What is Seaport Res Ptn’s Forecast for CLF Q1 Earnings?

Cleveland-Cliffs Inc. (NYSE:CLF) – Research analysts at Seaport Res Ptn decreased their Q1 2025 earnings per share estimates for shares of Cleveland-Cliffs in a report issued on Wednesday, April 30th. Seaport Res Ptn analyst M. Englert now forecasts that the mining company will post earnings per share of ($0.87) for the quarter, down from their previous forecast 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.

Cleveland-Cliffs (NYSE:CLF) last announced its quarterly earnings data on Monday, February 24th. The mining company reported ($0.68) EPS for the quarter, missing the consensus estimate of ($0.65) by ($0.03). The company had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.46 billion. Cleveland-Cliffs had a negative return on equity of 0.59% and a negative net margin of 2.31%.

A number of other equities analysts have also weighed in on the stock. The Goldman Sachs Group cut 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. Morgan Stanley reduced their price objective on shares of Cleveland-Cliffs from $13.00 to $11.00 and set an “equal weight” rating for the company in a research note on Monday, February 3rd. Glj Research decreased their price objective 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. Finally, B. Riley restated 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $15.49.

Cleveland-Cliffs Price Performance

Shares of NYSE CLF opened at $8.62 on Monday. The firm has a market cap of $4.26 billion, a price-to-earnings ratio of -8.88 and a beta of 2.03. The stock has a fifty day simple moving average of $8.52 and a two-hundred day simple moving average of $10.25. The company has a current ratio of 1.85, a quick ratio of 0.55 and a debt-to-equity ratio of 0.53. Cleveland-Cliffs has a 1-year low of $6.17 and a 1-year high of $18.10.

Insiders Place Their Bets

In other Cleveland-Cliffs news, EVP Keith Koci purchased 9,500 shares of the stock in a transaction on Friday, February 28th. The stock was acquired at an average cost of $10.81 per share, with a total value of $102,695.00. Following the completion of the purchase, the executive vice president now directly owns 543,475 shares of the company’s stock, valued at approximately $5,874,964.75. This trade represents a 1.78 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jane M. Cronin acquired 10,000 shares of Cleveland-Cliffs stock in a transaction dated Friday, February 28th. The shares were bought at an average cost of $10.56 per share, for a total transaction of $105,600.00. Following the completion of the purchase, the director now directly owns 24,522 shares of the company’s stock, valued at approximately $258,952.32. The trade was a 68.86 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 23,500 shares of company stock valued at $243,095 over the last 90 days. Insiders own 1.71% of the company’s stock.

Institutional Investors Weigh In On Cleveland-Cliffs

Institutional investors have recently bought and sold shares of the stock. Cetera Investment Advisers grew its holdings in shares of Cleveland-Cliffs by 27.2% in the first quarter. Cetera Investment Advisers now owns 237,428 shares of the mining company’s stock worth $1,952,000 after purchasing an additional 50,716 shares during the last quarter. Avantax Advisory Services Inc. boosted its position in Cleveland-Cliffs by 36.2% during the 1st quarter. Avantax Advisory Services Inc. now owns 24,304 shares of the mining company’s stock valued at $200,000 after buying an additional 6,456 shares during the period. Journey Strategic Wealth LLC bought a new stake in Cleveland-Cliffs in the 1st quarter worth $99,000. SFE Investment Counsel increased its position in shares of Cleveland-Cliffs by 26.0% in the first quarter. SFE Investment Counsel now owns 1,053,677 shares of the mining company’s stock valued at $8,661,000 after acquiring an additional 217,423 shares during the period. Finally, Carnegie Investment Counsel raised its stake in shares of Cleveland-Cliffs by 20.2% during the first quarter. Carnegie Investment Counsel now owns 105,367 shares of the mining company’s stock valued at $866,000 after acquiring an additional 17,700 shares during the last quarter. 67.68% of the stock is currently owned by hedge funds and other institutional investors.

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.