Cleveland-Cliffs Inc. (NYSE:CLF - Free Report) - Zacks Research dropped their Q1 2026 earnings estimates for shares of Cleveland-Cliffs in a report released on Wednesday, February 5th. Zacks Research analyst A. Barman now expects that the mining company will post earnings of $0.01 per share for the quarter, down from their previous estimate of $0.10. The consensus estimate for Cleveland-Cliffs' current full-year earnings is ($0.70) per share. Zacks Research also issued estimates for Cleveland-Cliffs' Q2 2026 earnings at $0.12 EPS, Q3 2026 earnings at $0.19 EPS, Q4 2026 earnings at $0.13 EPS and FY2026 earnings at $0.45 EPS.
Several other analysts have also recently weighed in on CLF. Glj Research upgraded shares of Cleveland-Cliffs from a "sell" rating to a "buy" rating and set a $14.27 price objective for the company in a research note on Tuesday, January 7th. Morgan Stanley dropped their price objective on shares of 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. Citigroup dropped their price objective on shares of Cleveland-Cliffs from $12.50 to $11.00 and set a "neutral" rating for the company in a research note on Thursday, December 19th. The Goldman Sachs Group started coverage on shares of Cleveland-Cliffs in a research note on Monday, December 2nd. They issued a "buy" rating and a $16.00 price objective for the company. Finally, StockNews.com cut shares of Cleveland-Cliffs from a "hold" rating to a "sell" rating in a research report on Thursday, November 7th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Cleveland-Cliffs currently has an average rating of "Hold" and an average target price of $16.68.
View Our Latest Research Report on CLF
Cleveland-Cliffs Stock Performance
Shares of CLF stock traded up $0.84 during midday trading on Monday, hitting $11.40. 23,180,198 shares of the company were exchanged, compared to its average volume of 16,347,377. 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. The firm's 50 day moving average price is $10.20 and its two-hundred day moving average price is $11.85. The firm has a market capitalization of $5.63 billion, a P/E ratio of -11.75 and a beta of 1.96.
Institutional Investors Weigh In On Cleveland-Cliffs
Several hedge funds and other institutional investors have recently made changes to their positions in CLF. Carnegie Investment Counsel grew its holdings in shares of Cleveland-Cliffs by 12.4% during the 3rd quarter. Carnegie Investment Counsel now owns 101,267 shares of the mining company's stock valued at $1,293,000 after purchasing an additional 11,210 shares during the last quarter. Douglas Lane & Associates LLC grew its holdings in Cleveland-Cliffs by 11.5% during the 3rd quarter. Douglas Lane & Associates LLC now owns 2,795,416 shares of the mining company's stock worth $35,697,000 after acquiring an additional 288,306 shares during the last quarter. Creative Planning grew its holdings in Cleveland-Cliffs by 2.6% during the 3rd quarter. Creative Planning now owns 121,908 shares of the mining company's stock worth $1,557,000 after acquiring an additional 3,147 shares during the last quarter. NBC Securities Inc. grew its holdings in Cleveland-Cliffs by 62.8% during the 3rd quarter. NBC Securities Inc. now owns 58,118 shares of the mining company's stock worth $742,000 after acquiring an additional 22,423 shares during the last quarter. Finally, Vontobel Holding Ltd. grew its holdings in Cleveland-Cliffs by 103.3% during the 3rd quarter. Vontobel Holding Ltd. now owns 24,892 shares of the mining company's stock worth $318,000 after acquiring an additional 12,649 shares during the last quarter. 67.68% of the stock is owned by institutional investors.
Cleveland-Cliffs Company Profile
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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.
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