Zacks Research Predicts Weaker Earnings for Cleveland-Cliffs

Cleveland-Cliffs Inc. (NYSE:CLF) – Equities researchers at Zacks Research reduced their Q1 2026 earnings estimates for shares of Cleveland-Cliffs in a research report issued on Wednesday, February 5th. Zacks Research analyst A. Barman now forecasts that the mining company will post earnings of $0.01 per share for the quarter, down from their previous estimate of $0.10. The consensus estimate for Cleveland-Cliffs’ current full-year earnings is ($0.70) per share. Zacks Research also issued estimates for Cleveland-Cliffs’ Q2 2026 earnings at $0.12 EPS, Q3 2026 earnings at $0.19 EPS, Q4 2026 earnings at $0.13 EPS and FY2026 earnings at $0.45 EPS.

CLF has been the subject of a number of other reports. Morgan Stanley cut their price target on Cleveland-Cliffs from $13.00 to $11.00 and set an “equal weight” rating for the company in a report on Monday, February 3rd. Glj Research upgraded shares of Cleveland-Cliffs from a “sell” rating to a “buy” rating and set a $14.27 target price for the company in a research note on Tuesday, January 7th. StockNews.com lowered shares of Cleveland-Cliffs from a “hold” rating to a “sell” rating in a research report on Thursday, November 7th. Citigroup cut their price objective on shares of Cleveland-Cliffs from $12.50 to $11.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. Finally, The Goldman Sachs Group initiated coverage on Cleveland-Cliffs in a research report on Monday, December 2nd. They set a “buy” rating and a $16.00 target price on the stock. Three research analysts have rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $16.68.

Cleveland-Cliffs Price Performance

Shares of Cleveland-Cliffs stock opened at $11.29 on Monday. The company has a current ratio of 1.85, a quick ratio of 0.55 and a debt-to-equity ratio of 0.53. The firm has a fifty day simple moving average of $10.25 and a 200-day simple moving average of $11.86. The stock has a market capitalization of $5.57 billion, a price-to-earnings ratio of -11.63 and a beta of 1.96. Cleveland-Cliffs has a 1-year low of $8.99 and a 1-year high of $22.97.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Strengthening Families & Communities LLC increased its position in Cleveland-Cliffs by 299.8% in the 3rd quarter. Strengthening Families & Communities LLC now owns 1,987 shares of the mining company’s stock valued at $25,000 after acquiring an additional 1,490 shares in the last quarter. Darwin Wealth Management LLC acquired a new position in shares of Cleveland-Cliffs during the third quarter worth approximately $34,000. Truvestments Capital LLC bought a new stake in shares of Cleveland-Cliffs during the third quarter valued at approximately $34,000. Byrne Asset Management LLC increased its holdings in shares of Cleveland-Cliffs by 130.0% in the fourth quarter. Byrne Asset Management LLC now owns 4,600 shares of the mining company’s stock valued at $43,000 after purchasing an additional 2,600 shares in the last quarter. Finally, Stonebridge Financial Group LLC bought a new position in Cleveland-Cliffs in the 4th quarter worth approximately $44,000. Institutional investors own 67.68% of the company’s stock.

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.