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NYSE:MT

ArcelorMittal (MT) Stock Forecast, Price & News

$24.22
-0.18 (-0.74%)
(As of 09/26/2023 ET)
Compare
Today's Range
$24.15
$24.50
50-Day Range
$24.40
$28.87
52-Week Range
$19.25
$32.49
Volume
1.23 million shs
Average Volume
2.26 million shs
Market Capitalization
$19.50 billion
P/E Ratio
4.96
Dividend Yield
0.78%
Price Target
$26.34

ArcelorMittal MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
8.8% Upside
$26.34 Price Target
Short Interest
Healthy
0.33% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.91mentions of ArcelorMittal in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-12.26%
From $5.22 to $4.58 Per Share

Overall MarketRank

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

1.97 out of 5 stars

Basic Materials Sector

115th out of 160 stocks

Blast Furnaces & Steel Mills Industry

10th out of 12 stocks


MT stock logo

About ArcelorMittal (NYSE:MT) Stock

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 Price History

MT Stock News Headlines

U.S. drive to onshore battery supply chains could create big winners in lithium
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
EU to launch first phase of world-first CO2 border tax
U.S. drive to onshore battery supply chains could create big winners in lithium
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
Why ArcelorMittal (MT) Stock Is Falling Today
Report: ArcelorMittal considers bid for U.S. Steel
ArcelorMittal weighs possible bid for US Steel
ARRD.BE - ArcelorMittal SA
See More Headlines
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MT Company Calendar

Last Earnings
7/26/2023
Today
9/26/2023
Next Earnings (Estimated)
11/09/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Blast furnaces & steel mills
Sub-Industry
N/A
Employees
154,352
Year Founded
2006

Price Target and Rating

Average Stock Price Forecast
$26.34
High Stock Price Forecast
$33.00
Low Stock Price Forecast
$20.70
Forecasted Upside/Downside
+8.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
6 Analysts

Profitability

Net Income
$9.30 billion
Pretax Margin
6.97%

Debt

Sales & Book Value

Annual Sales
$79.84 billion
Cash Flow
$16.12 per share
Book Value
$69.03 per share

Miscellaneous

Free Float
804,855,000
Market Cap
$19.60 billion
Optionable
Optionable
Beta
1.91

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Key Executives

  • Mr. Lakshmi Nivas Mittal B.Com. (Age 73)
    Exec. Chairman
    Comp: $4.65M
  • Mr. Aditya Mittal (Age 46)
    CEO & Director
    Comp: $5.21M
  • Mr. Genuino Jose Magalhaes Christino (Age 51)
    Exec. VP & CFO
  • Mr. Daniel Fairclough
    Head of Investor Relations & VP of Corp. Fin.
  • Mr. Henk Scheffer (Age 60)
    Group Compliance, Data Protection Officer & Company Sec.
  • Ms. Nicola Davidson
    VP and Head of Corp. Communications & Corp. Responsibility
  • Ms. Stephanie Werner-Dietz (Age 51)
    Exec. 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 R&D
  • Mr. Vijay Krishna Goyal (Age 51)
    Exec. VP & CEO of ArcelorMittal CIS













MT Stock - Frequently Asked Questions

Should I buy or sell ArcelorMittal stock right now?

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

What is ArcelorMittal's stock price forecast for 2023?

6 Wall Street research analysts have issued 1-year price targets for ArcelorMittal's shares. Their MT share price forecasts range from $20.70 to $33.00. On average, they predict the company's share price to reach $26.34 in the next twelve months. This suggests a possible upside of 8.2% 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 shares have decreased by 7.2% and is now trading at $24.34.
View the best growth stocks for 2023 here
.

When is ArcelorMittal's next earnings date?

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

How were ArcelorMittal's earnings last quarter?

ArcelorMittal S.A. (NYSE:MT) released its earnings results on Wednesday, July, 26th. The basic materials company reported $2.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.81 by $0.39. The basic materials company earned $18.61 billion during the quarter, compared to analyst estimates of $17.41 billion. ArcelorMittal had a trailing twelve-month return on equity of 9.88% and a net margin of 5.77%. ArcelorMittal's revenue for the quarter was down 16.0% compared to the same quarter last year. During the same period in the prior year, the business earned $4.24 earnings per share.

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

ArcelorMittal declared an annual dividend on Thursday, March 2nd. Shareholders of record on Tuesday, May 23rd will be paid 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).

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 0.76%. 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.

When did ArcelorMittal's stock split?

ArcelorMittal shares reverse split 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.

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 shareholders include Dimensional Fund Advisors LP (0.48%), BlackRock Inc. (0.38%), Clearbridge Investments LLC (0.34%), Bank of Montreal Can (0.28%), Marshall Wace LLP (0.22%) and Renaissance Technologies LLC (0.19%).
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 $24.34.

How much money does ArcelorMittal make?

ArcelorMittal (NYSE:MT) has a market capitalization of $19.60 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 $4.88 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 9/26/2023 by MarketBeat.com Staff

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