CLF — Cleveland-Cliffs Inc

Stock analysis, trade plans, and proprietary indicators by Trend Edge.

About Cleveland-Cliffs Inc

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. Read full Trend Edge analysis →

Trend Edge Proprietary Indicators

Key Metrics

Current Price$11.98
Market Cap$6.10B
Float564.2M
Shares Outstanding570.4M
P/E (Forward)29.67
Price/Sales (TTM)0.32
vs. Analyst Target-11.0% to analyst PT
Profit Margin-6.44%
Operating Margin (TTM)-2.89%
Revenue (TTM)$18.90B
Earnings Growth (YoY)-99.40%
Dividend RateNone
Analyst Target Price$10.67 (12 analysts)

Financial History

Annual Revenue & Earnings History

YearRevenueNet IncomeGross ProfitEBITDA
2020 $5.35B -$122M $252M $353M
2021 $20.44B $2.99B $4.53B $5.04B
2022 $22.99B $1.33B $2.52B $3.11B
2023 $22.00B $399M $1.39B $1.86B
2024 $19.18B -$754M $70.0M $378M
2025 $18.61B -$1.48B -$763M -$45.0M

Recent Quarterly Revenue & Net Income

QuarterRevenueNet Income
Jun 2025 $4.93B -$483M
Sep 2025 $4.73B -$251M
Dec 2025 $4.31B -$243M
Mar 2026 $4.92B -$237M

Ownership & Float

Insider Ownership0.9%
Institutional Ownership84.0%
Short Float15.0%
% of All Funds Holding6.42%
Number of Funds Holding528

Current Moving Averages

Trend Edge tracks near-term, medium-term, cyclical, and secular moving averages across weekly and monthly timeframes to identify trend structure at every horizon.

TimeframeSMAValueTrend Context
Weekly10-Week SMA$10.03Near-term / short-term trend
Weekly40-Week SMA$11.55Medium-term trend
Weekly80-Week SMA$10.43Cyclical trend (business cycle)
Weekly200-Week SMA$14.14Secular trend (multi-year)
Monthly10-Month SMA$11.68Near-term monthly trend
Monthly20-Month SMA$10.65Medium-term monthly trend
Monthly40-Month SMA$13.90Secular monthly trend

Volume Shelves — Support & Resistance

Trend Edge identifies volume shelves: price zones where historically elevated trading volume creates structural support or resistance. A volume shelf forms when a disproportionate share of cumulative volume was transacted at a specific price level, making it a high-conviction anchor for future price reactions.

Price LevelTypeVolume RatioAge
$7.70 support 1.47x 9 months ago
$15.20 resistance 1.28x 20 months ago
$17.20 resistance 1.14x 22 months ago
$22.90 resistance 1.02x 24 months ago

Historical Earnings Reactions (125 events)

TimeframeAvg ReturnMedianWin RateBestWorst
Gap 0.01% 0.15% 54.40% 7.27% -8.13%
1 Day 0.03% 0.23% 50.40% 14.56% -17.24%
1 Week 0.75% 0.28% 52.00% 34.52% -34.88%
2 Weeks 0.55% -0.64% 46.40% 45.96% -46.01%
1 Month 0.69% -1.46% 45.60% 73.77% -50.90%

Next earnings: July 9, 2026 (43 days away)

Seasonality & Day-of-Week Patterns

Monthly Seasonality

MonthAvg ReturnWin RateSamples
Jan2.9%60.8%51
Feb1.1%54.9%51
Mar1.5%52.9%51
Apr2.1%52.9%51
May-1.9%38.0%50
Jun1.6%50.0%50
Jul2.8%52.0%50
Aug0.2%46.0%50
Sep-2.3%52.0%50
Oct-0.2%48.0%50
Nov3.6%54.0%50
Dec3.5%70.6%51

Day-of-Week Tendencies

DayAvg ReturnWin RateSamples
Monday 0.11% 46.4% 2384
Tuesday -0.00% 45.1% 2586
Wednesday 0.05% 45.4% 2587
Thursday -0.03% 45.4% 2537
Friday 0.18% 46.0% 2524

Top Institutional Holders

Institutional holder breakdown coming soon.

Total institutional ownership: 84.0%

Insider Transactions — Smart Summary

Total insider ownership: 0.9%

12-Month Insider Activity Summary

Total Filings3
Net Value-$39.3M
Net Shares Change-3,180,300
% of Float-0.6%
C-Suite Filings2
Clusters Detected1

Key Insiders

NameTitleNet ValueFilingsActivity
GONCALVES LOURENCO Chairman, President and CEO -$37.3M 1 1 sell
Smith Clifford T EVP and Chief Operating Officer -$2.1M 1 1 sell
Camara Edilson +$199,626.01 1 1 buy

Transaction Clusters

PeriodFilingsInsidersNet ValueSeniority
2026-02-11 – 2026-02-18 3 3 -$39.1M 2 C-suite

Significant Filings

DateInsiderTitleNet ValuePrice After
2026-02-13 Camara Edilson +$199,626.01 Transaction at $10.13, now +18.2%
2026-02-18 Smith Clifford T EVP and Chief Operating Officer -$2.1M Transaction at $10.46, now +14.5%
2026-02-11 GONCALVES LOURENCO Chairman, President and CEO -$37.3M Transaction at $12.42, now -3.5%

View full insider transaction history on Trend Edge →

AI Consult Analysis

Trend Edge's AI Consult feature delivers a comprehensive, multi-layer trade plan for Cleveland-Cliffs Inc (CLF) powered by Claude Opus — Anthropic's most capable AI model. The analysis covers five layers: technical analysis (near-term, medium-term, cyclical, and secular trend, momentum, volume shelf support and resistance, breakout and breakdown signals), qualitative analysis (business model, competitive moat, sector dynamics), insider sentiment (buy and sell signals from executive and director transactions), share stats analysis (institutional accumulation, fund positioning, short float squeeze potential), and fundamental analysis (valuation, revenue growth, profit margin, earnings quality).

AI Consult synthesizes all five layers into a single bullish or bearish thesis with explicit entry, exit, stop loss, and take profit levels — giving you a complete, AI-powered trade plan with defined risk/reward. Whether you are building a long position, initiating a short, or looking for a reversal setup, AI Consult identifies the highest-probability signal from the current trend.

Get the full AI Consult analysis for CLF on Trend Edge →