What is KeyCorp’s Forecast for CLF FY2026 Earnings?

Cleveland-Cliffs Inc. (NYSE:CLF) – Equities researchers at KeyCorp issued their FY2026 earnings per share estimates for shares of Cleveland-Cliffs in a research note issued to investors on Monday, February 10th. KeyCorp analyst P. Gibbs forecasts that the mining company will post earnings per share of $0.27 for the year. The consensus estimate for Cleveland-Cliffs’ current full-year earnings is ($0.70) per share.

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

Cleveland-Cliffs Stock Down 4.7 %

NYSE:CLF opened at $11.29 on Wednesday. Cleveland-Cliffs has a twelve month low of $8.99 and a twelve month high of $22.97. The company has a quick ratio of 0.55, a current ratio of 1.85 and a debt-to-equity ratio of 0.53. The stock’s 50-day simple moving average is $10.25 and its 200 day simple moving average is $11.86.

Institutional Trading of Cleveland-Cliffs

Several institutional investors have recently added to or reduced their stakes in CLF. Altus Wealth Group LLC raised its position in shares of Cleveland-Cliffs by 7.2% in the 3rd quarter. Altus Wealth Group LLC now owns 11,900 shares of the mining company’s stock worth $152,000 after acquiring an additional 800 shares in the last quarter. AllSquare Wealth Management LLC grew its stake in Cleveland-Cliffs by 24.4% during the fourth quarter. AllSquare Wealth Management LLC now owns 5,100 shares of the mining company’s stock worth $48,000 after purchasing an additional 1,000 shares during the period. MRP Capital Investments LLC increased its holdings in Cleveland-Cliffs by 10.0% in the fourth quarter. MRP Capital Investments LLC now owns 11,000 shares of the mining company’s stock worth $103,000 after purchasing an additional 1,000 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in Cleveland-Cliffs by 21.3% in the fourth quarter. Jones Financial Companies Lllp now owns 6,723 shares of the mining company’s stock worth $63,000 after purchasing an additional 1,182 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its stake in Cleveland-Cliffs by 3.2% in the third quarter. DekaBank Deutsche Girozentrale now owns 40,408 shares of the mining company’s stock valued at $515,000 after buying an additional 1,237 shares during the period. 67.68% of the stock is currently owned by 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.