Q1 EPS Estimates for Cleveland-Cliffs Cut by Seaport Res Ptn

Cleveland-Cliffs Inc. (NYSE:CLF - Free Report) - Stock analysts at Seaport Res Ptn reduced their Q1 2025 earnings per share estimates for Cleveland-Cliffs in a research report issued on Wednesday, April 30th. Seaport Res Ptn analyst M. Englert now anticipates that the mining company will post earnings per share of ($0.87) for the quarter, down from their previous estimate 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.

CLF has been the topic of a number of other research reports. B. Riley reaffirmed a "buy" rating and set a $17.00 price target (down previously from $20.00) on shares of Cleveland-Cliffs in a report on Wednesday, April 23rd. The Goldman Sachs Group dropped their price objective on Cleveland-Cliffs from $17.00 to $15.00 and set a "buy" rating on the stock in a report on Tuesday, March 4th. Morgan Stanley reduced their price target on shares of Cleveland-Cliffs from $13.00 to $11.00 and set an "equal weight" rating for the company in a report on Monday, February 3rd. Finally, Glj Research lowered 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $15.49.

Cleveland-Cliffs Trading Down 2.8 %

Shares of CLF stock traded down $0.20 during trading hours on Monday, hitting $6.95. 11,427,493 shares of the company were exchanged, compared to its average volume of 14,665,811. 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 firm has a market cap of $3.44 billion, a PE ratio of -7.16 and a beta of 2.03. The firm has a fifty day moving average of $8.42 and a 200 day moving average of $10.20. Cleveland-Cliffs has a 1 year low of $6.17 and a 1 year high of $18.10.

Cleveland-Cliffs (NYSE:CLF - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The mining company reported ($0.92) EPS for the quarter, missing analysts' consensus estimates of ($0.78) by ($0.14). Cleveland-Cliffs had a negative net margin of 2.31% and a negative return on equity of 0.59%. The business had revenue of $4.63 billion during the quarter, compared to analyst estimates of $4.71 billion. During the same quarter in the prior year, the company posted $0.18 earnings per share. The company's revenue was down 11.0% on a year-over-year basis.

Insider Activity at Cleveland-Cliffs

In other news, EVP Keith Koci bought 9,500 shares of Cleveland-Cliffs stock in a transaction on Friday, February 28th. The shares were bought at an average cost of $10.81 per share, for a total transaction of $102,695.00. Following the acquisition, the executive vice president now owns 543,475 shares in the company, valued at approximately $5,874,964.75. This trade represents a 1.78 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John T. Baldwin bought 4,000 shares of the stock in a transaction dated Monday, March 10th. The stock was bought at an average price of $8.70 per share, with a total value of $34,800.00. Following the purchase, the director now owns 133,227 shares of the company's stock, valued at approximately $1,159,074.90. This represents a 3.10 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 23,500 shares of company stock valued at $243,095. 1.71% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CLF. Pinpoint Asset Management Ltd bought a new stake in Cleveland-Cliffs during the 4th quarter worth approximately $25,000. Estabrook Capital Management grew its holdings in Cleveland-Cliffs by 207.7% during the fourth quarter. Estabrook Capital Management now owns 4,000 shares of the mining company's stock worth $38,000 after purchasing an additional 2,700 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Cleveland-Cliffs in the 1st quarter valued at $36,000. Byrne Asset Management LLC boosted its holdings 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 worth $43,000 after buying an additional 2,600 shares during the period. Finally, Stonebridge Financial Group LLC acquired a new stake in Cleveland-Cliffs during the 4th quarter worth approximately $44,000. 67.68% of the stock is currently owned by institutional investors.

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.