Zacks Research Issues Optimistic Outlook for CLF Earnings

Cleveland-Cliffs Inc. (NYSE:CLF) – Zacks Research upped their Q2 2026 EPS estimates for Cleveland-Cliffs in a research note issued on Thursday, March 20th. Zacks Research analyst A. Barman now forecasts that the mining company will post earnings per share of $0.16 for the quarter, up from their previous estimate of $0.14. The consensus estimate for Cleveland-Cliffs’ current full-year earnings is ($0.79) per share. Zacks Research also issued estimates for Cleveland-Cliffs’ Q4 2026 earnings at $0.04 EPS and FY2026 earnings at $0.33 EPS.

Cleveland-Cliffs (NYSE:CLF) last announced its quarterly earnings data on Monday, February 24th. The mining company reported ($0.68) earnings per share for the quarter, missing the consensus estimate of ($0.65) by ($0.03). The firm had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.46 billion. Cleveland-Cliffs had a negative return on equity of 0.59% and a negative net margin of 2.31%.

A number of other equities analysts also recently commented on CLF. Glj Research reduced their price objective on shares of Cleveland-Cliffs from $14.54 to $12.90 and set a “buy” rating for the company in a report on Thursday, February 27th. Morgan Stanley cut their price target on shares of Cleveland-Cliffs from $13.00 to $11.00 and set an “equal weight” rating for the company in a research note on Monday, February 3rd. The Goldman Sachs Group lowered their price objective on Cleveland-Cliffs from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. Citigroup cut their target price 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. Finally, B. Riley reiterated a “buy” rating on shares of Cleveland-Cliffs in a research report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Cleveland-Cliffs currently has a consensus rating of “Hold” and an average target price of $16.43.

Cleveland-Cliffs Stock Down 1.5 %

CLF opened at $9.28 on Monday. The company has a market capitalization of $4.59 billion, a P/E ratio of -9.57 and a beta of 1.94. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.85 and a quick ratio of 0.55. The firm’s fifty day moving average price is $10.36 and its two-hundred day moving average price is $11.27. Cleveland-Cliffs has a fifty-two week low of $8.50 and a fifty-two week high of $22.97.

Institutional Trading of Cleveland-Cliffs

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Pinpoint Asset Management Ltd bought a new stake in shares of Cleveland-Cliffs in the 4th quarter valued at about $25,000. Truvestments Capital LLC acquired a new position in shares of Cleveland-Cliffs during the 3rd quarter worth approximately $34,000. Estabrook Capital Management raised its stake in Cleveland-Cliffs by 207.7% in the 4th quarter. Estabrook Capital Management now owns 4,000 shares of the mining company’s stock valued at $38,000 after acquiring an additional 2,700 shares during the period. Byrne Asset Management LLC lifted its holdings in Cleveland-Cliffs by 130.0% during the 4th quarter. Byrne Asset Management LLC now owns 4,600 shares of the mining company’s stock valued at $43,000 after purchasing an additional 2,600 shares during the last quarter. Finally, Stonebridge Financial Group LLC bought a new position in Cleveland-Cliffs during the fourth quarter worth $44,000. Institutional investors own 67.68% of the company’s stock.

Insider Buying and Selling at Cleveland-Cliffs

In other Cleveland-Cliffs news, EVP Keith Koci acquired 9,500 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The stock was acquired at an average cost of $10.81 per share, for a total transaction of $102,695.00. Following the transaction, the executive vice president now owns 543,475 shares of the company’s stock, valued at $5,874,964.75. This trade represents a 1.78 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jane M. Cronin acquired 10,000 shares of the stock in a transaction dated Friday, February 28th. The shares were bought at an average cost of $10.56 per share, with a total value of $105,600.00. Following the transaction, the director now directly owns 24,522 shares of the company’s stock, valued at $258,952.32. This represents a 68.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 23,500 shares of company stock worth $243,095. Insiders own 1.76% of the company’s stock.

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.