Cleveland-Cliffs Inc. ($CLF) Stock Forecast: Up 7.3% Today

What is Cleveland-Cliffs Inc.?

Cleveland-Cliffs (CLF) witnessed a strong bullish movement today within a sector-wide rally.

Why is Cleveland-Cliffs Inc. going up?

CLF stock is up 7.3% on Jun 12, 2026 14:21

• CLF stock surged 8.6% as part of a broader steel sector rally, signaling a positive shift in investor sentiment possibly due to improved pricing or demand outlook.
• The company's settlement regarding mishandled waste in Ohio might have initially caused uncertainty, but did not significantly affect the stock's bullish momentum.
• An upgrade from Sell to Hold by GLJ Research, driven by the increase in U.S. Hot-Rolled Coil prices, added to the positive outlook for CLF.
• Despite some concerns raised by Barclays with an "Underweight" rating regarding steel demand and profitability, the stock continued its bullish movement, displaying resilience in the face of differing opinions and financial challenges.

CLF Price Chart

CLF Technical Analysis

CLF News

Cleveland-Cliffs Jumps 8.6% Amid Sector-Wide Rally

Cleveland-Cliffs (CLF) stock surged 8.6% on Thursday, closing at $13.48, as the steel producer benefited from a broad sector-wide rally that saw other major steel companies also make significant gains. This coordinated advance suggests a positive shift in investor sentiment for the steel sector, potentially driven by factors like improved pricing or demand outlook, and was further supported by recent constructive analyst activity for Cleveland-Cliffs. Investors are advised to monitor for continued momentum and further industry commentary.

https://news.alphastreet.com/cleveland-cliffs-jumps-8-6-amid-sector-wide-rally/

Cleveland-Cliffs Settles with Ohio Over Mishandled Waste

Cleveland-Cliffs Inc. has reached a settlement with Ohio's attorney general regarding allegations of improperly handling waste and radioactive equipment on its Cleveland property. The steel manufacturer agreed to clean up and restore contaminated sites within six months, maintain insurance for the site, and post a $150,000 bond with the state. Additionally, the company will provide $100,000 to the state for water quality improvement projects.

https://news.bloomberglaw.com/business-and-practice/cleveland-cliffs-settles-with-ohio-over-mishandled-waste

Cleveland-Cliffs (CLF) Sees a More Significant Dip Than Broader Market: Some Facts to Know

Cleveland-Cliffs (CLF) stock experienced a -2.44% dip, underperforming the broader market indices like the S&P 500, Dow, and Nasdaq in the latest trading session. Despite this, the mining company's shares have appreciated by 17.89% over the past month, outperforming its sector. Analysts are anticipating a significant increase in EPS for its upcoming earnings disclosure, projecting a 72% rise from the prior year's quarter and a 5.49% increase in revenue.

https://au.finance.yahoo.com/news/cleveland-cliffs-clf-sees-more-220004121.html

Cleveland-Cliffs raised to Hold from Sell at GLJ as U.S. HRC continues to grind higher (CLF:NYSE)

GLJ Research upgraded Cleveland-Cliffs (CLF) stock from Sell to Hold, citing a "material change in the evidence" and setting a price target of ~$15. This upgrade comes as U.S. Hot-Rolled Coil (HRC) prices continue to rise, influencing the firm's outlook on the steel producer. Despite the upgrade, CLF shares were down slightly in Tuesday's trading.

https://seekingalpha.com/news/4601921-cleveland-cliffs-raised-to-hold-from-sell-at-glj-as-us-hrc-continues-to-grind-higher

CLF Stock Slips Onto Watchlists After Barclays Underweight Call

Cleveland-Cliffs Inc. (CLF) stock experienced a significant drop after Barclays initiated coverage with an "Underweight" rating and a $9 price target, citing concerns over weakening steel demand, thin profitability, and high debt. Despite Barclays being generally constructive on the steel sector, their specific bearish stance on CLF highlights stock-specific risks. The article advises traders to focus on key price levels and volatility, rather than chasing moves, given the conflicting opinions and the company's financial challenges.

