ArcelorMittal - MT Stock Forecast, Price & News

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.
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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.
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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.
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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.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 10th 2022.
View our MT earnings forecast.

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.

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.

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.

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.

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 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%).
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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 $25.40.

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.

The company employs 157,909 workers across the globe.

ArcelorMittal was founded in 2006.

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.