Cleveland-Cliffs stock: At EUR 11.66, Cleveland-Cliffs stock falls 5.93 percent

Published on 10/22/2026 at 23:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Benzinga cites 13 analysts and a USD 13.00 target. Cleveland-Cliffs stock costs EUR 11.66 on October 22, 2026, down 5.93 percent versus Xetra close.

Price and target spread

Cleveland-Cliffs stock fell 5.93 percent on October 22, 2026.
B. Riley Securities raised its target from USD 15.00 to USD 18.00 on October 22, 2026.
Cleveland-Cliffs stock costs EUR 11.66 at Lang & Schwarz on October 22, 2026 at 10:56 p.m. CEST, 5.93 percent below the Xetra close of October 21, 2026.
The market capitalization was USD 7.4 billion on October 22, 2026.

CLF, US1858991011, Illustration mit AI erstellt.

Cleveland-Cliffs (ISIN US1858991011) stock was trading at EUR 11.66 at Lang & Schwarz on October 22, 2026 at 10:56 p.m. CEST, down 5.93 percent versus the Xetra close of October 21, 2026 at EUR 12.40. The move puts the German-market quote below its previous Xetra reference after a volatile session for U.S. steel shares.

Analyst targets still span a wide range. Benzinga listed 13 analysts, with an average target of USD 13.00 and three target changes dated October 22, 2026. B. Riley Securities raised its target from USD 15.00 to USD 18.00, while Barclays lifted its target from USD 11.00 to USD 12.00 and JPMorgan raised its target from USD 12.00 to USD 13.00.

Analyst targets span USD 12.00 to USD 18.00

The B. Riley target stands 37.93 percent above the USD 13.05 primary-market price captured at 4:00 p.m. ET on October 22, 2026. The average target of USD 13.00 is 0.38 percent below that price, leaving the analyst picture split between upside assumptions and a neutral central estimate.

USD 7.73 to USD 15.35 yearly range

Cleveland-Cliffs traded at USD 13.05 on the NYSE at 4:00 p.m. ET on October 22, 2026. Its 52-week range was USD 7.73 to USD 15.35, placing the stock 14.98 percent below the high and 68.95 percent above the low. Trading volume reached 34,951,851 shares, while the market capitalization stood at USD 7.4 billion.

Valuation and steel exposure

The company operates as a vertically integrated steel producer, covering iron ore mining, pellet production, steelmaking and downstream finishing. Its automotive, infrastructure and manufacturing exposure makes steel prices, shipment volumes and operating costs central variables for the equity. Cleveland-Cliffs also identifies North America as its operating base and focuses on value-added sheet products, according to its October 19 company release.

Comparison with peers

Cleveland-Cliffs: down 5.93 percent, P/E minus 14.50, market capitalization USD 7.4 billion.

Nucor (NYSE, USD): down 2.45 percent, P/E 20.58, market capitalization USD 58.5 billion.

Steel Dynamics (NASDAQ, USD): down 3.25 percent, P/E 17.70, market capitalization USD 34.4 billion.

EUR 11.66 after the Xetra close

For German investors, the key distinction is the cross-venue pricing: the Lang & Schwarz quote was EUR 11.66 on October 22, 2026 at 10:56 p.m. CEST, while the Xetra close on October 21, 2026 was EUR 12.40. The euro quote therefore stood 5.93 percent below that close.

The further course of trading is shown by the continuously updated real-time quote of Cleveland-Cliffs stock.