Analysts Set Expectations for CLF Q1 Earnings

Cleveland-Cliffs Inc. (NYSE:CLF) – Equities researchers at Seaport Res Ptn issued their Q1 2026 earnings per share (EPS) estimates for Cleveland-Cliffs in a note issued to investors on Monday, October 20th. Seaport Res Ptn analyst M. Englert forecasts that the mining company will earn $0.13 per share for the quarter. 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 2026 earnings at $0.09 EPS, Q3 2026 earnings at $0.08 EPS and Q4 2026 earnings at ($0.03) EPS.

Cleveland-Cliffs (NYSE:CLF) last released its quarterly earnings data on Monday, October 20th. The mining company reported ($0.45) EPS for the quarter, beating analysts’ consensus estimates of ($0.48) by $0.03. Cleveland-Cliffs had a negative return on equity of 20.02% and a negative net margin of 9.00%.The firm had revenue of $4.73 billion for the quarter, compared to analysts’ expectations of $4.90 billion. During the same period in the prior year, the firm posted ($0.33) earnings per share. The firm’s quarterly revenue was up 3.6% on a year-over-year basis.

Other analysts have also issued research reports about the company. Weiss Ratings reissued a “sell (d)” rating on shares of Cleveland-Cliffs in a research report on Wednesday, October 8th. KeyCorp raised Cleveland-Cliffs from a “sector weight” rating to an “overweight” rating and set a $14.00 target price on the stock in a report on Tuesday, July 22nd. Bank of America upped their price objective on shares of Cleveland-Cliffs from $12.50 to $14.50 and gave the company a “neutral” rating in a research note on Tuesday. The Goldman Sachs Group upped their price objective on shares of Cleveland-Cliffs from $12.85 to $14.50 and gave the company a “buy” rating in a research note on Thursday, October 9th. Finally, Wells Fargo & Company restated an “underweight” rating and issued a $11.00 price objective on shares of Cleveland-Cliffs in a research note on Tuesday. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $12.36.

Cleveland-Cliffs Stock Down 2.9%

Shares of NYSE CLF opened at $13.00 on Wednesday. The firm has a market cap of $6.43 billion, a price-to-earnings ratio of -3.82 and a beta of 1.96. The company has a quick ratio of 0.61, a current ratio of 2.04 and a debt-to-equity ratio of 1.41. Cleveland-Cliffs has a 52-week low of $5.63 and a 52-week high of $16.70. The business’s 50 day moving average is $11.89 and its two-hundred day moving average is $9.48.

Institutional Trading of Cleveland-Cliffs

Several hedge funds and other institutional investors have recently bought and sold shares of CLF. GAMMA Investing LLC raised its holdings in shares of Cleveland-Cliffs by 61.6% during the first quarter. GAMMA Investing LLC now owns 8,615 shares of the mining company’s stock valued at $71,000 after acquiring an additional 3,285 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Cleveland-Cliffs by 19.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 188,885 shares of the mining company’s stock worth $1,553,000 after purchasing an additional 31,083 shares during the period. Exchange Traded Concepts LLC grew its stake in Cleveland-Cliffs by 1,293.8% in the first quarter. Exchange Traded Concepts LLC now owns 9,255 shares of the mining company’s stock worth $76,000 after purchasing an additional 8,591 shares during the period. Janney Montgomery Scott LLC grew its stake in Cleveland-Cliffs by 34.9% in the first quarter. Janney Montgomery Scott LLC now owns 186,950 shares of the mining company’s stock worth $1,537,000 after purchasing an additional 48,397 shares during the period. Finally, State of Alaska Department of Revenue grew its stake in Cleveland-Cliffs by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 56,665 shares of the mining company’s stock worth $465,000 after purchasing an additional 1,475 shares during the period. Institutional investors own 67.68% 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.