https://www.timothysykes.com/news/cleveland-cliffs-inc-clf-news-2026_06_08/

Trending Today

Bitcoin ($BTC) Crypto Forecast: Up 5.0% Today

SNDL Inc. ($SNDL) Stock Forecast: Down 4.1% Today

Ubiquiti ($UI) Stock Forecast: Down 5.1% Today

Bumble Inc. ($BMBL) Stock Forecast: Up 5.1% Today

10x Genomics, Inc. ($TXG) Stock Forecast: Up 5.6% Today

Shiba Inu ($SHIB) Crypto Forecast: Up 5.1% Today

Fox Corporation ($FOXA) Stock Forecast: Down 0.6% Today

Ethereum ($ETH) Crypto Forecast: Up 9.2% Today

Stitch Fix Inc. ($SFIX) Stock Forecast: Up 5.1% Today

SBA Communications Corporation ($SBAC) Stock Forecast: Down 5.9% Today

Cleveland-Cliffs Inc. Price History

03.05.2026 - CLF Stock was down 5.1%

• Recently, the stock saw an 8.6% increase, but presently it is regarded as overvalued with a high P/E ratio, signaling the need for caution due to potential overvaluation.
• Despite a general upturn in the sector, CLF's decline today may be linked to profit-taking following a substantial surge, particularly after its recent 7-day winning streak.
• The absence of analyst ratings and earnings data for CLF may have contributed to investor uncertainty, potentially prompting today's downward movement.
• Trefis' cautionary statement labeling CLF as "Unattractive" due to weakened operational performance and financial status could have influenced investors to divest their holdings, contributing to the bearish movement.

27.04.2026 - CLF Stock was up 7.9%

• CLF stock saw a significant rise following the company's Q1 2026 earnings report, surpassing earnings per share expectations and posting a substantial increase in quarterly revenue.
• Despite concerns raised about CLF's valuation compared to its peers, investors showed positivity towards the company's performance and growth outlook.
• Positive sentiment was also driven by the approval of nominated directors, executive compensation, and the reappointment of Deloitte as the independent auditor during the annual meeting, indicating confidence in the company's leadership and financial governance.
• The collaboration with Palantir Technologies to integrate AI solutions in manufacturing operations potentially piqued investor interest, underlining the company's focus on innovation and efficiency in its business operations.

29.04.2026 - CLF Stock was up 5.5%

• Cleveland-Cliffs stock rose by 31% during a six-day positive streak, driven by increased investor interest in U.S. steel prices and the company's optimistic prospects for 2026.
• Shares of the company increased by over 7% after announcements of winning the "Supplier of the Year" award from General Motors and forming a strategic partnership for an enterprise AI platform with Palantir.
• Despite grappling with challenges like negative net income and free cash flow, the stock's performance is heavily influenced by U.S. steel prices and industrial trends.
• Barclays' decision to initiate coverage with an Underweight rating and express concerns about higher leverage as compared to industry peers might have impacted investor confidence. Nonetheless, the overall positive developments and future prospects of Cleveland-Cliffs contributed to the upward movement in the stock price.

09.05.2026 - CLF Stock was down 5.7%

• CLF stock experienced a significant drop after receiving an "Underweight" rating and a $9 price target from Barclays. This was attributed to concerns over weakening steel demand, thin profitability, and high debt.
• Despite recent positive developments, such as reduced U.S. steel tariffs and being named General Motors' 2025 Supplier of the Year, investor sentiment remained bearish due to Barclays' cautious outlook on company-specific risks.
• An insider stock sale by the Executive Vice President and CFO may have contributed to the negative market sentiment, suggesting decreased confidence from within the company.
• Traders are advised to closely monitor key price levels and volatility, taking into account the differing opinions and financial difficulties faced by Cleveland-Cliffs.

27.04.2026 - CLF Stock was up 5.7%

• CLF outperformed expectations in its Q1 2026 earnings, revealing a narrower loss than anticipated and a notable 6.3% uptick in quarterly revenue, which has bolstered investor confidence.
• Shareholders of CLF approved the company's proposed directors, endorsed executive compensation, and confirmed Deloitte & Touche LLP as the independent auditor, demonstrating trust in the company's leadership and financial oversight.
• The recent collaboration with Palantir Technologies to integrate AI solutions into manufacturing processes may have stimulated optimism regarding potential enhancements in operational efficiency and cost savings, potentially contributing to the stock's positive momentum.
• Despite the encouraging developments, a "Sell" rating from Zacks Investment Research based on consistent outlook and declining earnings projections could signal concerns about the sustainability of CLF's current market trend.

