NYSE:MT ArcelorMittal (MT) Stock Forecast, Price & News $26.82 +1.26 (+4.93%) (As of 06/2/2023 ET) Add Compare Share Share Today's Range$26.38▼$26.9550-Day Range$24.95▼$30.1252-Week Range$19.25▼$33.42Volume2.89 million shsAverage Volume2.79 million shsMarket Capitalization$21.60 billionP/E Ratio3.88Dividend Yield0.71%Price Target$28.68 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media ArcelorMittal MarketRank™ ForecastAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside6.9% Upside$28.68 Price TargetShort InterestHealthy0.88% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment1.26Based on 3 Articles This WeekInsider TradingN/AProj. Earnings Growth32.69%From $4.16 to $5.52 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.06 out of 5 starsBasic Materials Sector106th out of 163 stocksBlast Furnaces & Steel Mills Industry8th out of 12 stocks 1.3 Analyst's Opinion Consensus RatingArcelorMittal has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $28.68, ArcelorMittal has a forecasted upside of 6.9% from its current price of $26.82.Amount of Analyst CoverageArcelorMittal has only been the subject of 3 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted0.88% of the float of ArcelorMittal has been sold short.Short Interest Ratio / Days to CoverArcelorMittal has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in ArcelorMittal has recently increased by 67.97%, indicating that investor sentiment is decreasing significantly. Previous Next 1.7 Dividend Strength Dividend YieldArcelorMittal has a dividend yield of 0.70%, which is in the bottom 25% of all stocks that pay dividends.Dividend GrowthArcelorMittal does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of ArcelorMittal is 2.75%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, ArcelorMittal will have a dividend payout ratio of 3.44% next year. This indicates that ArcelorMittal will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for MT. Previous Next 2.4 News and Social Media Coverage News SentimentArcelorMittal has a news sentiment score of 1.26. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.47 average news sentiment score of Basic Materials companies.News Coverage This WeekMarketBeat has tracked 3 news articles for ArcelorMittal this week, compared to 5 articles on an average week.Search InterestOnly 4 people have searched for MT on MarketBeat in the last 30 days. This is a decrease of -73% compared to the previous 30 days.MarketBeat FollowsOnly 3 people have added ArcelorMittal to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, ArcelorMittal insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.06% of the stock of ArcelorMittal is held by insiders.Percentage Held by InstitutionsOnly 5.40% of the stock of ArcelorMittal is held by institutions. Previous Next 3.8 Earnings and Valuation Earnings GrowthEarnings for ArcelorMittal are expected to grow by 32.69% in the coming year, from $4.16 to $5.52 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of ArcelorMittal is 3.88, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.58.Price to Earnings Ratio vs. SectorThe P/E ratio of ArcelorMittal is 3.88, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 90.71.Price to Book Value per Share RatioArcelorMittal has a P/B Ratio of 0.38. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About ArcelorMittal (NYSE:MT) StockArcelorMittal SA is a holding company, which engages in steelmaking and mining activities. It operates through the following business segments: NAFTA; Brazil; Europe; Africa and Commonwealth of Independent States (ACIS), Mining, and Others. The NAFTA segment consists of flat products such as slabs, hot-rolled coil, cold-rolled coil, coated steel, and plate. The Brazil segment covers wire rod, bar and rebars, billets, blooms, and wire drawing. The Europe segment offers hot-rolled coil, cold-rolled coil, coated products, tinplate, plate, and slab. The ACIS segment produces a combination of flat, long, and tubular products. The Mining segment focuses on steel operations. The company was founded by Lakshmi Niwas Mittal in 1976 and is headquartered in Luxembourg.Read More Receive MT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for ArcelorMittal and its competitors with MarketBeat's FREE daily newsletter. Email Address MT Stock News HeadlinesMay 30, 2023 | finance.yahoo.comBest Value Stocks to Buy for May 30thMay 30, 2023 | finance.yahoo.comNew Strong Buy Stocks for May 30thJune 4, 2023 | Behind the Markets (Ad)Laser breakthrough could send stock soaring 