Q3 2025 EPS Estimates for Cleveland-Cliffs Inc. Lowered by Zacks Research (NYSE:CLF)

Cleveland-Cliffs Inc. (NYSE:CLF - Free Report) - Equities researchers at Zacks Research lowered their Q3 2025 EPS estimates for Cleveland-Cliffs in a report issued on Monday, May 6th. Zacks Research analyst A. Barman now expects that the mining company will post earnings of $0.58 per share for the quarter, down from their prior estimate of $0.60. The consensus estimate for Cleveland-Cliffs' current full-year earnings is $1.22 per share. Zacks Research also issued estimates for Cleveland-Cliffs' Q4 2025 earnings at $0.69 EPS and FY2025 earnings at $2.20 EPS.

Several other research firms have also commented on CLF. StockNews.com lowered shares of Cleveland-Cliffs from a "buy" rating to a "hold" rating in a research note on Friday, April 26th. B. Riley decreased their target price on shares of Cleveland-Cliffs from $25.00 to $24.00 and set a "buy" rating for the company in a report on Tuesday, April 30th. Wolfe Research reissued an "underperform" rating and issued a $18.00 target price on shares of Cleveland-Cliffs in a report on Tuesday, April 9th. BNP Paribas downgraded Cleveland-Cliffs from a "neutral" rating to an "underperform" rating and set a $16.50 price target on the stock. in a report on Wednesday, February 28th. Finally, Morgan Stanley dropped their target price on shares of Cleveland-Cliffs from $20.00 to $19.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 30th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $20.42.

Cleveland-Cliffs Trading Down 0.4 %

Shares of CLF traded down $0.07 during trading hours on Wednesday, reaching $17.24. 6,263,169 shares of the company traded hands, compared to its average volume of 8,902,572. The company's fifty day moving average price is $20.42 and its two-hundred day moving average price is $19.15. The company has a market capitalization of $8.20 billion, a price-to-earnings ratio of 23.30, a price-to-earnings-growth ratio of 0.83 and a beta of 2.10. The company has a quick ratio of 0.59, a current ratio of 1.90 and a debt-to-equity ratio of 0.49. Cleveland-Cliffs has a 12 month low of $13.61 and a 12 month high of $22.97.

Cleveland-Cliffs (NYSE:CLF - Get Free Report) last announced its earnings results on Monday, April 22nd. The mining company reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by ($0.01). The company had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.34 billion. Cleveland-Cliffs had a net margin of 1.78% and a return on equity of 8.69%. The company's revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.11) EPS.

Cleveland-Cliffs declared that its Board of Directors has authorized a stock repurchase program on Monday, April 22nd that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the mining company to repurchase up to 17.2% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its stock is undervalued.

Insider Activity at Cleveland-Cliffs

In other Cleveland-Cliffs news, CEO Lourenco Goncalves sold 187,136 shares of the business's stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $20.19, for a total transaction of $3,778,275.84. Following the completion of the sale, the chief executive officer now owns 2,699,089 shares of the company's stock, valued at $54,494,606.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Susan Miranda Green sold 6,500 shares of Cleveland-Cliffs stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $20.40, for a total transaction of $132,600.00. Following the sale, the director now owns 90,286 shares of the company's stock, valued at approximately $1,841,834.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lourenco Goncalves sold 187,136 shares of Cleveland-Cliffs stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $20.19, for a total value of $3,778,275.84. Following the completion of the sale, the chief executive officer now directly owns 2,699,089 shares in the company, valued at approximately $54,494,606.91. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 87,000 shares of company stock worth $1,470,640 and sold 221,066 shares worth $4,464,688. 1.76% of the stock is owned by company insiders.

Hedge Funds Weigh In On Cleveland-Cliffs

Institutional investors and hedge funds have recently modified their holdings of the stock. Anchor Investment Management LLC bought a new position in shares of Cleveland-Cliffs in the 4th quarter worth $31,000. Lindbrook Capital LLC boosted its position in Cleveland-Cliffs by 83.7% during the fourth quarter. Lindbrook Capital LLC now owns 1,571 shares of the mining company's stock worth $32,000 after purchasing an additional 716 shares in the last quarter. Rise Advisors LLC boosted its position in Cleveland-Cliffs by 2,858.0% during the first quarter. Rise Advisors LLC now owns 1,479 shares of the mining company's stock worth $34,000 after purchasing an additional 1,429 shares in the last quarter. HighMark Wealth Management LLC acquired a new position in shares of Cleveland-Cliffs during the fourth quarter valued at approximately $35,000. Finally, Allworth Financial LP increased its holdings in shares of Cleveland-Cliffs by 50.3% in the fourth quarter. Allworth Financial LP now owns 1,850 shares of the mining company's stock valued at $38,000 after purchasing an additional 619 shares during the last quarter. Hedge funds and other institutional investors own 67.68% 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.