12.05.2026 - CLF Stock was up 7.3%

• CLF stock surged 8.6% as part of a broader steel sector rally, signaling a positive shift in investor sentiment possibly due to improved pricing or demand outlook.
• The company's settlement regarding mishandled waste in Ohio might have initially caused uncertainty, but did not significantly affect the stock's bullish momentum.
• An upgrade from Sell to Hold by GLJ Research, driven by the increase in U.S. Hot-Rolled Coil prices, added to the positive outlook for CLF.
• Despite some concerns raised by Barclays with an "Underweight" rating regarding steel demand and profitability, the stock continued its bullish movement, displaying resilience in the face of differing opinions and financial challenges.

15.04.2026 - CLF Stock was down 5.2%

• The approval of board elections, strategic focus on key steel markets, and debt reduction plans at the AGM could have been perceived as less ambitious or impactful by investors, leading to a bearish sentiment.
• Despite a strong Q1 report and increased investor interest, the conflicting valuation models (narrative-driven vs. DCF) may have caused uncertainty among investors, contributing to the bearish movement.
• The rising short interest in CLF indicates a potential negative sentiment or skepticism in the market, which could have further fueled the bearish movement.

22.04.2026 - CLF Stock was up 5.4%

• CLF stock experienced a strong bullish movement today.
• Shareholders elected all nominated directors, approved executive compensation, and ratified Deloitte & Touche LLP as the independent auditor for 2026 at the annual meeting, signaling confidence in the company's leadership and financial oversight.
• The company recently reported a narrower-than-expected loss for Q1 2026 and announced a partnership with Palantir Technologies to implement AI solutions in its manufacturing operations, boosting investor sentiment.
• Despite a "Sell" rating from Zacks Investment Research due to unchanged outlook with downward-trending earnings estimates, positive developments and shareholder support drove the stock's upward momentum.

02.05.2026 - CLF Stock was up 6.6%

• CLF stock has surged by 31%, outperforming major indices, reflecting strong investor confidence in the company's future outlook.
• This positive trend is driven by optimistic projections for 2026, supported by solid U.S. steel pricing and increased demand from the automotive sector and infrastructure projects.
• Despite the stock's impressive performance, concerns have been raised about CLF's weak operating performance and financial standing, advising investors to proceed with caution.
• The anticipated earnings report, projecting improvements in EPS and revenue, reinforces the optimistic outlook for CLF and hints at potential growth ahead.

12.04.2026 - CLF Stock was down 5.1%

• Despite a bullish signal for CLF shares, the market showed a bearish movement today.
• High short interest positions could have triggered profit-taking by short sellers and contributed to the downward trend.
• Investor reactions to broader market conditions or industry news might have influenced the decline in CLF's stock price.

28.04.2026 - CLF Stock was up 5.2%

• CLF stock surged over 7% following positive news and developments, including winning the ninth "Supplier of the Year" award from General Motors and forming a strategic partnership with Palantir for an AI platform.
• Goldman Sachs raised CLF's price target, citing a favorable steel pricing environment, which contributed to investor optimism.
• Despite recent challenges such as negative net income and free cash flow, the market responded positively to the company's growth in quarterly revenue and better-than-expected earnings report.
• Barclays' initiation of coverage with an Underweight rating and concerns over valuation multiples compared to peers did not seem to deter the bullish momentum, as investors focused on the company's strategic partnerships and positive earnings results.

11.05.2026 - CLF Stock was up 5.5%

• CLF was upgraded from Sell to Hold by GLJ Research with a price target of $15, highlighting the impact of rising U.S. Hot-Rolled Coil prices on the stock.
• Barclays gave CLF an "Underweight" rating with a $9 price target, expressing concerns about weakening steel demand, profitability, and high debt, resulting in a stock decline.
• Recent positive stock performance driven by sector optimism and tariff changes has been overshadowed by an insider stock sale by the Executive VP & CFO at CLF, possibly contributing to bearish sentiment.
• Due to conflicting analyst opinions and financial challenges faced by the company, CLF is now being closely watched as a controversial stock by active traders.