Cleveland-Cliffs (NYSE:CLF) Posts Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Cleveland-Cliffs (NYSE:CLF) released its quarterly earnings results on Monday. The mining company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.07, FiscalAI reports. The company had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.69 billion. Cleveland-Cliffs had a negative return on equity of 13.37% and a negative net margin of 4.56%. During the same quarter in the prior year, the company posted ($0.51) EPS.

Cleveland-Cliffs Stock Performance

Shares of NYSE CLF opened at $12.11 on Monday. The firm has a market capitalization of $6.91 billion, a price-to-earnings ratio of -7.47, a PEG ratio of 5.73 and a beta of 2.09. Cleveland-Cliffs has a one year low of $7.73 and a one year high of $16.70. The business has a fifty day simple moving average of $12.01 and a 200 day simple moving average of $11.25. The company has a current ratio of 1.89, a quick ratio of 0.63 and a debt-to-equity ratio of 1.32.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CLF shares. Citigroup reissued a “positive” rating on shares of Cleveland-Cliffs in a research note on Friday, July 24th. Barclays restated an “underweight” rating and set a $11.00 price target on shares of Cleveland-Cliffs in a report on Monday. Morgan Stanley reaffirmed an “equal weight” rating and issued a $12.50 price target (up from $12.00) on shares of Cleveland-Cliffs in a research report on Monday, June 22nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cleveland-Cliffs in a research note on Tuesday, July 21st. Finally, Glj Research lifted their price objective on Cleveland-Cliffs from $15.60 to $17.48 and gave the stock a “buy” rating in a research note on Monday, September 21st. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Cleveland-Cliffs presently has a consensus rating of “Hold” and an average price target of $12.45.

Trending Headlines about Cleveland-Cliffs

Here are the key news stories impacting Cleveland-Cliffs this week:

• Positive Sentiment: Cleveland-Cliffs swung to a third-quarter GAAP profit, reporting net income of approximately $165 million, or $0.26 per diluted share, compared with a loss in the prior-year period. Cleveland-Cliffs Reports Third-Quarter 2026 Results
• Positive Sentiment: Adjusted EBITDA reached $612 million on $5.6 billion of revenue, exceeding analysts’ EBITDA expectations of roughly $601 million. The company also shipped 4.2 million net tons of steel. Cleveland-Cliffs Expects 2027 Will Be a Very Good Year With Help From Tariffs
• Positive Sentiment: Higher steel prices, increased sales volumes and stronger revenue helped drive the quarterly improvement. Reported adjusted earnings and revenue also surpassed consensus estimates, with earnings producing a 16.67% positive surprise. Cleveland-Cliffs Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: Management indicated that 2027 could be a particularly strong year, with U.S. tariffs expected to support domestic steel pricing and demand. This outlook contributed to the sharp advance in CLF shares. Cleveland-Cliffs 2027 Outlook
• Neutral Sentiment: Wells Fargo raised its price target for Cleveland-Cliffs to $14, signaling improved analyst expectations, although the target still reflects uncertainty around the cyclical steel market. Wells Fargo Raises Cleveland-Cliffs Stock Target

About Cleveland-Cliffs

Cleveland-Cliffs Inc is an integrated steel producer headquartered in Cleveland, Ohio. The company operates across the steelmaking value chain, including the mining and processing of iron ore, production of iron ore pellets, and manufacturing of finished steel products.

Cleveland-Cliffs primarily produces flat-rolled carbon steel, including hot-rolled, cold-rolled and galvanized products, as well as coated and specialty steel. Its products are used in automotive manufacturing, construction, infrastructure, appliances, machinery and other industrial applications.