Zacks Research Cuts Earnings Estimates for Cleveland-Cliffs

Cleveland-Cliffs Inc. (NYSE:CLF - Free Report) - Equities research analysts at Zacks Research decreased their Q2 2025 earnings per share (EPS) estimates for shares of Cleveland-Cliffs in a note issued to investors on Wednesday, June 11th. Zacks Research analyst A. Barman now anticipates that the mining company will post earnings per share of ($0.56) for the quarter, down from their previous forecast of ($0.53). The consensus estimate for Cleveland-Cliffs' current full-year earnings is ($0.79) per share. Zacks Research also issued estimates for Cleveland-Cliffs' Q3 2025 earnings at ($0.18) EPS, Q4 2025 earnings at ($0.17) EPS, FY2025 earnings at ($1.83) EPS, Q1 2026 earnings at $0.01 EPS, Q2 2026 earnings at ($0.05) EPS, Q3 2026 earnings at ($0.04) EPS, FY2026 earnings at ($0.09) EPS and FY2027 earnings at $0.51 EPS.

Several other research firms have also recently weighed in on CLF. The Goldman Sachs Group decreased their price objective on shares of Cleveland-Cliffs from $13.00 to $11.25 and set a "buy" rating for the company in a research report on Monday, May 12th. Glj Research cut shares of 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 report on Wednesday, May 28th. Finally, B. Riley reiterated a "buy" rating and set a $17.00 price target (down from $20.00) on shares of Cleveland-Cliffs in a report on Wednesday, April 23rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $12.03.

Cleveland-Cliffs Trading Down 4.4%

Cleveland-Cliffs stock traded down $0.34 during mid-day trading on Monday, hitting $7.33. 31,368,450 shares of the stock were exchanged, compared to its average volume of 18,230,976. The stock has a market capitalization of $3.63 billion, a price-to-earnings ratio of -3.00 and a beta of 1.85. Cleveland-Cliffs has a 12 month low of $5.63 and a 12 month high of $16.47. The company has a quick ratio of 0.64, a current ratio of 2.13 and a debt-to-equity ratio of 1.17. The firm's fifty day simple moving average is $7.42 and its two-hundred day simple moving average is $9.12.

Cleveland-Cliffs (NYSE:CLF - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The mining company reported ($0.92) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.78) by ($0.14). Cleveland-Cliffs had a negative return on equity of 12.84% and a negative net margin of 6.35%. The company had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.71 billion. During the same quarter last year, the business earned $0.18 earnings per share. Cleveland-Cliffs's revenue was down 11.0% compared to the same quarter last year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pinpoint Asset Management Ltd acquired a new position in shares of Cleveland-Cliffs during the fourth quarter worth approximately $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Cleveland-Cliffs during the 1st quarter valued at $36,000. Estabrook Capital Management raised 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 buying an additional 2,700 shares during the last quarter. AllSquare Wealth Management LLC lifted its stake in shares of Cleveland-Cliffs by 24.4% in the fourth quarter. AllSquare Wealth Management LLC now owns 5,100 shares of the mining company's stock valued at $48,000 after buying an additional 1,000 shares in the last quarter. Finally, Fifth Third Bancorp lifted its stake in shares of Cleveland-Cliffs by 36.6% in the first quarter. Fifth Third Bancorp now owns 6,216 shares of the mining company's stock valued at $51,000 after buying an additional 1,664 shares in the last quarter. Institutional investors own 67.68% of the company's stock.

Insider Activity at Cleveland-Cliffs

In related 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 value of $822,000.00. Following the completion of the sale, the executive vice president now directly owns 492,249 shares of the company's stock, valued at $3,371,905.65. The trade was a 19.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.71% of the stock is owned by corporate insiders.

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.