Q2 EPS Forecast for Cleveland-Cliffs Increased by Analyst

Cleveland-Cliffs Inc. (NYSE:CLF) – Zacks Research increased their Q2 2026 earnings per share estimates for shares of 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 estimate 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.

A number of other equities research analysts have also recently commented on CLF. The Goldman Sachs Group reduced their price target on shares of Cleveland-Cliffs from $17.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Morgan Stanley reduced their target price on 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 dropped their price target 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. B. Riley reissued a “buy” rating on shares of Cleveland-Cliffs in a research note on Tuesday, February 4th. Finally, Citigroup lowered their target price on Cleveland-Cliffs from $12.50 to $11.00 and set a “neutral” rating on the stock in a research report on Thursday, December 19th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $16.43.

Cleveland-Cliffs Stock Performance

Shares of CLF stock opened at $9.41 on Monday. The firm has a 50 day moving average of $10.34 and a 200-day moving average of $11.26. The company has a market cap of $4.65 billion, a price-to-earnings ratio of -9.70 and a beta of 1.94. The company has a quick ratio of 0.55, a current ratio of 1.85 and a debt-to-equity ratio of 0.53. Cleveland-Cliffs has a 52 week low of $8.50 and a 52 week high of $22.97.

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

Insider Activity at Cleveland-Cliffs

In other Cleveland-Cliffs news, Director Jane M. Cronin acquired 10,000 shares of Cleveland-Cliffs stock in a transaction on Friday, February 28th. The stock was purchased at an average price of $10.56 per share, for a total transaction of $105,600.00. Following the purchase, the director now directly owns 24,522 shares of the company’s stock, valued at $258,952.32. This trade represents a 68.86 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John T. Baldwin bought 4,000 shares of the stock in a transaction dated Monday, March 10th. The shares were acquired at an average price of $8.70 per share, for a total transaction of $34,800.00. Following the completion of the purchase, the director now directly owns 133,227 shares in the company, valued at approximately $1,159,074.90. This trade represents a 3.10 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 23,500 shares of company stock valued at $243,095 over the last ninety days. Corporate insiders own 1.76% of the company’s stock.

Hedge Funds Weigh In On Cleveland-Cliffs

Institutional investors have recently added to or reduced their stakes in the stock. Summit Investment Advisors Inc. boosted its stake in Cleveland-Cliffs by 1.0% in the fourth quarter. Summit Investment Advisors Inc. now owns 96,956 shares of the mining company’s stock valued at $911,000 after acquiring an additional 932 shares during the last quarter. AllSquare Wealth Management LLC lifted its stake in Cleveland-Cliffs by 24.4% in the fourth quarter. AllSquare Wealth Management LLC now owns 5,100 shares of the mining company’s stock valued at $48,000 after purchasing an additional 1,000 shares during the last quarter. MRP Capital Investments LLC grew its holdings in Cleveland-Cliffs by 10.0% during the fourth quarter. MRP Capital Investments LLC now owns 11,000 shares of the mining company’s stock valued at $103,000 after purchasing an additional 1,000 shares during the period. Jones Financial Companies Lllp increased its position in Cleveland-Cliffs by 21.3% in the fourth quarter. Jones Financial Companies Lllp now owns 6,723 shares of the mining company’s stock worth $63,000 after buying an additional 1,182 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC raised its stake in shares of Cleveland-Cliffs by 11.0% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 13,270 shares of the mining company’s stock valued at $125,000 after buying an additional 1,313 shares during the period. Institutional investors own 67.68% of the company’s stock.

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.