Insider buying last 90 days
No open-market insider purchases were filed for CLF in the last 90 days.
From Form 4 filings, dated to when each was filed.
Every CLF insider filing, plotted on the chart in Gekko.Open CLF in Gekko
NYSE: CLF
Cleveland-Cliffs (CLF) Stock Analysis & Forecast
Sep 28 close
$11.22−0.96 (−7.9%)
Gekko Brief
AI summaryCleveland-Cliffs shares dropped this week on concerns over weak margins, high debt, and softening steel demand, with the stock closing near $11.22 after breaking down from the $12.50–$13 range. Adding to the pressure, reports emerged that the company plans to idle cold-rolled and coated operations at its Stelco subsidiary's Hamilton Works plant in Ontario, affecting up to 500 workers, a move the company attributes to U.S. tariffs of up to 50% on Canadian steel and aluminum imports. Separately, a fatality was reported at the company's Monessen Coke Works plant, and the broader selloff in the name has outpaced peers Nucor and Steel Dynamics.
The stock closed at $11.22, down 7.9% on the day, sitting between its 50-day average of $11.78 and 200-day average of $11.42, a mixed trend picture. The GekkoIndex reads 63.2, placing the stock in the Accumulation zone. Price sits 33.3% below Gekko Fair Value of $16.83, a notable gap.
Cleveland-Cliffs next reports earnings on 19 October 2026, before the open, which falls within the next 20 trading days and inside a typical holding window; the prior quarter saw a 26.2% reaction. No insider, Congress, or unusual options activity appears in their respective 90-day and 30-day windows, though 2 billionaire holders and 3 trailblazer holders are noted. Seasonality over the past 5 years shows an average 20-trading-day return of 11.5% from this point in the calendar, positive in 5 of 5 years. Analyst consensus stands at 2 buy, 10 hold, and 1 sell ratings, with a consensus target of $12.30.
Written by AI and checked automatically against the figures on this page. Generated Sep 29, 2026 from the data above.
Cleveland-Cliffs price vs fair value
Close $11.22200-day averageGekko Fair Value $16.83
Cleveland-Cliffs quick facts
- Market cap
- $6.40B
- P/E ratio
- —
- Forward P/E
- 16
- EPS, TTM
- −$1.57
- Revenue, TTM
- $19.20B
- Profit margin
- -4.6%
- Dividend yield
- —
- Beta
- 2.11
- Volume
- 26.44M avg 13.60M
- 1-year return
- −7.0%
- Typical daily move
- ±5.3%
- Typical 20-day move
- ±11.2%
- 50-day average
- $11.78
- 200-day average
- $11.42
- Next earnings
- Oct 19 before open
- Shares outstanding
- 570.5M
Cleveland-Cliffs swing-trade checklist
Cleveland-Cliffs scores 3 supportive, 1 mixed and 1 headwind across the 5 checklist items with data.
Six things swing traders check before a 20-day hold, read from the latest data.
3 supportive1 mixed1 headwind
- Trendmixed
Averages disagree
Close $11.22 sits between the 50-day ($11.78) and 200-day ($11.42) averages, or the averages disagree.
See the chart - GekkoIndexsupportive
63.2, Accumulation
Reading 63.2 is in the Accumulation zone.
See the GekkoIndex - Fair valuesupportive
33.3% below
Price is 33.3% below Gekko Fair Value (more than 5% below).
See fair value - Smart moneyno data
No data
No insider, Congress or unusual options activity in the window.
See smart money - Earnings riskheadwind
Reports in 20 days
Reports on Oct 19, 2026, 20 days away — inside a typical 20-trading-day hold.
See earnings - Seasonalitysupportive
+11.5% on average
From this point in the calendar, the next 20 trading days averaged +11.5% over 5 years, rising in 5 of them.
See seasonality
A description of current data, not a recommendation. How this page works
Cleveland-Cliffs stock chart and price history
Cleveland-Cliffs closed at $11.22 on Sep 28, 2026, −7.0% over the past year, inside a 52-week range of $7.73 to $16.70.
