NYSE:MT

ArcelorMittal (MT) Stock Price, News & Analysis

$25.52
+0.03 (+0.12%)
(As of 04:30 PM ET)
Today's Range
$25.48
$25.99
50-Day Range
$25.02
$27.98
52-Week Range
$21.30
$29.15
Volume
1.63 million shs
Average Volume
1.57 million shs
Market Capitalization
$20.55 billion
P/E Ratio
28.67
Dividend Yield
1.65%
Price Target
$30.30

ArcelorMittal MarketRank™ Stock Analysis

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
18.5% Upside
$30.30 Price Target
Short Interest
Healthy
0.68% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.53mentions of ArcelorMittal in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
29.16%
From $3.91 to $5.05 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.38 out of 5 stars

Basic Materials Sector

38th out of 175 stocks

Blast Furnaces & Steel Mills Industry

3rd out of 12 stocks

MT stock logo

About ArcelorMittal Stock (NYSE:MT)

ArcelorMittal S.A., together with its subsidiaries, operates as integrated steel and mining companies in the United States, Europe, and internationally. It offers semi-finished flat products, including slabs; finished flat products comprising plates, hot- and cold-rolled coils and sheets, hot-dipped and electro-galvanized coils and sheets, tinplate, and color coated coils and sheets; semi-finished long products, such as blooms and billets; finished long products consisting of bars, wire-rods, structural sections, rails, sheet piles, and wire-products; and seamless and welded pipes and tubes. The company also provides mining products, such as iron ore lumps, fines, concentrates, pellets, and sinter feeds; and coking coal. It sells its products to various customers in the automotive, appliance, engineering, construction, energy, and machinery industries through a centralized marketing organization, as well as distributors. The company has iron ore mining activities in Brazil, Bosnia, Canada, Liberia, Mexico, South Africa, and Ukraine. ArcelorMittal S.A. was founded in 1976 and is headquartered in Luxembourg City, Luxembourg.

MT Stock Price History

MT Stock News Headlines

3 Metal Stocks Setting Up for Double-Digit Growth
The U.S. economy is pivoting into a new path for the year. After briefly jumping into its first expansionary reading in more than a year and a half, the ISM manufacturing PMI index just fell back into contraction for April.
3 Metal Stocks Setting Up for Double-Digit Growth (MT)
Three metal sector stocks are quickly becoming potential buy targets for investors looking for double-digit EPS growth in the middle of an uncertain economy
READ THIS – If You Missed Out On The AI Boom
Adam’s research shows a radical new technology is set to grow 10X faster than the internet … and drastically alter manufacturing, healthcare, agriculture … even energy. Nvidia’s CEO said it will be, “flat out, the biggest [tech] revolution ever.”
PRESS DIGEST- Financial Times - May 6
READ THIS – If You Missed Out On The AI Boom
Adam’s research shows a radical new technology is set to grow 10X faster than the internet … and drastically alter manufacturing, healthcare, agriculture … even energy. Nvidia’s CEO said it will be, “flat out, the biggest [tech] revolution ever.”
ArcelorMittal announces results of its General Meeting
See More Headlines
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Company Calendar

Last Earnings
5/02/2024
Today
5/10/2024
Ex-Dividend for 6/12 Dividend
5/16/2024
Dividend Payable
6/12/2024
Next Earnings (Estimated)
7/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Blast furnaces & steel mills
Sub-Industry
N/A
Employees
126,756
Year Founded
2006

Price Target and Rating

Average Stock Price Target
$30.30
High Stock Price Target
$31.00
Low Stock Price Target
$29.60
Potential Upside/Downside
+17.6%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
4 Analysts

Profitability

Net Income
$919 million
Pretax Margin
1.67%

Debt

Sales & Book Value

Annual Sales
$66.06 billion
Cash Flow
$9.20 per share
Book Value
$69.62 per share

