Cleveland-Cliffs Inc. (NYSE:CLF) will release earnings for its fourth quarter before the opening bell on Monday, Feb. 9.

Analysts expect the Cleveland, Ohio-based company to report quarterly loss of 62 cents per share, versus a year-ago loss of 68 cents per share. The consensus estimate for Cleveland-Cliffs’ quarterly revenue is $4.59 billion (it reported $4.33 billion last year), according to Benzinga Pro.

On Nov. 18, SunCoke Energy and Cleveland-Cliffs agreed to a 3-year extension of their Cokemaking agreement.

Shares of Cleveland-Cliffs gained 6.4% to close at $14.73 on Friday.

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.

  • Seaport Global analyst Martin Englert downgraded the stock from Buy to Neutral on Jan. 23, 2026. This analyst has an accuracy rate of 50%.
  • Morgan Stanley analyst Carlos De Alba upgraded the stock from Equal-Weight to Overweight and boosted the price target from $12.8 to $17 on Jan. 9, 2026. This analyst has an accuracy rate of 75%.
  • Keybanc analyst Philip Gibbs downgraded the stock from Overweight to Sector Weight on Jan. 7, 2026. This analyst has an accuracy rate of 85%.
  • Wells Fargo analyst Timna Tanners upgraded the stock from Underweight to Equal-Weight and raised the price target from $11 to $12 on Nov. 14, 2025. This analyst has an accuracy rate of 74%.
  • Citigroup analyst Alexander Hacking maintained a Neutral rating and cut the price target from $12 to $11 on Nov. 11, 2025. This analyst has an accuracy rate of 69%

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

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