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NYSE:MT

ArcelorMittal - MT Stock Forecast, Price & News

$27.00
-0.09 (-0.33%)
(As of 12/9/2022 12:00 AM ET)
Add
Compare
Today's Range
$26.94
$27.50
50-Day Range
$20.56
$27.40
52-Week Range
$19.25
$37.87
Volume
1.60 million shs
Average Volume
3.79 million shs
Market Capitalization
$25.32 billion
P/E Ratio
1.99
Dividend Yield
1.18%
Price Target
$33.24

ArcelorMittal MarketRank™ Forecast

Analyst Rating
Hold
2.17 Rating Score
Upside/​Downside
23.1% Upside
$33.24 Price Target
Short Interest
Healthy
0.58% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.11mentions of ArcelorMittal in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-70.49%
From $10.37 to $3.06 Per Share

Overall MarketRank

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

1.85 out of 5 stars

Basic Materials Sector

118th out of 163 stocks

Blast Furnaces & Steel Mills Industry

11th 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 Europe, North and South America, Asia, and Africa. Its principal steel products include 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, which includes blooms and billets; finished long products, including bars, wire-rods, structural sections, rails, sheet piles, and wire-products; and seamless and welded pipes and tubes. The company's principal mining products comprise iron ore lumps, fines, concentrates, pellets, and sinter feeds; and coking and thermal coal, and pulverized coal injections. 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.

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MT Stock News Headlines

ArcelorMittal Nippon Steel's India Renewables Effort
ArcelorMittal Announces Pricing of Bond Issue
12 Biggest Iron Ore Producers and Mines in the World
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MT Company Calendar

Last Earnings
11/10/2021
Today
12/09/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/09/2023

Industry, Sector and Symbol

Industry
Blast furnaces & steel mills
Sub-Industry
N/A
Employees
157,909
Year Founded
2006

Price Target and Rating

Average Stock Price Forecast
$33.24
High Stock Price Forecast
$50.00
Low Stock Price Forecast
$20.70
Forecasted Upside/Downside
+23.1%
Consensus Rating
Hold
Rating Score (0-4)
2.17
Research Coverage
6 Analysts

Profitability

Net Income
$14.96 billion
Pretax Margin
18.92%

Debt

Sales & Book Value

Annual Sales
$76.57 billion
Cash Flow
$18.88 per share
Book Value
$54.75 per share

Miscellaneous

Free Float
937,247,000
Market Cap
$25.32 billion
Optionable
Optionable
Beta
1.93

Social Links


Key Executives

  • Mr. Lakshmi Nivas Mittal B.Com. (Age 72)
    Exec. Chairman
    Comp: $4.67M
  • Mr. Aditya Mittal (Age 45)
    CEO & Director
    Comp: $4.22M
  • Mr. Genuino Jose Magalhaes Christino (Age 50)
    Exec. VP & CFO
  • Mr. Daniel Fairclough
    Head of Investor Relations & VP of Corp. Fin.
  • Mr. Henk Scheffer (Age 59)
    Group Compliance, Data Protection Officer & Company Sec.
  • Ms. Nicola Davidson
    VP and Head of Corp. Communications & Corp. Responsibility
  • Ms. Stephanie Werner-Dietz (Age 50)
    Exec. VP & Global Head of HR
  • Mr. Augustine Kochuparampil (Age 70)
    VP & CEO of Long Products Europe
  • Dr. Gregory Ludkovsky (Age 72)
    VP and CEO of Global R&D
  • Mr. Vijay Krishna Goyal (Age 50)
    Exec. VP & CEO of ArcelorMittal CIS













MT Stock - Frequently Asked Questions

Should I buy or sell ArcelorMittal stock right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ArcelorMittal in the last year. There are currently 1 sell rating, 3 hold ratings and 2 buy ratings 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 forecast for 2023?

6 analysts have issued twelve-month price objectives for ArcelorMittal's stock. Their MT share price forecasts range from $20.70 to $50.00. On average, they predict the company's stock price to reach $33.24 in the next year. This suggests a possible upside of 23.1% 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 2022?

ArcelorMittal's stock was trading at $31.83 at the beginning of 2022. Since then, MT stock has decreased by 15.2% and is now trading at $27.00.
View the best growth stocks for 2022 here
.

Are investors shorting ArcelorMittal?

ArcelorMittal saw a drop in short interest in 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 presently 1.6 days. Currently, 0.6% of the shares of the company are sold short.
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, February 9th 2023.
View our MT earnings forecast
.

How were ArcelorMittal's earnings last quarter?

ArcelorMittal S.A. (NYSE:MT) posted its quarterly earnings results on Wednesday, November, 10th. The basic materials company reported $4.16 earnings per share 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 analyst estimates 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 last year, the company earned ($0.15) earnings per share.

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

ArcelorMittal declared an annual dividend on Wednesday, February 16th. Stockholders of record on Monday, May 16th will be paid a dividend of $0.38 per share on Friday, June 10th. This represents a 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
.

Is ArcelorMittal a good dividend stock?

ArcelorMittal (NYSE:MT) pays an annual dividend of $0.32 per share and currently has a dividend yield of 1.18%. 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.

When did ArcelorMittal's stock split?

Shares of ArcelorMittal 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 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 institutional and retail investors. Top institutional shareholders 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%).
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 $27.00.

How much money does ArcelorMittal make?

ArcelorMittal (NYSE:MT) has a market capitalization of $25.32 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.

How many employees does ArcelorMittal have?

The company employs 157,909 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 12/9/2022 by MarketBeat.com Staff