Jefferies Sticks to Their Hold Rating for Cleveland-Cliffs (CLF)

Business Insider

22-07-2025

Jefferies analyst Chris LaFemina maintained a Hold rating on Cleveland-Cliffs today and set a price target of $11.00. The company's shares closed today at $10.66.
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According to TipRanks, LaFemina is a 4-star analyst with an average return of 5.8% and a 49.02% success rate. LaFemina covers the Basic Materials sector, focusing on stocks such as Glencore, Cleveland-Cliffs, and Anglo American.
Currently, the analyst consensus on Cleveland-Cliffs is a Hold with an average price target of $10.05, implying a -5.72% downside from current levels. In a report released today, Citi also maintained a Hold rating on the stock with a $11.00 price target.
Based on Cleveland-Cliffs' latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $4.63 billion and a GAAP net loss of $495 million. In comparison, last year the company earned a revenue of $5.2 billion and had a GAAP net loss of $67 million
Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CLF in relation to earlier this year. Most recently, in May 2025, James D. Graham, the EVP Chief Legal Admin & Sec of CLF sold 120,000.00 shares for a total of $822,000.00.