ArcelorMittal (MT) Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ArcelorMittal in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MT shares.
View MT analyst ratings or view top-rated stocks.

6 Wall Street research analysts have issued 1 year price objectives for ArcelorMittal's shares. Their MT share price forecasts range from $20.70 to $33.00. On average, they anticipate the company's share price to reach $26.34 in the next year. This suggests a possible upside of 5.2% 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 4.5% and is now trading at $25.03.
View the best growth stocks for 2023 here.

ArcelorMittal saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 3,950,000 shares, an increase of 42.6% from the August 31st total of 2,770,000 shares. Based on an average trading volume of 1,810,000 shares, the days-to-cover ratio is currently 2.2 days. Currently, 0.5% of the company's shares are sold short.
View ArcelorMittal's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 9th 2023.
View our MT earnings forecast.

ArcelorMittal S.A. (NYSE:MT) issued its quarterly earnings results on Wednesday, July, 26th. The basic materials company reported $2.20 EPS for the quarter, beating the consensus estimate of $1.81 by $0.39. The basic materials company had revenue of $18.61 billion for the quarter, compared to the consensus estimate of $17.41 billion. ArcelorMittal had a net margin of 5.77% and a trailing twelve-month return on equity of 9.88%. The business's revenue for the quarter was down 16.0% on a year-over-year basis. During the same period in the previous year, the business posted $4.24 EPS.

ArcelorMittal declared an annual dividend on Thursday, March 2nd. Investors of record on Tuesday, May 23rd will be given a dividend of $0.38 per share on Thursday, June 15th. This represents a dividend yield of 1.2%. The ex-dividend date is Monday, May 22nd.
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 (NYSE:MT) pays an annual dividend of $0.19 per share and currently has a dividend yield of 0.74%. The dividend payout ratio is 3.89%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MT will have a dividend payout ratio of 4.15% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MT.

ArcelorMittal's stock 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 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "MT."

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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One share of MT stock can currently be purchased for approximately $25.03.

ArcelorMittal (NYSE:MT) has a market capitalization of $20.16 billion and generates $79.84 billion in revenue each year. The basic materials company earns $9.30 billion in net income (profit) each year or $4.88 on an earnings per share basis.

The company employs 154,352 workers across the globe.

ArcelorMittal's mailing address is 24-26 Boulevard d'Avranches, Luxembourg N4, 1160. The official website for the company is www.arcelormittal.com. The basic materials company can be reached via phone at 35247921, via email at investor.relations@arcelormittal.com, or via fax at 352-4792-2235.