Cleveland-Cliffs (CLF) Projected to Post Quarterly Earnings on Thursday

Cleveland-Cliffs (NYSE:CLF) is projected to announce its Q2 2026 results before the market opens on Thursday, July 23rd. Analysts expect the company to announce earnings of ($0.18) per share and revenue of $5.1751 billion for the quarter. Individuals can find conference call details on the company’s upcoming Q2 2026 earning summary page for the latest details on the call scheduled for Thursday, July 23, 2026 at 8:30 AM ET.

Cleveland-Cliffs (NYSE:CLF) last posted its earnings results on Monday, April 20th. The mining company reported ($0.40) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.04. Cleveland-Cliffs had a negative return on equity of 15.48% and a negative net margin of 6.42%.The business had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $4.84 billion. During the same period in the prior year, the business earned ($0.92) EPS. Cleveland-Cliffs’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, analysts expect Cleveland-Cliffs to post $-0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Cleveland-Cliffs Stock Performance

Shares of CLF opened at $8.98 on Tuesday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.64 and a current ratio of 2.02. Cleveland-Cliffs has a twelve month low of $7.73 and a twelve month high of $16.70. The firm’s 50 day moving average price is $11.32 and its two-hundred day moving average price is $11.10. The firm has a market cap of $5.13 billion, a P/E ratio of -3.84 and a beta of 2.13.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CLF. Barclays initiated coverage on shares of Cleveland-Cliffs in a report on Thursday, May 21st. They set an “underweight” rating and a $9.00 price objective on the stock. Bank of America reduced their target price on shares of Cleveland-Cliffs from $14.00 to $11.50 and set a “neutral” rating for the company in a research note on Thursday, July 9th. The Goldman Sachs Group reiterated a “neutral” rating and set a $10.00 target price on shares of Cleveland-Cliffs in a report on Friday, May 1st. Argus raised Cleveland-Cliffs to a “hold” rating in a research note on Monday, April 6th. Finally, KeyCorp assumed coverage on Cleveland-Cliffs in a report on Wednesday, March 25th. They issued a “sector weight” rating on the stock. Nine investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Cleveland-Cliffs has an average rating of “Reduce” and a consensus target price of $11.50.

Insider Buying and Selling at Cleveland-Cliffs

In other news, EVP Celso L. Goncalves, Jr. sold 214,308 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $13.41, for a total transaction of $2,873,870.28. Following the completion of the transaction, the executive vice president directly owned 184,542 shares of the company’s stock, valued at $2,474,708.22. This trade represents a 53.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.95% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Los Angeles Capital Management LLC acquired a new stake in Cleveland-Cliffs in the 4th quarter valued at $25,000. Larson Financial Group LLC lifted its position in Cleveland-Cliffs by 819.2% during the 3rd quarter. Larson Financial Group LLC now owns 2,684 shares of the mining company’s stock worth $33,000 after buying an additional 2,392 shares in the last quarter. CIBC Private Wealth Group LLC boosted its stake in shares of Cleveland-Cliffs by 306.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,461 shares of the mining company’s stock worth $33,000 after buying an additional 1,855 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of Cleveland-Cliffs by 94.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,505 shares of the mining company’s stock worth $33,000 after buying an additional 1,214 shares during the last quarter. Finally, Johnson Financial Group Inc. boosted its stake in shares of Cleveland-Cliffs by 2,935.8% during the 4th quarter. Johnson Financial Group Inc. now owns 3,309 shares of the mining company’s stock worth $44,000 after buying an additional 3,200 shares during the last quarter. Institutional investors and hedge funds own 67.68% of the company’s stock.

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.