Research Analysts Set Expectations for CLF Q1 Earnings

Cleveland-Cliffs Inc. (NYSE:CLF) – Equities researchers at Seaport Res Ptn issued their Q1 2026 EPS estimates for Cleveland-Cliffs in a research note issued on Monday, October 20th. Seaport Res Ptn analyst M. Englert anticipates that the mining company will earn $0.13 per share for the quarter. 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 2026 earnings at $0.09 EPS, Q3 2026 earnings at $0.08 EPS and Q4 2026 earnings at ($0.03) EPS.

Several other research firms also recently weighed in on CLF. The Goldman Sachs Group lifted their target price on shares of Cleveland-Cliffs from $12.85 to $14.50 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Glj Research reiterated a “sell” rating and issued a $5.75 target price on shares of Cleveland-Cliffs in a research note on Tuesday. Citigroup lifted their target price on shares of Cleveland-Cliffs from $7.50 to $11.00 and gave the stock a “neutral” rating in a research note on Monday, July 21st. Wells Fargo & Company reiterated an “underweight” rating and issued a $11.00 target price on shares of Cleveland-Cliffs in a research note on Tuesday. Finally, Morgan Stanley lifted their target price on shares of Cleveland-Cliffs from $8.00 to $10.50 and gave the stock an “equal weight” rating in a research note on Tuesday, July 22nd. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $12.36.

Cleveland-Cliffs Price Performance

CLF opened at $13.36 on Wednesday. The company has a market capitalization of $6.61 billion, a price-to-earnings ratio of -3.93 and a beta of 1.96. The company has a quick ratio of 0.61, a current ratio of 2.04 and a debt-to-equity ratio of 1.41. The firm has a 50-day moving average price of $11.85 and a 200-day moving average price of $9.45. Cleveland-Cliffs has a twelve month low of $5.63 and a twelve month high of $16.70.

Cleveland-Cliffs (NYSE:CLF) last posted its quarterly earnings data on Monday, October 20th. The mining company reported ($0.45) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.48) by $0.03. Cleveland-Cliffs had a negative net margin of 9.00% and a negative return on equity of 20.02%. The business had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter last year, the company posted ($0.33) earnings per share. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year.

Institutional Investors Weigh In On Cleveland-Cliffs

Several hedge funds have recently bought and sold shares of the stock. Riverbend Wealth Management LLC bought a new stake in Cleveland-Cliffs during the third quarter valued at approximately $134,000. Silver Oak Securities Incorporated bought a new stake in shares of Cleveland-Cliffs in the 3rd quarter worth approximately $384,000. Golden State Equity Partners lifted its holdings in shares of Cleveland-Cliffs by 195.2% in the 3rd quarter. Golden State Equity Partners now owns 44,875 shares of the mining company’s stock worth $547,000 after acquiring an additional 29,675 shares during the last quarter. JB Capital LLC lifted its holdings in shares of Cleveland-Cliffs by 25.8% in the 3rd quarter. JB Capital LLC now owns 197,945 shares of the mining company’s stock worth $2,415,000 after acquiring an additional 40,556 shares during the last quarter. Finally, MFA Wealth Advisors LLC lifted its holdings in shares of Cleveland-Cliffs by 87.5% in the 3rd quarter. MFA Wealth Advisors LLC now owns 47,533 shares of the mining company’s stock worth $580,000 after acquiring an additional 22,179 shares during the last quarter. 67.68% of the stock is currently owned by institutional investors.

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.