Cleveland-Cliffs (CLF)
NYSEMaterialsSteelSnapshot 2026-11-04
$12.84-9.19%
Close 2026-11-04 · 1-day change
NYSEMaterialsSteelSnapshot 2026-11-04
Research Workspace
Put CLF beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Materials: fringe margins under pressure (0q confirmed)
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
The reason to own it still holds.
View ThesisRevenue is growing steadily — about 8% over the past year.
View GrowthRanks in the weakest quality tier of its industry — roughly the bottom 19%, softest on free-cash-flow margins.
View QualityManagement screens weak on capital allocation, the balance sheet, market reaction to earnings.
View ManagementExpectations look reasonable — what the market is pricing in sits in line with or below what analysts forecast.
View ValuationThis stock is volatile — it swings about 2% on a typical day and fell roughly 48% in its worst 12-month stretch.
View RiskCLF's path to over $4B in 2027 earnings must keep compounding. The company beat Q3 estimates by 16.7%. It trades at 0.4x sales versus a 1.3x peer median. The price reflects less growth than we forecast. Tariff-related plant idling threatens production and profitability. Peer multiples imply a price about 18% above where it trades. This read is provisional. Our read remains intact.
End-of-day figures as of 2026-11-04. EPS is implied from price ÷ P/E. Not investment advice.
Trailing returns as of 2026-11-04. CLF is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 13 analysts currently covering CLF (as of Nov 2026).
Based on 7 Wall Street analysts offering 12-month price targets for CLF in the last 4 months.
Current $12.84
The last 12 months of price, then the range of analyst 12-month targets from today’s $12.84.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
Continue this research
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| CLF Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 4 valuation methods, at three horizons. As of 2026-11-04. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A long-thesis check that carries the widest uncertainty of the three horizons.
Below average on quality vs scored peers
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
TTM earnings are negative. P/E-based methods drop out and the estimate leans on sales- and cash-flow-based methods. A data condition, not a forward call.
A price-focused, side-by-side fair-value read versus Steel — fair value, gap to price, and forward P/E.
Compare the value case
Put CLF next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Retaining Stelco amid a government jobs dispute may constrain strategic options and add integration or regulatory risk.
Company confirmation of Stelco undertaking compliance reduces regulatory uncertainty.
Advances: Improve earnings and operating profitability
Upbeat Q3 results support improving profitability and operating performance.
Advances: Improve earnings and operating profitability
Record post-takeover quarter indicates Stelco earnings strength, though layoffs add context.
Advances: Improve earnings and operating profitability
Q4 EBITDA outlook and 2027 earnings path materially strengthen the profitability outlook.
Advances: Improve earnings and operating profitability
Bumper 2027 profit forecast materially improves the forward earnings case.
Advances: Improve earnings and operating profitability
Q3 earnings beat provides evidence of stronger profitability.
Electrical-steel expansion update supports higher-value product growth, though scale is limited.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.