Research Analysts Issue Forecasts for CLF Q4 Earnings

Cleveland-Cliffs Inc. (NYSE:CLF) – Equities researchers at KeyCorp issued their Q4 2026 earnings estimates for Cleveland-Cliffs in a research note issued to investors on Wednesday, October 21st. KeyCorp analyst S. Mckinney anticipates that the mining company will earn $0.44 per share for the quarter. The consensus estimate for Cleveland-Cliffs’ current full-year earnings is $0.12 per share. KeyCorp also issued estimates for Cleveland-Cliffs’ FY2027 earnings at $1.61 EPS.

Cleveland-Cliffs (NYSE:CLF) last issued its quarterly earnings results on Monday, October 19th. The mining company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. Cleveland-Cliffs had a negative net margin of 2.36% and a negative return on equity of 6.83%. The business had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.69 billion. During the same quarter last year, the business posted ($0.51) earnings per share. Cleveland-Cliffs’s revenue for the quarter was up 18.5% compared to the same quarter last year.

A number of other equities research analysts also recently weighed in on CLF. Wall Street Zen upgraded Cleveland-Cliffs from a “hold” rating to a “buy” rating in a research report on Saturday. Glj Research boosted their price objective on Cleveland-Cliffs from $15.60 to $17.48 and gave the stock a “buy” rating in a report on Monday, September 21st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cleveland-Cliffs in a research note on Monday, October 19th. JPMorgan Chase & Co. boosted their target price on Cleveland-Cliffs from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Thursday, October 22nd. Finally, Citigroup restated a “positive” rating on shares of Cleveland-Cliffs in a report on Friday, July 24th. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $13.82.

Cleveland-Cliffs Stock Down 3.6%

NYSE:CLF opened at $13.40 on Tuesday. The stock’s fifty day moving average price is $12.19 and its two-hundred day moving average price is $11.37. Cleveland-Cliffs has a 52-week low of $7.73 and a 52-week high of $15.35. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.64 and a current ratio of 1.87. The company has a market cap of $7.65 billion, a price-to-earnings ratio of -15.77, a P/E/G ratio of 5.29 and a beta of 2.09.

Insider Buying and Selling at Cleveland-Cliffs

In related news, Director Edilson Camara purchased 7,400 shares of the stock in a transaction on Thursday, October 22nd. The shares were purchased at an average price of $13.49 per share, with a total value of $99,826.00. Following the transaction, the director directly owned 64,717 shares of the company’s stock, valued at $873,032.33. This trade represents a 12.91% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.95% of the stock is owned by company insiders.

Hedge Funds Weigh In On Cleveland-Cliffs

Several hedge funds and other institutional investors have recently made changes to their positions in CLF. Sei Investments Co. increased its stake in shares of Cleveland-Cliffs by 95.4% during the 1st quarter. Sei Investments Co. now owns 302,972 shares of the mining company’s stock worth $2,560,000 after purchasing an additional 147,899 shares during the last quarter. Quantinno Capital Management LP increased its holdings in shares of Cleveland-Cliffs by 68.0% during the 1st quarter. Quantinno Capital Management LP now owns 212,522 shares of the mining company’s stock worth $1,796,000 after acquiring an additional 86,036 shares during the last quarter. SFE Investment Counsel acquired a new position in shares of Cleveland-Cliffs during the 2nd quarter worth approximately $8,562,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Cleveland-Cliffs in the 2nd quarter valued at $505,000. Finally, California State Teachers Retirement System raised its stake in Cleveland-Cliffs by 23.0% in the 1st quarter. California State Teachers Retirement System now owns 662,180 shares of the mining company’s stock valued at $5,595,000 after acquiring an additional 123,660 shares during the period. 67.68% of the stock is owned by institutional investors.

About Cleveland-Cliffs

Cleveland-Cliffs Inc is an integrated North American steel producer headquartered in Cleveland, Ohio. The company operates across the steelmaking value chain, from mining and processing iron ore to producing and distributing finished steel products. Its operations include iron ore mines and pelletizing facilities, steel mills, finishing plants, and related manufacturing and distribution assets.

The company produces carbon steel, stainless steel, electrical steel, and other specialty products, including hot-rolled, cold-rolled, and galvanized sheet steel.