2,467%Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...May 26, 2023 | finance.yahoo.com16 Largest Pig Iron Producing CountriesMay 20, 2023 | americanbankingnews.comArcelorMittal S.A. Announces Annual Dividend of $0.38 (NYSE:MT)May 20, 2023 | finance.yahoo.comArcelorMittal South Africa Limited's (JSE:ACL) top owners are public companies with 69% stake, while 15% is held by individual investorsMay 19, 2023 | finance.yahoo.comMandatory conversion of ArcelorMittal outstanding 5.50% mandatorily convertible subordinated notes due 18 May 2023May 19, 2023 | finance.yahoo.comInvesting in ArcelorMittal (AMS:MT) three years ago would have delivered you a 204% gainJune 4, 2023 | Chaikin Analytics (Ad)Wall Street Legend Who Called AMZN Crash Issues New Sell AlertNow, after years of big gains, he says one popular company's day in the sun is finally coming to an end. You must get off this sinking ship – NOW. 1 million people follow him for his surprisingly accurate predictions. His new sell alert could save your wealth in 2023.May 19, 2023 | americanbankingnews.comArcelorMittal (NYSE:MT) Shares Gap Up to $25.75May 19, 2023 | americanbankingnews.comArcelorMittal S.A. (NYSE:MT) Receives Average Rating of "Moderate Buy" from AnalystsMay 18, 2023 | seekingalpha.comArcelorMittal S.A. 2023 Q1 - Results - Earnings Call PresentationMay 17, 2023 | americanbankingnews.comArcelorMittal S.A. Forecasted to Earn Q2 2023 Earnings of $1.67 Per Share (NYSE:MT)May 14, 2023 | americanbankingnews.comQ3 2023 EPS Estimates for ArcelorMittal S.A. Increased by KeyCorp (NYSE:MT)May 8, 2023 | finance.yahoo.comArcelorMittal's (MT) Q1 Earnings Top Estimates, Revenues LagMay 5, 2023 | finance.yahoo.comArcelorMittal announces the commencement of a new share buyback program of 85 million shares for 2023-2025May 4, 2023 | americanbankingnews.comArcelorMittal S.A. (NYSE:MT) Expected to Earn Q1 2023 Earnings of $0.83 Per ShareMay 4, 2023 | ca.finance.yahoo.comArcelorMittal beats profit expectations on higher steel demandMay 2, 2023 | americanbankingnews.comArcelorMittal (MT) Set to Announce Earnings on ThursdayApril 28, 2023 | finance.yahoo.comArcelorMittal cancels 25 million treasury sharesApril 27, 2023 | finance.yahoo.comCorrection: ArcelorMittal S.A.: Blackrock Inc. shareholding notificationApril 27, 2023 | finance.yahoo.comArcelorMittal S.A.: Blackrock Inc. shareholding notificationApril 26, 2023 | finance.yahoo.comArcelorMittal S.A.: ArcelorMittal publishes 2022 Integrated Annual ReviewApril 26, 2023 | americanbankingnews.comArcelorMittal (NYSE:MT) Sees Large Volume IncreaseApril 25, 2023 | finance.yahoo.comArcelorMittal S.A.: ArcelorMittal announces the publication of its first quarter 2023 sell-side analyst consensus figuresApril 24, 2023 | americanbankingnews.comAnalysts Set ArcelorMittal S.A. (NYSE:MT) Price Target at $31.33April 20, 2023 | markets.businessinsider.comArcelorMittal (MT): New Buy Recommendation for This Basic Materials GiantSee More Headlines MT Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MT Company Calendar Last Earnings11/10/2021Ex-Dividend for 6/15 Dividend5/22/2023Today6/03/2023Dividend Payable6/15/2023Next Earnings (Estimated)7/27/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Blast furnaces & steel mills Sub-IndustryN/A SectorBasic Materials Current SymbolNYSE:MT CUSIPN/A CIK1243429 Webwww.arcelormittal.com Phone35247921Fax352-4792-2235Employees154,352Year Founded2006Price Target and Rating Average Stock Price Forecast$28.68 High Stock Price Forecast$38.00 Low Stock Price Forecast$20.70 Forecasted Upside/Downside+6.9%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)$6.92 Trailing P/E Ratio3.88 Forward P/E Ratio6.45 P/E GrowthN/ANet Income$9.30 billion Net Margins8.20% Pretax Margin10.17% Return on Equity13.66% Return on Assets8.02% Debt Debt-to-Equity Ratio0.15 Current Ratio1.57 Quick Ratio0.70 Sales & Book Value Annual Sales$79.84 billion Price / Sales0.27 Cash Flow$17.19 per share Price / Cash Flow1.56 Book Value$69.69 per share Price / Book0.38Miscellaneous Outstanding Shares805,340,000Free Float804,855,000Market Cap$21.60 billion OptionableOptionable Beta1.91 Social Links Key ExecutivesAditya MittalChief Executive Officer & DirectorGenuino M. ChristinoChief Financial Officer & Executive Vice PresidentPinakin ChaubalChief Technology OfficerHenk SchefferSecretary & Group Compliance OfficerJohn L. BrettCEO-ArcelorMittal North America & Executive VPKey CompetitorsPOSCONYSE:PKXSteel DynamicsNASDAQ:STLDNucorNYSE:NUEWheaton Precious MetalsNYSE:WPMTeck ResourcesNYSE:TECKView