Cleveland-Cliffs
About: Cleveland-Cliffs Inc is a flat-rolled steel producer and manufacturer of iron ore pellets in North America. It is organized into four operating segments based on differentiated products, Steelmaking, Tubular, Tooling and Stamping and European Operations, but operates through one reportable segment -Steelmaking. It is vertically integrated from mined raw materials, direct reduced iron, and ferrous scrap to primary steelmaking and downstream finishing, stamping, tooling and tubing. It serves a diverse range of other markets due to its comprehensive offering of flat-rolled steel products. Geographically, it operates in the United States, Canada and other countries. The majority of revenue is from the United States. It is a supplier of steel to the automotive industry in North America.
Employees: 23,000
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
45% more repeat investments, than reductions
Existing positions increased: 219 | Existing positions reduced: 151
43% more call options, than puts
Call options by funds: $377M | Put options by funds: $264M
4% more first-time investments, than exits
New positions opened: 97 | Existing positions closed: 93
0% more funds holding in top 10
Funds holding in top 10: 5 [Q4 2024] → 5 (+0) [Q1 2025]
0.21% less ownership
Funds ownership: 72.77% [Q4 2024] → 72.56% (-0.21%) [Q1 2025]
1% less funds holding
Funds holding: 567 [Q4 2024] → 559 (-8) [Q1 2025]
13% less capital invested
Capital invested by funds: $3.37B [Q4 2024] → $2.95B (-$422M) [Q1 2025]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Jefferies Christopher LeFemina | 16%downside $6 | Hold Downgraded | 29 May 2025 |
GLJ Research Gordon Johnson | 45%downside $3.91 | Sell Downgraded | 28 May 2025 |
Goldman Sachs Mike Harris | 57%upside $11.25 | Buy Maintained | 12 May 2025 |
B. Riley Securities Nick Giles | 137%upside $17 | Buy Reiterated | 23 Apr 2025 |
Financial journalist opinion
Based on 65 articles about CLF published over the past 30 days









