Zacks Research Issues Pessimistic Outlook for CLF Earnings

Cleveland-Cliffs Inc. (NYSE:CLF - Free Report) - Equities researchers at Zacks Research lowered their Q1 2026 EPS estimates for Cleveland-Cliffs in a report issued on Wednesday, February 5th. Zacks Research analyst A. Barman now forecasts that the mining company will earn $0.01 per share for the quarter, down from their prior 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.

A number of other equities analysts also recently commented on CLF. StockNews.com downgraded Cleveland-Cliffs from a "hold" rating to a "sell" rating in a report on Thursday, November 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 objective on the stock. Morgan Stanley dropped their price objective on Cleveland-Cliffs from $13.00 to $11.00 and set an "equal weight" rating on the stock in a report on Monday, February 3rd. Glj Research upgraded Cleveland-Cliffs from a "sell" rating to a "buy" rating and set a $14.27 price objective on the stock in a report on Tuesday, January 7th. Finally, Citigroup dropped their price objective on Cleveland-Cliffs from $12.50 to $11.00 and set a "neutral" rating on the stock in a report on Thursday, December 19th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Cleveland-Cliffs presently has an average rating of "Hold" and an average price target of $16.68.

Cleveland-Cliffs Stock Up 0.9 %

Shares of CLF traded up $0.10 during trading hours on Monday, reaching $11.49. The company's stock had a trading volume of 14,740,169 shares, compared to its average volume of 16,294,358. The company has a 50 day moving average of $10.19 and a two-hundred day moving average of $11.82. Cleveland-Cliffs has a 1-year low of $8.99 and a 1-year high of $22.97. The firm has a market cap of $5.67 billion, a price-to-earnings ratio of -11.84 and a beta of 1.96. The company has a quick ratio of 0.55, a current ratio of 1.85 and a debt-to-equity ratio of 0.53.

Institutional Investors Weigh In On Cleveland-Cliffs

Hedge funds have recently modified their holdings of the business. Strengthening Families & Communities LLC lifted its position in Cleveland-Cliffs by 299.8% in 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 during the period. Pinpoint Asset Management Ltd bought a new position in Cleveland-Cliffs in the fourth quarter worth $25,000. Darwin Wealth Management LLC bought a new position in Cleveland-Cliffs in the third quarter worth $34,000. Truvestments Capital LLC bought a new position in Cleveland-Cliffs in the third quarter worth $34,000. Finally, Blue Trust Inc. lifted its position in Cleveland-Cliffs by 231.9% in the third quarter. Blue Trust Inc. now owns 3,634 shares of the mining company's stock worth $46,000 after purchasing an additional 2,539 shares during the period. 67.68% of the stock is 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.