Q3 2025 EPS Estimates for Cleveland-Cliffs Inc. Lowered by Zacks Research (NYSE:CLF)

Cleveland-Cliffs Inc. (NYSE:CLF) – Zacks Research reduced their Q3 2025 earnings per share (EPS) estimates for shares of Cleveland-Cliffs in a research note issued on Monday, May 6th. Zacks Research analyst A. Barman now anticipates that the mining company will post earnings of $0.58 per share for the quarter, down from their previous estimate of $0.60. The consensus estimate for Cleveland-Cliffs’ current full-year earnings is $1.22 per share. Zacks Research also issued estimates for Cleveland-Cliffs’ Q4 2025 earnings at $0.69 EPS and FY2025 earnings at $2.20 EPS.

Several other equities analysts have also issued reports on the company. Morgan Stanley decreased their price objective on Cleveland-Cliffs from $20.00 to $19.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 30th. Wolfe Research reaffirmed an “underperform” rating and set a $18.00 price target on shares of Cleveland-Cliffs in a research report on Tuesday, April 9th. Citigroup downgraded Cleveland-Cliffs from a “buy” rating to a “neutral” rating and set a $22.00 price target for the company. in a research report on Wednesday, March 13th. StockNews.com downgraded Cleveland-Cliffs from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. Finally, JPMorgan Chase & Co. reduced their price target on Cleveland-Cliffs from $24.00 to $23.00 and set an “overweight” rating for the company in a research report on Wednesday, April 24th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $20.42.

Cleveland-Cliffs Price Performance

Shares of CLF opened at $17.24 on Wednesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.59 and a current ratio of 1.90. The stock has a 50 day simple moving average of $20.42 and a 200 day simple moving average of $19.15. Cleveland-Cliffs has a 52-week low of $13.61 and a 52-week high of $22.97. The firm has a market capitalization of $8.20 billion, a PE ratio of 23.30, a P/E/G ratio of 0.83 and a beta of 2.10.

Cleveland-Cliffs (NYSE:CLF) last announced its quarterly earnings results on Monday, April 22nd. The mining company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The company had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.34 billion. Cleveland-Cliffs had a net margin of 1.78% and a return on equity of 8.69%. The business’s revenue was down 1.8% compared to the same quarter last year. During the same period last year, the company earned ($0.11) earnings per share.

Cleveland-Cliffs declared that its board has authorized a stock repurchase program on Monday, April 22nd that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the mining company to reacquire up to 17.2% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity

In other news, CEO Lourenco Goncalves sold 187,136 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $20.19, for a total value of $3,778,275.84. Following the completion of the sale, the chief executive officer now owns 2,699,089 shares of the company’s stock, valued at approximately $54,494,606.91. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Arlene M. Yocum acquired 2,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was bought at an average price of $20.02 per share, with a total value of $40,040.00. Following the acquisition, the director now owns 94,887 shares in the company, valued at approximately $1,899,637.74. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lourenco Goncalves sold 187,136 shares of the stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $20.19, for a total value of $3,778,275.84. Following the completion of the sale, the chief executive officer now owns 2,699,089 shares in the company, valued at approximately $54,494,606.91. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 87,000 shares of company stock valued at $1,470,640 and sold 221,066 shares valued at $4,464,688. 1.76% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Cleveland-Cliffs

A number of large investors have recently added to or reduced their stakes in CLF. Anchor Investment Management LLC bought a new stake in Cleveland-Cliffs in the 4th quarter valued at $31,000. Lindbrook Capital LLC raised its stake in Cleveland-Cliffs by 83.7% in the 4th quarter. Lindbrook Capital LLC now owns 1,571 shares of the mining company’s stock valued at $32,000 after acquiring an additional 716 shares during the period. Rise Advisors LLC raised its stake in Cleveland-Cliffs by 2,858.0% in the 1st quarter. Rise Advisors LLC now owns 1,479 shares of the mining company’s stock valued at $34,000 after acquiring an additional 1,429 shares during the period. HighMark Wealth Management LLC bought a new stake in Cleveland-Cliffs in the 4th quarter valued at $35,000. Finally, Allworth Financial LP raised its stake in Cleveland-Cliffs by 50.3% in the 4th quarter. Allworth Financial LP now owns 1,850 shares of the mining company’s stock valued at $38,000 after acquiring an additional 619 shares during the period. Institutional investors own 67.68% of the company’s stock.

About Cleveland-Cliffs

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.