<div id="readability-page-1"><p>Maple Rock Capital Partners Inc. bought a new stake in shares of  Cleveland-Cliffs Inc. (NYSE:CLF - Free Report) in the 2nd quarter, according to its most recent filing with the Securities &amp; Exchange Commission. The firm bought 8,385,600 shares of the mining company's stock, valued at approximately $63,731,000. Cleveland-Cliffs comprises  3.1% of Maple Rock Capital Partners Inc.'s investment portfolio, making the stock its 10th largest position. Maple Rock Capital Partners Inc. owned approximately 1.70% of Cleveland-Cliffs as of its most recent SEC filing.</p><div><p><span></span><span>Get <strong>Cleveland-Cliffs</strong> alerts:</span></p></div><ul><li>Cleveland-Cliffs Breaks to New Highs on Earnings, More Upside?</li></ul><p>Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. State Street Corp raised its stake in  Cleveland-Cliffs by 20.2% during the second quarter. State Street Corp now owns 27,450,442 shares of the mining company's stock valued at $208,623,000 after buying an additional 4,603,807 shares during the last quarter.  Norges Bank bought a new position in shares of  Cleveland-Cliffs during the second quarter valued at $44,120,000.  Turiya Advisors Asia Ltd bought a new position in shares of  Cleveland-Cliffs during the second quarter valued at $39,357,000.  Charles Schwab Investment Management Inc. raised its position in shares of  Cleveland-Cliffs by 10.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,596,026 shares of the mining company's stock worth $37,779,000 after purchasing an additional 419,832 shares during the last quarter.  Finally, Jump Financial LLC boosted its stake in  Cleveland-Cliffs by 52.5% in the 2nd quarter. Jump Financial LLC now owns 4,576,314 shares of the mining company's stock worth $34,780,000 after purchasing an additional 1,576,212 shares in the last quarter. Hedge funds and other institutional investors own  67.68% of the company's stock. </p><h2>Analysts Set New Price Targets</h2><p>Several brokerages have issued reports on CLF. Bank of America lifted their target price on shares of Cleveland-Cliffs from $12.50 to $14.50 and gave the stock a &#34;neutral&#34; rating in a report on Tuesday, October 21st. Weiss Ratings  restated a &#34;sell (d-)&#34; rating on shares of Cleveland-Cliffs in a report on Thursday, October 30th. Citigroup cut their target price on Cleveland-Cliffs from $12.00 to $11.00 and set a &#34;neutral&#34; rating on the stock in a research note on Tuesday, November 11th. KeyCorp reduced their target price on Cleveland-Cliffs from $15.00 to $13.00 and set an &#34;overweight&#34; rating for the company in a report on Monday, November 10th. Finally, Glj Research  restated a &#34;sell&#34; rating and issued a $5.75 price target on shares of Cleveland-Cliffs in a research note on Tuesday, October 21st. Three analysts have rated the stock with a Buy rating, five have assigned  a Hold rating and two have issued  a Sell rating to the company. According to data from MarketBeat.com, the company  has an average rating of &#34;Hold&#34; and a consensus price target of $12.78.</p><ul><li>Cleveland-Cliffs Rally Tops S&amp;P 500, Can It Continue?</li></ul><p><b>Get Our Latest Stock Analysis on CLF</b></p><h2>Cleveland-Cliffs Stock Up 5.6%</h2><p>CLF opened at $13.41 on Friday. The stock has a market capitalization of $6.63 billion, a price-to-earnings ratio of -3.94 and a beta of 1.97. The firm has a 50 day moving average price of $12.45 and a 200-day moving average price of $10.60. Cleveland-Cliffs Inc. has a twelve month low of $5.63 and a twelve month high of $16.70. The company has a quick ratio of 0.61, a current ratio of 2.04 and a debt-to-equity ratio of 1.41. </p><ul><li>Time for Cleveland-Cliffs Stock to Break Out? Markets Say Yes</li></ul><p>Cleveland-Cliffs (NYSE:CLF - Get Free Report) last posted its earnings results on Monday, October 20th. The mining company reported ($0.45) EPS for the quarter, topping analysts' consensus estimates of ($0.48) by $0.03. The business had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.90 billion. Cleveland-Cliffs had a negative net margin of 9.00% and a negative return on equity of 20.02%. The firm's revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.33) EPS.  Equities research analysts forecast that  Cleveland-Cliffs Inc. will post -0.79 earnings per share for the current year. </p><h2>Cleveland-Cliffs Profile</h2> (Free Report)<p>Cleveland-Cliffs is the largest flat-rolled steel company and the largest iron ore pellet producer in North America. The company is vertically integrated from mining through iron making, steelmaking, rolling, finishing and downstream with hot and cold stamping of steel parts and components. The company was formerly known as Cliffs Natural Resources Inc and changed its name to Cleveland-Cliffs Inc in August 2017.</p><h2>See Also</h2><ul><li>Five stocks we like better than Cleveland-Cliffs</li><li>What is Forex and How Does it Work? </li><li>Dividend Powerhouses: 3 Blue-Chip Stocks Built for the Long Haul</li><li>Do ETFs Pay Dividends? What You Need to Know</li><li>3 Recently Downgraded Stocks to Avoid in 2026</li><li>What Investors Need to Know to Beat the Market</li><li>The Chip Boom Is Back: 3 Stocks Positioned for Huge Gains</li></ul><p><strong>Want to see what other hedge funds are holding CLF?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cleveland-Cliffs Inc. (NYSE:CLF - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUNMRg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUNMRg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Cleveland-Cliffs Right Now?</h2><p>Before you consider Cleveland-Cliffs, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cleveland-Cliffs wasn't on the list.</p><p>While Cleveland-Cliffs currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Maple Rock Capital Partners Inc. invested in Cleveland-Cliffs Inc., acquiring 8,385,600 shares worth $63,731,000, making it the firm's 10th largest position. Other institutional investors also adjusted their stakes. Analysts have mixed ratings, with a consensus price target of $12.78. Cleveland-Cliffs reported a slight earnings beat, with revenue up 3.6% year-over-year.</p>

Maple Rock Capital Partners Inc. Makes New Investment in Cleveland-Cliffs Inc. $CLF