Gallagher Fiduciary Advisors LLC Invests $5.50 Million in Cleveland-Cliffs Inc. $CLF

Gallagher Fiduciary Advisors LLC acquired a new stake in Cleveland-Cliffs Inc. (NYSE:CLF) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 585,516 shares of the mining company’s stock, valued at approximately $5,498,000. Cleveland-Cliffs accounts for 0.2% of Gallagher Fiduciary Advisors LLC’s investment portfolio, making the stock its 25th biggest holding. Gallagher Fiduciary Advisors LLC owned about 0.10% of Cleveland-Cliffs as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Focus Partners Wealth acquired a new position in Cleveland-Cliffs in the first quarter valued at approximately $339,000. Prudential Financial Inc. grew its position in shares of Cleveland-Cliffs by 27.4% during the 2nd quarter. Prudential Financial Inc. now owns 49,955 shares of the mining company’s stock worth $380,000 after buying an additional 10,733 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Cleveland-Cliffs by 4.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 143,264 shares of the mining company’s stock valued at $1,088,000 after acquiring an additional 6,073 shares in the last quarter. CW Advisors LLC lifted its position in shares of Cleveland-Cliffs by 47.4% during the 2nd quarter. CW Advisors LLC now owns 22,167 shares of the mining company’s stock valued at $168,000 after acquiring an additional 7,127 shares during the period. Finally, Invesco Ltd. lifted its position in shares of Cleveland-Cliffs by 20.3% during the 2nd quarter. Invesco Ltd. now owns 3,081,241 shares of the mining company’s stock valued at $23,417,000 after acquiring an additional 520,120 shares during the period. Institutional investors own 67.68% of the company’s stock.

Cleveland-Cliffs Price Performance

Shares of CLF opened at $11.53 on Wednesday. The business’s fifty day moving average is $10.93 and its 200 day moving average is $10.71. Cleveland-Cliffs Inc. has a 12-month low of $7.73 and a 12-month high of $16.70. The company has a quick ratio of 0.63, a current ratio of 1.89 and a debt-to-equity ratio of 1.32. The stock has a market cap of $6.58 billion, a P/E ratio of -7.12 and a beta of 2.09.

Cleveland-Cliffs (NYSE:CLF) last announced its quarterly earnings results on Thursday, July 23rd. The mining company reported ($0.20) EPS for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.01. Cleveland-Cliffs had a negative net margin of 4.56% and a negative return on equity of 13.37%. The business had revenue of $5.23 billion during the quarter, compared to analyst estimates of $5.15 billion. During the same quarter in the previous year, the business posted ($0.50) EPS. Cleveland-Cliffs’s quarterly revenue was up 5.9% on a year-over-year basis. Sell-side analysts anticipate that Cleveland-Cliffs Inc. will post -0.11 earnings per share for the current fiscal year.

Key Stories Impacting Cleveland-Cliffs

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

• Positive Sentiment: Trade tensions support domestic steelmakers: The breakdown in U.S.-Canada trade discussions put steel tariffs back in focus, encouraging investors to favor U.S. producers such as Cleveland-Cliffs. Higher barriers to imported steel could improve domestic pricing and demand, although the policy outlook remains volatile. U.S.-Canada trade talks article
• Positive Sentiment: $1 billion Middletown Works upgrade: Cleveland-Cliffs plans to modernize its Ohio facility, with approximately $500 million, or half the project cost, supported by the U.S. Department of Energy. The investment is expected to improve efficiency and help protect about 2,300 jobs. Its auto-sector exposure could also benefit as automakers increasingly seek domestic steel supplies. DOE support article
• Neutral Sentiment: Wells Fargo raised its price target: The firm increased its target from $11 to $12 while maintaining an “equal weight” rating, signaling modest potential upside but no strong change in its investment view. Benzinga analyst action
• Neutral Sentiment: Capital returns have not solved the valuation problem: A recent review highlighted roughly $2.5 billion in cumulative payouts to shareholders, but CLF’s stock has remained a laggard. This underscores that dividends and buybacks have provided limited support while steel-market performance and balance-sheet concerns remain central. Trefis payout analysis
• Negative Sentiment: Financial risks remain: Cleveland-Cliffs remains unprofitable, more leveraged than some domestic peers and dependent on a cyclical automotive market. Benefits from the Middletown project may take years to materialize, leaving near-term results sensitive to steel prices, demand and execution.

Analysts Set New Price Targets

A number of research firms have commented on CLF. Bank of America reduced their price target on shares of Cleveland-Cliffs from $14.00 to $11.50 and set a “neutral” rating for the company in a report on Thursday, July 9th. Barclays upped their price objective on shares of Cleveland-Cliffs from $9.00 to $10.00 and gave the company an “underweight” rating in a report on Friday, July 24th. Glj Research raised shares of Cleveland-Cliffs from a “hold” rating to a “buy” rating and increased their price objective for the stock from $15.01 to $15.60 in a research report on Friday, July 24th. JPMorgan Chase & Co. reduced their target price on Cleveland-Cliffs from $13.00 to $10.00 and set a “neutral” rating for the company in a research note on Wednesday, July 15th. Finally, Wells Fargo & Company boosted their target price on Cleveland-Cliffs from $11.00 to $12.00 and gave the company an “equal weight” rating in a research report on Monday. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $11.96.

Insider Activity at Cleveland-Cliffs

In related news, EVP Celso L. Goncalves, Jr. sold 214,308 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $13.41, for a total value of $2,873,870.28. Following the sale, the executive vice president owned 184,542 shares in the company, valued at $2,474,708.22. This represents a 53.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.95% of the stock is currently owned by insiders.

Cleveland-Cliffs Profile

Cleveland-Cliffs Inc is a leading North American producer of iron ore pellets and flat-rolled steel products. Tracing its roots to 1847, the company has evolved from an iron-ore mining concern in the Great Lakes region into a fully integrated steelmaker. Today, Cleveland-Cliffs operates iron ore mining complexes in Michigan and Minnesota as well as steelmaking and finishing facilities across the United States.

The company’s integrated platform begins with direct control of key raw materials, including iron ore and scrap, and extends through every stage of steel production.