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NYSE:MT

ArcelorMittal - MT Stock Forecast, Price & News

$31.32
-0.60 (-1.88%)
(As of 01/30/2023 12:00 AM ET)
Add
Compare
Today's Range
$31.29
$31.71
50-Day Range
$25.35
$32.25
52-Week Range
$19.25
$34.59
Volume
1.83 million shs
Average Volume
2.30 million shs
Market Capitalization
$29.37 billion
P/E Ratio
2.31
Dividend Yield
1.01%
Price Target
$32.94

ArcelorMittal MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
5.2% Upside
$32.94 Price Target
Short Interest
Healthy
0.43% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.60mentions of ArcelorMittal in the last 14 days
Based on 12 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-77.33%
From $10.28 to $2.33 Per Share

Overall MarketRank

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

1.93 out of 5 stars

Basic Materials Sector

108th out of 160 stocks

Blast Furnaces & Steel Mills Industry

8th out of 14 stocks


MT stock logo

About ArcelorMittal (NYSE:MT) Stock

ArcelorMittal SA is a holding company, which engages in steelmaking and mining activities. It operates through the following business segments: NAFTA; Brazil; Europe; Africa and Commonwealth of Independent States (ACIS), Mining, and Others. The NAFTA segment consists of flat products such as slabs, hot-rolled coil, cold-rolled coil, coated steel, and plate. The Brazil segment covers wire rod, bar and rebars, billets, blooms, and wire drawing. The Europe segment offers hot-rolled coil, cold-rolled coil, coated products, tinplate, plate, and slab. The ACIS segment produces a combination of flat, long, and tubular products. The Mining segment focuses on steel operations. The company was founded by Lakshmi Niwas Mittal in 1976 and is headquartered in Luxembourg.

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MT Stock News Headlines

High-Dividend-Yielding BHP Sees China Driving '23 Growth (MT)
On Thursday, Mining giant BHP reported its operational review for the first half of fiscal 2023. It said China’s reopening will stabilize commodity demand.
"We need batteries. Literally everywhere."
Pretty much every technological megatrend today requires batteries. That includes EVs... 5G... AI... charging stations... and smart energy storage systems. Find out why the U.S. just added graphite to a list of super-critical minerals, calling it "essential for America's National Defense."
The Next Big Crisis Is Here
You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.
ArcelorMittal (NYSE:MT) Cut to Sell at UBS Group
ArcelorMittal (NYSE:MT) Cut to "Sell" at UBS Group
ArcelorMittal Should Rebound Post Destocking Cycle Peak
ArcelorMittal: A Tale of (at Least) Two Charts
ArcelorMittal (NYSE: MT)
Destroyed Ukrainian Energy Grids Impact Steel Production
13 Best Materials Stocks To Invest In
ArcelorMittal Nippon Steel's India Renewables Effort
ArcelorMittal Announces Pricing of Bond Issue
See More Headlines
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MT Company Calendar

Last Earnings
11/10/2022
Today
1/30/2023
Next Earnings (Confirmed)
2/09/2023
Fiscal Year End
12/31/2023

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
$32.94
High Stock Price Forecast
$50.00
Low Stock Price Forecast
$20.70
Forecasted Upside/Downside
+5.2%
Consensus Rating
Hold
Rating Score (0-4)
2.00
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
$18.21 per share
Book Value
$54.75 per share

Miscellaneous

Free Float
937,247,000
Market Cap
$29.37 billion
Optionable
Optionable
Beta
1.89

Social Links


Key Executives

  • Aditya Mittal
    Chief Executive Officer & Director
  • Genuino M. Christino
    Chief Financial Officer & Executive Vice President
  • Pinakin Chaubal
    Chief Technology Officer
  • Henk Scheffer
    Secretary & Group Compliance Officer
  • John L. Brett
    CEO-ArcelorMittal North America & Executive VP













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 2 sell ratings, 2 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 Wall Street analysts have issued 12-month target prices for ArcelorMittal's stock. Their MT share price forecasts range from $20.70 to $50.00. On average, they anticipate the company's share price to reach $32.94 in the next year. This suggests a possible upside of 4.9% 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 at the beginning of 2023. Since then, MT shares have increased by 19.8% and is now trading at $31.41.
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, February 9th 2023.
View our MT earnings forecast
.

How were ArcelorMittal's earnings last quarter?

ArcelorMittal S.A. (NYSE:MT) announced its earnings results on Thursday, November, 10th. The basic materials company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.28. The basic materials company had revenue of $18.98 billion for the quarter, compared to the consensus estimate of $17.22 billion. ArcelorMittal had a trailing twelve-month return on equity of 24.32% and a net margin of 15.62%.

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 given a dividend of $0.38 per share on Friday, June 10th. This represents a dividend yield of 1.8%. The ex-dividend date of this dividend 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 1.01%. 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 13.73% 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 many different retail and institutional investors. Top institutional shareholders include Natixis Advisors L.P. (0.00%), Ritholtz Wealth Management (0.00%), Crossmark Global Holdings Inc. (0.00%), Signaturefd LLC (0.00%), Veriti Management LLC (0.00%) and Gallacher Capital Management 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 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 $31.41.

How much money does ArcelorMittal make?

ArcelorMittal (NYSE:MT) has a market capitalization of $29.46 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 1/30/2023 by MarketBeat.com Staff