Cleveland-Cliffs Shares Rise to $9.79
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
Should l Buy CLF?
Mixed options sentiment in Cleveland-Cliffs (CLF), with shares up 12c, or 1.29%, near $9.79. Options volume roughly in line with average with 17k contracts traded and puts leading calls for a put/call ratio of 1.0, compared to a typical level near 0.62. Implied volatility (IV30) dropped 0.55 near 71.7,and above the 52wk median, suggesting an expected daily move of $0.44. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Cleveland-Cliffs (CLF) will report earnings before the open on 2026-04-20.Option markets are pricing in a 50% probability of a move greater than 9.57% or $0.94.
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Analyst Views on CLF
Wall Street analysts forecast CLF stock price to rise
9 Analyst Rating
2 Buy
5 Hold
2 Sell
Hold
Current: 9.720
Low
5.75
Averages
12.78
High
17.00
Current: 9.720
Low
5.75
Averages
12.78
High
17.00
About CLF
Cleveland-Cliffs Inc. is a steel producer with a focus on value-added sheet products, particularly for the automotive industry in North America. The Company is vertically integrated from the mining of iron ore, production of pellets and direct reduced iron, and processing of ferrous scrap through primary steelmaking and downstream finishing, stamping, tooling, and tubing. Its offering includes advanced high-strength steel, hot-dipped galvanized, aluminized, galvalume, electrogalvanized, galvanneal, hot-rolled coil (HRC), cold-rolled coil, plate, grain oriented electrical steel (GOES), non-oriented electrical steel (NOES), stainless steels, tool and die, stamped components, and slabs. Its Other Businesses primarily include the Tubular and Tooling and Stamping segments that provide customer solutions with carbon and stainless-steel tubing products, advanced-engineered solutions, tool design and build, hot- and cold-stamped steel components and complex assemblies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Cleveland-Cliffs Q1 Earnings Announcement Scheduled
- Earnings Release Date: Cleveland-Cliffs is set to announce its Q1 earnings on April 20 before the market opens, with a consensus EPS estimate of -$0.43, reflecting a significant 53.3% year-over-year decline, which could directly impact investor sentiment.
- Revenue Expectations: The anticipated revenue for Q1 is $4.79 billion, representing a 3.5% year-over-year increase; however, the downward revisions in EPS and revenue estimates indicate challenges the company may face in maintaining growth.
- Historical Performance Review: Over the past two years, Cleveland-Cliffs has beaten EPS estimates 50% of the time but only 13% for revenue, highlighting volatility in its profitability and the need for strategic adjustments.
- Market Environment Changes: The U.S. government's plan to impose a 25% tariff on finished steel and aluminum products may affect Cleveland-Cliffs' market competitiveness and future profitability, necessitating a reassessment of its operational strategies.
See More
Major Earnings Expected Before Monday Bell
- Earnings Preview: Major earnings reports expected on Monday include Bank of Hawaii Corporation (BOH), Cleveland-Cliffs (CLF), Dynex Capital (DX), and Nano-X Imaging Ltd. (NNOX), all of which hold significant positions in their respective sectors, and their results will impact investor confidence and market trends.
- Market Focus: Investors will closely monitor these earnings to assess company performance in the current economic environment, particularly against the backdrop of inflation and interest rate fluctuations, as the outcomes could directly influence the short-term performance of the related stocks.
- Sector Impact: Bank of Hawaii Corporation's earnings will reflect the health of the banking sector, while Cleveland-Cliffs, as a mining company, will be affected by commodity price fluctuations, potentially triggering ripple effects across related industries.
- Investor Strategy: With the earnings season approaching, investors may adjust their portfolios in response to the upcoming earnings reports, particularly adopting a more cautious stance towards companies that have underperformed in the market.
See More
Wall Street Earnings Season Faces Major Test
- Earnings Season Significance: Wall Street is set for a packed earnings season featuring key companies like Capital One and Boeing, with investors eager to glean insights into the economic impact of the Iran war from these reports.
