Cleveland-Cliffs Inc. $CLF Stock Holdings Increased by Principal Financial Group Inc.

Principal Financial Group Inc. grew its holdings in shares of Cleveland-Cliffs Inc. (NYSE:CLF) by 4.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 1,273,819 shares of the mining company’s stock after acquiring an additional 48,535 shares during the quarter. Principal Financial Group Inc. owned about 0.22% of Cleveland-Cliffs worth $10,764,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Y.D. More Investments Ltd acquired a new stake in Cleveland-Cliffs in the first quarter worth about $166,000. Tradewinds LLC. acquired a new position in Cleveland-Cliffs during the 1st quarter valued at about $277,000. International Assets Investment Management LLC raised its position in shares of Cleveland-Cliffs by 62.9% during the 1st quarter. International Assets Investment Management LLC now owns 229,976 shares of the mining company’s stock worth $1,902,000 after buying an additional 88,800 shares in the last quarter. 180 Wealth Advisors LLC raised its position in shares of Cleveland-Cliffs by 20.0% during the 1st quarter. 180 Wealth Advisors LLC now owns 88,769 shares of the mining company’s stock worth $750,000 after buying an additional 14,780 shares in the last quarter. Finally, Fifth Third Bancorp lifted its stake in shares of Cleveland-Cliffs by 2,165.8% in the 1st quarter. Fifth Third Bancorp now owns 144,697 shares of the mining company’s stock worth $1,223,000 after acquiring an additional 138,311 shares during the period. Institutional investors own 67.68% of the company’s stock.

Cleveland-Cliffs Stock Performance

Shares of NYSE CLF opened at $11.94 on Friday. The stock’s fifty day simple moving average is $11.29 and its 200 day simple moving average is $11.03. The stock has a market capitalization of $6.81 billion, a price-to-earnings ratio of -7.37 and a beta of 2.13. The company has a quick ratio of 0.64, a current ratio of 1.89 and a debt-to-equity ratio of 1.32. Cleveland-Cliffs Inc. has a 52-week low of $7.73 and a 52-week high of $16.70.

Cleveland-Cliffs (NYSE:CLF) last announced its earnings results on Thursday, July 23rd. The mining company reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.21) by $0.01. Cleveland-Cliffs had a negative return on equity of 13.37% and a negative net margin of 4.56%.The business had revenue of $5.23 billion during the quarter, compared to the consensus estimate of $5.15 billion. During the same period in the prior year, the business posted ($0.50) earnings per share. Cleveland-Cliffs’s revenue was up 5.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Cleveland-Cliffs Inc. will post -0.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on CLF. Barclays raised their price objective on shares of Cleveland-Cliffs from $9.00 to $10.00 and gave the company an “underweight” rating in a research note on Friday. Bank of America decreased their price target on Cleveland-Cliffs from $14.00 to $11.50 and set a “neutral” rating for the company in a research note on Thursday, July 9th. Argus raised Cleveland-Cliffs to a “hold” rating in a research note on Monday, April 6th. The Goldman Sachs Group restated a “neutral” rating and issued a $10.00 price objective on shares of Cleveland-Cliffs in a report on Friday, May 1st. Finally, Glj Research raised Cleveland-Cliffs from a “hold” rating to a “buy” rating and raised their target price for the company from $15.01 to $15.60 in a research note on Friday. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $11.86.

Insider Transactions at Cleveland-Cliffs

In other Cleveland-Cliffs news, EVP Celso L. Goncalves, Jr. sold 214,308 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $13.41, for a total transaction of $2,873,870.28. Following the completion of the sale, the executive vice president directly owned 184,542 shares of the company’s stock, valued at approximately $2,474,708.22. This represents a 53.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.95% of the company’s stock.

Key Headlines Impacting Cleveland-Cliffs

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

• Positive Sentiment: Cleveland-Cliffs posted Q2 results that beat expectations on both earnings and revenue, helped by stronger steel pricing that improved margins even as shipment volumes declined. CLF Q2 Earnings and Sales Beat Estimates on Higher Steel Pricing
• Positive Sentiment: The company reported a sharp jump in adjusted EBITDA, returned to positive free cash flow, and gave a notably optimistic outlook, with investors focusing on the prospect of stronger profitability ahead. Cleveland-Cliffs Inc (CLF) Q2 2026 Earnings Call Highlights: Strong EBITDA Growth and Positive …
• Positive Sentiment: Several analysts turned more constructive, including Glj Research upgrading the stock to buy and lifting its price target, which added to the bullish sentiment around the name. Cleveland-Cliffs upgraded by Glj Research
• Positive Sentiment: Trading activity was also supportive, with reports of unusual call-option buying and multiple articles highlighting CLF as a momentum stock with value appeal.
• Neutral Sentiment: Wells Fargo raised its price target but kept an “equal weight” rating, suggesting some upside remains but not a full endorsement of the rally. Wells Fargo price target raised on CLF
• Neutral Sentiment: The company also announced a leadership change, promoting CFO Celso Goncalves to President and CFO, which is more of a governance update than a direct earnings driver. Cleveland-Cliffs Announces Promotion of Chief Financial Officer
• Negative Sentiment: Not all analyst commentary was supportive: one report said brokerage consensus remains “Reduce,” and another noted Wells Fargo’s new target is still below the current share price, reflecting lingering skepticism about the stock’s valuation and durability of the rebound.

About Cleveland-Cliffs

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.