EL7.AI
StocksMediumUpdated•Originally published 19 October 2026•Updated 19 October 2026•
1 min read

Cleveland-Cliffs Shares Rally on Bullish $4 Billion 2027 EBITDA Guidance

Key Facts

1Cleveland-Cliffs management forecasts adjusted EBITDA of more than $4 billion in 2027, exceeding Wall Street estimates.
2The company's stock broke above its 20-day moving average, indicating bulls have regained near-term control.

Cleveland-Cliffs management forecasts adjusted EBITDA of more than $4 billion in 2027. Invezz reported that this guidance exceeds Wall Street estimates of $2.5 billion, supported by newly signed customer contracts and a return to quarterly profitability.

CLF closed at $12.12 on October 16, 2026, having reached a session high of $12.69. According to Invezz, the stock broke above its 20-day moving average, indicating that bulls have regained near-term control of the price action following the ambitious long-term outlook.

Latest Updates · 1

  1. Notable·

    Update: Cleveland-Cliffs reported Q3 earnings that exceeded analyst expectations, sparking increased options trading activity on October 19, 2026. This operational beat reinforces investor confidence in the company's ability to meet the long-term profitability targets previously outlined by management.