Cleveland-Cliffs (NYSE:CLF) Upgraded at Glj Research

Posted by Brian Himes on Jul 24th, 2026

Cleveland-Cliffs logo Cleveland-Cliffs (NYSE:CLF – Get Free Report) was upgraded by research analysts at Glj Research from a “neutral” rating to a “buy” rating in a note issued to investors on Friday,Benzinga reports. The firm currently has a $15.60 target price on the mining company’s stock, up from their previous target price of $15.01. Glj Research’s target price points to a potential upside of 33.57% from the stock’s current price.

Several other research analysts have also recently weighed in on the stock. Bank of America dropped their price objective on shares of Cleveland-Cliffs from $14.00 to $11.50 and set a “neutral” rating for the company in a research report on Thursday, July 9th. Argus upgraded shares of Cleveland-Cliffs to a “hold” rating in a report on Monday, April 6th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $10.00 target price on shares of Cleveland-Cliffs in a report on Friday, May 1st. Morgan Stanley reiterated an “equal weight” rating and set a $12.50 target price (up from $12.00) on shares of Cleveland-Cliffs in a research report on Monday, June 22nd. Finally, 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. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Cleveland-Cliffs has an average rating of “Hold” and a consensus target price of $11.86.

Get Our Latest Stock Report on Cleveland-Cliffs

Cleveland-Cliffs Price Performance

NYSE CLF traded up $0.72 during trading hours on Friday, reaching $11.68. 27,033,711 shares of the company’s stock were exchanged, compared to its average volume of 18,926,553. The firm has a fifty day moving average of $11.26 and a 200-day moving average of $11.02. Cleveland-Cliffs has a one year low of $7.73 and a one year high of $16.70. The stock has a market cap of $6.66 billion, a PE ratio of -4.97 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 (NYSE:CLF – Get Free Report) last issued its quarterly earnings data 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 during 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 business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.50) EPS. On average, equities research analysts predict that Cleveland-Cliffs will post -0.15 earnings per share for the current fiscal year.

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 dated Friday, June 5th. The stock was sold at an average price of $13.41, for a total value of $2,873,870.28. Following the sale, the executive vice president owned 184,542 shares of the company’s stock, valued at $2,474,708.22. This trade represents a 53.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.95% of the company’s stock.

Hedge Funds Weigh In On Cleveland-Cliffs

Several hedge funds have recently made changes to their positions in the business. Los Angeles Capital Management LLC acquired a new stake in Cleveland-Cliffs in the 4th quarter valued at $25,000. Center for Financial Planning Inc. increased its holdings in 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 last quarter. IFP Advisors Inc raised its holdings in shares of Cleveland-Cliffs by 117.5% in the 4th quarter. IFP Advisors Inc now owns 2,221 shares of the mining company’s stock valued at $29,000 after purchasing an additional 1,200 shares during the period. Caitong International Asset Management Co. Ltd boosted its position 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 purchasing an additional 1,214 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its holdings in Cleveland-Cliffs by 306.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,461 shares of the mining company’s stock worth $33,000 after purchasing an additional 1,855 shares during the last quarter. 67.68% of the stock is owned by institutional investors.

Trending Headlines about Cleveland-Cliffs

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

Positive Sentiment: Cleveland-Cliffs reported Q2 results that beat expectations on both earnings and revenue, with revenue of about $5.23 billion and a smaller loss than a year ago, signaling improving operating performance. Article Cleveland-Cliffs Reports Second-Quarter 2026 Results
Positive Sentiment: Management highlighted a sharp rebound in profitability, including a significant increase in adjusted EBITDA and a return to positive free cash flow, which suggests the turnaround is gaining traction. Article Cleveland-Cliffs Inc (CLF) Q2 2026 Earnings Call Highlights
Positive Sentiment: The company issued a stronger third-quarter outlook, and CEO Lourenco Goncalves said the “progression we have been forecasting is now reality,” fueling investor optimism about further improvement. Article CLF Stock Posts Biggest Gain Of 2026 After CEO Forecasts Strongest Second-Half Performance Since 2021
Positive Sentiment: Wells Fargo raised its price target on CLF to $11 from $9, and B. Riley Securities also issued a Buy rating, adding support from the analyst side. Article Wells Fargo price target raise
Neutral Sentiment: Some brokerage coverage remains cautious overall, with consensus ratings still pointing to “Reduce,” which may limit upside enthusiasm. Article Cleveland-Cliffs Inc. Given Consensus Rating of Reduce by Brokerages
Neutral Sentiment: The stock has also been highlighted as a “fast-paced momentum at a bargain” candidate, reflecting a mix of improving momentum and still-reasonable valuation. Article Why Fast-paced Mover Cleveland-Cliffs (CLF) Is a Great Choice for Value Investors
Negative Sentiment: Despite the beat, CLF still posted a quarterly loss and remains unprofitable on a net basis, so investors may continue to question the durability of the turnaround. Article Cleveland-Cliffs Reports Second-Quarter 2026 Results

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.