Miscellaneous

Free Float
804,855,000
Market Cap
$20.75 billion
Optionable
Optionable
Beta
1.93

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Key Executives

  • Mr. Lakshmi Nivas Mittal B.Com. (Age 74)
    Executive Chairman of the Board
  • Mr. Aditya Mittal (Age 47)
    CEO & Director
  • Mr. Genuino Jose Magalhaes Christino (Age 52)
    Executive VP & CFO
  • Mr. Daniel Fairclough
    Head of Investor Relations & VP of Corporate Finance
  • Mr. Henk Scheffer (Age 61)
    Group Compliance, Data Protection Officer & Company Secretary
  • Ms. Nicola Davidson
    Vice President of Communications & Sustainable Development
  • Ms. Stephanie Werner-Dietz (Age 52)
    Executive VP & Global Head of HR
  • Mr. Augustine Kochuparampil (Age 72)
    VP & CEO of Long Products Europe
  • Dr. Gregory Ludkovsky (Age 74)
    VP and CEO of Global Research & Development
  • Mr. Vijay Krishna Goyal (Age 51)
    Executive VP & CEO of ArcelorMittal CIS

MT Stock Analysis - Frequently Asked Questions

Should I buy or sell ArcelorMittal stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ArcelorMittal in the last year. There are currently 3 hold ratings and 1 buy rating 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.
View MT analyst ratings
or view top-rated stocks.

What is ArcelorMittal's stock price target for 2024?

4 brokerages have issued 12-month price objectives for ArcelorMittal's stock. Their MT share price targets range from $29.60 to $31.00. On average, they expect the company's stock price to reach $30.30 in the next twelve months. This suggests a possible upside of 18.5% from the stock's current price.
View analysts price targets for MT
or view top-rated stocks among Wall Street analysts.

How have MT shares performed in 2024?

ArcelorMittal's stock was trading at $28.39 at the beginning of 2024. Since then, MT shares have decreased by 9.9% and is now trading at $25.57.
View the best growth stocks for 2024 here
.

When is ArcelorMittal's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 25th 2024.
View our MT earnings forecast
.

How were ArcelorMittal's earnings last quarter?

ArcelorMittal S.A. (NYSE:MT) posted its quarterly earnings results on Thursday, May, 2nd. The basic materials company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.23. The basic materials company had revenue of $16.28 billion for the quarter, compared to analyst estimates of $16.67 billion. ArcelorMittal had a net margin of 1.15% and a trailing twelve-month return on equity of 8.29%. ArcelorMittal's revenue for the quarter was down 12.0% on a year-over-year basis. During the same quarter last year, the company earned $1.27 EPS.

How often does ArcelorMittal pay dividends? What is the dividend yield for ArcelorMittal?

ArcelorMittal announced a Semi-Annual dividend on Monday, April 15th. Stockholders of record on Friday, May 17th will be given a dividend of $0.213 per share on Wednesday, June 12th. The ex-dividend date is Thursday, May 16th.
Read our dividend analysis for MT
.

Is ArcelorMittal a good dividend stock?

ArcelorMittal (NYSE:MT) pays an annual dividend of $0.42 per share and currently has a dividend yield of 1.43%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 47.19%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MT will have a dividend payout ratio of 8.32% next year. This indicates that the company will be able to sustain or increase its dividend.
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).SPDR S&P Kensho Smart Mobility ETF (HAIL).

When did ArcelorMittal's stock split?

ArcelorMittal's stock reverse split 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 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).

Who are ArcelorMittal's major shareholders?

ArcelorMittal's stock is owned by many different institutional and retail investors. Top institutional investors include MMCAP International Inc. SPC (0.08%), Van ECK Associates Corp (0.03%), BNP Paribas Financial Markets (0.01%), QRG Capital Management Inc. (0.01%), Quantbot Technologies LP (0.01%) and Trust Co. of Toledo NA OH (0.00%).
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:MT) was last updated on 5/10/2024 by MarketBeat.com Staff

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