Q3 Earnings Estimate for Cleveland-Cliffs Issued By KeyCorp

Cleveland-Cliffs Inc. (NYSE:CLF - Free Report) - Analysts at KeyCorp issued their Q3 2025 earnings per share (EPS) estimates for Cleveland-Cliffs in a research note issued to investors on Monday, July 21st. KeyCorp analyst P. Gibbs forecasts that the mining company will post earnings per share of ($0.30) for the quarter. KeyCorp currently has a "Overweight" rating and a $14.00 target price on the stock. The consensus estimate for Cleveland-Cliffs' current full-year earnings is ($0.79) per share. KeyCorp also issued estimates for Cleveland-Cliffs' Q4 2025 earnings at ($0.14) EPS.

Several other equities analysts have also issued reports on CLF. Glj Research lowered Cleveland-Cliffs from a "strong-buy" rating to a "strong sell" rating and set a $3.91 target price for the company. in a research report on Wednesday, May 28th. The Goldman Sachs Group decreased their target price on Cleveland-Cliffs from $13.00 to $11.25 and set a "buy" rating for the company in a research report on Monday, May 12th. JPMorgan Chase & Co. boosted their target price on Cleveland-Cliffs from $7.50 to $10.00 and gave the stock a "neutral" rating in a research report on Thursday. Morgan Stanley boosted their target price on Cleveland-Cliffs from $8.00 to $10.50 and gave the stock an "equal weight" rating in a research report on Tuesday. Finally, Citigroup boosted their target price on Cleveland-Cliffs from $7.50 to $11.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. Two analysts have rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Cleveland-Cliffs has an average rating of "Hold" and a consensus price target of $11.09.

Cleveland-Cliffs Trading Up 4.8%

CLF stock traded up $0.53 during midday trading on Wednesday, reaching $11.44. The company's stock had a trading volume of 28,309,127 shares, compared to its average volume of 30,815,626. The stock has a market cap of $5.66 billion, a PE ratio of -3.35 and a beta of 1.91. Cleveland-Cliffs has a 52 week low of $5.63 and a 52 week high of $15.71. The business's 50-day simple moving average is $8.06 and its 200-day simple moving average is $8.84. The company has a quick ratio of 0.64, a current ratio of 2.04 and a debt-to-equity ratio of 1.28.

Cleveland-Cliffs (NYSE:CLF - Get Free Report) last announced its quarterly earnings data on Monday, July 21st. The mining company reported ($0.50) earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $4.90 billion. During the same period last year, the firm earned $0.11 earnings per share. The business's revenue for the quarter was up 7.5% on a year-over-year basis.

Insider Transactions at Cleveland-Cliffs

In other news, EVP James D. Graham sold 120,000 shares of the company's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $6.85, for a total transaction of $822,000.00. Following the transaction, the executive vice president owned 492,249 shares of the company's stock, valued at $3,371,905.65. This represents a 19.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.71% of the company's stock.

Hedge Funds Weigh In On Cleveland-Cliffs

A number of large investors have recently modified their holdings of the company. Summit Investment Advisors Inc. increased its position in Cleveland-Cliffs by 1.0% during 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 during the last quarter. Louisiana State Employees Retirement System boosted its stake in Cleveland-Cliffs by 0.9% during the first quarter. Louisiana State Employees Retirement System now owns 135,600 shares of the mining company's stock valued at $1,115,000 after buying an additional 1,200 shares during the last quarter. Clear Creek Financial Management LLC boosted its stake in Cleveland-Cliffs by 5.1% during the second quarter. Clear Creek Financial Management LLC now owns 26,480 shares of the mining company's stock valued at $201,000 after buying an additional 1,280 shares during the last quarter. Pinnacle Holdings LLC boosted its stake in Cleveland-Cliffs by 1.3% during the first quarter. Pinnacle Holdings LLC now owns 105,791 shares of the mining company's stock valued at $870,000 after buying an additional 1,371 shares during the last quarter. Finally, Ancora Advisors LLC boosted its stake in Cleveland-Cliffs by 5.4% during 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. 67.68% of the stock is owned by hedge funds and other institutional investors.

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.