ArcelorMittal - MT Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ArcelorMittal in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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.

6 Wall Street research analysts have issued 12 month price objectives for ArcelorMittal's shares. Their MT share price forecasts range from $20.70 to $50.00. On average, they predict the company's share price to reach $33.24 in the next year. This suggests a possible upside of 27.8% from the stock's current price.
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ArcelorMittal's stock was trading at $31.83 at the start of the year. Since then, MT shares have decreased by 18.3% and is now trading at $26.01.
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ArcelorMittal saw a drop in short interest during the month of October. As of October 31st, there was short interest totaling 4,640,000 shares, a drop of 20.4% from the October 15th total of 5,830,000 shares. Based on an average daily trading volume, of 2,910,000 shares, the days-to-cover ratio is currently 1.6 days. Approximately 0.6% of the company's stock are short sold.
View ArcelorMittal's Short Interest.

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

ArcelorMittal S.A. (NYSE:MT) issued its quarterly earnings data 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 net margin of 15.62% and a trailing twelve-month return on equity of 24.32%. During the same period in the prior year, the business earned ($0.15) EPS.

ArcelorMittal declared an annual dividend on Wednesday, February 16th. Investors of record on Monday, May 16th will be given a dividend of $0.38 per share on Friday, June 10th. This represents a dividend yield of 1.8%. The ex-dividend date is Friday, May 13th. This is a positive change from the stock's previous annual dividend of $0.30.
Read our dividend analysis for MT.

ArcelorMittal (NYSE:MT) pays an annual dividend of $0.32 per share and currently has a dividend yield of 1.21%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 2.36%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MT will have a dividend payout ratio of 10.46% 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."

ArcelorMittal's stock is owned by a variety of institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (0.45%), Two Sigma Investments LP (0.26%), Optiver Holding B.V. (0.00%), Two Sigma Advisers LP (0.22%), BlackRock Inc. (0.21%) and Credit Suisse AG (0.12%).
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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 $26.01.

ArcelorMittal (NYSE:MT) has a market capitalization of $24.39 billion and generates $76.57 billion in revenue each year. The basic materials company earns $14.96 billion in net income (profit) each year or $13.54 on an earnings per share basis.

The company employs 157,909 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.