NYSE:MTArcelorMittal Stock Price, Forecast & News

$11.59

+0.24 (+2.11 %)

(As of 06/5/2020 04:00 PM ET)

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Today's Range

$11.47

Now: $11.59▼

$11.94

50-Day Range

$7.97

MA: $9.79▼

$11.77

52-Week Range

$6.64

Now: $11.59▼

$18.89

Volume9.89 million shs

Average Volume4.92 million shs

Market Capitalization$11.73 billion

P/E RatioN/A

Dividend Yield1.50%

Beta2.09

ArcelorMittal, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia, and Africa. It operates through five segments: NAFTA, Brazil, Europe, ACIS, and Mining. The company produces finished and semi-finished steel products with various specifications. Its principal steel products include semi-finished flat products; finished flat products comprising plates, hot- and cold-rolled coils and sheets, hot-dipped and electro-galvanized coils and sheets, and tinplate and color coated coils and sheets; semi-finished long products, such as 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 provides its steel products to the automotive, appliance, engineering, construction, energy, and machinery industries. The company sells its products through a centralized marketing organization to customers in approximately 160 countries, as well as distributors and processors. It has iron ore mining activities in Brazil, Bosnia, Canada, Kazakhstan, Liberia, Mexico, Ukraine, and the United States; and coal mining activities in Kazakhstan and the United States. The company was founded in 1976 and is headquartered in Luxembourg City, Luxembourg.

Beat the Market (BTM) Rank^™

4.3 Analyst's Opinion

Consensus Rating
ArcelorMittal has received a consensus rating of Buy. The company's average rating score is 2.60, and is based on 7 buy ratings, 2 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $17.75, ArcelorMittal has a potential upside of 53.1% from its current price of $11.59.
Amount of Analyst Coverage
ArcelorMittal has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.3 Community Rank

Outperform Votes
ArcelorMittal has received 738 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
ArcelorMittal has received 888 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
ArcelorMittal has received 54.61% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about ArcelorMittal and other stocks. Vote “Outperform” if you believe MT will outperform the S&P 500 over the long term. Vote “Underperform” if you believe MT will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Leadership
ArcelorMittal is a leading dividend payer. It pays a dividend yield of 1.50%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
ArcelorMittal has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of ArcelorMittal is 56.67 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, ArcelorMittal will have a dividend payout ratio of 14.17 % next year. This indicates that ArcelorMittal will be able to sustain or increase its dividend.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, ArcelorMittal insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.06% of the stock of ArcelorMittal is held by insiders.
Percentage Held by Institutions
Only 3.13% of the stock of ArcelorMittal is held by institutions.

1.3 Earnings and Valuation

Earnings Growth
Earnings for ArcelorMittal are expected to grow in the coming year, from ($1.68) to $1.20 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of ArcelorMittal is -2.94, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of ArcelorMittal is -2.94, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
ArcelorMittal has a P/B Ratio of 0.29. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.24 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Blast furnaces & steel mills

Sub-IndustryN/A

SectorBasic Materials

Current SymbolNYSE:MT

Previous Symbol

CUSIPN/A

CIK1243429

Webwww.arcelormittal.com

Phone352-4792-2151

Debt

Debt-to-Equity Ratio0.30

Current Ratio1.25

Quick Ratio0.50

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$70.62 billion

Price / Sales0.17

Cash Flow$3.49 per share

Price / Cash Flow3.32

Book Value$40.00 per share

Price / Book0.29

Profitability

EPS (Most Recent Fiscal Year)$0.30

Net Income$-2,454,000,000.00

Net Margins-6.02%

Return on Equity-2.12%

Return on Assets-0.99%

Miscellaneous

Employees191,248

Outstanding Shares1,012,079,000

Market Cap$11.73 billion

Next Earnings Date8/6/2020 (Estimated)

OptionableOptionable

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ArcelorMittal (NYSE:MT) Frequently Asked Questions

How has ArcelorMittal's stock been impacted by COVID-19 (Coronavirus)?

ArcelorMittal's stock was trading at $10.20 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, MT stock has increased by 13.6% and is now trading at $11.59. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of ArcelorMittal?

10 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 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for ArcelorMittal.

When is ArcelorMittal's next earnings date?

ArcelorMittal is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for ArcelorMittal.

How were ArcelorMittal's earnings last quarter?

ArcelorMittal SA (NYSE:MT) announced its quarterly earnings results on Thursday, May, 7th. The basic materials company reported ($0.56) EPS for the quarter, missing analysts' consensus estimates of $0.05 by $0.61. The basic materials company earned $14.84 billion during the quarter, compared to analysts' expectations of $15.75 billion. ArcelorMittal had a negative net margin of 6.02% and a negative return on equity of 2.12%. The business's quarterly revenue was down 22.6% on a year-over-year basis. During the same period last year, the business earned $0.52 earnings per share. View ArcelorMittal's earnings history.

