FY2025 Earnings Estimate for CLF Issued By KeyCorp

Cleveland-Cliffs Inc. (NYSE:CLF - Free Report) - Stock analysts at KeyCorp issued their FY2025 earnings per share estimates for Cleveland-Cliffs in a research report issued to clients and investors on Monday, July 21st. KeyCorp analyst P. Gibbs anticipates that the mining company will earn ($1.85) per share for the year. KeyCorp has a "Overweight" rating and a $14.00 price target 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' FY2026 earnings at $0.42 EPS.

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. The firm had revenue of $4.93 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.11 EPS.

CLF has been the subject of several other research reports. Morgan Stanley increased their price target on Cleveland-Cliffs from $8.00 to $10.50 and gave the stock an "equal weight" rating in a research note on Tuesday. JPMorgan Chase & Co. increased their price target on Cleveland-Cliffs from $7.50 to $10.00 and gave the stock a "neutral" rating in a research note on Thursday. Glj Research downgraded 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 note on Wednesday, May 28th. B. Riley restated a "buy" rating and issued a $17.00 target price (down previously from $20.00) on shares of Cleveland-Cliffs in a research note on Wednesday, April 23rd. Finally, Citigroup raised their target price on Cleveland-Cliffs from $7.50 to $11.00 and gave the stock a "neutral" rating in a research note on Monday. Two analysts have rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $11.09.

Cleveland-Cliffs Stock Performance

Shares of CLF stock traded down $0.36 on Thursday, hitting $10.92. 24,641,774 shares of the stock were exchanged, compared to its average volume of 31,291,766. The company has a current ratio of 2.04, a quick ratio of 0.64 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $5.40 billion, a PE ratio of -3.20 and a beta of 1.91. Cleveland-Cliffs has a one year low of $5.63 and a one year high of $15.71. The firm's 50 day moving average is $7.92 and its two-hundred day moving average is $8.82.

Insider Activity at Cleveland-Cliffs

In other Cleveland-Cliffs news, EVP James D. Graham sold 120,000 shares of the business's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $6.85, for a total transaction of $822,000.00. Following the completion of the sale, the executive vice president owned 492,249 shares of the company's stock, valued at approximately $3,371,905.65. The trade was a 19.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.71% of the stock is owned by insiders.

Institutional Investors Weigh In On Cleveland-Cliffs

A number of hedge funds have recently made changes to their positions in CLF. Pinpoint Asset Management Ltd purchased a new stake in Cleveland-Cliffs during the fourth quarter valued at approximately $25,000. Atwood & Palmer Inc. purchased a new stake in Cleveland-Cliffs during the second quarter valued at approximately $27,000. Trust Co. of Toledo NA OH purchased a new stake in Cleveland-Cliffs during the second quarter valued at approximately $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Cleveland-Cliffs during the first quarter valued at approximately $36,000. Finally, Estabrook Capital Management raised its position in Cleveland-Cliffs by 207.7% during the fourth quarter. Estabrook Capital Management now owns 4,000 shares of the mining company's stock valued at $38,000 after purchasing an additional 2,700 shares during the period. 67.68% of the stock is currently owned by hedge funds and other 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.