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High short interest stocks: this popular trend is re-emerging
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Freshworks gets juiced on its AI customer engagement platform
At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
New CBOE “special perk” helps traders target income every weekend (Ad)
Miyazaki's 'The Boy and the Heron' is No. 1 at the box office, a first for the Japanese anime master
3 tech outperformers adored by analysts
New CBOE “special perk” helps traders target income every weekend (Ad)
Much of Kenya falls into darkness in the third nationwide power blackout in 3 months
High short interest stocks: this popular trend is re-emerging
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Freshworks gets juiced on its AI customer engagement platform
At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
New CBOE “special perk” helps traders target income every weekend (Ad)
Miyazaki's 'The Boy and the Heron' is No. 1 at the box office, a first for the Japanese anime master
3 tech outperformers adored by analysts
New CBOE “special perk” helps traders target income every weekend (Ad)
Much of Kenya falls into darkness in the third nationwide power blackout in 3 months
High short interest stocks: this popular trend is re-emerging
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Freshworks gets juiced on its AI customer engagement platform
At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
New CBOE “special perk” helps traders target income every weekend (Ad)
Miyazaki's 'The Boy and the Heron' is No. 1 at the box office, a first for the Japanese anime master
3 tech outperformers adored by analysts
New CBOE “special perk” helps traders target income every weekend (Ad)
Much of Kenya falls into darkness in the third nationwide power blackout in 3 months
High short interest stocks: this popular trend is re-emerging

ArcelorMittal (MT) Stock Price, News & Analysis

$25.35
-0.17 (-0.67%)
(As of 12/8/2023 08:57 PM ET)
Compare
Today's Range
$25.33
$25.73
50-Day Range
$21.48
$25.57
52-Week Range
$21.30
$32.49
Volume
1.37 million shs
Average Volume
2.23 million shs
Market Capitalization
$20.42 billion
P/E Ratio
5.21
Dividend Yield
1.46%
Price Target
$29.16

ArcelorMittal MarketRank™ Stock Analysis

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
15.0% Upside
$29.16 Price Target
Short Interest
Healthy
0.66% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.03mentions of ArcelorMittal in the last 14 days
Based on 17 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-19.14%
From $4.91 to $3.97 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.23 out of 5 stars

Basic Materials Sector

78th out of 171 stocks

Steel Industry

1st out of 1 stocks


MT stock logo

About ArcelorMittal Stock (NYSE:MT)

ArcelorMittal S.A., together with its subsidiaries, operates as integrated steel and mining companies in the Americas, Europe, Asia, and Africa. It offers semi-finished flat products, including slabs; finished flat products comprising plates, hot- and cold-rolled coils and sheets, hot-dipped and electro-galvanized coils and sheets, tinplate, and color coated coils and sheets; semi-finished long products, such as blooms and billets; finished long products consisting of bars, wire-rods, structural sections, rails, sheet piles, and wire-products; and seamless and welded pipes and tubes. The company also provides mining products, such as iron ore lumps, fines, concentrates, pellets, and sinter feeds; and coking and pulverized coal injections coal. It sells its products to various customers in the automotive, appliance, engineering, construction, energy, and machinery industries through a centralized marketing organization, as well as distributors. The company has iron ore mining activities in Brazil, Bosnia, Canada, Kazakhstan, Liberia, Mexico, South Africa, and Ukraine; and coal mining activities in Kazakhstan. ArcelorMittal S.A. was founded in 1976 and is headquartered in Luxembourg City, Luxembourg.

