Q1 EPS Estimate for Cleveland-Cliffs Decreased by Analyst

Cleveland-Cliffs Inc. (NYSE:CLF - Free Report) - Research analysts at Seaport Res Ptn lowered their Q1 2025 earnings estimates for shares of Cleveland-Cliffs in a research report issued to clients and investors on Wednesday, April 30th. Seaport Res Ptn analyst M. Englert now expects that the mining company will earn ($0.87) per share for the quarter, down from their previous forecast of ($0.72). The consensus estimate for Cleveland-Cliffs' current full-year earnings is ($0.79) per share. Seaport Res Ptn also issued estimates for Cleveland-Cliffs' Q2 2025 earnings at ($0.31) EPS, Q3 2025 earnings at $0.03 EPS, Q4 2025 earnings at $0.00 EPS, FY2025 earnings at ($1.15) EPS, Q1 2026 earnings at $0.43 EPS, Q2 2026 earnings at $0.44 EPS, Q3 2026 earnings at $0.37 EPS, Q4 2026 earnings at $0.33 EPS and FY2026 earnings at $1.57 EPS.

Several other equities research analysts also recently issued reports on CLF. The Goldman Sachs Group lowered their price target on Cleveland-Cliffs from $17.00 to $15.00 and set a "buy" rating on the stock in a research report on Tuesday, March 4th. B. Riley restated a "buy" rating and issued a $17.00 price objective (down previously from $20.00) on shares of Cleveland-Cliffs in a research note on Wednesday, April 23rd. Glj Research cut their target price on shares of 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, Morgan Stanley dropped their price objective on shares of Cleveland-Cliffs from $13.00 to $11.00 and set an "equal weight" rating on the stock in a report on Monday, February 3rd. 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 assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $15.49.

Cleveland-Cliffs Stock Performance

CLF stock traded down $0.13 during midday trading on Monday, hitting $8.49. 20,174,585 shares of the company traded hands, compared to its average volume of 14,441,256. The company has a quick ratio of 0.55, a current ratio of 1.85 and a debt-to-equity ratio of 0.53. The business has a 50 day simple moving average of $8.52 and a 200-day simple moving average of $10.25. The stock has a market capitalization of $4.20 billion, a price-to-earnings ratio of -8.75 and a beta of 2.03. Cleveland-Cliffs has a twelve month low of $6.17 and a twelve month high of $18.10.

Cleveland-Cliffs (NYSE:CLF - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The mining company reported ($0.92) earnings per share for the quarter, missing analysts' consensus estimates of ($0.60) by ($0.32). Cleveland-Cliffs had a negative return on equity of 0.59% and a negative net margin of 2.31%.

Institutional Investors Weigh In On Cleveland-Cliffs

A number of hedge funds have recently added to or reduced their stakes in the stock. Fairfax Financial Holdings Ltd. Can acquired a new position in shares of Cleveland-Cliffs during the fourth quarter worth approximately $55,453,000. Norges Bank bought a new position in Cleveland-Cliffs in the 4th quarter valued at $45,381,000. Slate Path Capital LP increased its stake in shares of Cleveland-Cliffs by 35.4% in the 4th quarter. Slate Path Capital LP now owns 16,208,000 shares of the mining company's stock valued at $152,355,000 after buying an additional 4,239,000 shares during the period. Vanguard Group Inc. raised its position in shares of Cleveland-Cliffs by 5.5% during the fourth quarter. Vanguard Group Inc. now owns 48,751,789 shares of the mining company's stock worth $458,267,000 after acquiring an additional 2,556,332 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its stake in shares of Cleveland-Cliffs by 168.8% during the first quarter. Allianz Asset Management GmbH now owns 3,555,383 shares of the mining company's stock valued at $29,225,000 after acquiring an additional 2,232,799 shares during the period. Institutional investors own 67.68% of the company's stock.

Insider Buying and Selling

In other Cleveland-Cliffs news, Director Jane M. Cronin acquired 10,000 shares of Cleveland-Cliffs stock in a transaction on Friday, February 28th. The shares were bought at an average price of $10.56 per share, with a total value of $105,600.00. Following the completion of the purchase, the director now owns 24,522 shares in the company, valued at $258,952.32. This trade represents a 68.86 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Keith Koci purchased 9,500 shares of the business's stock in a transaction that occurred on Friday, February 28th. The stock was acquired at an average cost of $10.81 per share, with a total value of $102,695.00. Following the completion of the acquisition, the executive vice president now directly owns 543,475 shares of the company's stock, valued at $5,874,964.75. The trade was a 1.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 23,500 shares of company stock worth $243,095 in the last 90 days. 1.71% of the stock is owned by company insiders.

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.