Q4 Earnings Forecast for Cleveland-Cliffs Issued By KeyCorp

Cleveland-Cliffs Inc. (NYSE:CLF) – Research analysts at KeyCorp issued their Q4 2026 earnings per share estimates for Cleveland-Cliffs in a report released on Wednesday, October 21st. KeyCorp analyst S. Mckinney expects that the mining company will post earnings of $0.44 per share for the quarter. The consensus estimate for Cleveland-Cliffs’ current full-year earnings is $0.12 per share. KeyCorp also issued estimates for Cleveland-Cliffs’ FY2027 earnings at $1.61 EPS.

Cleveland-Cliffs (NYSE:CLF) last announced its quarterly earnings data on Monday, October 19th. The mining company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.04. Cleveland-Cliffs had a negative return on equity of 6.83% and a negative net margin of 2.36%. The company had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.69 billion. During the same quarter last year, the company earned ($0.51) EPS. The company’s quarterly revenue was up 18.5% on a year-over-year basis.

CLF has been the subject of several other reports. UBS Group set a $13.00 target price on Cleveland-Cliffs in a research report on Monday, September 7th. Wall Street Zen upgraded shares of Cleveland-Cliffs from a “hold” rating to a “buy” rating in a research note on Saturday. Bank of America reduced their price objective 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. Citigroup reiterated a “positive” rating on shares of Cleveland-Cliffs in a research report on Friday, July 24th. Finally, Wells Fargo & Company upped their target price on shares of Cleveland-Cliffs from $14.00 to $17.00 and gave the company an “overweight” rating in a research note on Tuesday, October 20th. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $13.82.

Cleveland-Cliffs Stock Performance

CLF opened at $13.40 on Tuesday. The stock has a market cap of $7.65 billion, a PE ratio of -15.77, a P/E/G ratio of 5.29 and a beta of 2.09. The company has a current ratio of 1.87, a quick ratio of 0.64 and a debt-to-equity ratio of 1.28. Cleveland-Cliffs has a 1 year low of $7.73 and a 1 year high of $15.35. The stock’s 50 day simple moving average is $12.19 and its 200-day simple moving average is $11.37.

Insider Buying and Selling at Cleveland-Cliffs

In other news, Director Edilson Camara bought 7,400 shares of the company’s stock in a transaction that occurred on Thursday, October 22nd. The stock was acquired at an average price of $13.49 per share, for a total transaction of $99,826.00. Following the transaction, the director directly owned 64,717 shares of the company’s stock, valued at $873,032.33. This trade represents a 12.91% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.95% of the company’s stock.

Institutional Trading of Cleveland-Cliffs

Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Cleveland-Cliffs in the 2nd quarter worth approximately $522,766,000. Dimensional Fund Advisors LP raised its position in Cleveland-Cliffs by 6.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 15,489,207 shares of the mining company’s stock valued at $130,873,000 after purchasing an additional 925,031 shares during the last quarter. PointState Capital LP bought a new position in Cleveland-Cliffs in the 2nd quarter valued at $61,805,000. Avala Global LP acquired a new position in Cleveland-Cliffs in the second quarter worth $58,325,000. Finally, Assenagon Asset Management S.A. boosted its stake in Cleveland-Cliffs by 208.2% in the second quarter. Assenagon Asset Management S.A. now owns 6,021,829 shares of the mining company’s stock worth $56,545,000 after purchasing an additional 4,067,994 shares in the last quarter. 67.68% of the stock is owned by institutional investors.

Cleveland-Cliffs Company Profile

Cleveland-Cliffs Inc is an integrated North American steel producer headquartered in Cleveland, Ohio. The company operates across the steelmaking value chain, from mining and processing iron ore to producing and distributing finished steel products. Its operations include iron ore mines and pelletizing facilities, steel mills, finishing plants, and related manufacturing and distribution assets.

The company produces carbon steel, stainless steel, electrical steel, and other specialty products, including hot-rolled, cold-rolled, and galvanized sheet steel.