Cleveland-Cliffs Inc. (NYSE:CLF) Forecasted to Post Q1 2025 Earnings of $0.37 Per Share

Cleveland-Cliffs Inc. (NYSE:CLF - Free Report) - Analysts at Zacks Research lowered their Q1 2025 earnings estimates for shares of Cleveland-Cliffs in a research report issued to clients and investors on Tuesday, April 16th. Zacks Research analyst A. Barman now anticipates that the mining company will earn $0.37 per share for the quarter, down from their previous forecast of $0.45. The consensus estimate for Cleveland-Cliffs' current full-year earnings is $1.63 per share. Zacks Research also issued estimates for Cleveland-Cliffs' Q3 2025 earnings at $0.60 EPS, FY2025 earnings at $2.31 EPS, Q1 2026 earnings at $0.42 EPS and FY2026 earnings at $2.63 EPS.

A number of other research analysts have also weighed in on CLF. BNP Paribas lowered shares of Cleveland-Cliffs from a "neutral" rating to an "underperform" rating and set a $16.50 price target on the stock. in a research note on Wednesday, February 28th. Wolfe Research reissued an "underperform" rating and issued a $18.00 price target on shares of Cleveland-Cliffs in a research report on Tuesday, April 9th. TheStreet cut shares of Cleveland-Cliffs from a "b-" rating to a "c" rating in a research report on Tuesday, January 30th. StockNews.com cut shares of Cleveland-Cliffs from a "buy" rating to a "hold" rating in a research report on Wednesday, February 21st. Finally, Citigroup cut shares of Cleveland-Cliffs from a "buy" rating to a "neutral" rating and set a $22.00 price target for the company. in a research report on Wednesday, March 13th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Cleveland-Cliffs currently has an average rating of "Hold" and an average price target of $19.92.

Cleveland-Cliffs Price Performance

Cleveland-Cliffs stock traded up $0.16 during midday trading on Wednesday, reaching $21.21. The company had a trading volume of 9,055,849 shares, compared to its average volume of 8,400,393. The company has a market capitalization of $10.08 billion, a P/E ratio of 27.54, a P/E/G ratio of 0.75 and a beta of 2.03. Cleveland-Cliffs has a 12-month low of $13.61 and a 12-month high of $22.97. The firm's fifty day simple moving average is $20.90 and its 200-day simple moving average is $18.83. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.89 and a quick ratio of 0.62.

Cleveland-Cliffs (NYSE:CLF - Get Free Report) last posted its earnings results on Tuesday, January 30th. The mining company reported ($0.05) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.05). Cleveland-Cliffs had a net margin of 1.81% and a return on equity of 6.79%. The business had revenue of $5.11 billion for the quarter, compared to analyst estimates of $5.16 billion. During the same period in the prior year, the company posted ($0.30) EPS. The company's revenue for the quarter was up 1.3% on a year-over-year basis.

Institutional Trading of Cleveland-Cliffs

Several large investors have recently modified their holdings of CLF. Norges Bank acquired a new stake in shares of Cleveland-Cliffs in the fourth quarter valued at approximately $117,585,000. State Street Corp boosted its position in Cleveland-Cliffs by 18.6% during the second quarter. State Street Corp now owns 21,000,065 shares of the mining company's stock worth $322,771,000 after acquiring an additional 3,295,448 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Cleveland-Cliffs by 801.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,608,984 shares of the mining company's stock worth $53,277,000 after acquiring an additional 2,319,486 shares during the last quarter. Vanguard Group Inc. boosted its position in Cleveland-Cliffs by 5.4% during the first quarter. Vanguard Group Inc. now owns 44,506,741 shares of the mining company's stock worth $1,433,561,000 after acquiring an additional 2,276,018 shares during the last quarter. Finally, Peconic Partners LLC acquired a new stake in Cleveland-Cliffs during the fourth quarter worth approximately $42,370,000. 67.68% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Susan Miranda Green sold 6,500 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $20.40, for a total transaction of $132,600.00. Following the completion of the transaction, the director now directly owns 90,286 shares of the company's stock, valued at $1,841,834.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Cleveland-Cliffs news, Director Susan Miranda Green sold 6,500 shares of the company's stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $20.40, for a total transaction of $132,600.00. Following the transaction, the director now directly owns 90,286 shares in the company, valued at $1,841,834.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ron A. Bloom bought 25,000 shares of the stock in a transaction on Thursday, February 1st. The shares were bought at an average price of $20.24 per share, for a total transaction of $506,000.00. Following the completion of the transaction, the director now directly owns 27,221 shares of the company's stock, valued at approximately $550,953.04. The disclosure for this purchase can be found here. Insiders sold 221,066 shares of company stock valued at $4,464,688 over the last ninety days. Corporate insiders own 1.76% of the company's stock.

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.