The Goldman Sachs Group Begins Coverage on Cleveland-Cliffs (NYSE:CLF)

Investment analysts at The Goldman Sachs Group assumed coverage on shares of Cleveland-Cliffs (NYSE:CLF) in a research report issued on Wednesday, Marketbeat.com reports. The firm set a “neutral” rating and a $9.00 price target on the mining company’s stock. The Goldman Sachs Group’s target price would indicate a potential upside of 7.08% from the company’s current price.

Several other research firms have also recently issued reports on CLF. Citigroup boosted their target price on Cleveland-Cliffs from $11.00 to $13.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th. Wells Fargo & Company decreased their price target on Cleveland-Cliffs from $12.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 19th. Glj Research reaffirmed a “sell” rating and set a $9.42 price objective on shares of Cleveland-Cliffs in a report on Monday, March 16th. KeyCorp began coverage on Cleveland-Cliffs in a research report on Wednesday, March 25th. They issued a “sector weight” rating for the company. Finally, Morgan Stanley raised Cleveland-Cliffs from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $12.80 to $17.00 in a report on Friday, January 9th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Cleveland-Cliffs currently has a consensus rating of “Hold” and an average target price of $12.99.

Cleveland-Cliffs Stock Up 1.6%

CLF stock opened at $8.41 on Wednesday. The stock has a market capitalization of $4.79 billion, a PE ratio of -2.88 and a beta of 1.91. The company has a fifty day moving average of $10.73 and a 200-day moving average of $12.01. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.50 and a current ratio of 1.95. Cleveland-Cliffs has a one year low of $5.63 and a one year high of $16.70.

Cleveland-Cliffs (NYSE:CLF) last issued its quarterly earnings results on Monday, February 9th. The mining company reported ($0.43) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.62) by $0.19. The business had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.60 billion. Cleveland-Cliffs had a negative net margin of 7.91% and a negative return on equity of 18.94%. The business’s revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.68) earnings per share. As a group, analysts expect that Cleveland-Cliffs will post -0.79 EPS for the current year.

Insider Buying and Selling

In other Cleveland-Cliffs news, Director Edilson Camara bought 19,700 shares of the company’s stock in a transaction on Friday, February 13th. The stock was purchased at an average cost of $10.13 per share, for a total transaction of $199,561.00. Following the acquisition, the director owned 41,983 shares of the company’s stock, valued at $425,287.79. The trade was a 88.41% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Clifford T. Smith sold 200,000 shares of Cleveland-Cliffs stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $10.46, for a total transaction of $2,092,000.00. Following the transaction, the chief operating officer owned 560,529 shares of the company’s stock, valued at approximately $5,863,133.34. The trade was a 26.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.71% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Strengthening Families & Communities LLC lifted its stake in Cleveland-Cliffs by 4,315.6% in the 3rd quarter. Strengthening Families & Communities LLC now owns 1,987 shares of the mining company’s stock valued at $25,000 after buying an additional 1,942 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in Cleveland-Cliffs during the 4th quarter valued at $25,000. IFP Advisors Inc increased its position in Cleveland-Cliffs by 117.5% during the fourth quarter. IFP Advisors Inc now owns 2,221 shares of the mining company’s stock worth $29,000 after buying an additional 1,200 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its position in Cleveland-Cliffs by 94.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,505 shares of the mining company’s stock worth $33,000 after buying an additional 1,214 shares in the last quarter. Finally, CIBC Private Wealth Group LLC raised its holdings in shares of Cleveland-Cliffs by 306.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,461 shares of the mining company’s stock worth $33,000 after acquiring an additional 1,855 shares during the last quarter. 67.68% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Cleveland-Cliffs

Here are the key news stories impacting Cleveland-Cliffs this week:

• Positive Sentiment: Upcoming earnings/call on April 20 — a clear near-term catalyst that could move the stock depending on results, margins and forward guidance; investors should watch for EBITDA/steel demand commentary. Cleveland-Cliffs to Announce First-Quarter 2026 Earnings Results and Host Conference Call on April 20
• Neutral Sentiment: Goldman Sachs initiated coverage with a Neutral rating and a $9 price target — provides institutional validation and a benchmark PT (roughly single-digit upside from current levels) but is not a bullish endorsement. Cleveland-Cliffs (NYSE:CLF) Coverage Initiated by Analysts at The Goldman Sachs Group
• Neutral Sentiment: Trending / attention pieces from Zacks/Yahoo show elevated retail interest — increases volume and volatility risk but doesn’t change fundamentals. Cleveland-Cliffs Inc. (CLF) Is a Trending Stock: Facts to Know Before Betting on It
• Negative Sentiment: Recent share-price weakness highlighted in valuation write-ups — steep declines over recent months (noted 21% last month, ~36% over 3 months) raise concerns about earnings visibility and cyclical demand for steel/iron. Assessing Cleveland-Cliffs (CLF) Valuation After Recent Share Price Weakness
• Negative Sentiment: Near-term selling pressure reported (recent session noted the stock closed lower) — a reminder of short-term volatility ahead of earnings. Cleveland-Cliffs (CLF) Stock Sinks As Market Gains: What You Should Know

Cleveland-Cliffs Company Profile

Cleveland-Cliffs Inc is a leading North American producer of iron ore pellets and flat-rolled steel products. Tracing its roots to 1847, the company has evolved from an iron-ore mining concern in the Great Lakes region into a fully integrated steelmaker. Today, Cleveland-Cliffs operates iron ore mining complexes in Michigan and Minnesota as well as steelmaking and finishing facilities across the United States.

The company’s integrated platform begins with direct control of key raw materials, including iron ore and scrap, and extends through every stage of steel production.