What is KeyCorp’s Estimate for CLF FY2025 Earnings?

Cleveland-Cliffs Inc. (NYSE:CLF) – Research analysts at KeyCorp issued their FY2025 earnings estimates for shares of Cleveland-Cliffs in a research report issued on Tuesday, January 6th. KeyCorp analyst P. Gibbs anticipates that the mining company will post earnings of ($2.41) per share for the year. KeyCorp currently has a “Sector Weight” rating on the stock. The consensus estimate for Cleveland-Cliffs’ current full-year earnings is ($0.79) per share. KeyCorp also issued estimates for Cleveland-Cliffs’ FY2026 earnings at ($0.35) EPS.

Cleveland-Cliffs (NYSE:CLF) last posted its quarterly earnings results on Monday, October 20th. The mining company reported ($0.45) EPS for the quarter, topping 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 business had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same period last year, the firm earned ($0.33) earnings per share. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year.

CLF has been the topic of a number of other reports. JPMorgan Chase & Co. raised their price target on shares of Cleveland-Cliffs from $10.00 to $13.00 and gave the stock a “neutral” rating in a research report on Monday, October 13th. UBS Group set a $15.00 target price on Cleveland-Cliffs in a research note on Monday, October 27th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cleveland-Cliffs in a research report on Thursday, October 30th. Glj Research reissued a “sell” rating and issued a $5.75 price target on shares of Cleveland-Cliffs in a report on Tuesday, October 21st. Finally, Citigroup dropped their target price on Cleveland-Cliffs from $12.00 to $11.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 11th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $13.43.

Cleveland-Cliffs Price Performance

Shares of CLF opened at $12.76 on Friday. Cleveland-Cliffs has a 52 week low of $5.63 and a 52 week high of $16.70. The company has a current ratio of 2.04, a quick ratio of 0.61 and a debt-to-equity ratio of 1.41. The firm has a market cap of $6.31 billion, a price-to-earnings ratio of -3.75 and a beta of 1.91. The stock has a 50 day moving average of $12.33 and a 200-day moving average of $11.49.

Institutional Investors Weigh In On Cleveland-Cliffs

A number of institutional investors have recently added to or reduced their stakes in CLF. Strengthening Families & Communities LLC increased its position in shares of Cleveland-Cliffs by 4,315.6% during the 3rd quarter. Strengthening Families & Communities LLC now owns 1,987 shares of the mining company’s stock valued at $25,000 after purchasing an additional 1,942 shares during the period. Atwood & Palmer Inc. bought a new stake in Cleveland-Cliffs during the second quarter worth approximately $27,000. Trust Co. of Toledo NA OH acquired a new position in Cleveland-Cliffs in the second quarter worth approximately $27,000. Winch Advisory Services LLC grew its position in Cleveland-Cliffs by 131.3% in the second quarter. Winch Advisory Services LLC now owns 4,070 shares of the mining company’s stock worth $31,000 after buying an additional 2,310 shares during the last quarter. Finally, Larson Financial Group LLC increased its holdings in shares of Cleveland-Cliffs by 819.2% in the third quarter. Larson Financial Group LLC now owns 2,684 shares of the mining company’s stock valued at $33,000 after buying an additional 2,392 shares in the last quarter. 67.68% of the stock is currently owned by institutional investors and hedge funds.

About Cleveland-Cliffs

Cleveland-Cliffs Inc is a leading North American producer of iron ore pellets and flat-rolled steel products. Tracing its roots to 1847, the company has evolved from an iron-ore mining concern in the Great Lakes region into a fully integrated steelmaker. Today, Cleveland-Cliffs operates iron ore mining complexes in Michigan and Minnesota as well as steelmaking and finishing facilities across the United States.

The company’s integrated platform begins with direct control of key raw materials, including iron ore and scrap, and extends through every stage of steel production.