Cleveland-Cliffs (NYSE:CLF) Bolsa

Cleveland-Cliffs

Cleveland-Cliffs Inc is a flat-rolled steel producer and manufacturer of iron ore pellets in North America. It is organized into four operating segments based on differentiated products, Steelmaking, Tubular, Tooling and Stamping and European Operations, but operates through one reportable segment -Steelmaking. It is vertically integrated from mined raw materials, direct reduced iron, and ferrous scrap to primary steelmaking and downstream finishing, stamping, tooling and tubing. It serves a diverse range of other markets due to its comprehensive offering of flat-rolled steel products. Geographically, it operates in the United States, Canada and other countries. The majority of revenue is from the United States. It is a supplier of steel to the automotive industry in North America.

Long Ideas

News

Markets

Media

Trading Ideas

HAFN

SOUN

Descubre los análisis de Jim Cramer sobre Home Depot, SoundHound, Hafnia y Cleveland-Cliffs, junto con sus últimas cifras clave.

Jim Cramer analiza acciones clave: Home Depot, SoundHound, Hafnia y Cleveland-Cliffs

Cleveland-Cliffs Inc

Clearfield Inc

CLIFFORD MDERN IVING HLD by CLIFFORD MODERN LIVING HLDGS LTD.

WIIM

CENX

CSTM

SCCO

STLD

Shares of metals stocks are trading lower, pulling back after surging Wednesday following President Trump's tariff pause announcement. The sector has been volatile amid trade war concerns.

ASPI

FEAM

MATV

MEOH

MERC

PACK

TECK

VALE

Shares of companies within the broader materials sector are trading lower as global markets continue to decline following President Trump's announcement of sweeping tariffs.

Shares of companies within the broader materials sector are trading lower as markets react to President Trump's announcement of sweeping tariffs.

<p>Deep-pocketed investors have adopted a bearish approach towards Cleveland-Cliffs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in CLF usually suggests something big is about to happen.</p>
<p>We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Cleveland-Cliffs. This level of activity is out of the ordinary.</p>
<p>The general mood among these heavyweight investors is divided, with 25% leaning bullish and 75% bearish. Among these notable options, 3 are puts, totaling $518,986, and 5 are calls, amounting to $317,655.</p>
<h3>Expected Price Movements</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $4.0 and $27.0 for Cleveland-Cliffs, spanning the last three months.</p>
<h3>Volume &amp; Open Interest Development</h3>
<p>Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.</p>
<p>This data can help you track the liquidity and interest for Cleveland-Cliffs's options for a given strike price.</p>
<p>Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Cleveland-Cliffs's whale activity within a strike price range from $4.0 to $27.0 in the last 30 days. </p>
<h3>Cleveland-Cliffs 30-Day Option Volume &amp; Interest Snapshot</h3>
<p><img src="https://www.benzinga.com/files/images/story/2025/1743625857_0.png" alt="Options Call Chart" /></p>
<h3>Biggest Options Spotted:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>CLF</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/19/25</td>
<td>$18.6</td>
<td>$18.55</td>
<td>$18.6</td>
<td>$27.00</td>
<td>$465.0K</td>
<td>27</td>
<td>0</td>
</tr>
<tr>
<td>CLF</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/04/25</td>
<td>$0.42</td>
<td>$0.39</td>
<td>$0.4</td>
<td>$8.00</td>
<td>$100.0K</td>
<td>1.7K</td>
<td>2.6K</td>
</tr>
<tr>
<td>CLF</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/17/25</td>
<td>$4.45</td>
<td>$4.35</td>
<td>$4.45</td>
<td>$4.00</td>
<td>$88.9K</td>
<td>173</td>
<td>200</td>
</tr>
<tr>
<td>CLF</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$0.25</td>
<td>$0.23</td>
<td>$0.25</td>
<td>$10.00</td>
<td>$56.5K</td>
<td>3.4K</td>
<td>2.2K</td>
</tr>
<tr>
<td>CLF</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/18/26</td>
<td>$4.3</td>
<td>$4.2</td>
<td>$4.24</td>
<td>$5.00</td>
<td>$42.4K</td>
<td>17</td>
<td>100</td>
</tr>
</tbody>
</table>
</p>
<h3>About Cleveland-Cliffs</h3>
<p>Cleveland-Cliffs Inc is a flat-rolled steel producer and manufacturer of iron ore pellets in North America. It is organized into four operating segments based on differentiated products, Steelmaking, Tubular, Tooling and Stamping and European Operations, but operates through one reportable segment -Steelmaking. It is vertically integrated from mined raw materials, direct reduced iron, and ferrous scrap to primary steelmaking and downstream finishing, stamping, tooling and tubing. It serves a diverse range of other markets due to its comprehensive offering of flat-rolled steel products. Geographically, it operates in the United States, Canada and other countries. The majority of revenue is from the United States. It is a supplier of steel to the automotive industry in North America.</p>
<p>In light of the recent options history for Cleveland-Cliffs, it's now appropriate to focus on the company itself. We aim to explore its current performance.</p>
<h3>Where Is Cleveland-Cliffs Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 27,172,681, with CLF's price up by 7.78%, positioned at $8.73.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 19 days.</li>
</ul>
<h3>What The Experts Say On Cleveland-Cliffs</h3>
<p>In the last month, 2 experts released ratings on this stock with an average target price of $13.0.</p>
<p><strong>Turn $1000 into $1270 in just 20 days?</strong></p>
<p>20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage"><strong>Click here for access</strong></a>.<br />
&#x2A; Maintaining their stance, an analyst from Seaport Global continues to hold a Buy rating for Cleveland-Cliffs, targeting a price of $11.<br />
&#x2A; An analyst from Goldman Sachs has decided to maintain their Buy rating on Cleveland-Cliffs, which currently sits at a price target of $15. </p>
<p>Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.</p>
<p>If you want to stay updated on the latest options trades for Cleveland-Cliffs, <a href="https://www.benzinga.com/pro/">Benzinga Pro</a> gives you real-time options trades alerts.</p>