- Capital One Performance Focus: Capital One is scheduled to report earnings on Tuesday, with market attention on its consumer health metrics and the progress of its acquisitions of Discover and Brex, particularly amid rising economic uncertainties.
- Boeing Earnings Outlook: Boeing is expected to release its earnings report on Wednesday, with market focus on order volumes in both its commercial and defense sectors, as well as free cash flow performance, especially after previous unexpected losses.
- GE Vernova Order Growth: GE Vernova will report alongside Boeing, with first-quarter new orders anticipated to reach $14.4 billion, reflecting a 65% year-over-year increase, indicating strong market performance amid rising electricity demand.
See More
Cleveland-Cliffs Inc. to Release Q1 Earnings on April 20
- Earnings Release Announcement: Cleveland-Cliffs Inc. is set to release its Q1 earnings on April 20, drawing significant market attention regarding its financial performance, particularly in the current economic climate.
- Analyst Loss Expectations: Analysts anticipate a loss of 41 cents per share, indicating the company's profitability pressures amid market challenges, which could negatively impact investor confidence.
- Stock Price Performance: As of Thursday, Cleveland-Cliffs' stock closed at $9.72, reflecting a cautious market sentiment ahead of the earnings report, with investors likely awaiting clearer financial guidance.
- Market Reaction Analysis: Given the potential for the upcoming earnings report to fall short of market expectations, investors should monitor subsequent stock price fluctuations, especially as the company faces declining profitability, which may affect its long-term investment appeal.
See More
CLEVELAND-CLIFFS INC: JEFFERIES LOWERS TARGET PRICE FROM $13 TO $10
- Price Reduction Announcement: Jeffries has cut the target price for Cleveland-Cliffs from $13 to $10.
- Market Impact: This adjustment reflects a shift in market expectations regarding Cleveland-Cliffs' performance.
See More
ArcelorMittal's Stock Surges Over 100% Amid Tariff Push
- Stock Surge: ArcelorMittal's stock has surged over 100% since Trump's tariff announcement, significantly outperforming Nucor and Steel Dynamics, which saw gains of 51% and 6% respectively, indicating its strong market performance and competitive edge.
- Political Influence: The company is supplying steel for Trump's $400 million ballroom renovation project, which, while potentially angering domestic producers by accepting foreign steel, also brings potential orders and heightened market attention to ArcelorMittal.
- Strong Profit Growth: In 2025, ArcelorMittal's profits more than doubled, driven by rising prices in Europe and robust African mining operations, with expectations for further benefits from trade protection measures and improvements in the Carbon Border Adjustment Mechanism in the coming years.
- Underperformance of US Peers: Despite strong demand for steel in the U.S., Cleveland-Cliffs, Nucor, and Steel Dynamics reported disappointing earnings, highlighting competitive pressures and market challenges that could impact future investment decisions.
See More
Cleveland-Cliffs Q1 Earnings Announcement Scheduled
- Earnings Release Date: Cleveland-Cliffs is set to announce its Q1 earnings on April 20 before the market opens, with a consensus EPS estimate of -$0.43, reflecting a significant 53.3% year-over-year decline, which could directly impact investor sentiment.
- Revenue Expectations: The anticipated revenue for Q1 is $4.79 billion, representing a 3.5% year-over-year increase; however, the downward revisions in EPS and revenue estimates indicate challenges the company may face in maintaining growth.
- Historical Performance Review: Over the past two years, Cleveland-Cliffs has beaten EPS estimates 50% of the time but only 13% for revenue, highlighting volatility in its profitability and the need for strategic adjustments.
- Market Environment Changes: The U.S. government's plan to impose a 25% tariff on finished steel and aluminum products may affect Cleveland-Cliffs' market competitiveness and future profitability, necessitating a reassessment of its operational strategies.