Close50-day average200-day averageVolume
Use the left and right arrow keys to read daily values.
Performance Breakdown
- 1 month
- −5.2%
- 3 months
- +19.6%
- 6 months
- +38.3%
- 1 year
- −7.0%
The full CLF chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open CLF in Gekko
Follow Cleveland-Cliffs through every session
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Cleveland-Cliffs GekkoIndex: the smart money zone
Cleveland-Cliffs’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 63.2, in the Accumulation zone, up 7.2 points over five sessions.
63.2Accumulation
Up 7.2 points over five sessions, from the Neutral zone.
Reading for Sep 28, 2026
What followed past readings in each zone
| Zone | Readings | 5 days | 20 days | ||
|---|---|---|---|---|---|
| Buying | 82 | +0.6% | +6.4% | ||
| Accumulation (current zone) | 199 | 0.0% | −0.6% | ||
| Neutral | 356 | +0.2% | −0.4% | ||
| Distribution | 28 | −1.5% | −8.5% | ||
| Selling | 7 | Too few readings yet | |||
Average CLF share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Accumulation readings averaged +2.3% over 20 days. Past behaviour doesn’t guarantee future results.
Accumulation zone: Institutional interest building. About the five zones →
See every daily GekkoIndex reading plotted over the CLF price, zone by zone.Track CLF in Gekko
Is Cleveland-Cliffs stock overvalued? Gekko Fair Value
Cleveland-Cliffs trades 33.3% below Gekko Fair Value of $16.83, so the shares are undervalued on Gekko’s estimate.
Gekko’s own estimate of what Cleveland-Cliffs shares are worth, recalculated every trading day.
$16.83
Gekko Fair Value, Sep 29, 2026
33.3% Undervalued
Gekko Fair Value on every chart, with the gap to price updating daily.Open CLF in Gekko
Cleveland-Cliffs insider and Congress trading
No open-market insider purchases were filed for Cleveland-Cliffs, and no Congress trades were disclosed, in the last 90 days.
Plus buybacks, unusual options and fund positions, each dated to when it became public.
Congress trades last 90 days
No trades in CLF were disclosed by members of Congress in the last 90 days.
From congressional disclosures, which report amounts as ranges.
Congress disclosures for CLF, plotted on the chart in Gekko.Open CLF in Gekko
Buybacks
Cleveland-Cliffs has been buying back its own shares.
- Bought back, quarter ended Jun 30, 2024
- $125.0M
- As a share of market cap
- 1.95%
From company filings.
Hedge funds and billionaires quarter ended Jun 30
5of the funds Gekko tracks hold CLF.
2added2opened1trimmed0sold out
Which funds are on each side, name by name.Unlock in Gekko
Cleveland-Cliffs earnings: next date and track record
Cleveland-Cliffs reports on Oct 19, 2026, before the open (20 days away), and beat the EPS estimate in 5 of its last 8 reports.
Next earnings report
Oct 19, 2026
Expected before the open, 20 days away
- EPS estimate
- $0.22
- Revenue estimate
- $5.70B
5 of 8reports beat the EPS estimate
±13.2%average move across the report
3 of 8reports followed by a gain
Share-price move across each report
Last earnings call, Jul 23, 2026 AI summary
- What they said
- Cleveland-Cliffs reported strong sequential improvement in Q2 2026, returning to positive free cash flow and tripling adjusted EBITDA from Q1 to $286 million — the best quarter in two years. Management highlighted improving pricing (notably linked to HRC and cold-rolled coil), a richer automotive-heavy product mix, and operational improvements (maintenance outages largely behind them, production scheduling optimization via Palantir, and expected efficiency gains from specific equipment projects). Management provided explicit Q3 adjusted EBITDA guidance of $575 million and expects Q3 shipments above 4.3 million tons, with average selling price rising another ~$55/ton in Q3. They expect Q4 to outperform Q3 and continued improvements into 2027 driven by contract resets, higher prices, lower costs, and higher shipping volumes. Capital allocation priorities include debt paydown (leverage target around low-2x within ~12 months) and potential asset sales to accelerate deleveraging. Management emphasized North American integrated steel demand (especially automotive) and credited trade policy enforcement for removing import-based ‘‘escape valves.’'
