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NYSE:MT

ArcelorMittal (MT) Stock Price, News & Analysis

$25.15
+0.04 (+0.16%)
(As of 04:00 PM ET)
Today's Range
$25.04
$25.49
50-Day Range
$25.11
$28.91
52-Week Range
$21.30
$29.56
Volume
2.76 million shs
Average Volume
1.58 million shs
Market Capitalization
$20.25 billion
P/E Ratio
25.15
Dividend Yield
1.47%
Price Target
$31.00

ArcelorMittal MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
23.6% Upside
$31.00 Price Target
Short Interest
Healthy
0.73% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.47mentions of ArcelorMittal in the last 14 days
Based on 9 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
24.49%
From $4.37 to $5.44 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.68 out of 5 stars

Basic Materials Sector

52nd out of 171 stocks

Blast Furnaces & Steel Mills Industry

3rd out of 11 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 United States, Europe, and internationally. 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 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, Liberia, Mexico, South Africa, and Ukraine. ArcelorMittal S.A. was founded in 1976 and is headquartered in Luxembourg City, Luxembourg.

MT Stock Price History

MT Stock News Headlines

ArcelorMittal S.A. (MT)
ArcelorMittal (NYSE:MT) Shares Gap Down to $26.95
Nvidia Has a BIG Problem — Here’s Who Benefits MOST
#1 AI Stock for 2024 Revealed In "AI Town Hall" This AI company just signed a deal with NVIDIA that went unreported by the media. Find out how you can get in on what is being dubbed 'the #1 AI stock for 2024 to buy now'
ArcelorMittal SA New Reg.Shs ex-Arcelor
Nvidia Has a BIG Problem — Here’s Who Benefits MOST
#1 AI Stock for 2024 Revealed In "AI Town Hall" This AI company just signed a deal with NVIDIA that went unreported by the media. Find out how you can get in on what is being dubbed 'the #1 AI stock for 2024 to buy now'
ArcelorMittal launches ‘The Steel Works’
ArcelorMittal launches ‘The Steel Works'
Designated person notification
ArcelorMittal: Designated person notification
ECL Dec 2024 120.000 call
MT Mar 2024 25.000 put
A Great Purchase For ArcelorMittal
See More Headlines
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Company Calendar

Last Earnings
2/08/2024
Today
4/18/2024
Next Earnings (Confirmed)
5/02/2024
Ex-Dividend for 6/12 Dividend
5/16/2024
Dividend Payable
6/12/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Blast furnaces & steel mills
Sub-Industry
N/A
Employees
126,756
Year Founded
2006

Price Target and Rating

Average Stock Price Target
$31.00
High Stock Price Target
$31.00
Low Stock Price Target
$31.00
Potential Upside/Downside
+23.3%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$919 million
Pretax Margin
1.85%

Debt

Sales & Book Value

Annual Sales
$68.28 billion
Cash Flow
$9.35 per share
Book Value
$69.62 per share

Miscellaneous

Free Float
804,855,000
Market Cap
$20.25 billion
Optionable
Optionable
Beta
1.93

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Key Executives

  • Mr. Lakshmi Nivas Mittal B.Com. (Age 74)
    Executive Chairman of the Board
  • Mr. Aditya Mittal (Age 47)
    CEO & Director
  • Mr. Genuino Jose Magalhaes Christino (Age 52)
    Executive VP & CFO
  • Mr. Daniel Fairclough
    Head of Investor Relations & VP of Corporate Finance
  • Mr. Henk Scheffer (Age 61)
    Group Compliance, Data Protection Officer & Company Secretary
  • Ms. Nicola Davidson
    Vice President of Communications & Sustainable Development
  • Ms. Stephanie Werner-Dietz (Age 52)
    Executive VP & Global Head of HR
  • Mr. Augustine Kochuparampil (Age 72)
    VP & CEO of Long Products Europe
  • Dr. Gregory Ludkovsky (Age 74)
    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

Pros

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

  • ArcelorMittal recently announced the publication of its 2023 annual report, showcasing transparency and accountability to investors.
  • ArcelorMittal is the world's leading steel company with a global presence, providing stability and potential growth opportunities.
  • The company offers a diverse range of steel and mining products, catering to various industries, which can lead to revenue diversification and resilience.
  • With iron ore mining activities in multiple countries, ArcelorMittal has a diversified supply chain, reducing dependency risks.
  • Considering the current stock price and market trends, ArcelorMittal may present a value investment opportunity for those seeking undervalued stocks in the steel sector.

Cons

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

  • The steel industry is cyclical and sensitive to economic fluctuations, which can impact ArcelorMittal's financial performance and stock value.
  • Global trade tensions and tariffs on steel imports could affect ArcelorMittal's international operations and profitability.
  • Environmental regulations and sustainability concerns in the steel industry may lead to increased compliance costs for ArcelorMittal, impacting margins.
  • Volatility in commodity prices, such as iron ore and coking coal, can influence ArcelorMittal's production costs and overall profitability.
  • Market competition from other steel companies and alternative materials could pose challenges to ArcelorMittal's market share and pricing power.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, April 12, 2024. Please send any questions or comments about these ArcelorMittal pros and cons to contact@marketbeat.com.

MT Stock Analysis - Frequently Asked Questions

Should I buy or sell ArcelorMittal stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ArcelorMittal in the last twelve months. There are currently 2 hold ratings and 1 buy rating 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.

What is ArcelorMittal's stock price target for 2024?

3 Wall Street analysts have issued twelve-month price targets for ArcelorMittal's stock. Their MT share price targets range from $31.00 to $31.00. On average, they anticipate the company's share price to reach $31.00 in the next twelve months. This suggests a possible upside of 23.6% 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 2024?

ArcelorMittal's stock was trading at $28.39 at the beginning of the year. Since then, MT stock has decreased by 11.6% and is now trading at $25.09.
View the best growth stocks for 2024 here
.

Are investors shorting ArcelorMittal?

ArcelorMittal saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 5,560,000 shares, an increase of 34.0% from the February 29th total of 4,150,000 shares. Based on an average daily volume of 1,470,000 shares, the short-interest ratio is presently 3.8 days.
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, May 2nd 2024.
View our MT earnings forecast
.

How were ArcelorMittal's earnings last quarter?

ArcelorMittal S.A. (NYSE:MT) released its quarterly earnings data on Thursday, February, 8th. The basic materials company reported ($3.57) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.08) by $1.49. The basic materials company earned $14.55 billion during the quarter, compared to analysts' expectations of $16.39 billion. ArcelorMittal had a trailing twelve-month return on equity of 8.55% and a net margin of 1.35%. ArcelorMittal's quarterly revenue was down 13.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.37 EPS.

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

ArcelorMittal declared a Semi-Annual dividend on Monday, April 15th. Stockholders of record on Friday, May 17th will be given a dividend of $0.213 per share on Wednesday, June 12th. The ex-dividend date of this dividend is Thursday, May 16th.
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 1.49%. The dividend payout ratio is 37.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MT will have a dividend payout ratio of 6.80% 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?

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.

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 many different institutional and retail investors. Top institutional shareholders include Trust Co. of Toledo NA OH (0.00%) and Atlas Capital Advisors LLC (0.00%).
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:MT) was last updated on 4/18/2024 by MarketBeat.com Staff

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