NYSE:MT ArcelorMittal - MT Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding ArcelorMittal S.A. Please log in to your account or sign up in order to add this asset to your watchlist. $29.44 +0.54 (+1.87%) (As of 03/29/2023 10:57 AM ET) Add Compare Share Share Today's Range$29.39▼$29.7050-Day Range$26.45▼$32.3952-Week Range$19.25▼$33.90Volume1.55 million shsAverage Volume2.64 million shsMarket Capitalization$23.71 billionP/E Ratio2.97Dividend Yield1.09%Price Target$28.68 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media ArcelorMittal MarketRank™ ForecastAnalyst RatingModerate Buy2.80 Rating ScoreUpside/Downside2.9% Downside$28.68 Price TargetShort InterestHealthy0.32% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.24Based on 9 Articles This WeekInsider TradingN/AProj. Earnings Growth55.68%From $3.52 to $5.48 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.39 out of 5 starsBasic Materials Sector67th out of 162 stocksBlast Furnaces & Steel Mills Industry5th out of 14 stocks 1.4 Analyst's Opinion Consensus RatingArcelorMittal has received a consensus rating of Buy. The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $28.68, ArcelorMittal has a forecasted downside of 2.9% from its current price of $29.52.Amount of Analyst CoverageArcelorMittal has only been the subject of 3 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted0.32% of the float of ArcelorMittal has been sold short.Short Interest Ratio / Days to CoverArcelorMittal has a short interest ratio ("days to cover") of 1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in ArcelorMittal has recently decreased by 15.03%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend YieldArcelorMittal pays a meaningful dividend of 1.15%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthArcelorMittal does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of ArcelorMittal is 3.23%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, ArcelorMittal will have a dividend payout ratio of 5.84% next year. This indicates that ArcelorMittal will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for MT. Previous Next 2.4 News and Social Media Coverage News SentimentArcelorMittal has a news sentiment score of 0.24. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Basic Materials companies.News Coverage This WeekMarketBeat has tracked 9 news articles for ArcelorMittal this week, compared to 4 articles on an average week.Search InterestOnly 8 people have searched for MT on MarketBeat in the last 30 days. This is a decrease of -27% compared to the previous 30 days.MarketBeat Follows6 people have added ArcelorMittal to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, ArcelorMittal insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.06% of the stock of ArcelorMittal is held by insiders.Percentage Held by InstitutionsOnly 5.40% of the stock of ArcelorMittal is held by institutions. Previous Next 3.8 Earnings and Valuation Earnings GrowthEarnings for ArcelorMittal are expected to grow by 55.68% in the coming year, from $3.52 to $5.48 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of ArcelorMittal is 2.98, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.81.Price to Earnings Ratio vs. SectorThe P/E ratio of ArcelorMittal is 2.98, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 82.40.Price to Book Value per Share RatioArcelorMittal has a P/B Ratio of 0.43. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About ArcelorMittal (NYSE:MT) StockArcelorMittal 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.Read More Receive MT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for ArcelorMittal and its competitors with MarketBeat's FREE daily newsletter. Email Address MT Stock News HeadlinesMarch 28, 2023 | americanbankingnews.comBrokerages Set ArcelorMittal S.A. (NYSE:MT) Price Target at $31.33March 26, 2023 | americanbankingnews.comArcelorMittal (NYSE:MT) Upgraded at Bank of AmericaMarch 29, 2023 | Press Research (Ad)Nevada Could be the Source for America's Green FutureIndustry shift towards lithium driven by green energy goalsMarch 24, 2023 | msn.comArcelorMittal halts blast furnace at Asturias plant after fireMarch 24, 2023 | markets.businessinsider.comPositive Report for ArcelorMittal (MT) from Bank of America SecuritiesMarch 24, 2023 | msn.comArcelorMittal upgraded to Buy at BoA on compelling valuationMarch 13, 2023 | finance.yahoo.comArcelorMittal (MT) Acquires Brazil-based Slab Producer CSPMarch 13, 2023 | finance.yahoo.comArcelorMittal S.A.: ArcelorMittal becomes an Official Partner of the Paris 2024 Olympic and Paralympic GamesMarch 29, 2023 | Press Research (Ad)Nevada Could be the Source for America's Green FutureIndustry shift towards lithium driven by green energy goalsMarch 9, 2023 | finance.yahoo.comArcelorMittal completes acquisition of CSP in BrazilMarch 8, 2023 | finance.yahoo.comArcelorMittal S.A.: ArcelorMittal publishes its Annual Report 2022 on Form 20-FMarch 8, 2023 | finance.yahoo.comArcelorMittal S.A.: ArcelorMittal announces the publication of its 2022 annual reportMarch 7, 2023 | msn.comArcelorMittal (MT) Declares $0.22 DividendFebruary 27, 2023 | finance.yahoo.comINSIGHT-Ukraine's economy stabilizes after shock of warFebruary 19, 2023 | finance.yahoo.comNew Forecasts: Here's What One Analyst Thinks The Future Holds For ArcelorMittal South Africa Ltd (JSE:ACL)February 17, 2023 | finance.yahoo.comSteelmakers Increase Production Amidst Rising Prices And DemandFebruary 16, 2023 | finance.yahoo.comInvestors Aren't Buying ArcelorMittal South Africa Ltd's (JSE:ACL) EarningsFebruary 11, 2023 | finance.yahoo.comArcelorMittal S.A. (NYSE:MT) Q4 2022 Earnings Call TranscriptFebruary 9, 2023 | finance.yahoo.comUPDATE 1-ArcelorMittal expects to increase steel shipments by 5% in 2023February 9, 2023 | finance.yahoo.comArcelorMittal reports worse-than-forecast profit slump on impairment charges, lower volumeFebruary 9, 2023 | finance.yahoo.comArcelorMittal Warns on Steel Demand as China Seen FlatliningFebruary 9, 2023 | finance.yahoo.comEU should simplify approvals for green investments, says steel executiveJanuary 27, 2023 | finance.yahoo.comArcelorMittal announces the publication of its fourth quarter 2022 sell-side analyst consensus figuresJanuary 27, 2023 | finance.yahoo.comArcelorMittal S.A.: ArcelorMittal invests $36 million in steel decarbonisation disruptor Boston MetalJanuary 27, 2023 | finance.yahoo.comArcelorMittal leads $120 mln funding for green steel tech firmJanuary 27, 2023 | finance.yahoo.comArcelorMittal leads $120 million funding for green steel tech firmJanuary 26, 2023 | finance.yahoo.comCalculating The Intrinsic Value Of ArcelorMittal S.A. (AMS:MT)See More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive MT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for ArcelorMittal and its competitors with MarketBeat's FREE daily newsletter. Email Address MT Company Calendar Last Earnings11/10/2021Today3/29/2023Next Earnings (Estimated)5/04/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Blast furnaces & steel mills Sub-IndustryN/A SectorBasic Materials Current SymbolNYSE:MT CUSIPN/A CIK1243429 Webwww.arcelormittal.com Phone35247921Fax352-4792-2235Employees154,352Year Founded2006Price Target and Rating Average Stock Price Forecast$28.68 High Stock Price Forecast$38.00 Low Stock Price Forecast$20.70 Forecasted Upside/Downside-0.8%Consensus RatingHold Rating Score (0-4)2.40 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)$9.92 Trailing P/E Ratio2.91 Forward P/E Ratio8.21 P/E GrowthN/ANet Income$9.30 billion Net Margins11.65% Pretax Margin14.10% Return on Equity19.11% Return on Assets11.16% Debt Debt-to-Equity Ratio0.16 Current Ratio1.66 Quick Ratio0.76 Sales & Book Value Annual Sales$79.84 billion Price / Sales0.29 Cash Flow$16.90 per share Price / Cash Flow1.71 Book Value$69.03 per share Price / Book0.42Miscellaneous Outstanding Shares805,340,000Free Float804,855,000Market Cap$23.27 billion OptionableOptionable Beta1.91 Social Links Key ExecutivesAditya MittalChief Executive Officer & DirectorGenuino M. ChristinoChief Financial Officer & Executive Vice PresidentPinakin ChaubalChief Technology OfficerHenk SchefferSecretary & Group Compliance OfficerJohn L. BrettCEO-ArcelorMittal North America & Executive VPKey CompetitorsPOSCONYSE:PKXSteel DynamicsNASDAQ:STLDTerniumNYSE:TXNucorNYSE:NUEUnited States SteelNYSE:XView All CompetitorsInstitutional