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The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
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Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
S&P 500   4,280.15
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Sinema took Wall Street money while killing tax on investors
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
Expanded IRS free-file system one step closer in Dems' bill
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Italy's Lake Garda shrinks to near-historic low amid drought
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The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
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Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
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Sinema took Wall Street money while killing tax on investors
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Italy's Lake Garda shrinks to near-historic low amid drought
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
Germans urged to cap heat in offices this winter to save gas
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Former Deutsche Bank Co-CEO Anshu Jain dies
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
NYSE:MT

ArcelorMittal - MT Stock Forecast, Price & News

$25.40
+0.01 (+0.04%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$25.06
$25.44
50-Day Range
$21.42
$33.39
52-Week Range
$20.86
$37.87
Volume
1.80 million shs
Average Volume
2.67 million shs
Market Capitalization
$23.82 billion
P/E Ratio
1.53
Dividend Yield
1.27%
Price Target
$39.35

ArcelorMittal MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.56 Rating Score
Upside/​Downside
54.9% Upside
$39.35 Price Target
Short Interest
Healthy
0.44% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.38mentions of ArcelorMittal in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-61.40%
From $12.41 to $4.79 Per Share

Overall MarketRank

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

2.64 out of 5 stars

Basic Materials Sector

31st out of 175 stocks

Blast Furnaces & Steel Mills Industry

1st out of 13 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.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. UBS Group lowered their price target on shares of ArcelorMittal from €38.00 ($38.78) to €27.00 ($27.55) in a research report on Tuesday, July 26th. Deutsche Bank Aktiengesellschaft decreased their price target on ArcelorMittal from €38.00 ($38.78) to €37.00 ($37.76) in a report on Monday, August 1st. Morgan Stanley raised their price target on ArcelorMittal from €46.00 ($46.94) to €46.10 ($47.04) and gave the company an "overweight" rating in a research report on Thursday, June 23rd. StockNews.com lowered ArcelorMittal from a "strong-buy" rating to a "buy" rating in a research note on Friday, July 29th. Finally, JPMorgan Chase & Co. raised their target price on ArcelorMittal from €30.50 ($31.12) to €31.00 ($31.63) in a report on Monday, August 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $39.35.

ArcelorMittal Trading Up 0.0 %

Shares of NYSE:MT opened at $25.40 on Friday. The company has a quick ratio of 0.68, a current ratio of 1.58 and a debt-to-equity ratio of 0.11. The stock has a market cap of $23.82 billion, a PE ratio of 1.53 and a beta of 1.95. The business has a 50 day moving average of $24.61 and a 200-day moving average of $28.72. ArcelorMittal has a 12-month low of $20.86 and a 12-month high of $37.87.

ArcelorMittal (NYSE:MT - Get Rating) last issued its quarterly earnings results on Wednesday, July 27th. The basic materials company reported $4.24 EPS for the quarter, beating analysts' consensus estimates of $4.19 by $0.05. ArcelorMittal had a net margin of 19.66% and a return on equity of 31.17%. The business had revenue of $22.14 billion for the quarter, compared to analysts' expectations of $21.75 billion. During the same quarter in the prior year, the firm posted $3.46 earnings per share. The business's quarterly revenue was up 14.5% compared to the same quarter last year. As a group, equities research analysts forecast that ArcelorMittal will post 12.41 earnings per share for the current year.

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MT Stock News Headlines

ArcelorMittal (NYSE:MT) PT Lowered to €37.00
ArcelorMittal (NYSE:MT) Rating Lowered to Buy at StockNews.com
Recap: ArcelorMittal Q2 Earnings - Benzinga
ArcelorMittal (NYSE:MT) PT Lowered to €27.00
ArcelorMittal (MT) to Release Quarterly Earnings on Thursday
Analysts Set ArcelorMittal S.A. (NYSE:MT) PT at $44.02
See More Headlines
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MT Company Calendar

Ex-Dividend for 6/10 Dividend
5/13/2022
Dividend Payable
6/10/2022
Last Earnings
7/27/2022
Today
8/14/2022
Next Earnings (Estimated)
11/10/2022
Fiscal Year End
12/31/2022

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
$39.35
High Stock Price Forecast
$50.00
Low Stock Price Forecast
$27.00
Forecasted Upside/Downside
+54.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.56
Research Coverage
9 Analysts

Profitability

Net Income
$14.96 billion
Pretax Margin
23.69%

Debt

Sales & Book Value

Annual Sales
$76.57 billion
Cash Flow
$18.54 per share
Book Value
$60.19 per share

Miscellaneous

Free Float
937,247,000
Market Cap
$23.82 billion
Optionable
Optionable
Beta
1.95

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
  • Mr. Bart Wille (Age 60)
    Exec. VP & 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?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ArcelorMittal in the last year. There are currently 1 sell rating, 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MT shares.
View MT analyst ratings
or view top-rated stocks.

What is ArcelorMittal's stock price forecast for 2022?

9 analysts have issued twelve-month target prices for ArcelorMittal's stock. Their MT share price forecasts range from $27.00 to $50.00. On average, they expect the company's stock price to reach $39.35 in the next twelve months. This suggests a possible upside of 54.9% 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 2022?

ArcelorMittal's stock was trading at $31.83 at the start of the year. Since then, MT shares have decreased by 20.2% and is now trading at $25.40.
View the best growth stocks for 2022 here
.

Are investors shorting ArcelorMittal?

ArcelorMittal saw a decrease in short interest in July. As of July 31st, there was short interest totaling 3,510,000 shares, a decrease of 34.6% from the July 15th total of 5,370,000 shares. Based on an average daily volume of 3,580,000 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.4% of the shares of the company are short sold.
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, November 10th 2022.
View our MT earnings forecast
.

How were ArcelorMittal's earnings last quarter?

ArcelorMittal S.A. (NYSE:MT) posted its quarterly earnings results on Wednesday, July, 27th. The basic materials company reported $4.24 EPS for the quarter, topping the consensus estimate of $4.19 by $0.05. The basic materials company had revenue of $22.14 billion for the quarter, compared to analysts' expectations of $21.75 billion. ArcelorMittal had a trailing twelve-month return on equity of 31.17% and a net margin of 19.66%. The company's revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.46 earnings per share.

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

ArcelorMittal announced an annual dividend on Wednesday, February 16th. Shareholders 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 of this dividend is Friday, May 13th. This is a boost 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 1.27%. The dividend payout ratio is 1.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MT will have a dividend payout ratio of 6.68% 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's stock 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 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.

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 retail and institutional investors. Top institutional investors include FMR LLC (0.74%), Clearbridge Investments LLC (0.33%), Bank of Montreal Can (0.22%), Optiver Holding B.V. (0.00%), Twin Tree Management LP (0.00%) and Connectus Wealth LLC (0.08%).
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 $25.40.

How much money does ArcelorMittal make?

ArcelorMittal (NYSE:MT) has a market capitalization of $23.82 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 $16.59 on an earnings per share basis.

How many employees does ArcelorMittal have?

The company employs 157,909 workers across the globe.

When was ArcelorMittal founded?

ArcelorMittal was founded in 2006.

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 8/14/2022 by MarketBeat.com Staff

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