Cleveland-Cliffs stock gains 10.38 percent before October 19 results

Published on 10/05/2026 at 20:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Cleveland-Cliffs stock traded at USD 12.49 on October 5, 2026, up 10.38 percent as steel demand drove the session. Q2 revenue reached USD 5.2 billion and volume 4.0 million net tons.

CLF, US1858991011, Illustration mit AI erstellt.

Cleveland-Cliffs stock (ISIN US1858991011) was trading at USD 12.49 on the NYSE on October 5, 2026, up 10.38 percent from the prior close. StocksToTrade linked the session move to stronger steel demand, pricing and expectations for the next quarterly report.

Steel figures set the earnings bar

Cleveland-Cliffs reported second-quarter 2026 consolidated revenue of USD 5.2 billion and steel product sales of 4.0 million net tons, according to its investor-relations page. The quarter ended June 30, 2026, giving the market a recent operating base before the third-quarter update.

The revenue figure also appears as USD 5.23 billion in the latest quarterly review from Yahoo Finance, which states that the result was 1.88 percent above a USD 5.13 billion consensus estimate. The same review puts quarterly EPS at negative USD 0.20 versus negative USD 0.50 a year earlier.

Consensus stays close to the market price

Financhill reports a Hold consensus from 13 analysts and an average 12-month price target of USD 12.40, with targets spanning USD 10.00 to USD 15.00. The target is USD 0.09 below the October 5 trading price, leaving the consensus close to the latest market level.

Analyst views remain divided. StocksToTrade reports that GLJ Research raised its target from USD 15.60 to USD 17.48, while BofA and JPMorgan raised their targets to USD 13.00 and retained Neutral ratings. The spread reflects the tension between improving steel pricing and Cleveland-Cliffs' exposure to automotive demand and leverage.

October 19 is the next checkpoint

Cleveland-Cliffs has scheduled its third-quarter 2026 results and conference call for October 19, 2026, at 8:30 a.m. ET, according to the company's investor-relations page. That release will test whether the second-quarter revenue base and steel volumes can translate into improved profitability.

Stock remains below its yearly high

Cleveland-Cliffs stock was trading at USD 12.49 on the NYSE on October 5, 2026, with a session range of USD 11.36 to USD 12.54. The price was 25.21 percent below the 52-week high of USD 16.70 and 61.70 percent above the 52-week low of USD 7.73.