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Cleveland-Cliffs Inc. (CLF)

Basic Materials | Steel | Cleveland, United States | NYSE
12.28 USD +0.13 (1.029%) ⇧ (Oct. 16, 2026, 12:58 p.m. EDT)

Short-term:★★★⯪☆Long-term:★★⯪☆☆Dividends:☆☆☆☆☆
Hot Take ↕ | Oct. 10, 2026, 11:01 a.m. EDT

The immediate catalyst here is the recent earnings beat and optimistic guidance, which has successfully ignited a short-term bullish narrative. However, the fundamental reality is starkly different: the company is currently losing money, with negative profit margins and a massive debt load relative to equity. While the stock trades at a low multiple compared to sales, the negative return on equity and operating cash flow suggest the business is struggling to generate sustainable capital. The options market reflects this tension; traders are betting on a volatile bounce around the current price but are not aggressively pricing in a massive expansion of value yet. The statistical forecasting model offers no help, showing a weak signal amidst noisy price action. Consequently, while the momentum is temporarily positive due to the earnings surprise, the underlying business quality does not support a high-conviction long-term buy at this time.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoETS ✓0.037720
AutoARIMA0.038528
AutoTheta0.050327
MSTL0.096563

Forecast horizon: 45 days | Selected: AutoETS

Forecast Reliability
Score 38%
H-stat 1.89
Ljung-Box p 0.000
Jarque-Bera p 0.342
Excess Kurtosis -0.80
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 7,003,378,688
Forward P/E 12.92
Beta 2.09
Profit Margins -4.56%
Website https://www.clevelandcliffs.com

As of Oct. 10, 2026, 11:01 a.m. EDT: Speculators are positioning for continued volatility rather than a clear directional breakout. Call open interest is heavily concentrated at the $13 strike, acting as a major resistance wall, while put volume remains robust near the money ($11-$12 strikes). The skew shows significant hedging activity (high IV on deep OTM puts) alongside speculative buying of near-the-money calls, suggesting traders expect the stock to oscillate within a tight range rather than surge immediately. The lack of massive volume spikes in deep ITM calls indicates limited conviction in an immediate parabolic move.


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
dividendYield 0.0
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 -0.087837815
Address1 200 Public Square
Address2 Suite 3300
All Time High 121.95
All Time Low 0.75
Ask 12.33
Ask Size 900
Audit Risk 8
Average Analyst Rating 2.8 - Hold
Average Daily Volume10 Day 18,449,640
Average Daily Volume3 Month 18,745,981
Average Volume 18,745,981
Average Volume10Days 18,449,640
Beta 2.093
Bid 12.32
Bid Size 1,100
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 12.275
Current Ratio 1.89
Custom Price Alert Confidence HIGH
Date Short Interest 1,790,726,400
Day High 12.69
Day Low 12.07
Debt To Equity 132.743
Display Name Cleveland-Cliffs
Dividend Date 1,586,908,800
Dividend Yield 0.0
Earnings Call Timestamp End 1,792,440,000
Earnings Call Timestamp Start 1,792,440,000
Earnings Timestamp 1,792,413,000
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 28.736
Enterprise To Revenue 0.771
Enterprise Value 14,799,062,016
Eps Current Year -0.17292
Eps Forward 0.95009
Eps Trailing Twelve Months -1.61
Esg Populated 0
Ex Dividend Date 1,585,785,600
Exchange NYQ
Exchange Data Delayed By 20
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 12.0124
Fifty Day Average Change 0.26259995
Fifty Day Average Change Percent 0.02186074
Fifty Two Week Change Percent -8.783781
Fifty Two Week High 16.7
Fifty Two Week High Change -4.425001
Fifty Two Week High Change Percent -0.26497012
Fifty Two Week Low 7.73
Fifty Two Week Low Change 4.5449996
Fifty Two Week Low Change Percent 0.5879689
Fifty Two Week Range 7.73 - 16.7
Financial Currency USD
First Trade Date Milliseconds 99,153,000,000
Five Year Avg Dividend Yield 4.34
Float Shares 564,435,268
Forward Eps 0.95009
Forward P E 12.919828
Free Cashflow 6,125,000
Full Exchange Name NYSE
Full Time Employees 25,000
Fullday Change 0.125
Fullday Change Percent 1.0288066
Fullday Price 12.275
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,790,812,800
Gross Margins -0.01052
Gross Profits -202,000,000
Has Pre Post Market Data 1
Held Percent Insiders 0.00858
Held Percent Institutions 0.83867997
Implied Shares Outstanding 570,540,047
Industry Steel
Industry Disp Steel
Industry Key steel
Ir Website http://ir.cliffsnaturalresources.com/
Is Earnings Date Estimate 0
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 7,003,378,688
Market State REGULAR
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 7,342,850,404
Number Of Analyst Opinions 10
Open 12.07
Operating Cashflow -251,000,000
Operating Margins 0.0034400001
Overall Risk 3
Payout Ratio 0.0
Peg Ratio 0.43
Phone 216 694 5700
Previous Close 12.15
Price Eps Current Year -70.98658
Price Hint 2
Price To Book 1.2497455
Price To Sales Trailing12 Months 0.3648543
Profit Margins -0.045640003
Quick Ratio 0.586
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key hold
Recommendation Mean 2.76923
Region US
Regular Market Change 0.125
Regular Market Change Percent 1.0288066
Regular Market Day High 12.69
Regular Market Day Low 12.07
Regular Market Day Range 12.07 - 12.69
Regular Market Open 12.07
Regular Market Previous Close 12.15
Regular Market Price 12.275
Regular Market Time 1,792,169,900
Regular Market Volume 10,035,805
Return On Assets -0.01706
Return On Equity -0.13862
Revenue Growth 0.059
Revenue Per Share 35.156
Sand P52 Week Change 0.16207206
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 0.1376
Shares Short 78,521,009
Shares Short Previous Month Date 1,788,134,400
Shares Short Prior Month 79,602,385
Short Name Cleveland-Cliffs Inc.
Short Percent Of Float 0.1389
Short Ratio 5.64
Source Interval 15
State OH
Symbol CLF
Target High Price 15.0
Target Low Price 10.0
Target Mean Price 12.6
Target Median Price 12.25
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 -1.61
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 11.33885
Two Hundred Day Average Change 0.9361496
Two Hundred Day Average Change Percent 0.08256125
Type Disp Equity
Volume 10,035,805
Website https://www.clevelandcliffs.com
Zip 44,114-2315