Brokers Set Expectations for CLF FY2026 Earnings

Cleveland-Cliffs Inc. (NYSE:CLF) – Research analysts at KeyCorp issued their FY2026 earnings estimates for shares of Cleveland-Cliffs in a note issued to investors on Tuesday, June 23rd. KeyCorp analyst S. Mckinney forecasts that the mining company will post earnings of ($0.33) per share for the year. KeyCorp has a “Sector Weight” rating on the stock. The consensus estimate for Cleveland-Cliffs’ current full-year earnings is ($0.25) per share.

Cleveland-Cliffs (NYSE:CLF) last posted its quarterly earnings results on Monday, April 20th. The mining company reported ($0.40) earnings per share for the quarter, beating 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 company had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $4.84 billion. During the same quarter in the prior year, the business posted ($0.92) EPS. The firm’s quarterly revenue was up 6.3% on a year-over-year basis.

Several other equities analysts have also weighed in on CLF. Argus raised Cleveland-Cliffs to a “hold” rating in a research note on Monday, April 6th. JPMorgan Chase & Co. upped their target price on shares of Cleveland-Cliffs from $9.00 to $13.00 and gave the company a “neutral” rating in a research note on Wednesday, June 10th. Glj Research upgraded shares of Cleveland-Cliffs from a “sell” rating to a “hold” rating and increased their target price for the stock from $9.03 to $15.01 in a report on Tuesday, June 9th. The Goldman Sachs Group reissued a “neutral” rating and set a $10.00 price target on shares of Cleveland-Cliffs in a research report on Friday, May 1st. Finally, Barclays initiated coverage on shares of Cleveland-Cliffs in a report on Thursday, May 21st. They issued an “underweight” rating and a $9.00 price target for the company. Nine research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $12.90.

Cleveland-Cliffs Stock Up 1.6%

Shares of Cleveland-Cliffs stock opened at $10.74 on Friday. The company has a quick ratio of 0.64, a current ratio of 2.02 and a debt-to-equity ratio of 1.29. Cleveland-Cliffs has a 12 month low of $7.01 and a 12 month high of $16.70. The business has a fifty day simple moving average of $11.52 and a 200 day simple moving average of $11.53. The stock has a market cap of $6.13 billion, a PE ratio of -4.59 and a beta of 2.09.

Insider Buying and Selling at Cleveland-Cliffs

In related news, EVP Celso L. Goncalves, Jr. sold 214,308 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $13.41, for a total value of $2,873,870.28. Following the completion of the transaction, the executive vice president directly owned 184,542 shares in the company, valued at approximately $2,474,708.22. The trade was a 53.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.95% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Los Angeles Capital Management LLC acquired a new position in shares of Cleveland-Cliffs in the fourth quarter valued at approximately $25,000. IFP Advisors Inc raised its holdings in shares of Cleveland-Cliffs by 117.5% during the fourth quarter. IFP Advisors Inc now owns 2,221 shares of the mining company’s stock worth $29,000 after acquiring an additional 1,200 shares during the period. CIBC Private Wealth Group LLC lifted its position in Cleveland-Cliffs by 306.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,461 shares of the mining company’s stock valued at $33,000 after acquiring an additional 1,855 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in Cleveland-Cliffs by 94.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,505 shares of the mining company’s stock valued at $33,000 after acquiring an additional 1,214 shares in the last quarter. Finally, Larson Financial Group LLC boosted its stake in Cleveland-Cliffs by 819.2% in the 3rd quarter. Larson Financial Group LLC now owns 2,684 shares of the mining company’s stock worth $33,000 after purchasing an additional 2,392 shares during the period. Institutional investors 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.