See More
Major Earnings Expected Before Monday Bell
- Earnings Preview: Major earnings reports expected on Monday include Bank of Hawaii Corporation (BOH), Cleveland-Cliffs (CLF), Dynex Capital (DX), and Nano-X Imaging Ltd. (NNOX), all of which hold significant positions in their respective sectors, and their results will impact investor confidence and market trends.
- Market Focus: Investors will closely monitor these earnings to assess company performance in the current economic environment, particularly against the backdrop of inflation and interest rate fluctuations, as the outcomes could directly influence the short-term performance of the related stocks.
- Sector Impact: Bank of Hawaii Corporation's earnings will reflect the health of the banking sector, while Cleveland-Cliffs, as a mining company, will be affected by commodity price fluctuations, potentially triggering ripple effects across related industries.
- Investor Strategy: With the earnings season approaching, investors may adjust their portfolios in response to the upcoming earnings reports, particularly adopting a more cautious stance towards companies that have underperformed in the market.
See More
Wall Street Earnings Season Faces Major Test
- Earnings Season Significance: Wall Street is set for a packed earnings season featuring key companies like Capital One and Boeing, with investors eager to glean insights into the economic impact of the Iran war from these reports.
- Capital One Performance Focus: Capital One is scheduled to report earnings on Tuesday, with market attention on its consumer health metrics and the progress of its acquisitions of Discover and Brex, particularly amid rising economic uncertainties.
- Boeing Earnings Outlook: Boeing is expected to release its earnings report on Wednesday, with market focus on order volumes in both its commercial and defense sectors, as well as free cash flow performance, especially after previous unexpected losses.
- GE Vernova Order Growth: GE Vernova will report alongside Boeing, with first-quarter new orders anticipated to reach $14.4 billion, reflecting a 65% year-over-year increase, indicating strong market performance amid rising electricity demand.
See More
Cleveland-Cliffs Inc. to Release Q1 Earnings on April 20
- Earnings Release Announcement: Cleveland-Cliffs Inc. is set to release its Q1 earnings on April 20, drawing significant market attention regarding its financial performance, particularly in the current economic climate.
- Analyst Loss Expectations: Analysts anticipate a loss of 41 cents per share, indicating the company's profitability pressures amid market challenges, which could negatively impact investor confidence.
- Stock Price Performance: As of Thursday, Cleveland-Cliffs' stock closed at $9.72, reflecting a cautious market sentiment ahead of the earnings report, with investors likely awaiting clearer financial guidance.
- Market Reaction Analysis: Given the potential for the upcoming earnings report to fall short of market expectations, investors should monitor subsequent stock price fluctuations, especially as the company faces declining profitability, which may affect its long-term investment appeal.
See More
CLEVELAND-CLIFFS INC: JEFFERIES LOWERS TARGET PRICE FROM $13 TO $10
- Price Reduction Announcement: Jeffries has cut the target price for Cleveland-Cliffs from $13 to $10.
- Market Impact: This adjustment reflects a shift in market expectations regarding Cleveland-Cliffs' performance.
See More
ArcelorMittal's Stock Surges Over 100% Amid Tariff Push
- Stock Surge: ArcelorMittal's stock has surged over 100% since Trump's tariff announcement, significantly outperforming Nucor and Steel Dynamics, which saw gains of 51% and 6% respectively, indicating its strong market performance and competitive edge.
- Political Influence: The company is supplying steel for Trump's $400 million ballroom renovation project, which, while potentially angering domestic producers by accepting foreign steel, also brings potential orders and heightened market attention to ArcelorMittal.
- Strong Profit Growth: In 2025, ArcelorMittal's profits more than doubled, driven by rising prices in Europe and robust African mining operations, with expectations for further benefits from trade protection measures and improvements in the Carbon Border Adjustment Mechanism in the coming years.
- Underperformance of US Peers: Despite strong demand for steel in the U.S., Cleveland-Cliffs, Nucor, and Steel Dynamics reported disappointing earnings, highlighting competitive pressures and market challenges that could impact future investment decisions.
See More
