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Cleveland-Cliffs Inc. (CLF)

Basic Materials | Steel | Cleveland, United States | NYSE
11.62 USD -0.21 (-1.775%) ⇩ (Aug. 28, 2026, 4 p.m. EDT)
After hours: 11.61 -0.01 (-0.010%) ⇩ (Aug. 28, 2026, 7:55 p.m. EDT)
Short-term:★★★⯪☆Long-term:★⯪☆☆☆Dividends:☆☆☆☆☆
Hot Take ↕ | Aug. 22, 2026, 3:59 a.m. EDT

The immediate catalyst is undeniable: Cleveland-Cliffs delivered a stunning Q2 beat, with sales and earnings surging on higher steel pricing, sending the stock up nearly 17% in a single session. This operational turnaround has ignited a powerful short-term rally, pushing the price back toward its 52-week highs. However, the long-term picture remains deeply fractured. Despite the recent surge, the company is still bleeding cash, with operating cash flow in the negative millions and gross margins hovering near zero. The balance sheet is precarious, carrying debt significantly higher than equity, and the stock has endured four consecutive years of annual declines, erasing the massive gains seen in 2021. While the momentum is currently bullish, the fundamental reality is that the business is not yet self-sustaining. The lack of a dividend and the heavy debt load mean this is a pure speculation on continued commodity strength, not a value play. Investors should ride the wave of the earnings surprise but remain wary of the structural deterioration that keeps the long-term rating in the danger zone.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.415461
MSTL0.551762
AutoARIMA0.558659
AutoETS0.561912

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 35%
H-stat 3.74
Ljung-Box p 0.000
Jarque-Bera p 0.099
Excess Kurtosis -0.70
Attribute Value
Sector Basic Materials
Ex Dividend Date 2020-04-01
Last Dividend Date 2020-04-01
Debt to Equity Ratio 132.743
Revenue per Share 35.156
Market Cap 6,629,675,008
Forward P/E 20.56
Beta 2.12
Profit Margins -4.56%
Website https://www.clevelandcliffs.com

As of Aug. 22, 2026, 3:59 a.m. EDT: Speculators are positioning for a volatile rebound rather than a steady grind higher. Call volume is heavily skewed toward out-of-the-money strikes (13.0, 14.0, 15.0) with significant open interest walls, suggesting bets on a sharp move above current levels. However, put volume is equally aggressive, particularly in the 10.0 to 12.0 range, creating a dense 'OI wall' that acts as a magnet or barrier. The implied volatility surface shows massive spikes at deep out-of-the-money strikes for both calls and puts, indicating a market pricing in a binary event or extreme gap risk rather than a linear trend.