Options

Spotlight on Cleveland-Cliffs: Analyzing the Surge in Options Activity

<p><strong>Cleveland-Cliffs's</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>) short percent of float has risen 7.47% since its last report. The company recently reported that it has <strong>58.28 million shares sold short</strong>, which is 15.11% of all regular shares that are available for trading. Based on its trading volume, <strong>it would take traders 2.29 days to cover their short positions on average.</strong></p>
<h3>Why Short Interest Matters</h3>
<p>Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.</p>
<p>Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.</p>
<p><strong>See Also:</strong> <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage"><strong>List of the most shorted stocks</strong></a></p>
<h3>Cleveland-Cliffs Short Interest Graph (3 Months)</h3>
<p><img src="https://www.benzinga.com/files/images/story/2025/1743623125_0.png" alt="short_fig" /></p>
<p>As you can see from the chart above the percentage of shares that are sold short for Cleveland-Cliffs has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.</p>
<h3>Comparing Cleveland-Cliffs's Short Interest Against Its Peers</h3>
<p>Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.</p>
<p>According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Cleveland-Cliffs's peer group average for short interest as a percentage of float is 5.10%, which means the company has <strong>more</strong> short interest than most of its peers.</p>
<p>Did you know that increasing short interest can actually be <strong>bullish</strong> for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage"><strong>This post by Benzinga Money explains how you can profit from it.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and was reviewed by an editor.</em></p>


