Cleveland-Cliffs Inc. (NYSE:CLF) will release its third quarter earnings report before the opening bell on Monday, Oct. 19.

Analysts expect the Cleveland, Ohio-based company to report quarterly earnings of 24 cents per share, versus a loss of 45 cents per share in the year-ago period. The consensus estimate for CLF’s quarterly revenue is $5.72 billion. It reported $4.73 billion last year, according to Benzinga Pro.

On Aug. 21, Cleveland-Cliffs announced a $1 billion investment in its Middletown Works facility in Ohio.

Shares of Cleveland-Cliffs rose 1.1% to close at $12.19 on Thursday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

  • Wells Fargo analyst Timna Tanners upgraded the stock from Equal-Weight to Overweight and raised the price target from $12 to $14 on Oct. 6, 2026. This analyst has an accuracy rate of 64%.
  • GLJ Research analyst Gordon L. Johnson maintained a Buy rating and boosted the price target from $15.6 to $17.48 on Sept. 21, 2026. This analyst has an accuracy rate of 61%.
  • JP Morgan analyst Bennett Moore maintained a Neutral rating and increased the price target from $11 to $13 on Sept. 9, 2026. This analyst has an accuracy rate of 68%.
  • Barclays analyst Richard Garchitorena maintained an Underweight rating and boosted the price target from $9 to $10 on July 24, 2026. This analyst has an accuracy rate of 62%.
  • B of A Securities analyst Lawson Winder maintained a Neutral rating and cut the price target from $14 to $11.5 on July 9, 2026. This analyst has an accuracy rate of 64%.

Considering buying CLF stock? Here’s what analysts think:

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