Zacks Research Expects Higher Earnings for Cleveland-Cliffs

Cleveland-Cliffs Inc. (NYSE:CLF) – Stock analysts at Zacks Research boosted their Q2 2026 EPS estimates for Cleveland-Cliffs in a research report issued on Thursday, March 20th. Zacks Research analyst A. Barman now forecasts that the mining company will post earnings per share of $0.16 for the quarter, up from their previous forecast of $0.14. The consensus estimate for Cleveland-Cliffs’ current full-year earnings is ($0.79) per share. Zacks Research also issued estimates for Cleveland-Cliffs’ Q4 2026 earnings at $0.04 EPS and FY2026 earnings at $0.33 EPS.

CLF has been the subject of a number of other research reports. Citigroup decreased their price target on Cleveland-Cliffs from $12.50 to $11.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. B. Riley restated a “buy” rating on shares of Cleveland-Cliffs in a research report on Tuesday, February 4th. Glj Research lowered their price objective on shares of Cleveland-Cliffs from $14.54 to $12.90 and set a “buy” rating on the stock in a research report on Thursday, February 27th. The Goldman Sachs Group reduced their target price on Cleveland-Cliffs from $17.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Finally, Morgan Stanley lowered their price target on Cleveland-Cliffs from $13.00 to $11.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. Two analysts have rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $16.43.

Cleveland-Cliffs Price Performance

Shares of NYSE:CLF opened at $9.28 on Monday. The company has a market capitalization of $4.59 billion, a PE ratio of -9.57 and a beta of 1.94. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.55 and a current ratio of 1.85. The stock has a fifty day moving average of $10.36 and a 200-day moving average of $11.27. Cleveland-Cliffs has a one year low of $8.50 and a one year high of $22.97.

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

Insider Activity at Cleveland-Cliffs

In related news, Director John T. Baldwin acquired 4,000 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were acquired at an average cost of $8.70 per share, with a total value of $34,800.00. Following the purchase, the director now owns 133,227 shares of the company’s stock, valued at approximately $1,159,074.90. The trade was a 3.10 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jane M. Cronin bought 10,000 shares of Cleveland-Cliffs stock in a transaction that occurred on Friday, February 28th. The stock was bought at an average price of $10.56 per share, with a total value of $105,600.00. Following the completion of the acquisition, the director now owns 24,522 shares in the company, 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. Over the last quarter, insiders have acquired 23,500 shares of company stock valued at $243,095. 1.76% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Cleveland-Cliffs

A number of institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp raised its holdings in Cleveland-Cliffs by 20.1% in the 4th quarter. Bank of New York Mellon Corp now owns 7,382,769 shares of the mining company’s stock worth $69,398,000 after acquiring an additional 1,236,247 shares during the period. Franklin Resources Inc. lifted its position in shares of Cleveland-Cliffs by 105.6% during the 3rd quarter. Franklin Resources Inc. now owns 262,771 shares of the mining company’s stock worth $3,429,000 after purchasing an additional 134,939 shares during the last quarter. Stonegate Investment Group LLC bought a new stake in Cleveland-Cliffs during the 4th quarter valued at approximately $18,999,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Cleveland-Cliffs in the 4th quarter valued at approximately $4,432,000. Finally, Janus Henderson Group PLC increased its position in Cleveland-Cliffs by 987.0% in the 3rd quarter. Janus Henderson Group PLC now owns 207,000 shares of the mining company’s stock worth $2,644,000 after buying an additional 187,957 shares during the period. Institutional investors own 67.68% of the company’s stock.

About Cleveland-Cliffs

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.