What is KeyCorp’s Estimate for CLF FY2025 Earnings?

Cleveland-Cliffs Inc. (NYSE:CLF) – Stock analysts at KeyCorp issued their FY2025 earnings per share (EPS) estimates for Cleveland-Cliffs in a research report issued on Tuesday, January 6th. KeyCorp analyst P. Gibbs forecasts that the mining company will earn ($2.41) per share for the year. KeyCorp has a “Sector Weight” rating on the stock. The consensus estimate for Cleveland-Cliffs’ current full-year earnings is ($0.79) per share. KeyCorp also issued estimates for Cleveland-Cliffs’ FY2026 earnings at ($0.35) EPS.

Cleveland-Cliffs (NYSE:CLF) last issued its quarterly earnings results on Monday, October 20th. The mining company reported ($0.45) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.48) by $0.03. Cleveland-Cliffs had a negative return on equity of 20.02% and a negative net margin of 9.00%.The company had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same quarter last year, the company posted ($0.33) EPS. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year.

A number of other research analysts have also recently commented on CLF. Glj Research reissued a “sell” rating and issued a $5.75 target price on shares of Cleveland-Cliffs in a report on Tuesday, October 21st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cleveland-Cliffs in a research report on Thursday, October 30th. Wells Fargo & Company raised shares of Cleveland-Cliffs from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $11.00 to $12.00 in a research note on Friday, November 14th. Citigroup cut their target price on shares of Cleveland-Cliffs from $12.00 to $11.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 11th. Finally, Bank of America boosted their target price on shares of Cleveland-Cliffs from $12.50 to $14.50 and gave the stock a “neutral” rating in a research note on Tuesday, October 21st. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $12.78.

Cleveland-Cliffs Stock Performance

NYSE:CLF opened at $12.26 on Friday. Cleveland-Cliffs has a twelve month low of $5.63 and a twelve month high of $16.70. The company has a quick ratio of 0.61, a current ratio of 2.04 and a debt-to-equity ratio of 1.41. The stock’s 50-day simple moving average is $12.32 and its 200 day simple moving average is $11.45. The firm has a market capitalization of $6.06 billion, a PE ratio of -3.60 and a beta of 1.91.

Hedge Funds Weigh In On Cleveland-Cliffs

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Strengthening Families & Communities LLC raised its stake in shares of Cleveland-Cliffs by 4,315.6% during the third quarter. Strengthening Families & Communities LLC now owns 1,987 shares of the mining company’s stock valued at $25,000 after acquiring an additional 1,942 shares during the last quarter. Atwood & Palmer Inc. acquired a new stake in Cleveland-Cliffs in the second quarter valued at $27,000. Trust Co. of Toledo NA OH acquired a new stake in Cleveland-Cliffs in the second quarter valued at $27,000. Winch Advisory Services LLC raised its position in Cleveland-Cliffs by 131.3% during the 2nd quarter. Winch Advisory Services LLC now owns 4,070 shares of the mining company’s stock worth $31,000 after purchasing an additional 2,310 shares during the last quarter. Finally, Larson Financial Group LLC raised its position in Cleveland-Cliffs by 819.2% during the 3rd quarter. Larson Financial Group LLC now owns 2,684 shares of the mining company’s stock worth $33,000 after purchasing an additional 2,392 shares during the last quarter. 67.68% of the stock is currently owned by institutional investors and hedge funds.

About Cleveland-Cliffs

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.