Seaport Res Ptn Has Negative Outlook for CLF Q1 Earnings

Cleveland-Cliffs Inc. (NYSE:CLF - Free Report) - Equities research analysts at Seaport Res Ptn cut their Q1 2025 earnings estimates for Cleveland-Cliffs in a report released on Tuesday, March 11th. Seaport Res Ptn analyst M. Englert now expects that the mining company will post earnings per share of ($0.72) for the quarter, down from their previous forecast of ($0.42). 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 2025 earnings at ($0.02) EPS, Q3 2025 earnings at $0.04 EPS, Q4 2025 earnings at ($0.21) EPS, FY2025 earnings at ($0.91) EPS, Q2 2026 earnings at $0.29 EPS and FY2026 earnings at $1.02 EPS.

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

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

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Cleveland-Cliffs Stock Performance

Shares of NYSE:CLF traded down $0.49 on Friday, hitting $9.66. 19,988,068 shares of the company were exchanged, compared to its average volume of 12,564,957. Cleveland-Cliffs has a 1-year low of $8.50 and a 1-year high of $22.97. The stock's 50 day moving average price is $10.40 and its 200 day moving average price is $11.37. The company has a current ratio of 1.85, a quick ratio of 0.55 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $4.77 billion, a P/E ratio of -9.95 and a beta of 1.94.

Insider Transactions at Cleveland-Cliffs

In other Cleveland-Cliffs news, Director Jane M. Cronin acquired 10,000 shares of the company's 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 purchase, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John T. Baldwin acquired 4,000 shares of the company'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 in the company, valued at $1,159,074.90. This represents a 3.10 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 23,500 shares of company stock valued at $243,095 over the last 90 days. Corporate insiders own 1.76% of the company's stock.

Institutional Trading of Cleveland-Cliffs

Several large investors have recently bought and sold shares of CLF. Prime Capital Investment Advisors LLC purchased a new stake in Cleveland-Cliffs during the 3rd quarter valued at about $263,000. Kovack Advisors Inc. boosted its holdings in Cleveland-Cliffs by 71.2% in the 3rd quarter. Kovack Advisors Inc. now owns 34,140 shares of the mining company's stock valued at $436,000 after purchasing an additional 14,200 shares during the last quarter. Archer Investment Corp boosted its holdings in Cleveland-Cliffs by 25.8% in the 3rd quarter. Archer Investment Corp now owns 7,799 shares of the mining company's stock valued at $100,000 after purchasing an additional 1,600 shares during the last quarter. Strengthening Families & Communities LLC boosted its holdings in Cleveland-Cliffs by 299.8% in the 3rd quarter. Strengthening Families & Communities LLC now owns 1,987 shares of the mining company's stock valued at $25,000 after purchasing an additional 1,490 shares during the last quarter. Finally, Commerce Bank lifted its holdings in shares of Cleveland-Cliffs by 342.8% in the 3rd quarter. Commerce Bank now owns 116,870 shares of the mining company's stock worth $1,492,000 after acquiring an additional 90,477 shares during the last quarter. Hedge funds and other 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.