Cleveland-Cliffs (NYSE:CLF) Raised to Buy at Wall Street Zen

26 Oct 2026, 05:37 by Danessa Lincoln · The Markets Daily

Cleveland-Cliffs (NYSE:CLF – Get Free Report) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday, Wall Street Zen reports.

Several other brokerages have also issued reports on CLF. Glj Research lifted their target price on shares of Cleveland-Cliffs from $15.60 to $17.48 and gave the company a “buy” rating in a research report on Monday, September 21st. UBS Group set a $13.00 target price on shares of Cleveland-Cliffs in a research note on Monday, September 7th. Citigroup restated a “positive” rating on shares of Cleveland-Cliffs in a research report on Friday, July 24th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cleveland-Cliffs in a research note on Monday, October 19th. Finally, Bank of America decreased their price target on shares of Cleveland-Cliffs from $14.00 to $11.50 and set a “neutral” rating on the stock in a research note on Thursday, July 9th. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $13.82.

Check Out Our Latest Analysis on CLF

Cleveland-Cliffs Trading Up 0.1%

Shares of NYSE:CLF opened at $13.91 on Friday. The business’s 50 day moving average price is $12.17 and its 200-day moving average price is $11.44. Cleveland-Cliffs has a 1 year low of $7.73 and a 1 year high of $15.35. The firm has a market capitalization of $7.94 billion, a price-to-earnings ratio of -16.37, a price-to-earnings-growth ratio of 5.29 and a beta of 2.09. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.87 and a quick ratio of 0.64.

Cleveland-Cliffs (NYSE:CLF – Get Free Report) last issued its quarterly earnings results on Monday, October 19th. The mining company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.24 by $0.04. The company had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.69 billion. Cleveland-Cliffs had a negative net margin of 2.36% and a negative return on equity of 6.83%. The firm’s revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.51) EPS. On average, equities research analysts forecast that Cleveland-Cliffs will post 0.12 earnings per share for the current fiscal year.

Insider Buying and Selling at Cleveland-Cliffs

In related news, Director Edilson Camara bought 7,400 shares of the company’s stock in a transaction that occurred on Thursday, October 22nd. The stock was purchased at an average price of $13.49 per share, for a total transaction of $99,826.00. Following the acquisition, the director owned 64,717 shares of the company’s stock, valued at approximately $873,032.33. This trade represents a 12.91% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.95% of the company’s stock.

Institutional Trading of Cleveland-Cliffs

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Center for Financial Planning Inc. boosted its position in shares of Cleveland-Cliffs by 119.0% during the first quarter. Center for Financial Planning Inc. now owns 3,322 shares of the mining company’s stock worth $28,000 after buying an additional 1,805 shares during the period. Johnson Financial Group Inc. acquired a new stake in shares of Cleveland-Cliffs in the second quarter valued at $30,000. Fortitude Family Office LLC raised its holdings in shares of Cleveland-Cliffs by 245.2% in the 3rd quarter. Fortitude Family Office LLC now owns 2,831 shares of the mining company’s stock valued at $31,000 after buying an additional 2,011 shares during the period. IFP Advisors Inc raised its holdings in shares of Cleveland-Cliffs by 39.5% in the 2nd quarter. IFP Advisors Inc now owns 5,127 shares of the mining company’s stock valued at $48,000 after buying an additional 1,453 shares during the period. Finally, Global Retirement Partners LLC purchased a new stake in shares of Cleveland-Cliffs in the 2nd quarter valued at $72,000. Hedge funds and other institutional investors own 67.68% of the company’s stock.

Trending Headlines about Cleveland-Cliffs

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

Positive Sentiment: Cleveland-Cliffs’ quarterly earnings exceeded Wall Street expectations, while analysts cited steadier automotive steel demand as a supportive factor for the company’s outlook. Cleveland-Cliffs Surges After Earnings Beat as Auto Steel Demand Steadies
Positive Sentiment: The stock is leading a broader rally among U.S. steelmakers, suggesting improving sentiment toward domestic steel producers even as a global steel fund declined. Cleveland-Cliffs Surges While Steel Fund Slips
Positive Sentiment: A Cleveland-Cliffs director purchased 7,400 shares for nearly $100,000, increasing his direct ownership by about 13%. The insider buying may signal confidence in the company’s valuation and prospects. SEC Insider Transaction Filing
Positive Sentiment: The consensus price target reportedly increased 10.73% to $14.38, reflecting somewhat improved expectations following the recent results. Cleveland-Cliffs Consensus Price Target Increased
Neutral Sentiment: Analyst views remain mixed. JPMorgan raised its target to $13 but maintained a neutral rating, indicating limited upside at recent levels, while other analysts appear more constructive. JPMorgan Cleveland-Cliffs Rating
Negative Sentiment: Canada has given Cleveland-Cliffs 15 days to reverse planned layoffs at its Stelco Ontario facility or potentially face sanctions, including a forced divestiture. The dispute creates regulatory, labor and operational uncertainty. Canada Gives Cleveland-Cliffs 15 Days to Reverse Planned Job Cuts

Cleveland-Cliffs Company Profile

(Get Free Report)

Cleveland-Cliffs Inc is an integrated North American steel producer headquartered in Cleveland, Ohio. The company operates across the steelmaking value chain, from mining and processing iron ore to producing and distributing finished steel products. Its operations include iron ore mines and pelletizing facilities, steel mills, finishing plants, and related manufacturing and distribution assets.