- Guidance
- Q3 adjusted EBITDA guidance: $575 million; Q3 steel shipments expected >4.3 million tons; Q3 average selling price expected to increase ~$55/ton (after Q2 increase of $76/ton); expect $10/ton unit cost reduction in Q3; management expects Q4 adjusted EBITDA to outperform Q3; path to reduce leverage to ~2.x (low-2x) within ~12 months. (No explicit numeric FY2026 or FY2027 revenue/EBIT guidance provided beyond the quarter and directional commentary.)
- Risks flagged
- Risks mentioned include exposure to contract-renewal timing and pricing realization (lag effects), potential working capital reversals as prices rise, Canadian market and product mix uncertainty (galvanized vs. hot-rolled), operational execution risk around restarts and maintenance (e.g., blast furnace relines), and dependence on macro/policy environment (trade policy and political decisions affect imports and reshoring dynamics). Management also noted potential employment/footprint impacts if they change Canadian production mix.
| Reported | EPS | Revenue | Move |
|---|---|---|---|
| Jul 23, 2026 | −$0.20 est −$0.21 | $5.23B est $5.15B | +26.2% |
| Apr 20, 2026 | −$0.42 est −$0.44 | $4.92B est $4.81B | −8.1% |
| Feb 9, 2026 | −$0.43 est −$0.62 | $4.31B est $4.57B | −16.7% |
| Oct 20, 2025 | −$0.45 est −$0.48 | $4.73B est $4.66B | +0.5% |
| Jul 21, 2025 | −$0.50 est −$0.68 | $4.93B est $4.90B | +19.4% |
| May 7, 2025 | −$0.92 est −$0.83 | $4.63B est $4.63B | −17.0% |
| Feb 24, 2025 | −$0.68 est −$0.67 | $4.33B est $4.46B | −4.9% |
| Nov 4, 2024 | −$0.33 est −$0.30 | $4.57B est $4.77B | −12.5% |
“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.
Cleveland-Cliffs stock forecast and analyst price targets
Analysts’ average 12-month price target for Cleveland-Cliffs is $12.30, +9.6% from the last close, from 13 firms rating the stock in the last 90 days.
$12.30consensus 12-month target, +9.6% from the last close
Now $11.22Avg $12.30
Low $10High $17.48
Each firm’s latest rating in the last 90 days: 13 firms.
Latest analyst actions
| Date | Firm | Target | vs price |
|---|---|---|---|
| Sep 25 | Morgan Stanley | $12.50 | +11.4% |
| Sep 25 | Morgan Stanley | $12.50 | +11.4% |
| Sep 21 | GLJ Research | $17.48 | +55.8% |
| Sep 9 | J.P. Morgan | $13 | +15.9% |
| Sep 6 | Bank of America Securities | $13 | +15.9% |
−0.6%average 20-day move after past Accumulation readings
+11.5%average move over the next 20 trading days in the last 5 years
±5.3%typical daily move, from the 14-day average range
Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.
Cleveland-Cliffs seasonality: the next 20 trading days
Over the next 20 trading days from Sep 26, Cleveland-Cliffs averaged +11.5% across the last 5 years, rising in 5 of them.
Next 20 trading days, by year
Average move and hit rate
| Window | Average | Years higher |
|---|---|---|
| Next 5 trading days | +3.5% | 4 of 5 |
| Next 10 trading days | +7.7% | 5 of 5 |
| Next 15 trading days | +7.0% | 5 of 5 |
| Next 20 trading days | +11.5% | 5 of 5 |
| Next 30 trading days | +5.9% | 4 of 5 |
For scale, CLF’s typical 20-trading-day move in either direction is about 11.2%.
