Cleveland-Cliffs (CLF) Projected to Announce Earnings on Thursday

Cleveland-Cliffs (NYSE:CLF) will likely be issuing its Q2 2026 results before the market opens on Thursday, July 23rd. Analysts expect the company to announce earnings of ($0.18) per share and revenue of $5.1751 billion for the quarter. Individuals may review the information on the company’s upcoming Q2 2026 earning report for the latest details on the call scheduled for Thursday, July 23, 2026 at 8:30 AM ET.

Cleveland-Cliffs (NYSE:CLF) last issued its quarterly earnings data on Monday, April 20th. The mining company reported ($0.40) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.04. Cleveland-Cliffs had a negative return on equity of 15.48% and a negative net margin of 6.42%.The company had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $4.84 billion. During the same quarter last year, the company earned ($0.92) earnings per share. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, analysts expect Cleveland-Cliffs to post $-0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Cleveland-Cliffs Price Performance

CLF opened at $9.24 on Wednesday. The firm has a market capitalization of $5.27 billion, a PE ratio of -3.95 and a beta of 2.13. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.02 and a quick ratio of 0.64. The business’s 50-day moving average is $11.28 and its two-hundred day moving average is $11.07. Cleveland-Cliffs has a 1 year low of $7.73 and a 1 year high of $16.70.

Insider Buying and Selling

In other Cleveland-Cliffs news, EVP Celso L. Goncalves, Jr. sold 214,308 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $13.41, for a total transaction of $2,873,870.28. Following the sale, the executive vice president owned 184,542 shares of the company’s stock, valued at approximately $2,474,708.22. The trade was a 53.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.95% of the stock is owned by company insiders.

Hedge Funds Weigh In On Cleveland-Cliffs

Hedge funds have recently made changes to their positions in the company. Corient Private Wealth LLC boosted its position in Cleveland-Cliffs by 33.9% in the 4th quarter. Corient Private Wealth LLC now owns 24,378 shares of the mining company’s stock worth $324,000 after purchasing an additional 6,176 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Cleveland-Cliffs during the 4th quarter valued at approximately $387,000. State of Tennessee Department of Treasury increased its holdings in shares of Cleveland-Cliffs by 65.9% during the 4th quarter. State of Tennessee Department of Treasury now owns 221,437 shares of the mining company’s stock valued at $3,047,000 after purchasing an additional 87,975 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of Cleveland-Cliffs by 3,987.9% in the 4th quarter. NewEdge Advisors LLC now owns 98,559 shares of the mining company’s stock valued at $1,309,000 after purchasing an additional 96,148 shares during the period. Finally, XTX Topco Ltd acquired a new position in shares of Cleveland-Cliffs in the 4th quarter valued at $513,000. 67.68% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on CLF shares. Wells Fargo & Company cut their price objective on shares of Cleveland-Cliffs from $14.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 9th. Bank of America decreased their target price on shares of Cleveland-Cliffs from $14.00 to $11.50 and set a “neutral” rating for the company in a research report on Thursday, July 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Cleveland-Cliffs in a research note on Friday, April 24th. JPMorgan Chase & Co. cut their price target on shares of Cleveland-Cliffs from $13.00 to $10.00 and set a “neutral” rating on the stock in a report on Wednesday, July 15th. Finally, KeyCorp assumed coverage on Cleveland-Cliffs in a research report on Wednesday, March 25th. They set a “sector weight” rating on the stock. Nine research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $11.50.

About Cleveland-Cliffs

Cleveland-Cliffs Inc is a leading North American producer of iron ore pellets and flat-rolled steel products. Tracing its roots to 1847, the company has evolved from an iron-ore mining concern in the Great Lakes region into a fully integrated steelmaker. Today, Cleveland-Cliffs operates iron ore mining complexes in Michigan and Minnesota as well as steelmaking and finishing facilities across the United States.

The company’s integrated platform begins with direct control of key raw materials, including iron ore and scrap, and extends through every stage of steel production.