Equities Analysts Set Expectations for CLF FY2025 Earnings

Cleveland-Cliffs Inc. (NYSE:CLF) – Research analysts at KeyCorp issued their FY2025 earnings per share (EPS) estimates for shares of Cleveland-Cliffs in a research report issued to clients and investors on Tuesday, January 21st. KeyCorp analyst P. Gibbs anticipates that the mining company will post earnings per share of ($0.60) for the year. The consensus estimate for Cleveland-Cliffs’ current full-year earnings is ($0.67) per share.

Cleveland-Cliffs (NYSE:CLF) last released its earnings results on Monday, November 4th. The mining company reported ($0.33) earnings per share for the quarter, missing the consensus estimate of ($0.31) by ($0.02). Cleveland-Cliffs had a negative return on equity of 0.59% and a negative net margin of 2.31%. The firm had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.72 billion. During the same period last year, the business earned $0.54 earnings per share. The business’s revenue was down 18.5% on a year-over-year basis.

Several other analysts have also recently commented on the company. The Goldman Sachs Group assumed coverage on Cleveland-Cliffs in a research report on Monday, December 2nd. They issued a “buy” rating and a $16.00 target price for the company. Citigroup decreased their price objective on Cleveland-Cliffs from $12.50 to $11.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. StockNews.com downgraded Cleveland-Cliffs from a “hold” rating to a “sell” rating in a report on Thursday, November 7th. Finally, Glj Research raised shares of Cleveland-Cliffs from a “sell” rating to a “buy” rating and set a $14.27 price objective on the stock in a research report on Tuesday, January 7th. Three research analysts have rated the stock with a sell rating, five have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $16.93.

Cleveland-Cliffs Trading Up 2.4 %

Cleveland-Cliffs stock opened at $9.96 on Thursday. Cleveland-Cliffs has a 52 week low of $8.99 and a 52 week high of $22.97. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.55 and a current ratio of 1.85. The firm has a market capitalization of $4.92 billion, a price-to-earnings ratio of -10.26 and a beta of 1.97. The company has a 50 day moving average price of $10.67 and a 200 day moving average price of $12.38.

Institutional Investors Weigh In On Cleveland-Cliffs

A number of large investors have recently bought and sold shares of the business. Franklin Resources Inc. grew its holdings in Cleveland-Cliffs by 105.6% during the third quarter. Franklin Resources Inc. now owns 262,771 shares of the mining company’s stock valued at $3,429,000 after purchasing an additional 134,939 shares during the last quarter. Twelve Points Wealth Management LLC grew its stake in Cleveland-Cliffs by 58.5% in the 3rd quarter. Twelve Points Wealth Management LLC now owns 133,717 shares of the mining company’s stock valued at $1,708,000 after buying an additional 49,359 shares during the last quarter. Janus Henderson Group PLC raised its holdings in Cleveland-Cliffs by 987.0% in the 3rd quarter. Janus Henderson Group PLC now owns 207,000 shares of the mining company’s stock worth $2,644,000 after acquiring an additional 187,957 shares during the period. Rockefeller Capital Management L.P. acquired a new position in Cleveland-Cliffs during the 3rd quarter worth $22,122,000. Finally, First Dallas Securities Inc. boosted its holdings in Cleveland-Cliffs by 27.9% during the third quarter. First Dallas Securities Inc. now owns 206,750 shares of the mining company’s stock valued at $2,640,000 after acquiring an additional 45,150 shares during the period. 67.68% of the stock is currently owned by institutional investors.

Cleveland-Cliffs Company Profile

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.