Celso Goncalves, Jr. Sells 214,308 Shares of Cleveland-Cliffs (NYSE:CLF) Stock

Posted by Brian Himes on Jun 5th, 2026

Cleveland-Cliffs logo Cleveland-Cliffs Inc. (NYSE:CLF – Get Free Report) EVP Celso Goncalves, Jr. sold 214,308 shares of Cleveland-Cliffs stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $13.41, for a total transaction of $2,873,870.28. Following the completion of the sale, the executive vice president owned 184,542 shares of the company’s stock, valued at approximately $2,474,708.22. The trade was a 53.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Cleveland-Cliffs Price Performance

Shares of NYSE CLF traded down $0.89 during mid-day trading on Friday, reaching $13.55. The company had a trading volume of 16,572,264 shares, compared to its average volume of 18,253,680. The firm has a market cap of $7.73 billion, a price-to-earnings ratio of -5.79 and a beta of 2.09. The business’s 50-day simple moving average is $10.37 and its 200 day simple moving average is $11.49. Cleveland-Cliffs Inc. has a one year low of $6.72 and a one year high of $16.70. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.64 and a current ratio of 2.02.

Cleveland-Cliffs (NYSE:CLF – Get Free Report) last announced its quarterly earnings data on Monday, April 20th. The mining company reported ($0.40) EPS for the quarter, beating the consensus estimate of ($0.44) by $0.04. Cleveland-Cliffs had a negative net margin of 6.42% and a negative return on equity of 15.48%. The business had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $4.84 billion. During the same period in the previous year, the business earned ($0.92) earnings per share. The company’s revenue was up 6.3% on a year-over-year basis. On average, research analysts predict that Cleveland-Cliffs Inc. will post -0.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CLF has been the topic of a number of research reports. Citigroup boosted their price objective on Cleveland-Cliffs from $11.00 to $13.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th. Morgan Stanley dropped their target price on Cleveland-Cliffs from $16.80 to $12.00 and set an “overweight” rating for the company in a research report on Tuesday, April 21st. KeyCorp began coverage on Cleveland-Cliffs in a research note on Wednesday, March 25th. They set a “sector weight” rating on the stock. Argus upgraded Cleveland-Cliffs to a “hold” rating in a report on Monday, April 6th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Cleveland-Cliffs in a report on Friday, April 24th. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $11.99.

Read Our Latest Stock Report on Cleveland-Cliffs

Institutional Trading of Cleveland-Cliffs

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CLF. Los Angeles Capital Management LLC acquired a new position in shares of Cleveland-Cliffs in the 4th quarter worth approximately $25,000. IFP Advisors Inc increased its position in shares of Cleveland-Cliffs by 117.5% during the fourth quarter. IFP Advisors Inc now owns 2,221 shares of the mining company’s stock worth $29,000 after buying an additional 1,200 shares during the period. CIBC Private Wealth Group LLC raised its stake in Cleveland-Cliffs by 306.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,461 shares of the mining company’s stock worth $33,000 after buying an additional 1,855 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake in Cleveland-Cliffs by 94.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,505 shares of the mining company’s stock worth $33,000 after buying an additional 1,214 shares during the last quarter. Finally, Larson Financial Group LLC lifted its holdings in Cleveland-Cliffs by 819.2% in the third quarter. Larson Financial Group LLC now owns 2,684 shares of the mining company’s stock valued at $33,000 after buying an additional 2,392 shares during the period. Institutional investors and hedge funds own 67.68% of the company’s stock.

Cleveland-Cliffs Company Profile

(Get Free Report)

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.