Q2 2026 EPS Estimates for Cleveland-Cliffs Inc. (NYSE:CLF) Cut by Analyst

Cleveland-Cliffs Inc. (NYSE:CLF) – Equities research analysts at Zacks Research dropped their Q2 2026 earnings per share estimates for Cleveland-Cliffs in a research note issued on Monday, September 23rd. Zacks Research analyst A. Barman now forecasts that the mining company will post earnings of $0.41 per share for the quarter, down from their prior forecast of $0.53. The consensus estimate for Cleveland-Cliffs’ current full-year earnings is ($0.03) per share.

Other equities research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. downgraded shares of Cleveland-Cliffs from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $23.00 to $17.00 in a research note on Tuesday, June 11th. Seaport Res Ptn raised Cleveland-Cliffs from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 27th. Morgan Stanley reduced their price target on Cleveland-Cliffs from $15.00 to $13.50 and set an “equal weight” rating for the company in a report on Wednesday, September 18th. B. Riley restated a “buy” rating and set a $23.00 price objective on shares of Cleveland-Cliffs in a report on Tuesday, June 25th. Finally, Citigroup reduced their target price on Cleveland-Cliffs from $18.00 to $12.50 and set a “neutral” rating for the company in a research note on Tuesday, September 10th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Cleveland-Cliffs currently has a consensus rating of “Hold” and an average price target of $17.56.

Cleveland-Cliffs Trading Up 3.8 %

CLF opened at $12.72 on Wednesday. The firm’s 50 day moving average is $13.06 and its 200-day moving average is $16.31. Cleveland-Cliffs has a 52-week low of $10.21 and a 52-week high of $22.97. The company has a quick ratio of 0.60, a current ratio of 1.87 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $6.05 billion, a P/E ratio of 17.18 and a beta of 1.97.

Cleveland-Cliffs (NYSE:CLF) last announced its earnings results on Monday, July 22nd. The mining company reported $0.11 EPS for the quarter. The business had revenue of $5.09 billion for the quarter, compared to the consensus estimate of $5.18 billion. Cleveland-Cliffs had a return on equity of 4.94% and a net margin of 0.21%. The company’s revenue was down 14.9% on a year-over-year basis. During the same period last year, the business posted $0.69 EPS.

Institutional Trading of Cleveland-Cliffs

A number of institutional investors and hedge funds have recently modified their holdings of CLF. Rise Advisors LLC boosted its holdings in shares of Cleveland-Cliffs by 2,858.0% in the 1st quarter. Rise Advisors LLC now owns 1,479 shares of the mining company’s stock valued at $34,000 after buying an additional 1,429 shares during the period. Altshuler Shaham Ltd acquired a new position in Cleveland-Cliffs in the second quarter valued at approximately $26,000. Hexagon Capital Partners LLC grew its holdings in shares of Cleveland-Cliffs by 41.7% during the first quarter. Hexagon Capital Partners LLC now owns 1,700 shares of the mining company’s stock valued at $39,000 after purchasing an additional 500 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Cleveland-Cliffs by 247.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,885 shares of the mining company’s stock worth $43,000 after purchasing an additional 1,343 shares during the period. Finally, LRI Investments LLC bought a new stake in shares of Cleveland-Cliffs in the 1st quarter worth approximately $45,000. 67.68% of the stock is owned by institutional investors and hedge funds.

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.