NYSE:MTArcelorMittal Stock Price, Forecast & News

ArcelorMittal's stock was trading at $10.20 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, MT shares have decreased by 5.7% and is now trading at $9.62. View which stocks have been most impacted by Coronavirus.

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.

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

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

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 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.

10 brokers have issued 12-month price targets for ArcelorMittal's shares. 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 84.5% from the stock's current price. View analysts' price targets for ArcelorMittal.

News stories about MT stock have trended very positive this week, InfoTrie Sentiment reports. InfoTrie rates the sentiment of media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. ArcelorMittal earned a media sentiment score of 3.5 on InfoTrie's scale. They also assigned media coverage about the basic materials company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news aboutArcelorMittal.

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 trading volume, of 4,490,000 shares, the short-interest ratio is presently 3.6 days. Currently, 1.6% of the company's shares are sold short. View ArcelorMittal's Current Options Chain.

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.

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).

ArcelorMittal trades on the New York Stock Exchange (NYSE) under the ticker symbol "MT."

ArcelorMittal's stock is owned by many different institutional and retail 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%).

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.

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.

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.

One share of MT stock can currently be purchased for approximately $9.62.

ArcelorMittal has a market capitalization of $9.74 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.

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

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]