Short Sellers

Short Ideas

Looking Into Cleveland-Cliffs's Recent Short Interest

<p>President <strong>Donald Trump</strong>'s fresh round of 25% auto import tariffs is shaking up the metals market, and JPMorgan analyst Bill Peterson sees near-term headwinds for key players in <a href="https://www.benzinga.com/topic/metals">steel, aluminum, and copper</a>. </p>
<p>While domestic production incentives should help <strong>Cleveland-Cliffs Inc. </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>) and <strong>Constellium SE</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CSTM#NYSE">CSTM</a>) in the long run, rising costs and inflationary pressures could stifle demand.</p>
<p>JPMorgan's U.S. Auto team expects vehicle prices to climb another 5%, with core PCE inflation now forecasted at 3.1% this year. The hit to real consumer spending has also led JPMorgan's economists to trim GDP growth estimates to 1.3% for 2024.</p>
<h2 class="wp-block-heading">Copper Tariff Chatter Heats Up</h2>
<p>The tariff storm doesn't stop with autos. Reports indicate Trump is eyeing a 25% tariff on U.S. copper imports, possibly rolling out within weeks—well ahead of the November deadline. </p>
<p>This coincides with <strong>Glencore PLC</strong>'s (OTCPK:GLNCY) force majeure at its Altnorte refinery in Chile, a major supplier to the US. Copper miner <strong>Freeport-McMoRan Inc</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) is positioned to benefit, with COMEX copper trading at a 15% premium to LME. </p>
<p>JPMorgan recently upgraded FCX to Overweight, seeing a 15% upside to its FY25 EBITDA, citing its defensive balance sheet and capex flexibility.</p>
<p><strong>Read Also: <a href="https://www.benzinga.com/government/regulations/25/03/44476803/copper-breaks-records-on-china-stimulus-tariff-hype-these-stocks-are-riding-the-wave">Copper Breaks Records On China Stimulus, Tariff Hype: These Stocks Are Riding The Wave</a></strong></p>
<h2 class="wp-block-heading">Short Sellers Smell Blood</h2>
<p>Uncertainty has drawn in short sellers. Cleveland-Cliffs's short interest has spiked to a one-year high of 12.1%, while <strong>Carpenter Technology Corp</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRS#NYSE">CRS</a>) saw a rise to 7.5%. With ‘Liberation Day' on Wednesday expected to bring another tariff barrage, volatility looms large.</p>
<p>However, JPMorgan remains bullish on select metals stocks, reaffirming its Overweight rating on FCX. As Peterson puts it, "FCX as a value/defensive play relative to growth-focused peers given its tenured management team, clean balance sheet, and capex optionality."</p>
<p><strong>Read Next: </strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/government/regulations/25/03/44498083/trumps-copper-tariffs-might-come-sooner-rather-than-later-insiders-warn">Trump&#8217;s Copper Tariffs Might Come Sooner Rather Than Later, Insiders Warn</a></strong></li>
</ul>
<p><em>Photo: Shutterstock/Eric Glenn</em></p>


Analyst Color

Commodities

Analyst Ratings

GLNCY

Tariff Turmoil: Cleveland-Cliffs, Constellium, Freeport-McMoRan Caught In The Crossfire, Says Analyst

Cleveland-Cliffs shares are trading lower. Metals may be under pressure amid tariff concerns.

Cleveland-Cliffs Says It Will Temporarily Idle Facilities At Its Dearborn, Michigan, Steel Plant And Issue Layoff Notices to 600 Employees

