Cleveland-Cliffs (NYSE:CLF) CEO Lourenco Goncalves Sells 3,000,000 Shares

Cleveland-Cliffs Inc. (NYSE:CLF) CEO Lourenco Goncalves sold 3,000,000 shares of the company’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $12.42, for a total transaction of $37,260,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Cleveland-Cliffs Price Performance

Shares of CLF stock opened at $12.47 on Thursday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.95 and a quick ratio of 0.61. The company has a market capitalization of $7.11 billion, a PE ratio of -4.27 and a beta of 1.93. The firm’s 50-day moving average is $13.44 and its two-hundred day moving average is $12.27. Cleveland-Cliffs Inc. has a 12 month low of $5.63 and a 12 month high of $16.70.

Cleveland-Cliffs (NYSE:CLF) last announced 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. Cleveland-Cliffs had a negative net margin of 7.91% and a negative return on equity of 18.94%. The business had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.60 billion. During the same quarter last year, the firm earned ($0.68) EPS. The business’s revenue was down .3% compared to the same quarter last year. Analysts predict that Cleveland-Cliffs Inc. will post -0.79 earnings per share for the current year.

Key Cleveland-Cliffs News

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

• Positive Sentiment: Q4 EPS beat and narrowed loss; management gave a constructive 2026 outlook pointing to cost discipline, steady capex (~$700M) and modest shipment growth (≈16.8M tons) that could drive recovery. Article Title
• Positive Sentiment: Auto market wins and trade shifts (tariffs supporting domestic steel) are presented as key drivers for 2026 volume and pricing recovery, which would disproportionately improve free cash flow as fixed costs are absorbed. Article Title
• Neutral Sentiment: Earnings call transcripts and analyst notes were published (useful for detail on guidance, Q1 cost outlook and the POSCO update) but provided mixed clarity; details should be parsed for cadence of shipments, contract resets and cost assumptions. Article Title
• Negative Sentiment: Revenue missed estimates (~6% miss), which triggered a sharp market selloff (reports of ~16–19% intraday declines) and spooked momentum traders. Article Title
• Negative Sentiment: POSCO partnership remained ambiguous on the call (timing and terms unclear), raising doubts about a near-term equity investment and removing a potential catalyst for the stock. Article Title
• Negative Sentiment: Analyst downside pressure (GLJ Research cut its price target and keeps a sell rating) plus public remarks from commentators (e.g., Jim Cramer) emphasizing weak macro activity and tariff-related headwinds. Article Title

Institutional Trading of Cleveland-Cliffs

Large investors have recently modified their holdings of the stock. Strengthening Families & Communities LLC boosted its holdings in Cleveland-Cliffs by 4,315.6% in the third quarter. Strengthening Families & Communities LLC now owns 1,987 shares of the mining company’s stock valued at $25,000 after purchasing an additional 1,942 shares during the period. Los Angeles Capital Management LLC purchased a new position in shares of Cleveland-Cliffs in the 4th quarter valued at about $25,000. Trust Co. of Toledo NA OH acquired a new position in shares of Cleveland-Cliffs during the second quarter worth about $27,000. IFP Advisors Inc lifted its stake in Cleveland-Cliffs by 117.5% in the fourth quarter. IFP Advisors Inc now owns 2,221 shares of the mining company’s stock worth $29,000 after acquiring an additional 1,200 shares during the last quarter. Finally, Winch Advisory Services LLC lifted its stake in Cleveland-Cliffs by 131.3% in the second quarter. Winch Advisory Services LLC now owns 4,070 shares of the mining company’s stock worth $31,000 after acquiring an additional 2,310 shares during the last quarter. Hedge funds and other institutional investors own 67.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CLF. KeyCorp downgraded Cleveland-Cliffs from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, January 7th. Bank of America lifted their price target on shares of Cleveland-Cliffs from $12.50 to $14.50 and gave the company a “neutral” rating in a research report on Tuesday, October 21st. The Goldman Sachs Group reissued a “buy” rating and issued a $15.00 price target on shares of Cleveland-Cliffs in a research note on Monday. Citigroup upped their price objective on shares of Cleveland-Cliffs from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Monday. Finally, UBS Group set a $15.00 target price on shares of Cleveland-Cliffs in a report on Monday, October 27th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $13.89.

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.