FY2026 Earnings Estimate for CLF Issued By KeyCorp

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

Several other analysts have also recently commented on the stock. Glj Research upgraded shares of Cleveland-Cliffs from a "sell" rating to a "buy" rating and set a $14.27 price target on the stock in a research note on Tuesday, January 7th. Morgan Stanley decreased their price target on shares of Cleveland-Cliffs from $13.00 to $11.00 and set an "equal weight" rating on the stock in a research note on Monday, February 3rd. Citigroup decreased their price target on shares of Cleveland-Cliffs from $12.50 to $11.00 and set a "neutral" rating on the stock in a research note on Thursday, December 19th. StockNews.com cut shares of Cleveland-Cliffs from a "hold" rating to a "sell" rating in a research note on Thursday, November 7th. Finally, The Goldman Sachs Group started coverage on shares of Cleveland-Cliffs in a report on Monday, December 2nd. They issued a "buy" rating and a $16.00 target price on the stock. Three analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Cleveland-Cliffs currently has a consensus rating of "Hold" and an average price target of $16.68.

Cleveland-Cliffs Price Performance

CLF stock traded up $0.10 during mid-day trading on Wednesday, hitting $11.49. The company had a trading volume of 14,740,169 shares, compared to its average volume of 11,458,728. The company has a market capitalization of $5.67 billion, a price-to-earnings ratio of -11.84 and a beta of 1.96. Cleveland-Cliffs has a 12-month low of $8.99 and a 12-month high of $22.97. The company has a quick ratio of 0.55, a current ratio of 1.85 and a debt-to-equity ratio of 0.53. The company has a 50-day moving average price of $10.19 and a 200 day moving average price of $11.82.

Hedge Funds Weigh In On Cleveland-Cliffs

Hedge funds have recently added to or reduced their stakes in the company. Strengthening Families & Communities LLC grew its holdings in Cleveland-Cliffs by 299.8% during 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. Pinpoint Asset Management Ltd bought a new position in Cleveland-Cliffs in the 4th quarter worth about $25,000. Darwin Wealth Management LLC bought a new position in Cleveland-Cliffs in the 3rd quarter worth about $34,000. Truvestments Capital LLC bought a new position in Cleveland-Cliffs in the 3rd quarter worth about $34,000. Finally, Blue Trust Inc. grew its stake in 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 in the last quarter. 67.68% of the stock is currently owned by institutional investors.

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.