FY2026 Earnings Estimate for CLF Issued By KeyCorp

Cleveland-Cliffs Inc. (NYSE:CLF - Free Report) - Investment analysts at KeyCorp issued their FY2026 earnings per share (EPS) estimates for Cleveland-Cliffs in a report issued on Monday, February 10th. KeyCorp analyst P. Gibbs anticipates that the mining company will earn $0.27 per share for the year. The consensus estimate for Cleveland-Cliffs' current full-year earnings is ($0.70) per share.

Other equities research analysts have also issued research reports about the company. Citigroup dropped 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. Glj Research upgraded Cleveland-Cliffs from a "sell" rating to a "buy" rating and set a $14.27 target price on the stock in a research report on Tuesday, January 7th. The Goldman Sachs Group began coverage on Cleveland-Cliffs in a report on Monday, December 2nd. They issued a "buy" rating and a $16.00 price target for the company. StockNews.com downgraded Cleveland-Cliffs from a "hold" rating to a "sell" rating in a report on Thursday, November 7th. Finally, Morgan Stanley decreased their price target on Cleveland-Cliffs from $13.00 to $11.00 and set an "equal weight" rating for the company in a report on Monday, February 3rd. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $16.68.

Cleveland-Cliffs Stock Performance

NYSE CLF traded up $0.10 during trading hours on Wednesday, reaching $11.49. The stock had a trading volume of 14,740,169 shares, compared to its average volume of 11,458,728. The stock has a fifty day moving average of $10.19 and a 200 day moving average of $11.78. The stock has a market cap of $5.67 billion, a P/E ratio of -11.84 and a beta of 1.96. Cleveland-Cliffs has a 52-week low of $8.99 and a 52-week high of $22.97. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.55 and a current ratio of 1.85.

Institutional Trading of Cleveland-Cliffs

Large investors have recently made changes to their positions in the company. Strengthening Families & Communities LLC increased its position in shares of Cleveland-Cliffs by 299.8% during the third quarter. Strengthening Families & Communities LLC now owns 1,987 shares of the mining company's stock worth $25,000 after purchasing an additional 1,490 shares in the last quarter. Pinpoint Asset Management Ltd acquired a new stake in shares of Cleveland-Cliffs in the 4th quarter worth $25,000. Darwin Wealth Management LLC acquired a new stake in shares of Cleveland-Cliffs in the 3rd quarter worth $34,000. Truvestments Capital LLC acquired a new stake in shares of Cleveland-Cliffs in the 3rd quarter worth $34,000. Finally, Blue Trust Inc. increased its stake in shares of Cleveland-Cliffs by 231.9% in the 3rd quarter. Blue Trust Inc. now owns 3,634 shares of the mining company's stock worth $46,000 after acquiring an additional 2,539 shares during the last quarter. 67.68% of the stock is currently owned by hedge funds and other 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.