Key Points
- Cleveland‑Cliffs CEO Lourenco Goncalves sold 3,000,000 shares at an average price of $12.42 for a total of $37,260,000, according to an SEC Form 4 filing.
- The company reported Q4 EPS of ($0.43), beating estimates by $0.19, but revenue of $4.31B missed expectations and the results triggered a sharp market selloff amid mixed guidance and ambiguity around the POSCO partnership.
- Shares trade near $12.47 with a market cap of about $7.11B; Wall Street’s consensus is an average "Hold" rating with a $13.89 average price target.
Cleveland-Cliffs Inc. (NYSE:CLF - Get Free Report) CEO Lourenco Goncalves sold 3,000,000 shares of the stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $12.42, for a total value of $37,260,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Cleveland-Cliffs Stock Up 1.6%
Shares of NYSE CLF opened at $12.47 on Thursday. The business has a 50-day moving average of $13.44 and a two-hundred day moving average of $12.27. The company has a market capitalization of $7.11 billion, a price-to-earnings ratio of -4.27 and a beta of 1.93. Cleveland-Cliffs Inc. has a 1 year low of $5.63 and a 1 year high of $16.70. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.95 and a quick ratio of 0.61.
Cleveland-Cliffs (NYSE:CLF - Get Free Report) last issued its earnings results on Monday, February 9th. The mining company reported ($0.43) earnings per share for the quarter, topping the consensus estimate of ($0.62) by $0.19. The business had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.60 billion. Cleveland-Cliffs had a negative return on equity of 18.94% and a negative net margin of 7.91%.The business's quarterly revenue was down .3% on a year-over-year basis. During the same quarter last year, the company earned ($0.68) EPS. On average, analysts forecast that Cleveland-Cliffs Inc. will post -0.79 earnings per share for the current fiscal year.
Cleveland-Cliffs News Summary
Here are the key news stories impacting Cleveland-Cliffs this week:
- Positive Sentiment: Q4 EPS beat and narrowed loss; management gave a constructive 2026 outlook pointing to cost discipline, steady capex (~$700M) and modest shipment growth (≈16.8M tons) that could drive recovery. Article Title
- Positive Sentiment: Auto market wins and trade shifts (tariffs supporting domestic steel) are presented as key drivers for 2026 volume and pricing recovery, which would disproportionately improve free cash flow as fixed costs are absorbed. Article Title
- Neutral Sentiment: Earnings call transcripts and analyst notes were published (useful for detail on guidance, Q1 cost outlook and the POSCO update) but provided mixed clarity; details should be parsed for cadence of shipments, contract resets and cost assumptions. Article Title
- Negative Sentiment: Revenue missed estimates (~6% miss), which triggered a sharp market selloff (reports of ~16–19% intraday declines) and spooked momentum traders. Article Title
- Negative Sentiment: POSCO partnership remained ambiguous on the call (timing and terms unclear), raising doubts about a near-term equity investment and removing a potential catalyst for the stock. Article Title
- Negative Sentiment: Analyst downside pressure (GLJ Research cut its price target and keeps a sell rating) plus public remarks from commentators (e.g., Jim Cramer) emphasizing weak macro activity and tariff-related headwinds. Article Title
Wall Street Analyst Weigh In
A number of research firms recently commented on CLF. UBS Group set a $15.00 target price on shares of Cleveland-Cliffs in a research report on Monday, October 27th. Morgan Stanley raised Cleveland-Cliffs from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $12.80 to $17.00 in a report on Friday, January 9th. The Goldman Sachs Group reissued a "buy" rating and issued a $15.00 target price on shares of Cleveland-Cliffs in a report on Monday. Wells Fargo & Company raised Cleveland-Cliffs from an "underweight" rating to an "equal weight" rating and upped their target price for the company from $11.00 to $12.00 in a research report on Friday, November 14th. Finally, Citigroup lifted their price target on Cleveland-Cliffs from $11.00 to $13.00 and gave the stock a "neutral" rating in a research report on Monday. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $13.89.
Check Out Our Latest Research Report on CLF
Hedge Funds Weigh In On Cleveland-Cliffs
Several institutional investors have recently added to or reduced their stakes in CLF. Strengthening Families & Communities LLC lifted its position in Cleveland-Cliffs by 4,315.6% during the 3rd quarter. Strengthening Families & Communities LLC now owns 1,987 shares of the mining company's stock worth $25,000 after acquiring an additional 1,942 shares during the period. Los Angeles Capital Management LLC purchased a new stake in shares of Cleveland-Cliffs during the fourth quarter worth approximately $25,000. Trust Co. of Toledo NA OH purchased a new stake in shares of Cleveland-Cliffs during the second quarter worth approximately $27,000. IFP Advisors Inc lifted its holdings 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 purchasing an additional 1,200 shares during the period. Finally, Winch Advisory Services LLC increased its stake in Cleveland-Cliffs by 131.3% in the 2nd quarter. Winch Advisory Services LLC now owns 4,070 shares of the mining company's stock valued at $31,000 after buying an additional 2,310 shares during the period. Institutional investors and hedge funds own 67.68% of the company's stock.
About Cleveland-Cliffs
(
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.
Further Reading
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