Cleveland-Cliffs (CLF) to Release Quarterly Earnings on Thursday

Cleveland-Cliffs (NYSE:CLF) is anticipated to issue its Q2 2026 results before the market opens on Thursday, July 23rd. Analysts expect Cleveland-Cliffs to announce earnings of ($0.18) per share and revenue of $5.1855 billion for the quarter. Investors can check the company’s upcoming Q2 2026 earning results page for the latest details on the call scheduled for Thursday, July 23, 2026 at 8:30 AM ET.

Cleveland-Cliffs (NYSE:CLF) last posted its earnings results on Monday, April 20th. The mining company reported ($0.40) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.44) by $0.04. Cleveland-Cliffs had a negative net margin of 6.42% and a negative return on equity of 15.48%. The firm had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $4.84 billion. During the same period in the previous year, the business posted ($0.92) EPS. The business’s revenue was up 6.3% compared to the same quarter last year. On average, analysts expect Cleveland-Cliffs to post $-0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Cleveland-Cliffs Stock Performance

Shares of NYSE CLF opened at $9.87 on Thursday. The company has a market capitalization of $5.63 billion, a PE ratio of -4.22 and a beta of 2.13. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.64 and a current ratio of 2.02. The company’s fifty day moving average price is $11.42 and its 200 day moving average price is $11.19. Cleveland-Cliffs has a 1 year low of $7.73 and a 1 year high of $16.70.

Insider Transactions at Cleveland-Cliffs

In other Cleveland-Cliffs news, EVP Celso L. Goncalves, Jr. sold 214,308 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $13.41, for a total transaction of $2,873,870.28. Following the completion of the sale, the executive vice president directly owned 184,542 shares in the company, valued at approximately $2,474,708.22. The trade was a 53.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.95% of the company’s stock.

Hedge Funds Weigh In On Cleveland-Cliffs

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Los Angeles Capital Management LLC acquired a new stake in shares of Cleveland-Cliffs in the fourth quarter worth approximately $25,000. Larson Financial Group LLC raised its stake in Cleveland-Cliffs by 819.2% in the 3rd quarter. Larson Financial Group LLC now owns 2,684 shares of the mining company’s stock valued at $33,000 after purchasing an additional 2,392 shares during the last quarter. CIBC Private Wealth Group LLC raised its stake in Cleveland-Cliffs by 306.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,461 shares of the mining company’s stock valued at $33,000 after purchasing an additional 1,855 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in Cleveland-Cliffs by 94.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,505 shares of the mining company’s stock valued at $33,000 after purchasing an additional 1,214 shares in the last quarter. Finally, Johnson Financial Group Inc. lifted its holdings in Cleveland-Cliffs by 2,935.8% in the 4th quarter. Johnson Financial Group Inc. now owns 3,309 shares of the mining company’s stock valued at $44,000 after purchasing an additional 3,200 shares in the last quarter. Hedge funds and other institutional investors own 67.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CLF. Glj Research upgraded shares of Cleveland-Cliffs from a “sell” rating to a “hold” rating and upped their price objective for the stock from $9.03 to $15.01 in a research report on Tuesday, June 9th. JPMorgan Chase & Co. dropped their target price on Cleveland-Cliffs from $13.00 to $10.00 and set a “neutral” rating on the stock in a research report on Wednesday. Weiss Ratings restated a “sell (d-)” rating on shares of Cleveland-Cliffs in a research note on Friday, April 24th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $10.00 price target on shares of Cleveland-Cliffs in a report on Friday, May 1st. Finally, Citigroup reduced their price target on Cleveland-Cliffs from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Tuesday, July 7th. Nine research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $11.50.

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.