Q1 EPS Estimate for Cleveland-Cliffs Decreased by Analyst

Cleveland-Cliffs Inc. (NYSE:CLF) – Investment analysts at Seaport Res Ptn cut their Q1 2025 earnings per share (EPS) estimates for shares of Cleveland-Cliffs in a report issued on Wednesday, April 30th. Seaport Res Ptn analyst M. Englert now expects that the mining company will post earnings of ($0.87) per share for the quarter, down from their prior estimate of ($0.72). 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 ($0.31) EPS, Q3 2025 earnings at $0.03 EPS, Q4 2025 earnings at $0.00 EPS, FY2025 earnings at ($1.15) EPS, Q1 2026 earnings at $0.43 EPS, Q2 2026 earnings at $0.44 EPS, Q3 2026 earnings at $0.37 EPS, Q4 2026 earnings at $0.33 EPS and FY2026 earnings at $1.57 EPS.

A number of other analysts have also recently weighed in on CLF. Morgan Stanley dropped their price target on 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. Glj Research cut their target price on Cleveland-Cliffs from $14.54 to $12.90 and set a “buy” rating on the stock in a research note on Thursday, February 27th. B. Riley reiterated a “buy” rating and issued a $17.00 price objective (down from $20.00) on shares of Cleveland-Cliffs in a research report on Wednesday, April 23rd. Finally, The Goldman Sachs Group decreased their target price on shares of Cleveland-Cliffs from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $15.49.

Cleveland-Cliffs Stock Performance

Shares of NYSE CLF opened at $8.87 on Monday. The company has a quick ratio of 0.55, a current ratio of 1.85 and a debt-to-equity ratio of 0.53. The firm’s 50-day moving average price is $8.60 and its two-hundred day moving average price is $10.30. Cleveland-Cliffs has a 52-week low of $6.17 and a 52-week high of $18.10. The stock has a market capitalization of $4.39 billion, a P/E ratio of -9.14 and a beta of 2.03.

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

Insider Activity

In other news, EVP Keith Koci bought 9,500 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were purchased at an average cost of $10.81 per share, with a total value of $102,695.00. Following the completion of the acquisition, the executive vice president now directly owns 543,475 shares in the company, valued at approximately $5,874,964.75. The trade was a 1.78 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jane M. Cronin acquired 10,000 shares of Cleveland-Cliffs stock in a transaction dated Friday, February 28th. The shares were acquired at an average price of $10.56 per share, with a total value of $105,600.00. Following the transaction, the director now owns 24,522 shares in the company, valued at approximately $258,952.32. This represents a 68.86 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 23,500 shares of company stock worth $243,095 over the last three months. Corporate insiders own 1.71% of the company’s stock.

Hedge Funds Weigh In On Cleveland-Cliffs

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Cleveland-Cliffs by 5.5% in the 4th quarter. Vanguard Group Inc. now owns 48,751,789 shares of the mining company’s stock valued at $458,267,000 after purchasing an additional 2,556,332 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Cleveland-Cliffs by 3.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 21,247,426 shares of the mining company’s stock worth $199,724,000 after acquiring an additional 647,282 shares in the last quarter. Slate Path Capital LP raised its holdings in shares of Cleveland-Cliffs by 35.4% during the fourth quarter. Slate Path Capital LP now owns 16,208,000 shares of the mining company’s stock valued at $152,355,000 after acquiring an additional 4,239,000 shares during the period. Geode Capital Management LLC lifted its position in shares of Cleveland-Cliffs by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 8,466,747 shares of the mining company’s stock valued at $79,611,000 after acquiring an additional 264,078 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Cleveland-Cliffs by 20.1% in the 4th quarter. Bank of New York Mellon Corp now owns 7,382,769 shares of the mining company’s stock worth $69,398,000 after purchasing an additional 1,236,247 shares during the period. 67.68% of the stock is currently owned by institutional investors and hedge funds.

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.