B. Riley Research Analysts Lower Earnings Estimates for CLF

Cleveland-Cliffs Inc. (NYSE:CLF - Free Report) - Stock analysts at B. Riley dropped their Q1 2025 EPS estimates for Cleveland-Cliffs in a research note issued on Wednesday, April 23rd. B. Riley analyst N. Giles now forecasts that the mining company will post earnings of ($0.89) per share for the quarter, down from their prior estimate of ($0.77). B. Riley currently has a "Buy" rating and a $17.00 price objective on the stock. The consensus estimate for Cleveland-Cliffs' current full-year earnings is ($0.79) per share. B. Riley also issued estimates for Cleveland-Cliffs' Q2 2025 earnings at ($0.30) EPS, Q4 2025 earnings at $0.06 EPS, FY2025 earnings at ($1.17) EPS, Q1 2026 earnings at ($0.03) EPS, Q2 2026 earnings at $0.02 EPS, Q3 2026 earnings at $0.02 EPS, Q4 2026 earnings at $0.02 EPS and FY2026 earnings at $0.03 EPS.

Cleveland-Cliffs (NYSE:CLF - Get Free Report) last announced its quarterly earnings results on Monday, February 24th. The mining company reported ($0.68) EPS for the quarter, missing analysts' consensus estimates of ($0.65) by ($0.03). Cleveland-Cliffs had a negative net margin of 2.31% and a negative return on equity of 0.59%. The firm had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.46 billion.

Several other equities research analysts have also recently weighed in on CLF. Morgan Stanley decreased their price objective on shares of Cleveland-Cliffs from $13.00 to $11.00 and set an "equal weight" rating for the company in a research report on Monday, February 3rd. Glj Research decreased their target price on Cleveland-Cliffs from $14.54 to $12.90 and set a "buy" rating for the company in a research note on Thursday, February 27th. Finally, The Goldman Sachs Group dropped their price target on Cleveland-Cliffs from $17.00 to $15.00 and set a "buy" rating on the stock in a research note on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $15.49.

Cleveland-Cliffs Trading Up 0.9 %

NYSE:CLF traded up $0.08 on Friday, reaching $8.25. 5,231,534 shares of the stock traded hands, compared to its average volume of 14,273,630. The company has a current ratio of 1.85, a quick ratio of 0.55 and a debt-to-equity ratio of 0.53. Cleveland-Cliffs has a 1-year low of $6.17 and a 1-year high of $18.20. The company's 50 day moving average is $8.83 and its 200-day moving average is $10.43. The firm has a market capitalization of $4.08 billion, a price-to-earnings ratio of -8.48 and a beta of 1.93.

Institutional Investors Weigh In On Cleveland-Cliffs

A number of hedge funds have recently modified their holdings of the stock. Pinpoint Asset Management Ltd bought a new position in shares of Cleveland-Cliffs during the 4th quarter worth $25,000. Estabrook Capital Management raised its position in shares of Cleveland-Cliffs by 207.7% in the fourth quarter. Estabrook Capital Management now owns 4,000 shares of the mining company's stock valued at $38,000 after purchasing an additional 2,700 shares during the period. Byrne Asset Management LLC lifted its stake in shares of Cleveland-Cliffs by 130.0% during the 4th quarter. Byrne Asset Management LLC now owns 4,600 shares of the mining company's stock valued at $43,000 after buying an additional 2,600 shares in the last quarter. Stonebridge Financial Group LLC purchased a new position in Cleveland-Cliffs in the 4th quarter valued at approximately $44,000. Finally, AllSquare Wealth Management LLC lifted its position in shares of Cleveland-Cliffs by 24.4% during the fourth quarter. AllSquare Wealth Management LLC now owns 5,100 shares of the mining company's stock worth $48,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors own 67.68% of the company's stock.

Insiders Place Their Bets

In other Cleveland-Cliffs news, EVP Keith Koci bought 9,500 shares of the business's stock in a transaction dated Friday, February 28th. The shares were purchased at an average price of $10.81 per share, for a total transaction of $102,695.00. Following the purchase, the executive vice president now directly owns 543,475 shares of the company's stock, valued at approximately $5,874,964.75. This represents a 1.78 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John T. Baldwin purchased 4,000 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were acquired at an average cost of $8.70 per share, with a total value of $34,800.00. Following the completion of the transaction, the director now directly owns 133,227 shares of the company's stock, valued at $1,159,074.90. The trade was a 3.10 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 23,500 shares of company stock worth $243,095. Insiders own 1.76% of the company's stock.

About Cleveland-Cliffs

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.