Cleveland-Cliffs Inc. to Post Q3 2025 Earnings of $0.58 Per Share, Zacks Research Forecasts (NYSE:CLF)

Cleveland-Cliffs Inc. (NYSE:CLF) – Stock analysts at Zacks Research decreased their Q3 2025 earnings per share estimates for Cleveland-Cliffs in a note issued to investors on Monday, May 6th. Zacks Research analyst A. Barman now expects that the mining company will earn $0.58 per share for the quarter, down from their previous 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 announced its earnings results on Monday, April 22nd. The mining company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The business had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.34 billion. Cleveland-Cliffs had a return on equity of 8.69% and a net margin of 1.78%. The business’s revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.11) EPS.

Other analysts have also issued research reports about the company. StockNews.com lowered Cleveland-Cliffs from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. TheStreet downgraded shares of Cleveland-Cliffs from a “b-” rating to a “c” rating in a report on Tuesday, January 30th. BNP Paribas downgraded shares of Cleveland-Cliffs from a “neutral” rating to an “underperform” rating and set a $16.50 price objective on the stock. in a research note on Wednesday, February 28th. Argus downgraded Cleveland-Cliffs from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. Finally, B. Riley decreased their price objective on Cleveland-Cliffs from $25.00 to $24.00 and set a “buy” rating on the stock in a report on Tuesday, April 30th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Cleveland-Cliffs presently has an average rating of “Hold” and an average price target of $20.42.

Cleveland-Cliffs Price Performance

CLF stock opened at $17.31 on Wednesday. Cleveland-Cliffs has a 1 year low of $13.61 and a 1 year high of $22.97. The firm has a market cap of $8.23 billion, a P/E ratio of 23.39, a PEG ratio of 0.83 and a beta of 2.10. The stock’s 50 day moving average price is $20.48 and its 200 day moving average price is $19.16. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.59 and a current ratio of 1.90.

Cleveland-Cliffs announced that its Board of Directors has authorized a share repurchase plan on Monday, April 22nd that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the mining company to reacquire up to 17.2% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other news, Director Ron A. Bloom bought 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were acquired at an average cost of $17.00 per share, with a total value of $425,000.00. Following the transaction, the director now owns 59,900 shares of the company’s stock, valued at approximately $1,018,300. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Cleveland-Cliffs news, EVP Terry G. Fedor sold 27,430 shares of Cleveland-Cliffs stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $20.19, for a total transaction of $553,811.70. Following the transaction, the executive vice president now directly owns 534,617 shares of the company’s stock, valued at $10,793,917.23. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Ron A. Bloom acquired 25,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was acquired at an average cost of $17.00 per share, with a total value of $425,000.00. Following the transaction, the director now directly owns 59,900 shares of the company’s stock, valued at $1,018,300. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 87,000 shares of company stock valued at $1,470,640 and have sold 221,066 shares valued at $4,464,688. 1.76% of the stock is currently owned by insiders.

Institutional Trading of Cleveland-Cliffs

A number of institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. boosted its holdings in Cleveland-Cliffs by 82.2% in the 1st quarter. Russell Investments Group Ltd. now owns 392,842 shares of the mining company’s stock worth $8,932,000 after acquiring an additional 177,198 shares during the period. Sei Investments Co. boosted its stake in shares of Cleveland-Cliffs by 5.4% in the first quarter. Sei Investments Co. now owns 413,934 shares of the mining company’s stock valued at $9,413,000 after purchasing an additional 21,262 shares during the period. KCM Investment Advisors LLC grew its holdings in Cleveland-Cliffs by 9.9% during the 1st quarter. KCM Investment Advisors LLC now owns 17,804 shares of the mining company’s stock valued at $405,000 after purchasing an additional 1,610 shares in the last quarter. Tectonic Advisors LLC increased its position in shares of Cleveland-Cliffs by 26.7% during the first quarter. Tectonic Advisors LLC now owns 68,303 shares of the mining company’s stock worth $1,553,000 after acquiring an additional 14,374 shares during the last quarter. Finally, Illinois Municipal Retirement Fund lifted its stake in shares of Cleveland-Cliffs by 28.8% in the first quarter. Illinois Municipal Retirement Fund now owns 82,584 shares of the mining company’s stock worth $1,878,000 after acquiring an additional 18,453 shares in the last quarter. 67.68% of the stock is owned by hedge funds and other institutional investors.

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.