When did ArcelorMittal's stock split? How did ArcelorMittal's stock split work?

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 closing bell on Friday, May 19th 2017. An investor that had 100 shares of ArcelorMittal stock prior to the reverse split would have 33 shares after the split.

What price target have analysts set for MT?

10 brokerages have issued 12 month price objectives for ArcelorMittal's stock. Their forecasts range from $11.00 to $29.00. On average, they anticipate ArcelorMittal's stock price to reach $17.75 in the next year. This suggests a possible upside of 53.1% from the stock's current price. View analysts' price targets for ArcelorMittal.

Has ArcelorMittal been receiving favorable news coverage?

News headlines about MT stock have trended somewhat positive recently, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. ArcelorMittal earned a coverage optimism score of 0.8 on InfoTrie's scale. They also assigned news headlines about the basic materials company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the next several days. View the latest news aboutArcelorMittal.

Are investors shorting ArcelorMittal?

ArcelorMittal saw a increase in short interest in May. As of May 15th, there was short interest totaling 16,110,000 shares, an increase of 8.1% from the April 30th total of 14,900,000 shares. Based on an average daily volume of 4,490,000 shares, the days-to-cover ratio is presently 3.6 days. Currently, 1.6% of the company's stock are short sold. View ArcelorMittal's Current Options Chain.

Who are some of ArcelorMittal's key competitors?

Some companies that are related to ArcelorMittal include SUMITOMO CORP/S (SSUMY), POSCO (PKX), Nucor (NUE), Tenaris (TS), Steel Dynamics (STLD), Ternium (TX), APERAM/SH N Y REGISTRY SH (APEMY), Commercial Metals (CMC), United States Steel (X), Carpenter Technology (CRS), USINAS SIDERURG/S (USNZY), AK Steel (AKS), Mechel PAO (MTL), SunCoke Energy (SXC) and Timkensteel (TMST). View all competitors.

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), Canopy Growth (CGC), Ford Motor (F), Micron Technology (MU), Bank of America (BAC), Energy Transfer LP Unit (ET), General Electric (GE), Cisco Systems (CSCO), Advanced Micro Devices (AMD) and Intel (INTC).

Who are ArcelorMittal's key executives?

ArcelorMittal's management team includes the following people:

Mr. Lakshmi Nivas Mittal B.Com., Chairman & CEO (Age 69)
Mr. Aditya Mittal, Pres & Group CFO (Age 42)
Mr. Daniel Fairclough, Head of Investor Relations & VP of Corp. Fin.
David Clarke, CTO, Head of Corp. Strategy & VP (Age 54)
Paul Weigh, Head of Media Relations

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 number of retail and institutional investors. Top institutional shareholders include Luminus Management LLC (0.27%), Parametric Portfolio Associates LLC (0.09%), Connor Clark & Lunn Investment Management Ltd. (0.09%), Two Sigma Investments LP (0.08%), Balyasny Asset Management LLC (0.07%) and Wellington Management Group LLP (0.04%).

Which major investors are selling ArcelorMittal stock?

MT stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Morgan Stanley, JPMorgan Chase & Co., Aperio Group LLC, Two Sigma Securities LLC, CoreCommodity Management LLC, FNY Investment Advisers LLC, and Parametric Portfolio Associates LLC.

Which major investors are buying ArcelorMittal stock?

MT stock was purchased by a variety of institutional investors in the last quarter, including Connor Clark & Lunn Investment Management Ltd., Luminus Management LLC, Two Sigma Advisers LP, Wellington Management Group LLP, Two Sigma Investments LP, BNP Paribas Arbitrage SA, UBS Group AG, and Mercer Global Advisors Inc. ADV.

How do I buy shares of ArcelorMittal?

Shares of MT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is ArcelorMittal's stock price today?

One share of MT stock can currently be purchased for approximately $11.59.

How big of a company is ArcelorMittal?

ArcelorMittal has a market capitalization of $11.73 billion and generates $70.62 billion in revenue each year. The basic materials company earns $-2,454,000,000.00 in net income (profit) each year or $0.30 on an earnings per share basis. ArcelorMittal employs 191,248 workers across the globe.

What is ArcelorMittal's official website?

The official website for ArcelorMittal is www.arcelormittal.com.

How can I contact ArcelorMittal?

ArcelorMittal's mailing address is 24-26 Boulevard d'Avranches, Luxembourg N4, 1160. The basic materials company can be reached via phone at 352-4792-2151 or via email at [email protected]m.

This page was last updated on 6/5/2020 by MarketBeat.com Staff