<p>Benzinga's options scanner just detected over 9 options trades for <strong>Cleveland-Cliffs</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>) summing a total amount of $372,149.</p>
<p>At the same time, our algo caught 6 for a total amount of 289,229.</p>
<h3>Projected Price Targets</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $8.0 and $12.0 for Cleveland-Cliffs, spanning the last three months.</p>
<h3>Volume &amp; Open Interest Trends</h3>
<p>In terms of liquidity and interest, the mean open interest for Cleveland-Cliffs options trades today is 7367.33 with a total volume of 37,456.00.</p>
<p>In the following chart, we are able to follow the development of volume and open interest of call and put options for Cleveland-Cliffs's big money trades within a strike price range of $8.0 to $12.0 over the last 30 days.</p>
<h3>Cleveland-Cliffs 30-Day Option Volume &amp; Interest Snapshot</h3>
<p><img src="https://www.benzinga.com/files/images/story/2025/1742573758_0.png" alt="Options Call Chart" /></p>
<h3>Noteworthy Options Activity:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>CLF</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/04/25</td>
<td>$0.35</td>
<td>$0.34</td>
<td>$0.34</td>
<td>$9.00</td>
<td>$62.9K</td>
<td>5.4K</td>
<td>5.0K</td>
</tr>
<tr>
<td>CLF</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/11/25</td>
<td>$0.3</td>
<td>$0.28</td>
<td>$0.28</td>
<td>$8.50</td>
<td>$58.3K</td>
<td>257</td>
<td>2.1K</td>
</tr>
<tr>
<td>CLF</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/11/25</td>
<td>$0.27</td>
<td>$0.26</td>
<td>$0.26</td>
<td>$8.50</td>
<td>$56.7K</td>
<td>257</td>
<td>10.0K</td>
</tr>
<tr>
<td>CLF</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$0.11</td>
<td>$0.09</td>
<td>$0.1</td>
<td>$12.00</td>
<td>$46.4K</td>
<td>21.3K</td>
<td>4.6K</td>
</tr>
<tr>
<td>CLF</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$1.08</td>
<td>$1.07</td>
<td>$1.07</td>
<td>$10.00</td>
<td>$39.5K</td>
<td>6.1K</td>
<td>884</td>
</tr>
</tbody>
</table>
</p>
<h3>About Cleveland-Cliffs</h3>
<p>Cleveland-Cliffs Inc is a flat-rolled steel producer and manufacturer of iron ore pellets in North America. It is organized into four operating segments based on differentiated products, Steelmaking, Tubular, Tooling and Stamping and European Operations, but operates through one reportable segment -Steelmaking. It is vertically integrated from mined raw materials, direct reduced iron, and ferrous scrap to primary steelmaking and downstream finishing, stamping, tooling and tubing. It serves a diverse range of other markets due to its comprehensive offering of flat-rolled steel products. Geographically, it operates in the United States, Canada and other countries. The majority of revenue is from the United States. It is a supplier of steel to the automotive industry in North America.</p>
<p>In light of the recent options history for Cleveland-Cliffs, it's now appropriate to focus on the company itself. We aim to explore its current performance.</p>
<h3>Present Market Standing of Cleveland-Cliffs</h3>
<ul>
<li>Currently trading with a volume of 7,867,862, the CLF's price is down by -3.04%, now at $9.24. </li>
<li>RSI readings suggest the stock is currently may be approaching oversold.</li>
<li>Anticipated earnings release is in 31 days.</li>
</ul>
<h3>Expert Opinions on Cleveland-Cliffs</h3>
<p>In the last month, 3 experts released ratings on this stock with an average target price of $12.97.</p>
<p><strong>Unusual Options Activity Detected: Smart Money on the Move</strong></p>
<p>Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage"><strong>Click here for access</strong></a>.<br />
&#x2A; An analyst from GLJ Research persists with their Buy rating on Cleveland-Cliffs, maintaining a target price of $12.<br />
&#x2A; Maintaining their stance, an analyst from Seaport Global continues to hold a Buy rating for Cleveland-Cliffs, targeting a price of $11.<br />
&#x2A; Consistent in their evaluation, an analyst from Goldman Sachs keeps a Buy rating on Cleveland-Cliffs with a target price of $15. </p>
<p>Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Cleveland-Cliffs with <a href="https://www.benzinga.com/pro/">Benzinga Pro</a> for real-time alerts.</p>


Cleveland-Cliffs's Options Frenzy: What You Need to Know

Shares of base metals stocks are trading higher amid overall market strength and as investors assess US tariffs on steel and aluminum.

