Zacks Research Weighs in on Cleveland-Cliffs Inc.’s Q1 2025 Earnings (NYSE:CLF)

Cleveland-Cliffs Inc. (NYSE:CLF) – Stock analysts at Zacks Research lowered their Q1 2025 EPS estimates for shares of Cleveland-Cliffs in a report issued on Tuesday, April 16th. Zacks Research analyst A. Barman now forecasts that the mining company will earn $0.37 per share for the quarter, down from their previous estimate of $0.45. The consensus estimate for Cleveland-Cliffs’ current full-year earnings is $1.63 per share. Zacks Research also issued estimates for Cleveland-Cliffs’ Q3 2025 earnings at $0.60 EPS, FY2025 earnings at $2.31 EPS, Q1 2026 earnings at $0.42 EPS and FY2026 earnings at $2.63 EPS.

Several other research analysts have also weighed in on the stock. TheStreet lowered shares of Cleveland-Cliffs from a “b-” rating to a “c” rating in a research note on Tuesday, January 30th. Argus lowered shares of Cleveland-Cliffs from a “buy” rating to a “hold” rating in a research note on Thursday, February 8th. Morgan Stanley reiterated an “equal weight” rating and issued a $20.00 price objective on shares of Cleveland-Cliffs in a research note on Tuesday, March 26th. Citigroup lowered shares of Cleveland-Cliffs from a “buy” rating to a “neutral” rating and set a $22.00 price target on the stock. in a research note on Wednesday, March 13th. Finally, Wolfe Research restated an “underperform” rating and set a $18.00 price target on shares of Cleveland-Cliffs in a research note on Tuesday, April 9th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $19.92.

Cleveland-Cliffs Stock Up 0.8 %

Cleveland-Cliffs stock traded up $0.17 during trading hours on Wednesday, hitting $21.21. The company had a trading volume of 9,055,021 shares, compared to its average volume of 8,400,383. The firm has a market capitalization of $10.08 billion, a P/E ratio of 27.33, a price-to-earnings-growth ratio of 0.75 and a beta of 2.03. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.89 and a quick ratio of 0.62. The firm’s fifty day moving average is $20.88 and its 200-day moving average is $18.82. Cleveland-Cliffs has a fifty-two week low of $13.61 and a fifty-two week high of $22.97.

Cleveland-Cliffs (NYSE:CLF) last issued its quarterly earnings results on Tuesday, January 30th. The mining company reported ($0.05) EPS for the quarter, meeting the consensus estimate of ($0.05). The business had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $5.16 billion. Cleveland-Cliffs had a net margin of 1.81% and a return on equity of 6.79%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.30) EPS.

Insider Activity at Cleveland-Cliffs

In related news, Director Susan Miranda Green sold 6,500 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $20.40, for a total value of $132,600.00. Following the transaction, the director now directly owns 90,286 shares in the company, valued at approximately $1,841,834.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Susan Miranda Green sold 6,500 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $20.40, for a total value of $132,600.00. Following the transaction, the director now directly owns 90,286 shares in the company, valued at approximately $1,841,834.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Arlene M. Yocum purchased 2,000 shares of Cleveland-Cliffs stock in a transaction on Wednesday, March 6th. The stock was bought at an average cost of $20.02 per share, with a total value of $40,040.00. Following the completion of the acquisition, the director now owns 94,887 shares in the company, valued at $1,899,637.74. The disclosure for this purchase can be found here. In the last three months, insiders have sold 221,066 shares of company stock worth $4,464,688. 1.76% of the stock is owned by insiders.

Hedge Funds Weigh In On Cleveland-Cliffs

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. lifted its holdings in shares of Cleveland-Cliffs by 3.8% during the 1st quarter. BlackRock Inc. now owns 56,453,183 shares of the mining company’s stock worth $1,034,787,000 after acquiring an additional 2,041,111 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Cleveland-Cliffs by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 45,757,539 shares of the mining company’s stock worth $616,355,000 after acquiring an additional 387,794 shares during the period. State Street Corp lifted its holdings in shares of Cleveland-Cliffs by 18.6% during the 2nd quarter. State Street Corp now owns 21,000,065 shares of the mining company’s stock worth $322,771,000 after acquiring an additional 3,295,448 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Cleveland-Cliffs by 2.1% during the 1st quarter. Geode Capital Management LLC now owns 7,476,201 shares of the mining company’s stock worth $136,853,000 after acquiring an additional 150,571 shares during the period. Finally, Morgan Stanley increased its position in shares of Cleveland-Cliffs by 1.5% during the 4th quarter. Morgan Stanley now owns 6,855,860 shares of the mining company’s stock worth $110,448,000 after purchasing an additional 98,117 shares in the last quarter. 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.