$CLF

Cleveland-Cliffs Inc. claims compliance with its Investment Canada Act commitments and seeks a meeting with Industry Minister Mélanie Joly to address layoffs at its subsidiary Stelco. The company expects Stelco's unionized employment to average 1,879, above the required 1,766, and salaried employment to average 627, above the required 603. The Canadian government disputes this, citing layoffs and advocacy for U.S. steel tariffs.

Cleveland-Cliffs (CLF) reported Q3 2026 adjusted earnings of $0.28 per share, beating estimates by 16.7%. Revenue rose 18.5% year-over-year to $5.61 billion. Higher steel prices and increased shipments drove results. CLF expects Q4 adjusted EBITDA of $715 million and over $4 billion in 2027, citing favorable market conditions.

Insider trading activity was disclosed for several US-listed stocks. AIM ImmunoTech's CEO bought 31,250 shares at $0.163 each. Waste Energy's CEO purchased 219,286 shares at $0.001 each. Cleveland-Cliffs' director bought 7,400 shares at $13.49 each. Saba Capital Management bought 2,600 shares of Ellsworth Growth & Income Fund. PIMCO Dynamic Income's major shareholder sold 3,800 shares. BETA Technologies' CEO sold 30,000 shares. Teradyne's director sold 400 shares.

BlackBerry CEO John Giamatteo sold 250,000 shares. Insider transactions also occurred at Accenture and Cleveland-Cliffs this week. These trades may indicate insider confidence or strategy shifts.

Cleveland-Cliffs (CLF) stock surged 7% to $14.02 after beating EPS expectations for the fourth straight quarter, with adjusted EPS of $0.28. Steel Dynamics (STLD) and Nucor (NUE) also rose, up 3% and 2% respectively. The VanEck Steel ETF (SLX) fell 0.6% despite U.S. steel gains, reflecting broader market softness.

Cleveland-Cliffs Inc. rose 6.7% to $13.93 after six analysts raised price targets by an average of 14.1%. B. Riley Securities upgraded to Buy with a $18 target, while others adjusted targets between $11 and $17. The steel producer's market cap reached $7.9B. Analysts cited improved prospects, though ratings varied.

Camara Edilson purchased 7,400 shares of CLEVELAND-CLIFFS INC. (CLF) at $13.49 on 2026-10-22.

Cleveland-Cliffs reported Q3 2026 adjusted EBITDA of 612 million USD, up from Q2, and expects over 4 billion USD in 2027 under similar conditions. The company also reported a 12-month operating loss of 797 million USD and negative free cash flow of 857 million USD. It guided Q4 EBITDA at 715 million USD with higher average prices. The company warned of global overcapacity and noted contract renegotiations could add over 1 billion USD in EBITDA.

Cleveland-Cliffs Inc. (CLF) shares fell 5.1% on October 22, 2026, due to concerns over steel demand and pricing. The company's Stelco unit in Canada plans to idle operations indefinitely, citing unsustainable market conditions under U.S. tariffs. CLF reported $18.61B in revenue over the last year, with mixed profitability. Analysts remain cautious, with Barclays and JPMorgan setting price targets of $11 and $12, respectively, and maintaining Underweight and Neutral ratings.

Barclays maintained an 'Underweight' rating on Cleveland-Cliffs (CLF) but raised its price target to $12.00. The stock is trading at a 20% premium to its GF Value™ of $11.25, according to GuruFocus. CLF has a GF Score™ of 75, with strengths in profitability and momentum, but weak financial strength. 9 gurus hold the stock, with mixed activity.