Q3 2025 EPS Estimates for Cleveland-Cliffs Inc. Lowered by Zacks Research (NYSE:CLF)

Cleveland-Cliffs Inc. (NYSE:CLF) – Investment analysts at Zacks Research decreased their Q3 2025 EPS estimates for Cleveland-Cliffs in a research note issued to investors on Monday, May 6th. Zacks Research analyst A. Barman now anticipates that the mining company will earn $0.58 per share for the quarter, down from their prior estimate of $0.60. The consensus estimate for Cleveland-Cliffs’ current full-year earnings is $1.22 per share. Zacks Research also issued estimates for Cleveland-Cliffs’ Q4 2025 earnings at $0.69 EPS and FY2025 earnings at $2.20 EPS.

Cleveland-Cliffs (NYSE:CLF) last released its earnings results on Monday, April 22nd. The mining company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The company had revenue of $5.20 billion for the quarter, compared to analysts’ expectations of $5.34 billion. Cleveland-Cliffs had a return on equity of 8.69% and a net margin of 1.78%. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.11) EPS.

Several other analysts have also recently issued reports on the stock. StockNews.com cut shares of Cleveland-Cliffs from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. BNP Paribas cut shares of Cleveland-Cliffs from a “neutral” rating to an “underperform” rating and set a $16.50 price objective for the company. in a research note on Wednesday, February 28th. B. Riley dropped their price target on shares of Cleveland-Cliffs from $25.00 to $24.00 and set a “buy” rating for the company in a research note on Tuesday, April 30th. Argus cut shares of Cleveland-Cliffs from a “buy” rating to a “hold” rating in a research note on Thursday, February 8th. Finally, Wolfe Research reissued an “underperform” rating and issued 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, four have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $20.42.

Cleveland-Cliffs Stock Down 0.4 %

CLF stock opened at $17.24 on Wednesday. Cleveland-Cliffs has a 52 week low of $13.61 and a 52 week high of $22.97. The stock has a market capitalization of $8.20 billion, a P/E ratio of 23.30, a P/E/G ratio of 0.83 and a beta of 2.10. The company has a quick ratio of 0.59, a current ratio of 1.90 and a debt-to-equity ratio of 0.49. The firm has a 50-day simple moving average of $20.42 and a 200-day simple moving average of $19.15.

Cleveland-Cliffs declared that its board has approved a share buyback plan on Monday, April 22nd that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the mining company to purchase up to 17.2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Transactions at Cleveland-Cliffs

In other news, CEO Lourenco Goncalves sold 187,136 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $20.19, for a total value of $3,778,275.84. Following the transaction, the chief executive officer now directly owns 2,699,089 shares in the company, valued at approximately $54,494,606.91. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Cleveland-Cliffs news, Director Arlene M. Yocum bought 2,000 shares of Cleveland-Cliffs stock in a transaction on Wednesday, March 6th. The shares were bought at an average cost of $20.02 per share, for a total transaction of $40,040.00. Following the acquisition, the director now directly owns 94,887 shares in the company, valued at $1,899,637.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lourenco Goncalves sold 187,136 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $20.19, for a total transaction of $3,778,275.84. Following the sale, the chief executive officer now owns 2,699,089 shares in the company, valued at $54,494,606.91. The disclosure for this sale can be found here. In the last three months, insiders have purchased 87,000 shares of company stock worth $1,470,640 and have sold 221,066 shares worth $4,464,688. Company insiders own 1.76% of the company’s stock.

Institutional Investors Weigh In On Cleveland-Cliffs

A number of hedge funds have recently added to or reduced their stakes in CLF. Norges Bank acquired a new stake in shares of Cleveland-Cliffs in the 4th quarter valued at $117,585,000. Peconic Partners LLC acquired a new stake in shares of Cleveland-Cliffs in the 4th quarter valued at $42,370,000. AQR Capital Management LLC raised its holdings in shares of Cleveland-Cliffs by 154.2% in the 3rd quarter. AQR Capital Management LLC now owns 2,586,472 shares of the mining company’s stock valued at $40,181,000 after purchasing an additional 1,568,961 shares in the last quarter. Barclays PLC raised its holdings in shares of Cleveland-Cliffs by 240.4% in the 3rd quarter. Barclays PLC now owns 1,988,689 shares of the mining company’s stock valued at $31,083,000 after purchasing an additional 1,404,491 shares in the last quarter. Finally, Ninety One UK Ltd acquired a new stake in shares of Cleveland-Cliffs in the 4th quarter valued at $27,928,000. 67.68% of the stock is currently owned by institutional investors and hedge funds.

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.