CLF

In the past six months, Cleveland-Cliffs' stock price has been influenced by several factors. Declining iron ore prices, which fell below $99 per tonne in June 2026 and reached their lowest levels since August 2025, put pressure on the company's perceived value and future profitability due to expectations of weaker demand from Chinese steelmakers, a seasonal slowdown in construction, and increasing supply. The company's Q2 2026 earnings performance was mixed, reporting an adjusted loss per share of $0.20, which narrowly beat estimates, and revenue of $5.2 billion, slightly exceeding expectations. Despite a significant increase in Adjusted EBITDA, a GAAP net loss of $134 million may have tempered investor confidence. Broader steel market uncertainties and a generally cautious analyst sentiment, with some lowering price targets, also played a role. Over the last month, the stock price has increased by 7.09%, though its year-to-date return shows a decrease of 9.09%.