<p>High-rolling investors have positioned themselves bullish on Cleveland-Cliffs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>), and it's important for retail traders to take note.<br />
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in CLF often signals that someone has privileged information.</p>
<p>Today, Benzinga's options scanner spotted 9 options trades for Cleveland-Cliffs. This is not a typical pattern.</p>
<p>The sentiment among these major traders is split, with 77% bullish and 11% bearish. Among all the options we identified, there was one put, amounting to $72,828, and 8 calls, totaling $315,324.</p>
<h3>Predicted Price Range</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $7.0 and $20.0 for Cleveland-Cliffs, spanning the last three months.</p>
<h3>Volume &amp; Open Interest Trends</h3>
<p>In terms of liquidity and interest, the mean open interest for Cleveland-Cliffs options trades today is 2623.0 with a total volume of 3,496.00.</p>
<p>In the following chart, we are able to follow the development of volume and open interest of call and put options for Cleveland-Cliffs's big money trades within a strike price range of $7.0 to $20.0 over the last 30 days.</p>
<h3>Cleveland-Cliffs Option Activity Analysis: Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2025/1741794331_0.png" alt="Options Call Chart" /></p>
<h3>Biggest Options Spotted:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>CLF</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/11/25</td>
<td>$1.0</td>
<td>$0.97</td>
<td>$1.0</td>
<td>$9.50</td>
<td>$100.0K</td>
<td>108</td>
<td>1.0K</td>
</tr>
<tr>
<td>CLF</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$10.45</td>
<td>$10.4</td>
<td>$10.4</td>
<td>$20.00</td>
<td>$72.8K</td>
<td>2.7K</td>
<td>70</td>
</tr>
<tr>
<td>CLF</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$0.42</td>
<td>$0.42</td>
<td>$0.42</td>
<td>$11.00</td>
<td>$42.0K</td>
<td>11.0K</td>
<td>1.3K</td>
</tr>
<tr>
<td>CLF</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/19/25</td>
<td>$1.21</td>
<td>$1.16</td>
<td>$1.16</td>
<td>$13.00</td>
<td>$32.9K</td>
<td>4.2K</td>
<td>334</td>
</tr>
<tr>
<td>CLF</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$3.1</td>
<td>$3.05</td>
<td>$3.1</td>
<td>$10.00</td>
<td>$31.0K</td>
<td>3.9K</td>
<td>112</td>
</tr>
</tbody>
</table>
</p>
<h3>About Cleveland-Cliffs</h3>
<p>Cleveland-Cliffs Inc is a flat-rolled steel producer and manufacturer of iron ore pellets in North America. It is organized into four operating segments based on differentiated products, Steelmaking, Tubular, Tooling and Stamping and European Operations, but operates through one reportable segment -Steelmaking. It is vertically integrated from mined raw materials, direct reduced iron, and ferrous scrap to primary steelmaking and downstream finishing, stamping, tooling and tubing. It serves a diverse range of other markets due to its comprehensive offering of flat-rolled steel products. Geographically, it operates in the United States, Canada and other countries. The majority of revenue is from the United States. It is a supplier of steel to the automotive industry in North America.</p>
<p>After a thorough review of the options trading surrounding Cleveland-Cliffs, we move to examine the company in more detail. This includes an assessment of its current market status and performance.</p>
<h3>Cleveland-Cliffs's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 13,423,034, the CLF's price is up by 7.26%, now at $9.68. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 40 days.</li>
</ul>
<h3>What The Experts Say On Cleveland-Cliffs</h3>
<p>2 market experts have recently issued ratings for this stock, with a consensus target price of $13.95.</p>
<p><strong>Unusual Options Activity Detected: Smart Money on the Move</strong></p>
<p>Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage"><strong>Click here for access</strong></a>.<br />
&#x2A; An analyst from GLJ Research persists with their Buy rating on Cleveland-Cliffs, maintaining a target price of $12.<br />
&#x2A; Maintaining their stance, an analyst from Goldman Sachs continues to hold a Buy rating for Cleveland-Cliffs, targeting a price of $15. </p>
<p>Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Cleveland-Cliffs options trades with real-time alerts from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.</p>


