Cleveland-Cliffs director Edilson Camara buys $99,826 in shares

Edilson Camara, a director at CLEVELAND-CLIFFS INC. (NYSE:CLF), recently purchased 7,400 common shares of the company’s stock. The transaction, which occurred on October 22, 2026, totaled $99,826. The shares were acquired at a price of $13.49 per share.

Following this acquisition, Mr. Camara directly holds 64,717 common shares in CLEVELAND-CLIFFS INC. The purchase comes as the stock has delivered a 44% return over the past six months, though InvestingPro analysis suggests the shares are currently trading above their Fair Value. According to InvestingPro data, CLF has shown strong momentum recently with a 7.7% gain over the past week.For deeper insights into CLF’s valuation and performance metrics, investors can access the comprehensive Pro Research Report, available for this and 1,400+ other US equities on InvestingPro.

In other recent news, Cleveland-Cliffs reported third-quarter 2026 earnings that surpassed Wall Street expectations, with adjusted earnings of $0.28 per share compared to the forecasted $0.22. The company’s revenue reached $5.6 billion, slightly below the expected $5.71 billion. Despite the revenue miss, Cleveland-Cliffs achieved its strongest quarterly result in three years with an adjusted EBITDA of $612 million, up from $286 million in the previous quarter. Management has raised its near-term outlook, projecting $715 million in adjusted EBITDA for the fourth quarter of 2026 and more than $4 billion in adjusted EBITDA for 2027, driven by contract renewals and pricing gains.

B.Riley has increased its price target for Cleveland-Cliffs to $18 from $15, maintaining a Buy rating, following the company’s positive earnings report. The firm’s revised estimates for 2027 include an adjusted EBITDA projection of $3.1 billion, influenced by a higher hot-rolled coil price assumption. Additionally, Goldman Sachs raised its price target to $13 from $12, maintaining a Neutral rating, highlighting the company’s better-than-expected cost performance in the third quarter. These developments reflect a promising outlook for Cleveland-Cliffs as it benefits from higher prices, stronger shipments, and reduced costs.