ArcelorMittal - MT Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ArcelorMittal in the last year. There are currently 1 sell rating, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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.
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6 brokers have issued 12 month price objectives for ArcelorMittal's stock. Their MT share price forecasts range from $20.70 to $50.00. On average, they predict the company's share price to reach $33.24 in the next twelve months. This suggests a possible upside of 25.4% from the stock's current price.
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ArcelorMittal's stock was trading at $31.83 at the beginning of 2022. Since then, MT stock has decreased by 16.7% and is now trading at $26.50.
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ArcelorMittal saw a decrease in short interest during the month of October. As of October 31st, there was short interest totaling 4,640,000 shares, a decrease of 20.4% from the October 15th total of 5,830,000 shares. Based on an average daily volume of 2,910,000 shares, the days-to-cover ratio is currently 1.6 days. Approximately 0.6% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 9th 2023.
View our MT earnings forecast.

ArcelorMittal S.A. (NYSE:MT) issued its quarterly earnings results on Wednesday, November, 10th. The basic materials company reported $4.16 earnings per share for the quarter, missing the consensus estimate of $4.17 by $0.01. The basic materials company earned $20.23 billion during the quarter, compared to analyst estimates of $22.44 billion. ArcelorMittal had a trailing twelve-month return on equity of 24.32% and a net margin of 15.62%. During the same quarter last year, the business posted ($0.15) 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 an increase 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 1.18%. 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 10.46% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MT.

Shares of ArcelorMittal 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 institutional and retail investors. Top institutional shareholders include Dimensional Fund Advisors LP (0.45%), Two Sigma Investments LP (0.26%), Optiver Holding B.V. (0.00%), Two Sigma Advisers LP (0.22%), BlackRock Inc. (0.21%) and Credit Suisse AG (0.12%).
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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 $26.50.

ArcelorMittal (NYSE:MT) has a market capitalization of $24.85 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.

The company employs 157,909 workers across the globe.

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.