Check Out What Whales Are Doing With CLF

<p>Steel's scorching rally may have investors feeling bullish, but JPMorgan analyst <strong>Bill Peterson</strong> is throwing in a dose of caution. While Section 232 (S232) tariffs have fueled a buying frenzy, the reality of demand stagnation, rising scrap costs and looming economic uncertainty could keep <a href="https://www.benzinga.com/trading-ideas/long-ideas">stocks from fully cashing in</a>.</p>
<h2 class="wp-block-heading">Tariffs Spark A 36% Rally, But Demand Stays Stuck</h2>
<p>The restoration of full 25% S232 tariffs starting March 12 sent Hot Rolled Coil (HRC) prices soaring 36% year-to-date, with mills scrambling to raise prices. But here's the kicker—real demand hasn't budged. </p>
<p>Industry utilization sits at around 75%, unchanged month-over-month. Peterson warns of a potential de-stocking wave in the second half of the year as inventory levels remain healthy and mills ramp up capacity.</p>
<p><strong>Read Also: <a href="https://www.benzinga.com/markets/equities/25/02/43613133/trumps-25-tarrifs-a-self-inflicted-wound-says-economist-amid-warnings-of-fewer-american-jobs-peter-schiff-says-youll-pay-more-for-cars-and-homes">Trump&#8217;s 25% Tariffs A &#8216;Self-Inflicted Wound,&#8217; Says Economist Amid Warnings Of Fewer American Jobs — Peter Schiff Says You&#8217;ll Pay More For Cars And Homes</a></strong></p>
<h2 class="wp-block-heading">Import Pressure, Recession Risks Lurk</h2>
<p>Despite tariff-driven price hikes, steel faces headwinds from cheap imports. HRC offers in the low $700s for June-July delivery threaten domestic pricing power and with no ‘glass ceiling' protection from quota-limited countries, pressure could mount.</p>
<p>Adding to the uncertainty, blanket tariffs on Mexican and Canadian steel have been delayed a month, but a <strong>Donald Trump</strong> presidency could bring renewed scrutiny to the S232 framework. </p>
<p>Meanwhile, JPMorgan's economic team is slashing U.S. GDP growth forecasts, seeing a real risk of a recession squeezing steel demand.</p>
<h2 class="wp-block-heading">Who Wins In This Balancing Act?</h2>
<p>JPMorgan is adjusting its price targets, betting on some players over others. </p>
<p><strong>Nucor Corp</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>) gets a price target bump to $156, with Peterson favoring its diversified product mix as a buffer against volatility. </p>
<p><strong>United States Steel Corp</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) sees its target rise to $43, with its valuation looking attractive despite deal risks. </p>
<p><strong>Steel Dynamics Inc</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>) moves up to $140, but remains a ‘show-me' story with its aluminum rolling mill ramp-up still uncertain. </p>
<p><strong>Cleveland-Cliffs Inc</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>) was left unrated due to leverage concerns and exposure to Canada's auto market.</p>
<h2 class="wp-block-heading">Investors Look Past Q1, Eyes On Q2 &amp; Beyond</h2>
<p>While first quarter results may show the strain of lagging price impacts and rising costs, investors seem more focused on the back half of the year.</p>
<p>With estimates now reflecting stronger S232-driven pricing, steel stocks could see earnings power improve—if demand holds up. </p>
<p>The big question: can mills maintain momentum, or will recession fears and import pressure cap gains? JPMorgan's call? Proceed with caution and pick your steel bets wisely.</p>
<p><strong>Read Next: </strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/25/03/44157691/5-stocks-to-buy-on-trumps-new-steel-tariffs">5 Stocks to Buy on Trump&#8217;s New Steel Tariffs</a></strong></li>
</ul>
<p><em>Photo: Shutterstock</em></p>


Steel's Hot Streak Faces Reality Check: Analyst Weighs Tariffs Vs. Recession Fears

Shares of companies within the broader materials sector are trading lower amid economic worries driven by tariffs and trade policies. Investors may be expecting a decline in investment, which may also be weighing on the industry.

