585,516 Shares in Cleveland-Cliffs Inc. $CLF Bought by Gallagher Fiduciary Advisors LLC

Gallagher Fiduciary Advisors LLC purchased a new stake in Cleveland-Cliffs Inc. (NYSE:CLF) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 585,516 shares of the mining company’s stock, valued at approximately $5,498,000. Cleveland-Cliffs comprises about 0.2% of Gallagher Fiduciary Advisors LLC’s holdings, making the stock its 25th biggest holding.

Other large investors have also bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of Cleveland-Cliffs in the 2nd quarter worth $522,766,000. Vanguard Group Inc. lifted its position in shares of Cleveland-Cliffs by 13.4% during the fourth quarter. Vanguard Group Inc. now owns 54,391,397 shares of the mining company’s stock valued at $722,318,000 after purchasing an additional 6,447,462 shares in the last quarter. State Street Corp boosted its holdings in Cleveland-Cliffs by 14.2% during the fourth quarter. State Street Corp now owns 29,278,156 shares of the mining company’s stock worth $388,814,000 after purchasing an additional 3,632,150 shares during the last quarter. Castle Hook Partners LP boosted its holdings in Cleveland-Cliffs by 572.4% during the fourth quarter. Castle Hook Partners LP now owns 18,083,029 shares of the mining company’s stock worth $240,143,000 after purchasing an additional 15,393,507 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Cleveland-Cliffs by 6.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 15,489,207 shares of the mining company’s stock worth $130,873,000 after purchasing an additional 925,031 shares in the last quarter. 67.68% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on CLF. Barclays increased their price objective on shares of Cleveland-Cliffs from $9.00 to $10.00 and gave the company an “underweight” rating in a research note on Friday, July 24th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $12.50 target price (up from $12.00) on shares of Cleveland-Cliffs in a report on Monday, June 22nd. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $10.00 price target on shares of Cleveland-Cliffs in a research report on Friday, May 1st. Wells Fargo & Company increased their price target on Cleveland-Cliffs from $11.00 to $12.00 and gave the company an “equal weight” rating in a research report on Monday. Finally, Citigroup reissued a “positive” rating on shares of Cleveland-Cliffs in a research report on Friday, July 24th. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Cleveland-Cliffs presently has a consensus rating of “Hold” and an average target price of $11.96.

Insider Transactions at Cleveland-Cliffs

In other Cleveland-Cliffs news, EVP Celso L. Goncalves, Jr. sold 214,308 shares of the business’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $13.41, for a total value of $2,873,870.28. Following the sale, the executive vice president directly owned 184,542 shares in the company, valued at $2,474,708.22. The trade was a 53.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.95% of the stock is owned by corporate insiders.

Cleveland-Cliffs Stock Performance

NYSE CLF opened at $11.53 on Wednesday. The company has a market capitalization of $6.58 billion, a PE ratio of -7.12 and a beta of 2.09. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.63 and a current ratio of 1.89. Cleveland-Cliffs Inc. has a 52-week low of $7.73 and a 52-week high of $16.70. The company has a 50-day simple moving average of $10.93 and a 200 day simple moving average of $10.71.

Cleveland-Cliffs (NYSE:CLF) last released its earnings results on Thursday, July 23rd. The mining company reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.01. Cleveland-Cliffs had a negative net margin of 4.56% and a negative return on equity of 13.37%. The firm had revenue of $5.23 billion during the quarter, compared to the consensus estimate of $5.15 billion. During the same period in the prior year, the firm earned ($0.50) EPS. The company’s revenue was up 5.9% compared to the same quarter last year. On average, research analysts predict that Cleveland-Cliffs Inc. will post -0.11 EPS for the current year.

Cleveland-Cliffs News Summary

Here are the key news stories impacting Cleveland-Cliffs this week:

• Positive Sentiment: Trade tensions support domestic steelmakers: The breakdown in U.S.-Canada trade discussions put steel tariffs back in focus, encouraging investors to favor U.S. producers such as Cleveland-Cliffs. Higher barriers to imported steel could improve domestic pricing and demand, although the policy outlook remains volatile. U.S.-Canada trade talks article
• Positive Sentiment: $1 billion Middletown Works upgrade: Cleveland-Cliffs plans to modernize its Ohio facility, with approximately $500 million, or half the project cost, supported by the U.S. Department of Energy. The investment is expected to improve efficiency and help protect about 2,300 jobs. Its auto-sector exposure could also benefit as automakers increasingly seek domestic steel supplies. DOE support article
• Neutral Sentiment: Wells Fargo raised its price target: The firm increased its target from $11 to $12 while maintaining an “equal weight” rating, signaling modest potential upside but no strong change in its investment view. Benzinga analyst action
• Neutral Sentiment: Capital returns have not solved the valuation problem: A recent review highlighted roughly $2.5 billion in cumulative payouts to shareholders, but CLF’s stock has remained a laggard. This underscores that dividends and buybacks have provided limited support while steel-market performance and balance-sheet concerns remain central. Trefis payout analysis
• Negative Sentiment: Financial risks remain: Cleveland-Cliffs remains unprofitable, more leveraged than some domestic peers and dependent on a cyclical automotive market. Benefits from the Middletown project may take years to materialize, leaving near-term results sensitive to steel prices, demand and execution.

Cleveland-Cliffs Company Profile

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.