Glj Research Lowers Cleveland-Cliffs (NYSE:CLF) Price Target to $9.42

Cleveland-Cliffs (NYSE:CLF) had its target price lowered by stock analysts at Glj Research from $9.52 to $9.42 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “sell” rating on the mining company’s stock. Glj Research’s target price indicates a potential downside of 23.48% from the company’s current price.

CLF has been the topic of several other research reports. UBS Group set a $15.00 target price on Cleveland-Cliffs in a research report on Monday, October 27th. Morgan Stanley raised Cleveland-Cliffs from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $12.80 to $17.00 in a research report on Friday, January 9th. 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 report on Tuesday, October 21st. JPMorgan Chase & Co. lifted their price objective on shares of Cleveland-Cliffs from $10.00 to $13.00 and gave the stock a “neutral” rating in a research report on Monday, October 13th. Finally, Wells Fargo & Company upgraded shares of Cleveland-Cliffs from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $11.00 to $12.00 in a research note on Friday, November 14th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $13.69.

Cleveland-Cliffs Trading Down 16.4%

NYSE CLF opened at $12.31 on Tuesday. The stock has a market cap of $6.09 billion, a PE ratio of -3.62 and a beta of 1.93. Cleveland-Cliffs has a 12 month low of $5.63 and a 12 month high of $16.70. The company’s 50-day moving average price is $13.47 and its 200-day moving average price is $12.26. The company has a current ratio of 2.04, a quick ratio of 0.61 and a debt-to-equity ratio of 1.41.

Cleveland-Cliffs (NYSE:CLF) last announced its quarterly earnings data on Monday, February 9th. The mining company reported ($0.43) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.62) by $0.19. Cleveland-Cliffs had a negative return on equity of 20.02% and a negative net margin of 9.00%.The company had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $4.60 billion. During the same quarter in the prior year, the firm earned ($0.68) earnings per share. Cleveland-Cliffs’s revenue was down .3% compared to the same quarter last year. Equities research analysts forecast that Cleveland-Cliffs will post -0.79 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Geode Capital Management LLC boosted its position in Cleveland-Cliffs by 14.7% in the fourth quarter. Geode Capital Management LLC now owns 10,039,851 shares of the mining company’s stock valued at $133,372,000 after buying an additional 1,286,042 shares during the last quarter. Legal & General Group Plc lifted its stake in Cleveland-Cliffs by 8.7% during the 4th quarter. Legal & General Group Plc now owns 952,750 shares of the mining company’s stock valued at $12,653,000 after acquiring an additional 76,080 shares during the period. Hantz Financial Services Inc. boosted its holdings in shares of Cleveland-Cliffs by 41.4% in the 4th quarter. Hantz Financial Services Inc. now owns 25,754 shares of the mining company’s stock valued at $342,000 after acquiring an additional 7,538 shares during the last quarter. Coldstream Capital Management Inc. purchased a new stake in shares of Cleveland-Cliffs in the 4th quarter valued at $167,000. Finally, Meiji Yasuda Asset Management Co Ltd. increased its stake in shares of Cleveland-Cliffs by 15.2% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 13,237 shares of the mining company’s stock worth $176,000 after acquiring an additional 1,751 shares during the period. 67.68% of the stock is owned by institutional investors and hedge funds.

Cleveland-Cliffs News Roundup

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

• Positive Sentiment: Management expects a 2026 recovery — company guided to higher 2026 steel shipments (~16.8M tons), steady capex (~$700M) and said all assets are fully operational, which supports upside to margins and cash flow if demand/pricing normalize. BusinessWire: Q4 and Full-Year Results
• Positive Sentiment: Q4 EPS beat the consensus (loss of $0.43 vs. est. -$0.62), showing some operational improvement versus prior year and limiting the magnitude of the hit to investor expectations. Zacks: Q4 results
• Neutral Sentiment: Strong liquidity position — the company reported roughly $3.3B of liquidity, which reduces near-term financing risk while it executes its recovery plan. BusinessWire: Liquidity disclosure
• Neutral Sentiment: Earnings call/transcript provided color on contracts, utilization and the POSCO partnership but left material details (timing/terms) ambiguous — outcome of that deal is a potential catalyst but not yet definitive. Seeking Alpha: Q4 earnings transcript
• Negative Sentiment: Revenue missed estimates (reported $4.31B vs. ~$4.60B expected), a principal reason for the sharp sell-off as it signals weaker demand/contract pricing and reduced near-term top-line visibility. Reuters: Revenue miss
• Negative Sentiment: Full-year net loss widened and management flagged higher Q1 costs, which raise short-term margin pressure and prompted analysts/investors to re-price near-term expectations. Seeking Alpha News: Full-year loss widens
• Negative Sentiment: Market reaction and coverage highlighted the selloff and investor disappointment — headlines and broker notes amplified volatility after the report. Crain’s Cleveland: Stock falls sharply

Cleveland-Cliffs Company 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.