Dividend Data

Dividend History
Date Dividend Yield %
2020-04-02 0.060000 1.604278
2020-01-02 0.060000 0.765306
2019-10-03 0.100000 1.369863
2019-07-03 0.060000 0.544465
2019-04-04 0.050000 0.477099
2019-01-03 0.050000 0.655308
2014-11-12 0.150000 1.400560
2014-08-13 0.150000 0.861574
2014-05-21 0.150000 0.924214
2014-02-19 0.150000 0.683060
2013-11-20 0.150000 0.550863
2013-08-13 0.150000 0.627090
2013-05-15 0.150000 0.714286
2013-02-20 0.150000 0.549652
2012-11-20 0.625000 2.050525
2012-08-13 0.625000 1.443418
2012-04-25 0.625000 0.931307
2012-02-13 0.280000 0.389484
2011-11-16 0.280000 0.396994
2011-08-11 0.280000 0.379250
2011-04-27 0.140000 0.145003
2011-02-11 0.140000 0.159982
2010-11-17 0.140000 0.210812
2010-08-11 0.140000 0.241296
2010-05-12 0.140000 0.244158
2010-02-11 0.088000 0.192098
2009-11-18 0.088000 0.204461
2009-08-12 0.040000 0.146306
2009-05-20 0.040000 0.161420
2009-02-12 0.088000 0.325323
2008-11-12 0.088000 0.465362
2008-08-13 0.088000 0.093947
2008-05-21 0.044000 0.047317
2008-02-13 0.087500 0.149957
2007-11-20 0.062500 0.162994
2007-08-13 0.062500 0.183150
2007-05-16 0.062500 0.168896
2007-02-13 0.062500 0.227438
2006-11-21 0.062500 0.269513
2006-08-11 0.031500 0.181087
2006-05-17 0.062500 0.313913
2006-02-13 0.050000 0.213220
2005-11-10 0.050000 0.223264
2005-08-10 0.050000 0.261780
2005-05-18 0.025000 0.174886
2005-02-16 0.025000 0.140944
2004-11-17 0.025000 0.228363
2001-11-20 0.012500 0.600601
2001-08-14 0.012500 0.602410
2001-05-16 0.012500 0.521376
2001-02-09 0.012500 0.527704
2000-11-21 0.046875 1.851852
2000-08-10 0.046875 1.503759
2000-05-17 0.046875 1.530612
2000-02-14 0.046875 1.382488
1999-11-17 0.046875 1.310044
1999-08-11 0.046875 1.242236
1999-05-18 0.046875 1.011804
1999-02-12 0.046875 1.020408
1998-11-18 0.046875 0.986842
1998-08-11 0.046875 0.809717
1998-05-20 0.046875 0.681818
1998-02-13 0.040625 0.641184
1997-11-19 0.040625 0.768094
1997-08-08 0.040625 0.759124
1997-05-21 0.040625 0.771513
1997-02-18 0.040625 0.740741
1996-12-10 0.040625 0.744986
1996-08-16 0.040625 0.836013
1996-05-23 0.040625 0.802469
1996-02-14 0.040625 0.736544
1995-12-08 0.040625 0.809969
1995-08-16 0.040625 0.720222
1995-05-17 0.040625 0.809969
1995-02-13 0.040625 0.820189
1994-12-06 0.040625 0.942029
1994-08-15 0.037500 0.738462
1994-02-14 0.037500 0.703812
1993-12-07 0.037500 0.902256
1993-08-16 0.037500 0.937500
1993-07-14 0.335750 7.929151
1993-05-19 0.037500 0.888889
1993-02-16 0.037500 0.854093
1992-12-08 0.037500 0.789474
1992-08-17 0.037500 0.885609
1992-05-18 0.037500 0.872727
1992-02-18 0.034375 0.735786
1991-12-09 0.034375 0.802920
1991-08-16 0.034375 0.823970
1991-05-20 0.034375 0.901639
1991-02-19 0.525000 16.390244
1990-12-11 0.025000 0.780488
1990-08-17 0.025000 0.720721
1990-05-18 0.025000 0.640000
1990-02-20 0.025000 0.675105
1989-12-11 0.025000 0.650407
1989-08-21 0.025000 0.625000
1973-02-23 0.015000 0.750000
Additional Data
exDividendDate 2020-04-02
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
lastDividendValue 0.06
lastDividendDate 2020-04-02
dividendDate 2020-04-15

