Cleveland-Cliffs (CLF) Projected to Post Earnings on Monday

Cleveland-Cliffs (NYSE:CLF - Get Free Report) is expected to release its Q2 2025 earnings data before the market opens on Monday, July 21st. Analysts expect Cleveland-Cliffs to post earnings of ($0.63) per share and revenue of $4.90 billion for the quarter.

Cleveland-Cliffs (NYSE:CLF - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The mining company reported ($0.92) EPS for the quarter, missing the consensus estimate of ($0.78) by ($0.14). The business had revenue of $4.63 billion during the quarter, compared to analysts' expectations of $4.71 billion. Cleveland-Cliffs had a negative net margin of 6.35% and a negative return on equity of 12.84%. The firm's quarterly revenue was down 11.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.18 EPS. On average, analysts expect Cleveland-Cliffs to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Cleveland-Cliffs Stock Up 2.3%

Cleveland-Cliffs stock traded up $0.21 during midday trading on Thursday, hitting $9.35. 1,777,958 shares of the company were exchanged, compared to its average volume of 19,570,055. The company's fifty day moving average price is $7.61 and its 200-day moving average price is $8.79. Cleveland-Cliffs has a fifty-two week low of $5.63 and a fifty-two week high of $16.00. The company has a market cap of $4.62 billion, a PE ratio of -3.85 and a beta of 1.91. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.13 and a quick ratio of 0.64.

Insider Transactions at Cleveland-Cliffs

In other news, EVP James D. Graham sold 120,000 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $6.85, for a total value of $822,000.00. Following the transaction, the executive vice president owned 492,249 shares of the company's stock, valued at approximately $3,371,905.65. This represents a 19.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.71% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Cleveland-Cliffs

A hedge fund recently bought a new stake in Cleveland-Cliffs stock. Focus Partners Wealth acquired a new position in Cleveland-Cliffs Inc. (NYSE:CLF - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 41,258 shares of the mining company's stock, valued at approximately $339,000. 67.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Morgan Stanley increased their price target on Cleveland-Cliffs from $7.50 to $8.00 and gave the stock an "equal weight" rating in a research note on Friday, June 20th. B. Riley reissued a "buy" rating and set a $17.00 price target (down from $20.00) on shares of Cleveland-Cliffs in a research report on Wednesday, April 23rd. Glj Research lowered Cleveland-Cliffs from a "strong-buy" rating to a "strong sell" rating and set a $3.91 target price on the stock. in a research report on Wednesday, May 28th. The Goldman Sachs Group lowered their price objective on Cleveland-Cliffs from $13.00 to $11.25 and set a "buy" rating on the stock in a report on Monday, May 12th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and set a $7.50 price objective on shares of Cleveland-Cliffs in a report on Monday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $9.78.

Cleveland-Cliffs Company Profile

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.