Q3 Earnings Forecast for Cleveland-Cliffs Issued By B. Riley

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) - Stock analysts at B. Riley cut their Q3 2025 earnings estimates for shares of Cleveland-Cliffs in a research note issued to investors 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 previous 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.

CLF has been the topic of a number of other reports. Morgan Stanley lifted 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. The Goldman Sachs Group decreased their target price on shares of Cleveland-Cliffs from $13.00 to $11.25 and set a "buy" rating on the stock in a research report on Monday, May 12th. Citigroup increased their price target on shares of Cleveland-Cliffs from $7.50 to $11.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Glj Research downgraded shares of Cleveland-Cliffs from a "strong-buy" rating to a "strong sell" rating and set a $3.91 price objective on the stock. in a report on Wednesday, May 28th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Cleveland-Cliffs from $7.50 to $10.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $11.09.

Cleveland-Cliffs Stock Performance

NYSE CLF opened at $10.50 on Thursday. The stock has a market capitalization of $5.19 billion, a price-to-earnings ratio of -3.08 and a beta of 1.91. The business's 50 day moving average is $8.28 and its two-hundred day moving average is $8.86. Cleveland-Cliffs has a 12-month low of $5.63 and a 12-month high of $15.71. The company has a current ratio of 2.04, a quick ratio of 0.61 and a debt-to-equity ratio of 1.28.

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

Insider Activity at Cleveland-Cliffs

In other news, EVP James D. Graham sold 120,000 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $6.85, for a total transaction of $822,000.00. Following the completion of the transaction, the executive vice president directly owned 492,249 shares of the company's stock, valued at $3,371,905.65. This trade represents a 19.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.71% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Cleveland-Cliffs

A number of large investors have recently bought and sold shares of the stock. Summit Investment Advisors Inc. lifted its position in shares of Cleveland-Cliffs by 1.0% in the fourth quarter. Summit Investment Advisors Inc. now owns 96,956 shares of the mining company's stock valued at $911,000 after acquiring an additional 932 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in Cleveland-Cliffs by 0.9% in the 1st quarter. Louisiana State Employees Retirement System now owns 135,600 shares of the mining company's stock valued at $1,115,000 after purchasing an additional 1,200 shares in the last quarter. Clear Creek Financial Management LLC boosted its stake in shares of Cleveland-Cliffs by 5.1% during the 2nd quarter. Clear Creek Financial Management LLC now owns 26,480 shares of the mining company's stock worth $201,000 after purchasing an additional 1,280 shares during the last quarter. Pinnacle Holdings LLC grew its holdings in shares of Cleveland-Cliffs by 1.3% during the first quarter. Pinnacle Holdings LLC now owns 105,791 shares of the mining company's stock worth $870,000 after buying an additional 1,371 shares in the last quarter. Finally, Ancora Advisors LLC raised its position in shares of Cleveland-Cliffs by 5.4% in the fourth quarter. Ancora Advisors LLC now owns 28,357 shares of the mining company's stock valued at $267,000 after buying an additional 1,450 shares during the last quarter. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.