Info Dump

Attribute Value
52 Week Change 0.13205743
Address1 200 Public Square
Address2 Suite 3300
All Time High 121.95
All Time Low 0.75
Ask 11.62
Ask Size 4,600
Audit Risk 8
Average Analyst Rating 2.9 - Hold
Average Daily Volume10 Day 17,268,290
Average Daily Volume3 Month 21,092,635
Average Volume 21,092,635
Average Volume10Days 17,268,290
Beta 2.115
Bid 11.63
Bid Size 8,600
Board Risk 4
Book Value 9.822
City Cleveland
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 2
Country United States
Crypto Tradeable 0
Currency USD
Current Price 11.62
Current Ratio 1.89
Custom Price Alert Confidence HIGH
Date Short Interest 1,786,665,600
Day High 12.11
Day Low 11.47
Debt To Equity 132.743
Display Name Cleveland-Cliffs
Dividend Date 1,586,908,800
Earnings Call Timestamp End 1,784,809,800
Earnings Call Timestamp Start 1,784,809,800
Earnings Timestamp 1,784,809,800
Earnings Timestamp End 1,792,413,000
Earnings Timestamp Start 1,792,413,000
Ebitda 515,000,000
Ebitda Margins 0.02683
Enterprise To Ebitda 28.149
Enterprise To Revenue 0.755
Enterprise Value 14,496,675,840
Eps Current Year -0.17673
Eps Forward 0.56516
Eps Trailing Twelve Months -1.54
Esg Populated 0
Ex Dividend Date 1,585,785,600
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 10.9576
Fifty Day Average Change 0.66240025
Fifty Day Average Change Percent 0.060451217
Fifty Two Week Change Percent 13.205743
Fifty Two Week High 16.7
Fifty Two Week High Change -5.080001
Fifty Two Week High Change Percent -0.30419165
Fifty Two Week Low 7.73
Fifty Two Week Low Change 3.8899999
Fifty Two Week Low Change Percent 0.50323415
Fifty Two Week Range 7.73 - 16.7
Financial Currency USD
First Trade Date Milliseconds 99,153,000,000
Five Year Avg Dividend Yield 4.7
Float Shares 564,446,679
Forward Eps 0.56516
Forward P E 20.56055
Free Cashflow 6,125,000
Full Exchange Name NYSE
Full Time Employees 25,000
Fullday Change -0.21
Fullday Change Percent -1.77515
Fullday Price 11.6099
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,785,542,400
Gross Margins -0.01052
Gross Profits -202,000,000
Has Pre Post Market Data 1
Held Percent Insiders 0.00857
Held Percent Institutions 0.84629
Implied Shares Outstanding 570,540,047
Industry Steel
Industry Disp Steel
Industry Key steel
Ir Website http://ir.cliffsnaturalresources.com/
Is Earnings Date Estimate 1
Language en-US
Last Dividend Date 1,585,785,600
Last Dividend Value 0.06
Last Fiscal Year End 1,767,139,200
Last Split Date 1,210,896,000
Last Split Factor 2:1
Long Business Summary Cleveland-Cliffs Inc. operates as a steel producer in the United States and Canada. It offers hot-rolled, cold-rolled, and coated products, such as aluminized, electrogalvanized, and galvalume products, as well as galvanneal and hot-dipped galvanized products; stainless and electrical products, including GOES, NOES, and auto chrome; plate products; and slab and other steel products. The company also provides non- steelmaking products comprising stamped components, tool and die, and tubing; and scrap, iron ore, HBI, coal, and coke products. It also provides tubular components, including carbon steel, stainless steel, and electric resistance welded tubing products. In addition, the company is involved in 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. It serves direct automotive, infrastructure and manufacturing, distributors and converters, and steel producers. The company was formerly known as Cliffs Natural Resources Inc. and changed its name to Cleveland-Cliffs Inc. in August 2017. Cleveland-Cliffs Inc. was founded in 1847 and is headquartered in Cleveland, Ohio.
Long Name Cleveland-Cliffs Inc.
Market us_market
Market Cap 6,629,675,008
Market State CLOSED
Max Age 86,400
Message Board Id finmb_261738
Most Recent Quarter 1,782,777,600
Net Income To Common -866,000,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 6,749,488,756
Number Of Analyst Opinions 10
Open 11.9
Operating Cashflow -251,000,000
Operating Margins 0.0034400001
Overall Risk 4
Payout Ratio 0.0
Peg Ratio 0.43
Phone 216 694 5700
Post Market Change -0.010099411
Post Market Change Percent -0.08691404
Post Market Price 11.6099
Post Market Time 1,787,961,344
Previous Close 11.83
Price Eps Current Year -65.75001
Price Hint 2
Price To Book 1.1830585
Price To Sales Trailing12 Months 0.3453855
Profit Margins -0.045640003
Quick Ratio 0.586
Quote Source Name Delayed Quote
Quote Type EQUITY
Recommendation Key hold
Recommendation Mean 2.92308
Region US
Regular Market Change -0.21
Regular Market Change Percent -1.77515
Regular Market Day High 12.11
Regular Market Day Low 11.47
Regular Market Day Range 11.47 - 12.11
Regular Market Open 11.9
Regular Market Previous Close 11.83
Regular Market Price 11.62
Regular Market Time 1,787,947,202
Regular Market Volume 10,679,108
Return On Assets -0.01706
Return On Equity -0.13862
Revenue Growth 0.059
Revenue Per Share 35.156
Sand P52 Week Change 0.20504117
Sector Basic Materials
Sector Disp Basic Materials
Sector Key basic-materials
Share Holder Rights Risk 4
Shares Outstanding 570,540,047
Shares Percent Shares Out 0.14220001
Shares Short 81,120,317
Shares Short Previous Month Date 1,784,073,600
Shares Short Prior Month 83,596,285
Short Name Cleveland-Cliffs Inc.
Short Percent Of Float 0.1435
Short Ratio 3.42
Source Interval 15
State OH
Symbol CLF
Target High Price 15.0
Target Low Price 10.0
Target Mean Price 11.9
Target Median Price 12.0
Total Cash 70,000,000
Total Cash Per Share 0.123
Total Debt 7,722,999,808
Total Revenue 19,195,000,832
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Eps -1.54
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 11.3782
Two Hundred Day Average Change 0.24180031
Two Hundred Day Average Change Percent 0.021251192
Type Disp Equity
Volume 10,679,108
Website https://www.clevelandcliffs.com
Zip 44,114-2315