Cleveland-Cliffs gains as strong earnings and a higher outlook keep momentum going

Cleveland-Cliffs (CLF) is up 7.5% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to continued momentum after Cleveland-Cliffs posted its strongest quarter in three years and outlined a meaningfully better earnings outlook for late 2026 and 2027. Investors also seem to be reacting to follow-through from fresh analyst target hikes after the report, which added support to the improving steel-pricing and deleveraging story. ([clevelandcliffs.com](https://www.clevelandcliffs.com/investors/news-events/press-releases/detail/705/cleveland-cliffs-reports-third-quarter-2026-results))

Details:

Sources:

Cleveland-Cliffs ([clevelandcliffs.com](https://www.clevelandcliffs.com/investors/news-events/press-releases/detail/705/cleveland-cliffs-reports-third-quarter-2026-results)), Benzinga ([benzinga.com](https://www.benzinga.com/quote/CLF/price-targets?utm_source=openai)), Stock Analysis ([stockanalysis.com](https://stockanalysis.com/stocks/clf/?utm_source=openai))

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$CLF Insider Trading Activity

$CLF insiders have traded $CLF stock on the open market 2 times in the past 6 months. Of those trades, 1 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $CLF stock by insiders over the last 6 months:

• CELSO L JR GONCALVES (EVP, CFO) sold 214,308 shares for an estimated $2,874,641
• EDILSON CAMARA purchased 7,400 shares for an estimated $99,826

To track insider transactions, check out Investivoq's insider trading dashboard. You can access data on insider stock transactions through the Investivoq API insider transaction endpoint.

$CLF Hedge Fund Activity

We have seen 271 institutional investors add shares of $CLF stock to their portfolio, and 264 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

• MAPLE ROCK CAPITAL PARTNERS INC. removed 17,662,400 shares (-85.1%) from their portfolio in Q2 2026, for an estimated $165,849,936
• SLATE PATH CAPITAL LP added 9,166,100 shares (+47.6%) to their portfolio in Q2 2026, for an estimated $86,069,679
• SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 7,897,840 shares (+inf%) to their portfolio in Q2 2026, for an estimated $74,160,717
• TURIYA ADVISORS ASIA LTD removed 7,655,711 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $71,887,126
• POINTSTATE CAPITAL LP added 6,582,026 shares (+inf%) to their portfolio in Q2 2026, for an estimated $61,805,224
• AVALA GLOBAL LP added 6,211,390 shares (+inf%) to their portfolio in Q2 2026, for an estimated $58,324,952
• ENCOMPASS CAPITAL ADVISORS LLC added 5,113,625 shares (+inf%) to their portfolio in Q2 2026, for an estimated $48,016,938

To track hedge funds' stock portfolios, check out Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq API 13F endpoint.

$CLF Price Targets

Multiple analysts have issued price targets for $CLF recently. We have seen 7 analysts offer price targets for $CLF in the last 6 months, with a median target of $11.5.

Here are some recent targets:

• Timna Tanners from Wells Fargo set a target price of $9.0 on 07/09/2026
• Lawson Winder from B of A Securities set a target price of $11.5 on 07/09/2026
• Alexander Hacking from Citigroup set a target price of $10.0 on 07/07/2026
• Carlos De Alba from Morgan Stanley set a target price of $12.5 on 06/22/2026
• Bill Peterson from JP Morgan set a target price of $13.0 on 06/10/2026
• Gordon L. Johnson from GLJ Research set a target price of $15.01 on 06/09/2026
• Richard Garchitorena from Barclays set a target price of $9.0 on 05/22/2026

This article is not financial advice. See Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.