Research Analysts Set Expectations for CLF FY2026 Earnings

Cleveland-Cliffs Inc. (NYSE:CLF) – Investment analysts at KeyCorp issued their FY2026 earnings estimates for shares of Cleveland-Cliffs in a research report issued to clients and investors on Wednesday, October 21st. KeyCorp analyst S. Mckinney expects that the mining company will post earnings of $0.14 per share for the year. The consensus estimate for Cleveland-Cliffs’ current full-year earnings is $0.12 per share.

A number of other equities analysts have also recently commented on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Cleveland-Cliffs in a report on Monday, October 19th. Bank of America reduced their price target on shares of Cleveland-Cliffs from $14.00 to $11.50 and set a “neutral” rating on the stock in a research report on Thursday, July 9th. Barclays lifted their price objective on shares of Cleveland-Cliffs from $11.00 to $12.00 and gave the company an “underweight” rating in a report on Thursday, October 22nd. UBS Group set a $13.00 target price on shares of Cleveland-Cliffs in a research note on Monday, September 7th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $13.00 target price on shares of Cleveland-Cliffs in a report on Tuesday, October 20th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Cleveland-Cliffs presently has an average rating of “Hold” and a consensus price target of $13.82.

Cleveland-Cliffs Trading Up 4.0%

CLF stock opened at $13.91 on Wednesday. Cleveland-Cliffs has a 12-month low of $7.73 and a 12-month high of $15.35. The business’s fifty day moving average price is $12.22 and its 200 day moving average price is $11.38.

Cleveland-Cliffs (NYSE:CLF) last announced its earnings results on Monday, October 19th. The mining company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. The firm had revenue of $5.61 billion during the quarter, compared to analysts’ expectations of $5.69 billion. During the same period in the previous year, the firm earned ($0.51) EPS. The firm’s revenue for the quarter was up 18.5% compared to the same quarter last year.

Institutional Trading of Cleveland-Cliffs

Several hedge funds have recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. raised its holdings in shares of Cleveland-Cliffs by 30.5% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 17,104 shares of the mining company’s stock valued at $188,000 after purchasing an additional 3,998 shares in the last quarter. Signaturefd LLC lifted its position in shares of Cleveland-Cliffs by 13.0% during the 3rd quarter. Signaturefd LLC now owns 9,234 shares of the mining company’s stock worth $102,000 after purchasing an additional 1,059 shares during the last quarter. Evergreen Capital Management LLC acquired a new position in shares of Cleveland-Cliffs during the third quarter worth $346,000. Fifth Third Wealth Advisors LLC grew its stake in shares of Cleveland-Cliffs by 12.8% during the third quarter. Fifth Third Wealth Advisors LLC now owns 13,857 shares of the mining company’s stock worth $153,000 after purchasing an additional 1,567 shares in the last quarter. Finally, Inspire Investing LLC acquired a new position in shares of Cleveland-Cliffs during the third quarter worth $345,000. Institutional investors and hedge funds own 67.68% of the company’s stock.

Insider Activity at Cleveland-Cliffs

In related news, Director Edilson Camara acquired 7,400 shares of the stock in a transaction dated Thursday, October 22nd. The stock was acquired at an average cost of $13.49 per share, with a total value of $99,826.00. Following the completion of the transaction, the director owned 64,717 shares in the company, valued at $873,032.33. This represents a 12.91% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.95% of the company’s stock.

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.