Seaport Res Ptn Analysts Lower Earnings Estimates for CLF

Cleveland-Cliffs Inc. (NYSE:CLF) – Investment analysts at Seaport Res Ptn cut their Q1 2025 EPS estimates for shares of Cleveland-Cliffs in a report issued on Tuesday, March 11th. Seaport Res Ptn analyst M. Englert now anticipates that the mining company will post earnings of ($0.72) per share for the quarter, down from their previous estimate of ($0.42). The consensus estimate for Cleveland-Cliffs’ current full-year earnings is ($0.79) per share. Seaport Res Ptn also issued estimates for Cleveland-Cliffs’ Q2 2025 earnings at ($0.02) EPS, Q3 2025 earnings at $0.04 EPS, Q4 2025 earnings at ($0.21) EPS, FY2025 earnings at ($0.91) EPS, Q2 2026 earnings at $0.29 EPS and FY2026 earnings at $1.02 EPS.

Other equities research analysts have also recently issued reports about the stock. B. Riley reaffirmed a “buy” rating on shares of Cleveland-Cliffs in a research report on Tuesday, February 4th. Glj Research cut their price objective on shares of Cleveland-Cliffs from $14.54 to $12.90 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Morgan Stanley cut 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 report on Monday, February 3rd. The Goldman Sachs Group cut their price target on shares of Cleveland-Cliffs from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. Finally, Citigroup cut 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 report on Thursday, December 19th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Cleveland-Cliffs presently has a consensus rating of “Hold” and an average target price of $16.43.

Cleveland-Cliffs Trading Down 0.6 %

CLF opened at $9.74 on Friday. The stock has a market capitalization of $4.81 billion, a P/E ratio of -10.04 and a beta of 1.94. Cleveland-Cliffs has a 12 month low of $8.50 and a 12 month high of $22.97. The firm’s fifty day simple moving average is $10.38 and its 200 day simple moving average is $11.46. The company has a current ratio of 1.85, a quick ratio of 0.55 and a debt-to-equity ratio of 0.53.

Cleveland-Cliffs (NYSE:CLF) last posted its quarterly earnings data on Monday, February 24th. The mining company reported ($0.68) EPS for the quarter, missing the consensus estimate of ($0.65) by ($0.03). The company had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.46 billion. Cleveland-Cliffs had a negative net margin of 2.31% and a negative return on equity of 0.59%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Strengthening Families & Communities LLC grew its stake in Cleveland-Cliffs by 299.8% in the 3rd quarter. Strengthening Families & Communities LLC now owns 1,987 shares of the mining company’s stock valued at $25,000 after buying an additional 1,490 shares during the last quarter. Pinpoint Asset Management Ltd acquired a new position in Cleveland-Cliffs in the 4th quarter valued at about $25,000. Darwin Wealth Management LLC acquired a new position in Cleveland-Cliffs in the 3rd quarter valued at about $34,000. Truvestments Capital LLC acquired a new position in Cleveland-Cliffs in the 3rd quarter valued at about $34,000. Finally, Estabrook Capital Management grew its stake in Cleveland-Cliffs by 207.7% in the 4th quarter. Estabrook Capital Management now owns 4,000 shares of the mining company’s stock valued at $38,000 after buying an additional 2,700 shares during the last quarter. Institutional investors and hedge funds own 67.68% of the company’s stock.

Insider Transactions at Cleveland-Cliffs

In other news, Director John T. Baldwin acquired 4,000 shares of the stock in a transaction dated Monday, March 10th. The shares were bought at an average cost of $8.70 per share, for a total transaction of $34,800.00. Following the purchase, the director now directly owns 133,227 shares of the company’s stock, valued at approximately $1,159,074.90. This trade represents a 3.10 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Keith Koci purchased 9,500 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The stock was bought at an average price of $10.81 per share, for a total transaction of $102,695.00. Following the purchase, the executive vice president now owns 543,475 shares in the company, valued at $5,874,964.75. The trade was a 1.78 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 23,500 shares of company stock worth $243,095 in the last ninety days. Insiders own 1.76% of the company’s stock.

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.