Cleveland-Cliffs stock holds near yearly lows as losses persist

Published on 09/22/2026 at 19:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Cleveland-Cliffs stock traded at USD 12.33 on September 22, 2026, after a 2.24 percent rise. Q2 FY26 revenue reached USD 5.23 billion, but earnings were negative.

CLF, US1858991011, Illustration mit AI erstellt.

Cleveland-Cliffs Inc. (ISIN US1858991011) traded at USD 12.33 on the NYSE as of September 22, 2026, up USD 0.27 or 2.24 percent from the prior close. The move leaves the steelmaker below its 52-week high of USD 16.70 and above the 52-week low of USD 7.74, making the earnings outlook more important than the daily rebound.

Revenue reaches USD 5.23 billion

The latest reported quarterly data point to substantial operating scale but continued earnings pressure. In Q2 FY26, revenue was USD 5.23 billion and earnings were negative USD 145 million, according to Yahoo Finance data dated September 21, 2026.

The comparison is forward-looking rather than a profit turnaround: the current-quarter revenue consensus is USD 5.6 billion, representing an 18.3 percent year-over-year increase, according to Zacks on September 22, 2026. That gap between higher expected sales and the Q2 loss leaves margins and costs as the central operating issue.

Analyst target moves to USD 17.48

GLJ Research maintained a Buy rating and raised its price target from USD 15.60 to USD 17.48 on September 21, 2026, as recorded by Yahoo Finance. The new target is USD 5.15 above the September 22 intraday quote, while the broader consensus shown by MarketBeat is a Hold rating with a USD 12.25 target, according to MarketBeat on September 22, 2026.

The spread between GLJ Research's USD 17.48 target and the USD 12.25 consensus target is USD 5.23. It captures the stock's main tension: projected revenue growth is visible, but the latest quarter still showed a negative USD 145 million result.

Stock remains below USD 16.70

At USD 12.33 on September 22, 2026, Cleveland-Cliffs stock was USD 4.37 below its 52-week high and USD 4.59 above its 52-week low. Market capitalization was about USD 6.97 billion, while the quoted daily range extended from USD 12.09 to USD 12.35.

For investors, the next valuation signal is the conversion of the projected USD 5.6 billion quarterly revenue into earnings. The current figures offer a measurable test: revenue is expected to rise 18.3 percent year over year, while Q2 FY26 earnings were negative USD 145 million.

CLF closes at USD 12.33

Cleveland-Cliffs stock traded at USD 12.33 on the NYSE as of September 22, 2026, up 2.24 percent on the session. The price remained below the 52-week high of USD 16.70.