Q3 EPS Estimate for Cleveland-Cliffs Decreased by Analyst

Key Points

• B. Riley has reduced Cleveland-Cliffs' Q3 2025 earnings estimate from ($0.35) to ($0.51) per share, while maintaining a "Buy" rating with a price target of $17.00.
• The company reported a Q2 earnings per share of (0.50), surpassing analyst expectations, and a revenue of $4.93 billion, marking a 7.5% year-over-year increase.
• Cleveland-Cliffs currently has an average rating of "Hold" from analysts, with targets ranging from $3.91 to $11.25.

Cleveland-Cliffs Inc. (NYSE:CLF - Free Report) - Equities researchers at B. Riley reduced their Q3 2025 earnings per share (EPS) estimates for Cleveland-Cliffs in a research note issued on Tuesday, July 29th. B. Riley analyst N. Giles now anticipates that the mining company will post earnings of ($0.51) per share for the quarter, down from their prior estimate of ($0.35). B. Riley 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' Q4 2025 earnings at ($0.38) EPS, FY2026 earnings at ($0.68) EPS and FY2027 earnings at $0.12 EPS.

Cleveland-Cliffs (NYSE:CLF - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The mining company reported ($0.50) EPS for the quarter, topping analysts' consensus estimates of ($0.68) by $0.18. The company had revenue of $4.93 billion for the quarter, compared to analyst estimates of $4.90 billion. Cleveland-Cliffs had a negative return on equity of 17.97% and a negative net margin of 9.03%. The business's revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.11 earnings per share.

Several other equities analysts have also issued reports on the company. JPMorgan Chase & Co. upped their price target on Cleveland-Cliffs from $7.50 to $10.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. KeyCorp raised Cleveland-Cliffs from a "sector weight" rating to an "overweight" rating and set a $14.00 price target on the stock in a research note on Tuesday, July 22nd. Morgan Stanley upped their price target on Cleveland-Cliffs from $8.00 to $10.50 and gave the company an "equal weight" rating in a research note on Tuesday, July 22nd. Citigroup upped their price target on Cleveland-Cliffs from $7.50 to $11.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Finally, Glj Research lowered Cleveland-Cliffs from a "strong-buy" rating to a "strong sell" rating and set a $3.91 price target on the stock. in a research note on Wednesday, May 28th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Cleveland-Cliffs presently has a consensus rating of "Hold" and an average price target of $11.09.

Cleveland-Cliffs Price Performance

Cleveland-Cliffs stock traded down $0.04 on Thursday, reaching $10.03. The company's stock had a trading volume of 8,815,386 shares, compared to its average volume of 25,791,484. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.61 and a current ratio of 2.04. Cleveland-Cliffs has a twelve month low of $5.63 and a twelve month high of $14.34. The company has a market cap of $4.96 billion, a price-to-earnings ratio of -2.94 and a beta of 1.99. The business's fifty day moving average price is $8.42 and its 200 day moving average price is $8.84.

Institutional Investors Weigh In On Cleveland-Cliffs

Several large investors have recently modified their holdings of the business. Retirement Systems of Alabama increased its holdings in shares of Cleveland-Cliffs by 0.6% in the second quarter. Retirement Systems of Alabama now owns 592,490 shares of the mining company's stock worth $4,503,000 after acquiring an additional 3,324 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in shares of Cleveland-Cliffs by 86.2% in the second quarter. Hantz Financial Services Inc. now owns 8,072 shares of the mining company's stock worth $61,000 after acquiring an additional 3,738 shares in the last quarter. Arkadios Wealth Advisors increased its holdings in shares of Cleveland-Cliffs by 473.9% in the second quarter. Arkadios Wealth Advisors now owns 314,466 shares of the mining company's stock worth $2,390,000 after acquiring an additional 259,668 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in shares of Cleveland-Cliffs by 4.0% in the second quarter. Teacher Retirement System of Texas now owns 75,085 shares of the mining company's stock worth $571,000 after acquiring an additional 2,884 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Cleveland-Cliffs in the second quarter worth about $197,000. 67.68% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Cleveland-Cliffs news, EVP James D. Graham sold 120,000 shares of the stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $6.85, for a total value of $822,000.00. Following the transaction, the executive vice president owned 492,249 shares of the company's stock, valued at approximately $3,371,905.65. This represents a 19.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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.