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 Q2 regulatory disclosures by fund managers ($100M+ AUM)
61% more call options, than puts
Call options by funds: $229M | Put options by funds: $142M
40% more funds holding in top 10
Funds holding in top 10: 5 [Q1] → 7 (+2) [Q2]
3.64% more ownership
Funds ownership: 72.6% [Q1] → 76.25% (+3.64%) [Q2]
6% more repeat investments, than reductions
Existing positions increased: 191 | Existing positions reduced: 180
3% less capital invested
Capital invested by funds: $2.95B [Q1] → $2.87B (-$84.1M) [Q2]
8% less first-time investments, than exits
New positions opened: 81 | Existing positions closed: 88
2% less funds holding
Funds holding: 563 [Q1] → 550 (-13) [Q2]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
Wells Fargo | 5%downside $10 | Equal-Weight Initiated | 14 Aug 2025 |
JP Morgan Bill Peterson | 5%downside $10 | Neutral Maintained | 24 Jul 2025 |
Morgan Stanley Carlos De Alba | 0%downside $10.50 | Equal-Weight Maintained | 22 Jul 2025 |
Keybanc Philip Gibbs | 33%upside $14 | Overweight Upgraded | 22 Jul 2025 |
Citigroup Alexander Hacking | 4%upside $11 | Neutral Maintained | 21 Jul 2025 |
Financial journalist opinion
Based on 8 articles about CLF published over the past 30 days