Cleveland-Cliffs market cap and key statistics
Cleveland-Cliffs’s market cap is $6.40B and revenue of $19.20B over the last twelve months.
Valuation
- Market cap
- $6.40B
- Forward P/E
- 16
- EPS, TTM
- −$1.57
- Gekko Fair Value
- $16.83
Trading
- Volume
- 26.44M
- Avg volume, 20 days
- 13.60M
- 52-week high
- $16.70
- 52-week low
- $7.73
- Shares outstanding
- 570.5M
Financials
- Revenue, TTM
- $19.20B
- Profit margin
- -4.6%
- Return on equity
- -13.9%
- Quarterly earnings growth, YoY
- −99.4%
Risk and income
- Beta
- 2.11
- Typical daily move
- ±5.3%
- Typical 20-day move
- ±11.2%
Cleveland-Cliffs stock news this week
Coverage of Cleveland-Cliffs this week reads negative: 5 positive, 1 neutral and 10 negative headlines.
- CLF Stock Slides As Traders Focus On Weak MarginsTimothy Sykes, Sep 28
- CLF Stock Slides As Traders Eye Debt, Margins And Key SupportStocksToTrade, Sep 28
- Cleveland-Cliffs to idle output at Canada steel plant, blames tariffs, says CBCReuters, Sep 28
- Cleveland-Cliffs slides as report shows Stelco idling plant over US tariffsInvesting.com, Sep 28
- Why Cleveland-Cliffs (CLF) Dipped More Than Broader Market TodayZacks Investment Research, Sep 28
- Is Cleveland-Cliffs Inc (CLF) a Bargain After 7.9% Drop? GF Value Says UndervaluedGuruFocus, Sep 28
Cleveland-Cliffs peers
Cleveland-Cliffs’s 6 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.
| Stock | GekkoIndex zone | vs Fair Value |
|---|---|---|
| NUENucor | Accumulation | 10.6% above |
| STLDSteel Dynamics | Accumulation | 11.5% above |
| RSReliance | Accumulation | 11.3% above |
| CMCCommercial Metals | Accumulation | 2.5% below |
| WSWorthington Steel | Neutral | 1.9% above |
| RYZRyerson | Accumulation | 44.0% below |
A peer links to its own page where one exists.
Cleveland-Cliffs stock FAQ
What is Cleveland-Cliffs’s market cap?
Cleveland-Cliffs’s market cap is $6.40B at the Sep 28, 2026 close of $11.22, with 570.5M shares outstanding.
What is the Cleveland-Cliffs stock forecast?
The consensus analyst 12-month price target for Cleveland-Cliffs is $12.30, +9.6% from the last close. Of the 13 firms that rated the stock in the last 90 days, 2 rate it a buy, 10 a hold and 1 a sell. Gekko doesn’t publish price predictions of its own.
Is Cleveland-Cliffs stock overvalued or undervalued?
On Gekko’s estimate Cleveland-Cliffs is undervalued: the Sep 28, 2026 close of $11.22 is 33.3% below Gekko Fair Value of $16.83. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.
When does Cleveland-Cliffs report earnings next?
Cleveland-Cliffs is expected to report on Oct 19, 2026, before the market opens (20 days away). Analysts expect earnings of $0.22 per share on revenue of $5.70B. Cleveland-Cliffs beat the earnings estimate in 5 of its last 8 reports, moving 13.2% on average across the report.
What is Cleveland-Cliffs’s 52-week high and low?
Cleveland-Cliffs’s 52-week high is $16.70 and its 52-week low is $7.73; it closed at $11.22 on Sep 28, 2026, −7.0% over the past year. Over the last five years the shares peaked at $34.04 on Apr 5, 2022.
Is Cleveland-Cliffs stock a buy right now?
Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 3 of the 5 items with data read as supportive (gekkoindex, fair value and seasonality), 1 as mixed (trend) and 1 as a headwind (earnings risk). The checklist is a description of current data, not a recommendation.
How this page works
During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →
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