OwnershipOLD Mission Capital LLCSold 464,352 shares on 3/6/2023Ownership: 0.013%Rockefeller Capital Management L.P.Sold 581 shares on 3/6/2023Ownership: 0.001%Parallax Volatility Advisers L.P.Bought 153,700 shares on 2/27/2023Ownership: 0.000%Truist Financial CorpSold 1,283 shares on 2/17/2023Ownership: 0.002%Covenant Partners LLCSold 2,816 shares on 2/17/2023Ownership: 0.001%View All Institutional Transactions MT Stock - Frequently Asked Questions Should I buy or sell ArcelorMittal stock right now? 5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ArcelorMittal in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street equities research 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 2023? 5 equities research analysts have issued 1 year target prices for ArcelorMittal's stock. Their MT share price forecasts range from $20.70 to $38.00. On average, they predict the company's share price to reach $28.68 in the next twelve months. This suggests that the stock has a possible downside of 0.8%. 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 start of the year. Since then, MT shares have increased by 10.2% and is now trading at $28.90. View the best growth stocks for 2023 here. Are investors shorting ArcelorMittal? ArcelorMittal saw a decline in short interest in the month of February. As of February 15th, there was short interest totaling 3,140,000 shares, a decline of 17.6% from the January 31st total of 3,810,000 shares. Based on an average daily trading volume, of 2,240,000 shares, the days-to-cover ratio is currently 1.4 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, May 4th 2023. View our MT earnings forecast. How were ArcelorMittal's earnings last quarter? ArcelorMittal S.A. (NYSE:MT) issued its earnings results on Wednesday, November, 10th. The basic materials company reported $4.16 earnings per share for the quarter, missing analysts' consensus estimates of $4.17 by $0.01. The basic materials company had revenue of $20.23 billion for the quarter, compared to analyst estimates of $22.44 billion. ArcelorMittal had a net margin of 11.65% and a trailing twelve-month return on equity of 19.11%. During the same quarter in the prior year, the firm 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 Thursday, March 2nd. Shareholders of record on Monday, May 22nd will be given a dividend of $0.38 per share on Thursday, June 15th. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, May 19th. Read our dividend analysis for MT. What ETFs hold ArcelorMittal's stock? ETFs with the largest weight of ArcelorMittal (NYSE:MT) stock in their portfolio include VanEck Steel ETF (SLX), Amplify International Enhanced Dividend Income ETF (IDVO), SPDR S&P Kensho Smart Mobility ETF (HAIL), SPDR Global Dow ETF (DGT), SPDR S&P Global Natural Resources ETF (GNR), Dimensional International Value ETF (DFIV), VanEck Natural Resources ETF (HAP) and Avantis International Large Cap Value ETF (AVIV). 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 1.15%. The dividend payout ratio is 3.23%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MT will have a dividend payout ratio of 5.84% 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 before market open 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 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 many different institutional and retail investors. Top institutional shareholders include Arrowstreet Capital Limited Partnership (0.46%), Dimensional Fund Advisors LP (0.43%), Clearbridge Investments LLC (0.33%), Two Sigma Advisers LP (0.25%), Optiver Holding B.V. (0.00%) and Two Sigma Investments LP (0.19%). 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 $28.90. How much money does ArcelorMittal make? ArcelorMittal (NYSE:MT) has a market capitalization of $23.27 billion and generates $79.84 billion in revenue each year. The basic materials company earns $9.30 billion in net income (profit) each year or $9.92 on an earnings per share basis. How many employees does ArcelorMittal have? The company employs 154,352 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 3/29/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. 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