# Cleveland-Cliffs Stock Surges on Stronger Q3 Results

> Cleveland-Cliffs stock jumps 16.34% after stronger Q3 results and raised 2027 EBITDA outlook.
- Title: Cleveland-Cliffs Stock Surges on Stronger Q3 Results
- Summary: Cleveland-Cliffs stock jumps 16.34% after stronger Q3 results and raised 2027 EBITDA outlook. Cleveland-Cliffs stock rose 16.34% following stronger Q3…
- Keywords: cleveland-cliffs, q3 results, ebitda outlook, stock market, steel production, nyse, finance, money, Stock, Surges, Stronger, Results
- Source: The Motley Fool — https://fool.com/coverage/stock-market-today/2026/10/19/stock-market-today-oct-19-cleveland-cliffs-surges-on-stronger-q3-results-and-raised-2027-ebitda-outlook
- Author: Howard Smith
- Published: 2026-10-19T21:17:27+00:00
- Read time: 1 min
- Topics: cleveland-cliffs, q3 results, ebitda outlook, stock market, steel production, nyse, finance, money
## Cleveland-Cliffs Stock Performance
Cleveland-Cliffs stock rose 16.34% after stronger third-quarter results and a higher 2027 EBITDA outlook.
## Market Reaction to Results
The S&P 500 rose 0.42% to 7,691 while steel peers Nucor and Steel Dynamics also gained.
## 2027 EBITDA Target
Cleveland-Cliffs expects adjusted EBITDA to exceed $4 billion in 2027 with robust steel pricing and demand.
## Key takeaway

Cleveland-Cliffs stock rose 16.34% following stronger Q3 results and a higher 2027 EBITDA target.