ArcelorMittal - MT Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ArcelorMittal in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MT shares.
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5 equities research analysts have issued 1 year target prices for ArcelorMittal's stock. 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 twelve months. This suggests that the stock has a possible downside of 0.8%.
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ArcelorMittal's stock was trading at $26.22 at the start of the year. Since then, MT shares have increased by 10.2% and is now trading at $28.90.
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ArcelorMittal saw a decline in short interest in the month of February. As of February 15th, there was short interest totaling 3,140,000 shares, a decline of 17.6% from the January 31st total of 3,810,000 shares. Based on an average daily trading volume, of 2,240,000 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.4% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
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ArcelorMittal S.A. (NYSE:MT) issued its earnings results on Wednesday, November, 10th. The basic materials company reported $4.16 earnings per share for the quarter, missing analysts' consensus estimates of $4.17 by $0.01. The basic materials company had revenue of $20.23 billion for the quarter, compared to analyst estimates of $22.44 billion. ArcelorMittal had a net margin of 11.65% and a trailing twelve-month return on equity of 19.11%. During the same quarter in the prior year, the firm earned ($0.15) earnings per share.

ArcelorMittal declared an annual dividend on Thursday, March 2nd. Shareholders of record on Monday, May 22nd 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 of this dividend is Friday, May 19th.
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), SPDR S&P Kensho Smart Mobility ETF (HAIL), SPDR Global Dow ETF (DGT), SPDR S&P Global Natural Resources ETF (GNR), Dimensional International Value ETF (DFIV), VanEck Natural Resources ETF (HAP) and Avantis International Large Cap Value ETF (AVIV).

ArcelorMittal (NYSE:MT) pays an annual dividend of $0.32 per share and currently has a dividend yield of 1.15%. The dividend payout ratio is 3.23%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MT will have a dividend payout ratio of 5.84% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MT.

Shares of ArcelorMittal 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 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.

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 many different institutional and retail investors. Top institutional shareholders include Arrowstreet Capital Limited Partnership (0.46%), Dimensional Fund Advisors LP (0.43%), Clearbridge Investments LLC (0.33%), Two Sigma Advisers LP (0.25%), Optiver Holding B.V. (0.00%) and Two Sigma Investments LP (0.19%).
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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 $28.90.

ArcelorMittal (NYSE:MT) has a market capitalization of $23.27 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 $9.92 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.