ArcelorMittal Stock Price, News & Analysis (NYSE:MT)

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ArcelorMittal in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities 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.

5 equities research analysts have issued 1 year price targets for ArcelorMittal's shares. Their MT share price targets range from $25.32 to $33.00. On average, they anticipate the company's stock price to reach $29.16 in the next year. This suggests a possible upside of 14.0% from the stock's current price.
View analysts price targets for MT or view top-rated stocks among Wall Street analysts.

ArcelorMittal's stock was trading at $26.22 on January 1st, 2023. Since then, MT shares have decreased by 2.5% and is now trading at $25.57.
View the best growth stocks for 2023 here.

ArcelorMittal saw a increase in short interest in 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 daily trading volume, of 2,090,000 shares, the days-to-cover ratio is currently 2.6 days. Approximately 0.7% of the shares of the company are sold short.
View ArcelorMittal's Short Interest.

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

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 earned $16.62 billion during the quarter, compared to the consensus estimate of $16.87 billion. ArcelorMittal had a trailing twelve-month return on equity of 8.93% and a net margin of 5.87%. The company's revenue was down 12.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.54 EPS.

ArcelorMittal declared 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 yield of 1.2%. The ex-dividend date of this dividend is Monday, November 13th.
Read our dividend analysis for MT.

ArcelorMittal (NYSE:MT) pays an annual dividend of $0.37 per share and currently has a dividend yield of 1.46%. 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 9.51% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MT.

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).

ArcelorMittal's stock reverse split on the morning of 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 closing bell 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.

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.

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).

ArcelorMittal's stock is owned by many different institutional and retail investors. Top institutional investors 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.

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.
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