Seaport Res Ptn Expects Weaker Earnings for Cleveland-Cliffs

Cleveland-Cliffs Inc. (NYSE:CLF) – Analysts at Seaport Res Ptn cut their Q1 2025 earnings estimates for shares of Cleveland-Cliffs in a research report issued on Tuesday, March 11th. Seaport Res Ptn analyst M. Englert now expects that the mining company will post earnings of ($0.72) per share for the quarter, down from their prior forecast of ($0.42). The consensus estimate for Cleveland-Cliffs’ current full-year earnings is ($0.79) per share. Seaport Res Ptn also issued estimates for Cleveland-Cliffs’ Q2 2025 earnings at ($0.02) EPS, Q3 2025 earnings at $0.04 EPS, Q4 2025 earnings at ($0.21) EPS, FY2025 earnings at ($0.91) EPS, Q2 2026 earnings at $0.29 EPS and FY2026 earnings at $1.02 EPS.

A number of other research firms have also commented on CLF. The Goldman Sachs Group reduced their price objective on shares of Cleveland-Cliffs from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. Morgan Stanley dropped their target price on shares of Cleveland-Cliffs from $13.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. B. Riley reiterated a “buy” rating on shares of Cleveland-Cliffs in a research report on Tuesday, February 4th. Citigroup dropped their target price on shares of Cleveland-Cliffs from $12.50 to $11.00 and set a “neutral” rating on the stock in a research report on Thursday, December 19th. Finally, Glj Research lowered their price objective on shares of Cleveland-Cliffs from $14.54 to $12.90 and set a “buy” rating on the stock in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $16.43.

Cleveland-Cliffs Trading Up 7.1 %

NYSE:CLF opened at $10.42 on Friday. The firm’s fifty day moving average is $10.40 and its 200-day moving average is $11.41. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.55 and a current ratio of 1.85. Cleveland-Cliffs has a 52 week low of $8.50 and a 52 week high of $22.97. The firm has a market cap of $5.15 billion, a P/E ratio of -10.74 and a beta of 1.94.

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

Hedge Funds Weigh In On Cleveland-Cliffs

Institutional investors have recently added to or reduced their stakes in the stock. Strengthening Families & Communities LLC grew its position in Cleveland-Cliffs by 299.8% during the third quarter. Strengthening Families & Communities LLC now owns 1,987 shares of the mining company’s stock valued at $25,000 after buying an additional 1,490 shares during the period. Pinpoint Asset Management Ltd bought a new position in Cleveland-Cliffs during the fourth quarter worth about $25,000. Darwin Wealth Management LLC bought a new position in Cleveland-Cliffs during the third quarter worth about $34,000. Truvestments Capital LLC bought a new position in Cleveland-Cliffs during the third quarter worth about $34,000. Finally, Estabrook Capital Management boosted its position in Cleveland-Cliffs by 207.7% during the fourth quarter. Estabrook Capital Management now owns 4,000 shares of the mining company’s stock worth $38,000 after purchasing an additional 2,700 shares during the period. Institutional investors own 67.68% of the company’s stock.

Insider Transactions at Cleveland-Cliffs

In other news, Director John T. Baldwin bought 4,000 shares of Cleveland-Cliffs stock in a transaction dated Monday, March 10th. The stock was purchased at an average price of $8.70 per share, for a total transaction of $34,800.00. Following the purchase, the director now directly owns 133,227 shares in the company, valued at $1,159,074.90. The trade was a 3.10 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jane M. Cronin bought 10,000 shares of Cleveland-Cliffs stock in a transaction dated Friday, February 28th. The stock was purchased at an average price of $10.56 per share, with a total value of $105,600.00. Following the purchase, the director now owns 24,522 shares in the company, valued at approximately $258,952.32. This represents a 68.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 23,500 shares of company stock worth $243,095 in the last quarter. 1.76% of the stock is currently owned by corporate insiders.

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.