Cleveland-Cliffs (NYSE:CLF) Price Target Raised to $13.00

Posted by Stanley Muller on Oct 25th, 2026

Cleveland-Cliffs (NYSE:CLF – Free Report) had its price objective increased by JPMorgan Chase & Co. from $12.00 to $13.00 in a research report report published on Thursday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the mining company’s stock.

CLF has been the topic of a number of other research reports. Barclays increased their target price on Cleveland-Cliffs from $11.00 to $12.00 and gave the company an “underweight” rating in a research note on Thursday. Morgan Stanley lifted their price target on Cleveland-Cliffs from $12.50 to $14.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Bank of America cut their price objective on Cleveland-Cliffs from $14.00 to $11.50 and set a “neutral” rating for the company in a report on Thursday, July 9th. Glj Research increased their price objective on Cleveland-Cliffs from $15.60 to $17.48 and gave the company a “buy” rating in a research report on Monday, September 21st. Finally, Citigroup reiterated a “positive” rating on shares of Cleveland-Cliffs in a research report on Friday, July 24th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Cleveland-Cliffs presently has an average rating of “Hold” and an average price target of $13.82.

View Our Latest Stock Analysis on CLF

Cleveland-Cliffs Price Performance

CLF stock opened at $13.91 on Thursday. The firm has a 50 day simple moving average of $12.17 and a two-hundred day simple moving average of $11.42. The stock has a market cap of $7.94 billion, a PE ratio of -16.37, a P/E/G ratio of 5.29 and a beta of 2.09. Cleveland-Cliffs has a one year low of $7.73 and a one year high of $15.35. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.87 and a quick ratio of 0.63.

Cleveland-Cliffs (NYSE:CLF – Get Free Report) last posted its quarterly earnings data on Monday, October 19th. The mining company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.04. Cleveland-Cliffs had a negative net margin of 2.36% and a negative return on equity of 6.83%. The firm had revenue of $5.61 billion for the quarter, compared to analysts’ expectations of $5.69 billion. During the same quarter last year, the company posted ($0.51) EPS. The business’s quarterly revenue was up 18.5% on a year-over-year basis. On average, analysts predict that Cleveland-Cliffs will post 0.12 EPS for the current fiscal year.

Insider Activity at Cleveland-Cliffs

In other Cleveland-Cliffs news, Director Edilson Camara bought 7,400 shares of the firm’s stock in a transaction that occurred on Thursday, October 22nd. The shares were bought at an average price of $13.49 per share, for a total transaction of $99,826.00. Following the transaction, the director directly owned 64,717 shares in the company, valued at $873,032.33. This trade represents a 12.91% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.95% of the company’s stock.

Institutional Investors Weigh In On Cleveland-Cliffs

A number of hedge funds and other institutional investors have recently modified their holdings of CLF. BlackRock Inc. purchased a new position in Cleveland-Cliffs during the 2nd quarter valued at $522,766,000. PointState Capital LP bought a new position in Cleveland-Cliffs in the 2nd quarter worth $61,805,000. Avala Global LP purchased a new stake in shares of Cleveland-Cliffs in the 2nd quarter worth about $58,325,000. Kinetic Partners Management LP purchased a new stake in shares of Cleveland-Cliffs in the 2nd quarter worth about $56,511,000. Finally, Assenagon Asset Management S.A. lifted its position in shares of Cleveland-Cliffs by 208.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 6,021,829 shares of the mining company’s stock worth $56,545,000 after purchasing an additional 4,067,994 shares during the period. Institutional investors own 67.68% of the company’s stock.

Cleveland-Cliffs News Roundup

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.

The company produces carbon steel, stainless steel, electrical steel, and other specialty products, including hot-rolled, cold-rolled, and galvanized sheet steel.