Q2 2026 EPS Estimates for Cleveland-Cliffs Inc. Cut by Zacks Research (NYSE:CLF)

Cleveland-Cliffs Inc. (NYSE:CLF) – Equities research analysts at Zacks Research reduced their Q2 2026 EPS estimates for Cleveland-Cliffs in a research note issued to investors on Monday, September 23rd. Zacks Research analyst A. Barman now anticipates that the mining company will post earnings per share of $0.41 for the quarter, down from their previous estimate of $0.53. The consensus estimate for Cleveland-Cliffs’ current full-year earnings is ($0.03) per share.

Other equities research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. cut shares of Cleveland-Cliffs from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $23.00 to $17.00 in a research note on Tuesday, June 11th. Morgan Stanley lowered their target price on shares of Cleveland-Cliffs from $15.00 to $13.50 and set an “equal weight” rating on the stock in a research note on Wednesday, September 18th. Citigroup cut their price target on Cleveland-Cliffs from $18.00 to $12.50 and set a “neutral” rating for the company in a research note on Tuesday, September 10th. B. Riley restated a “buy” rating and issued a $23.00 price objective on shares of Cleveland-Cliffs in a research report on Tuesday, June 25th. Finally, Seaport Res Ptn upgraded Cleveland-Cliffs from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 27th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $17.56.

Cleveland-Cliffs Stock Up 4.7 %

NYSE CLF opened at $12.43 on Wednesday. The stock’s 50-day moving average price is $13.18 and its 200-day moving average price is $16.37. The company has a market capitalization of $5.82 billion, a P/E ratio of 16.80 and a beta of 1.97. The company has a quick ratio of 0.60, a current ratio of 1.87 and a debt-to-equity ratio of 0.48. Cleveland-Cliffs has a 52 week low of $10.21 and a 52 week high of $22.97.

Cleveland-Cliffs (NYSE:CLF) last announced its earnings results on Monday, July 22nd. The mining company reported $0.11 EPS for the quarter. Cleveland-Cliffs had a return on equity of 4.94% and a net margin of 0.21%. The company had revenue of $5.09 billion for the quarter, compared to analysts’ expectations of $5.18 billion. During the same period last year, the firm earned $0.69 EPS. Cleveland-Cliffs’s revenue for the quarter was down 14.9% compared to the same quarter last year.

Institutional Investors Weigh In On Cleveland-Cliffs

Hedge funds have recently made changes to their positions in the company. Corient Private Wealth LLC bought a new stake in Cleveland-Cliffs in the 4th quarter worth approximately $697,000. Quest Partners LLC bought a new stake in Cleveland-Cliffs in the fourth quarter worth $71,000. Cambridge Investment Research Advisors Inc. raised its stake in Cleveland-Cliffs by 28.5% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 305,173 shares of the mining company’s stock valued at $6,232,000 after purchasing an additional 67,747 shares in the last quarter. United Services Automobile Association lifted its position in Cleveland-Cliffs by 14.4% during the fourth quarter. United Services Automobile Association now owns 41,111 shares of the mining company’s stock valued at $839,000 after purchasing an additional 5,177 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. purchased a new position in shares of Cleveland-Cliffs in the 4th quarter worth $10,210,000. 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.