<p><a href="https://www.bloomberg.com/news/articles/2025-03-07/us-steelmaker-ceos-urge-trump-to-resist-metal-tariff-exemptions" title="https://www.bloomberg.com/news/articles/2025-03-07/us-steelmaker-ceos-urge-trump-to-resist-metal-tariff-exemptions">https://www.bloomberg.com/news/articles/2025-03-07/us-steelmaker-ceos-urge-trump-to-resist-metal-tariff-exemptions</a></p>


Macro Economic Events

Economics

'US Steelmaker CEOs Urge Trump To Resist Metal Tariff Exemptions' - Bloomberg News

<p>Financial giants have made a conspicuous bearish move on Cleveland-Cliffs. Our analysis of options history for Cleveland-Cliffs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>) revealed 15 unusual trades.</p>
<p>Delving into the details, we found 26% of traders were bullish, while 73% showed bearish tendencies. Out of all the trades we spotted, 10 were puts, with a value of $643,060, and 5 were calls, valued at $202,414.</p>
<h3>What's The Price Target?</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $9.0 and $13.0 for Cleveland-Cliffs, spanning the last three months.</p>
<h3>Analyzing Volume &amp; Open Interest</h3>
<p>Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Cleveland-Cliffs's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Cleveland-Cliffs's substantial trades, within a strike price spectrum from $9.0 to $13.0 over the preceding 30 days.</p>
<h3>Cleveland-Cliffs 30-Day Option Volume &amp; Interest Snapshot</h3>
<p><img src="https://www.benzinga.com/files/images/story/2025/1741380350_0.png" alt="Options Call Chart" /></p>
<h3>Noteworthy Options Activity:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>CLF</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$0.28</td>
<td>$0.25</td>
<td>$0.27</td>
<td>$9.50</td>
<td>$135.0K</td>
<td>2.6K</td>
<td>1.0K</td>
</tr>
<tr>
<td>CLF</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$3.2</td>
<td>$3.15</td>
<td>$3.2</td>
<td>$12.00</td>
<td>$95.6K</td>
<td>12.6K</td>
<td>1</td>
</tr>
<tr>
<td>CLF</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/20/26</td>
<td>$3.35</td>
<td>$3.25</td>
<td>$3.35</td>
<td>$12.00</td>
<td>$82.4K</td>
<td>731</td>
<td>53</td>
</tr>
<tr>
<td>CLF</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$3.2</td>
<td>$3.15</td>
<td>$3.2</td>
<td>$12.00</td>
<td>$80.0K</td>
<td>12.6K</td>
<td>576</td>
</tr>
<tr>
<td>CLF</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$0.87</td>
<td>$0.86</td>
<td>$0.86</td>
<td>$10.00</td>
<td>$77.9K</td>
<td>3.7K</td>
<td>533</td>
</tr>
</tbody>
</table>
</p>
<h3>About Cleveland-Cliffs</h3>
<p>Cleveland-Cliffs Inc is a flat-rolled steel producer and manufacturer of iron ore pellets in North America. It is organized into four operating segments based on differentiated products, Steelmaking, Tubular, Tooling and Stamping and European Operations, but operates through one reportable segment -Steelmaking. It is vertically integrated from mined raw materials, direct reduced iron, and ferrous scrap to primary steelmaking and downstream finishing, stamping, tooling and tubing. It serves a diverse range of other markets due to its comprehensive offering of flat-rolled steel products. Geographically, it operates in the United States, Canada and other countries. The majority of revenue is from the United States. It is a supplier of steel to the automotive industry in North America.</p>
<p>Following our analysis of the options activities associated with Cleveland-Cliffs, we pivot to a closer look at the company's own performance.</p>
<h3>Cleveland-Cliffs's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 13,377,814, the CLF's price is down by -1.69%, now at $9.89. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 45 days.</li>
</ul>
<h3>What The Experts Say On Cleveland-Cliffs</h3>
<p>A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $13.95.</p>
<p><strong>Turn $1000 into $1270 in just 20 days?</strong></p>
<p>20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage"><strong>Click here for access</strong></a>.<br />
&#x2A; Consistent in their evaluation, an analyst from Goldman Sachs keeps a Buy rating on Cleveland-Cliffs with a target price of $15.<br />
&#x2A; Consistent in their evaluation, an analyst from GLJ Research keeps a Buy rating on Cleveland-Cliffs with a target price of $12. </p>
<p>Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.</p>
<p>If you want to stay updated on the latest options trades for Cleveland-Cliffs, <a href="https://www.benzinga.com/pro/">Benzinga Pro</a> gives you real-time options trades alerts.</p>