MT Stock Price History

MT Stock News Headlines

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ArcelorMittal completes sale of ArcelorMittal Temirtau
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology
Autonomix is preparing a public listing as they develop technology to potentially detect and treat a range of nervous system disorders with much greater visibility than available today. Now, their management team sees a potentially untapped $100B market opportunity.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
Arcelormittal Sa Share Price (MT.AM)
ArcelorMittal (MT) & Schneider Team Up on Low-Carbon Steel
See More Headlines
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Company Calendar

Last Earnings
11/08/2023
Ex-Dividend for 12/7 Dividend
11/13/2023
Dividend Payable
12/07/2023
Today
12/11/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/08/2024

Industry, Sector and Symbol

Industry
Steel
Sub-Industry
N/A
Employees
154,352
Year Founded
2006

Price Target and Rating

Average Stock Price Target
$29.16
High Stock Price Target
$33.00
Low Stock Price Target
$25.32
Potential Upside/Downside
+15.0%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
5 Analysts

Profitability

Net Income
$9.30 billion
Pretax Margin
6.93%

Debt

Sales & Book Value

Annual Sales
$79.84 billion
Cash Flow
$16.25 per share
Book Value
$69.03 per share

Miscellaneous

Free Float
804,855,000
Market Cap
$20.42 billion
Optionable
Optionable
Beta
1.89

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Key Executives

  • Mr. Lakshmi Nivas Mittal B.Com. (Age 73)
    Executive Chairman of the Board
    Comp: $4.65M
  • Mr. Aditya Mittal (Age 46)
    CEO & Director
    Comp: $5.21M
  • Mr. Genuino Jose Magalhaes Christino (Age 51)
    Executive VP & CFO
  • Mr. Daniel Fairclough
    Head of Investor Relations & VP of Corporate Finance
  • Mr. Henk Scheffer (Age 60)
    Group Compliance, Data Protection Officer & Company Secretary
  • Ms. Nicola Davidson
    VP and Head of Corporate Communications & Corporate Responsibility
  • Ms. Stephanie Werner-Dietz (Age 51)
    Executive VP & Global Head of HR
  • Mr. Augustine Kochuparampil (Age 71)
    VP & CEO of Long Products Europe
  • Dr. Gregory Ludkovsky (Age 73)
    VP and CEO of Global Research & Development
  • Mr. Vijay Krishna Goyal (Age 51)
    Executive VP & CEO of ArcelorMittal CIS

Should I Buy ArcelorMittal Stock? MT Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of ArcelorMittal was last updated on Tuesday, November 28, 2023 at 10:29 PM.

Pros

Here are some ways that investors could benefit from investing in ArcelorMittal S.A.:

  • ArcelorMittal recently announced the first industrial production of ethanol at its Steelanol plant. This project demonstrates the company's commitment to carbon capture and utilization, which aligns with the growing demand for sustainable practices in the industry.
  • ArcelorMittal operates as an integrated steel and mining company, providing a diversified portfolio of products to various industries. This diversification can help mitigate risks associated with fluctuations in specific sectors.
  • The company has a global presence, with operations in the Americas, Europe, Asia, and Africa. This geographic diversification allows ArcelorMittal to access different markets and capitalize on regional growth opportunities.
  • ArcelorMittal has a centralized marketing organization and a wide network of distributors, enabling efficient distribution of its products to customers in various industries. This strong distribution network can contribute to stable revenue streams.
  • Investors may find the current stock price of ArcelorMittal S.A. attractive. Please note that the stock price is subject to market fluctuations and should be evaluated based on individual investment goals and risk tolerance.

Cons

Investors should be bearish about investing in ArcelorMittal S.A. for these reasons:

  • The steel industry is highly cyclical and sensitive to economic conditions. ArcelorMittal's financial performance can be influenced by factors such as global demand for steel, raw material prices, and geopolitical events.
  • As a mining company, ArcelorMittal is exposed to risks associated with mining operations, including environmental regulations, labor disputes, and fluctuations in commodity prices.
  • The ongoing trade tensions and protectionist measures implemented by various countries can impact the global steel market. ArcelorMittal's business may be affected by changes in trade policies and tariffs.
  • The company's financial performance can be influenced by currency exchange rate fluctuations, as it operates in multiple countries. Changes in exchange rates can impact revenue, costs, and profitability.
  • Investors should carefully consider their investment horizon and risk tolerance when investing in ArcelorMittal S.A., as the stock price can be volatile and subject to market conditions.














MT Stock Analysis - Frequently Asked Questions

Should I buy or sell ArcelorMittal stock right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ArcelorMittal in the last twelve months. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" MT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MT, but not buy additional shares or sell existing shares.
View MT analyst ratings
or view top-rated stocks.