All CompetitorsInstitutional OwnershipAmeriprise Financial Inc.Sold 928 shares on 5/22/2023Ownership: 0.003%JPMorgan Chase & Co.Bought 118,177 shares on 5/18/2023Ownership: 0.024%New York State Common Retirement FundSold 204,787 shares on 5/18/2023Ownership: 0.011%Mercer Global Advisors Inc. ADVBought 4,206 shares on 5/16/2023Ownership: 0.008%Atlas Capital Advisors LLCBought 845 shares on 5/16/2023Ownership: 0.000%View All Institutional Transactions MT Stock - Frequently Asked Questions Should I buy or sell ArcelorMittal stock right now? 6 Wall Street 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 analysts is that investors should "buy" MT shares. View MT analyst ratings or view top-rated stocks. What is ArcelorMittal's stock price forecast for 2023? 6 brokerages have issued twelve-month price targets for ArcelorMittal's shares. Their MT share price forecasts range from $20.70 to $38.00. On average, they predict the company's share price to reach $28.68 in the next year. This suggests a possible upside of 6.9% 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 on January 1st, 2023. Since then, MT stock has increased by 2.3% and is now trading at $26.82. View the best growth stocks for 2023 here. Are investors shorting ArcelorMittal? ArcelorMittal saw a increase in short interest in May. As of May 15th, there was short interest totaling 6,870,000 shares, an increase of 68.0% from the April 30th total of 4,090,000 shares. Based on an average daily volume of 2,640,000 shares, the short-interest ratio is presently 2.6 days. Currently, 0.9% of the shares of the stock 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, July 27th 2023. View our MT earnings forecast. How were ArcelorMittal's earnings last quarter? ArcelorMittal S.A. (NYSE:MT) released its quarterly earnings results on Wednesday, November, 10th. The basic materials company reported $4.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.17 by $0.01. The basic materials company earned $20.23 billion during the quarter, compared to the consensus estimate of $22.44 billion. ArcelorMittal had a trailing twelve-month return on equity of 13.66% and a net margin of 8.20%. During the same quarter last year, the firm posted ($0.15) EPS. How often does ArcelorMittal pay dividends? What is the dividend yield for ArcelorMittal? 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 yield of 1.2%. The ex-dividend date is Monday, May 22nd. 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), SPDR S&P Kensho Smart Mobility ETF (HAIL), SPDR Global Dow ETF (DGT), SPDR S&P Global Natural Resources ETF (GNR), American Century Quality Convertible Securities ETF (QCON), Dimensional International Value ETF (DFIV) and Avantis International Large Cap Value ETF (AVIV). Is ArcelorMittal a good dividend stock? ArcelorMittal (NYSE:MT) pays an annual dividend of $0.19 per share and currently has a dividend yield of 0.73%. The dividend payout ratio is 2.75%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MT will have a dividend payout ratio of 3.44% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for MT. When did ArcelorMittal's stock split? ArcelorMittal shares 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 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). What is ArcelorMittal's stock symbol? ArcelorMittal trades on the New York Stock Exchange (NYSE) under the ticker symbol "MT." Who are ArcelorMittal's major shareholders? ArcelorMittal's stock is owned by a variety of retail and institutional investors. Top institutional investors include GQG Partners LLC (0.59%), Dimensional Fund Advisors LP (0.51%), Arrowstreet Capital Limited Partnership (0.47%), Clearbridge Investments LLC (0.42%), Two Sigma Advisers LP (0.31%) and BlackRock Inc. (0.25%). 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. What is ArcelorMittal's stock price today? One share of MT stock can currently be purchased for approximately $26.82. How much money does ArcelorMittal make? ArcelorMittal (NYSE:MT) has a market capitalization of $21.60 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 $6.92 on an earnings per share basis. How many employees does ArcelorMittal have? The company employs 154,352 workers across the globe. How can I contact ArcelorMittal? 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. This page (NYSE:MT) was last updated on 6/4/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding ArcelorMittal S.A. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. 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