Cleveland-Cliffs Unusual Options Activity

<p><strong>Cleveland-Cliffs's</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>) short percent of float has risen 16.16% since its last report. The company recently reported that it has <strong>49.06 million shares sold short</strong>, which is 12.72% of all regular shares that are available for trading. Based on its trading volume, <strong>it would take traders 2.1 days to cover their short positions on average.</strong></p>
<h3>Why Short Interest Matters</h3>
<p>Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.</p>
<p>Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.</p>
<p><strong>See Also:</strong> <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage"><strong>List of the most shorted stocks</strong></a></p>
<h3>Cleveland-Cliffs Short Interest Graph (3 Months)</h3>
<p><img src="https://www.benzinga.com/files/images/story/2025/1741286729_0.png" alt="short_fig" /></p>
<p>As you can see from the chart above the percentage of shares that are sold short for Cleveland-Cliffs has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.</p>
<h3>Comparing Cleveland-Cliffs's Short Interest Against Its Peers</h3>
<p>Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.</p>
<p>According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Cleveland-Cliffs's peer group average for short interest as a percentage of float is 4.64%, which means the company has <strong>more</strong> short interest than most of its peers.</p>
<p>Did you know that increasing short interest can actually be <strong>bullish</strong> for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage"><strong>This post by Benzinga Money explains how you can profit from it.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and was reviewed by an editor.</em></p>


SBSW

SSRM

Shares of precious metals stocks are trading higher amid strength in gold and silver.

Cleveland-Cliffs shares are trading lower after Goldman Sachs lowered its price target on the stock from $17 to $15.

<p>Goldman Sachs  analyst Mike Harris   maintains Cleveland-Cliffs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>) with a Buy and lowers the price target from $17 to $15.</p>


Price Target

Goldman Sachs Maintains Buy on Cleveland-Cliffs, Lowers Price Target to $15

Shares of base metal stocks are trading lower after president Trump confirmed Mar 4 tariffs, which could affect demand outlook.

Press Releases

Cleveland-Cliffs to Host Press Conference with Lourenco Goncalves at its Butler Works Mill in Butler, Pennsylvania at 1:00 pm ET Today

Cleveland-Cliffs to Announce Full-Year and Fourth-Quarter 2024 Earnings Results on February 24 and Host Conference Call on February 25

Ancora Nominates Majority Slate of Director Candidates and Proposes Industry Legend Alan Kestenbaum as New CEO to Turn Around U.S. Steel

Cleveland-Cliffs Provides Preliminary Fourth-Quarter and Full-Year 2024 Results

Cleveland-Cliffs Inc. Announces Proposed Offering of $750 Million of Senior Unsecured Guaranteed Notes

Cleveland-Cliffs Inc. Announces Upsizing and Pricing of $850 Million of Senior Unsecured Guaranteed Notes due 2031

Cleveland-Cliffs Reports Full-Year and Fourth-Quarter 2024 Results

Cleveland-Cliffs Souper Bowl Food Drive Donates 415,000 Pounds of Non-Perishable Food

Cleveland-Cliffs Announces "Buy American" Automotive Incentive Program for Employees

Cleveland-Cliffs to Announce First-Quarter 2025 Earnings Results on May 7 and Host Conference Call on May 8

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