Thursday, July 9th. Barclays began coverage on shares of Cleveland-Cliffs in a report on Thursday, May 21st. They issued an “underweight” rating and a $9.00 price objective on the stock. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $12.50 price objective (up from $12.00) on shares of Cleveland-Cliffs in a research report on Monday, June 22nd.

Cleveland-Cliffs Price Performance

Shares of NYSE CLF opened at $11.03 on Friday. The company has a fifty day moving average price of $11.26 and a 200 day moving average price of $11.02. The firm has a market cap of $6.29 billion, a PE ratio of -4.72 and a beta of 2.13. The company has a current ratio of 2.02, a quick ratio of 0.64 and a debt-to-equity ratio of 1.29. Cleveland-Cliffs has a 1-year low of $7.73 and a 1-year high of $16.70.

Cleveland-Cliffs (NYSE:CLF) last released its quarterly earnings results on Thursday, July 23rd. The mining company reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.01. The firm had revenue of $5.23 billion for the quarter, compared to the consensus estimate of $5.15 billion. Cleveland-Cliffs had a negative return on equity of 15.48% and a negative net margin of 6.42%.The company’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the business posted ($0.50) EPS. Research analysts predict that Cleveland-Cliffs will post -0.15 earnings per share for the current fiscal year.

Cleveland-Cliffs News Summary

Here are the key news stories impacting Cleveland-Cliffs this week:

• Positive Sentiment: Cleveland-Cliffs reported Q2 EPS of -$0.20, slightly better than analysts expected, and revenue of $5.23 billion, also above estimates, signaling a modest earnings beat. Cleveland-Cliffs Inc (CLF) Q2 2026 Earnings Call Highlights
• Positive Sentiment: Management said EBITDA tripled from the prior quarter and the company returned to positive free cash flow, which investors typically view as a sign of improving operating momentum. Cleveland-Cliffs Inc (CLF) Q2 2026 Earnings Call Highlights
• Positive Sentiment: The company issued a stronger third-quarter forecast, and the CEO said the “progression we have been forecasting is now reality,” reinforcing optimism about a stronger second half. CLF Stock Posts Biggest Gain Of 2026 After CEO Forecasts Strongest Second-Half Performance Since 2021
• Positive Sentiment: B. Riley Securities reiterated a Buy rating, adding analyst support to the post-earnings rally. Cleveland-Cliffs (CLF) Receives a Buy from B. Riley Securities
• Neutral Sentiment: The company also announced a leadership change, promoting CFO Celso Goncalves to President and CFO and adding him to the board, which is mainly an internal governance update. Cleveland-Cliffs Announces Promotion of Chief Financial Officer Celso Goncalves
• Negative Sentiment: Despite the beat, Cleveland-Cliffs still posted a net loss and negative margins, reminding investors that profitability remains a work in progress. Cleveland-Cliffs Reports Second-Quarter 2026 Results

Insider Transactions at Cleveland-Cliffs

In other Cleveland-Cliffs news, EVP Celso L. Goncalves, Jr. sold 214,308 shares of Cleveland-Cliffs stock in a transaction on Friday, June 5th. The shares were sold at an average price of $13.41, for a total value of $2,873,870.28. Following the sale, the executive vice president directly owned 184,542 shares in the company, valued at approximately $2,474,708.22. The trade was a 53.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.95% of the company’s stock.

Hedge Funds Weigh In On Cleveland-Cliffs

Several hedge funds have recently modified their holdings of the stock. Phocas Financial Corp. raised its holdings in Cleveland-Cliffs by 47.0% during the fourth quarter. Phocas Financial Corp. now owns 474,862 shares of the mining company’s stock worth $6,306,000 after acquiring an additional 151,868 shares in the last quarter. Vanguard Group Inc. grew its stake in Cleveland-Cliffs by 13.4% in the fourth quarter. Vanguard Group Inc. now owns 54,391,397 shares of the mining company’s stock valued at $722,318,000 after purchasing an additional 6,447,462 shares in the last quarter. Havemeyer Place LP bought a new position in Cleveland-Cliffs in the fourth quarter valued at approximately $1,331,000. Hsbc Holdings PLC increased its position in shares of Cleveland-Cliffs by 1,059.4% during the 4th quarter. Hsbc Holdings PLC now owns 318,247 shares of the mining company’s stock worth $4,214,000 after purchasing an additional 290,797 shares during the last quarter. Finally, Friedenthal Financial acquired a new position in shares of Cleveland-Cliffs during the 4th quarter worth approximately $1,019,000. Institutional investors own 67.68% of the company’s stock.

Cleveland-Cliffs Company Profile

Cleveland-Cliffs Inc is a leading North American producer of iron ore pellets and flat-rolled steel products. Tracing its roots to 1847, the company has evolved from an iron-ore mining concern in the Great Lakes region into a fully integrated steelmaker. Today, Cleveland-Cliffs operates iron ore mining complexes in Michigan and Minnesota as well as steelmaking and finishing facilities across the United States.

The company’s integrated platform begins with direct control of key raw materials, including iron ore and scrap, and extends through every stage of steel production.