What is ArcelorMittal's stock price target for 2024?

5 Wall Street research analysts have issued 1 year target prices for ArcelorMittal's shares. Their MT share price targets range from $25.32 to $33.00. On average, they predict the company's stock price to reach $29.16 in the next twelve months. This suggests a possible upside of 15.0% from the stock's current price.
View analysts price targets for MT
or view top-rated stocks among Wall Street analysts.

How have MT shares performed in 2023?

ArcelorMittal's stock was trading at $26.22 at the start of the year. Since then, MT shares have decreased by 3.3% and is now trading at $25.35.
View the best growth stocks for 2023 here
.

Are investors shorting ArcelorMittal?

ArcelorMittal saw a increase in short interest during the month of October. As of October 31st, there was short interest totaling 5,500,000 shares, an increase of 26.1% from the October 15th total of 4,360,000 shares. Based on an average trading volume of 2,090,000 shares, the short-interest ratio is currently 2.6 days. Approximately 0.7% of the company's shares are short sold.
View ArcelorMittal's Short Interest
.

When is ArcelorMittal's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 8th 2024.
View our MT earnings forecast
.

How were ArcelorMittal's earnings last quarter?

ArcelorMittal S.A. (NYSE:MT) posted its earnings results on Wednesday, November, 8th. The basic materials company reported $1.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.03 by $0.07. The basic materials company had revenue of $16.62 billion for the quarter, compared to analysts' expectations of $16.87 billion. ArcelorMittal had a trailing twelve-month return on equity of 8.93% and a net margin of 5.87%. ArcelorMittal's revenue for the quarter was down 12.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.54 EPS.

How often does ArcelorMittal pay dividends? What is the dividend yield for ArcelorMittal?

ArcelorMittal announced an annual dividend on Thursday, March 2nd. Stockholders of record on Tuesday, November 14th will be paid a dividend of $0.38 per share on Thursday, December 7th. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, November 13th.
Read our dividend analysis for MT
.

Is ArcelorMittal a good dividend stock?

ArcelorMittal (NYSE:MT) pays an annual dividend of $0.37 per share and currently has a dividend yield of 1.47%. The dividend payout ratio is 7.60%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MT will have a dividend payout ratio of 9.32% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MT.

What ETFs hold ArcelorMittal's stock?

ETFs with the largest weight of ArcelorMittal (NYSE:MT) stock in their portfolio include VanEck Steel ETF (SLX).Amplify International Enhanced Dividend Income ETF (IDVO).

When did ArcelorMittal's stock split?

Shares of ArcelorMittal reverse split before market open on Monday, May 22nd 2017. The 1-3 reverse split was announced on Thursday, May 11th 2017. The number of shares owned by shareholders was adjusted after the market closes on Friday, May 19th 2017. An investor that had 100 shares of stock prior to the reverse split would have 33 shares after the split.

What is Lourenco Goncalves' approval rating as ArcelorMittal's CEO?

1 employees have rated ArcelorMittal Chief Executive Officer Lourenco Goncalves on Glassdoor.com. Lourenco Goncalves has an approval rating of 100% among the company's employees. This puts Lourenco Goncalves in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of ArcelorMittal own?

Based on aggregate information from My MarketBeat watchlists, some companies that other ArcelorMittal investors own include AT&T (T), Energy Transfer (ET), Ford Motor (F), Micron Technology (MU), Bank of America (BAC), Intel (INTC), General Electric (GE), Gilead Sciences (GILD) and Cisco Systems (CSCO).

Who are ArcelorMittal's major shareholders?

ArcelorMittal's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Morgan Stanley (0.38%), Clearbridge Investments LLC (0.33%), Optiver Holding B.V. (0.00%), Royal Bank of Canada (0.08%), UBS Group AG (0.00%) and FMR LLC (0.07%).
View institutional ownership trends
.

How do I buy shares of ArcelorMittal?

Shares of MT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:MT) was last updated on 12/11/2023 by MarketBeat.com Staff

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