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NYSE:MT

ArcelorMittal (MT) Stock Price, News & Analysis

$25.96
+0.03 (+0.12%)
(As of 09/27/2024 ET)

About ArcelorMittal Stock (NYSE:MT)

Key Stats

Today's Range
$25.90
$26.24
50-Day Range
$21.10
$25.96
52-Week Range
$20.52
$29.01
Volume
1.19 million shs
Average Volume
1.62 million shs
Market Capitalization
$20.91 billion
P/E Ratio
29.17
Dividend Yield
1.62%
Price Target
$30.30
Consensus Rating
Moderate Buy

Company Overview

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.

ArcelorMittal Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
86th Percentile Overall Score

MT MarketRank™: 

ArcelorMittal scored higher than 86% of companies evaluated by MarketBeat, and ranked 50th out of 190 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    ArcelorMittal has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    ArcelorMittal has only been the subject of 2 research reports in the past 90 days.

  • Read more about ArcelorMittal's stock forecast and price target.
  • Earnings Growth

    Earnings for ArcelorMittal are expected to grow by 42.99% in the coming year, from $3.14 to $4.49 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of ArcelorMittal is 29.17, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.79.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of ArcelorMittal is 29.17, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 126.60.

  • Price to Earnings Growth Ratio

    ArcelorMittal has a PEG Ratio of 0.44. PEG Ratios below 1 indicate that a company could be undervalued.

  • Price to Book Value per Share Ratio

    ArcelorMittal has a P/B Ratio of 0.37. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Read more about ArcelorMittal's valuation and earnings.
  • Percentage of Shares Shorted

    0.60% of the float of ArcelorMittal has been sold short.
  • Short Interest Ratio / Days to Cover

    ArcelorMittal has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in ArcelorMittal has recently increased by 0.64%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    ArcelorMittal pays a meaningful dividend of 1.77%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    ArcelorMittal does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of ArcelorMittal is 47.19%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, ArcelorMittal will have a dividend payout ratio of 9.35% next year. This indicates that ArcelorMittal will be able to sustain or increase its dividend.

  • Read more about ArcelorMittal's dividend.
  • Percentage of Shares Shorted

    0.60% of the float of ArcelorMittal has been sold short.
  • Short Interest Ratio / Days to Cover

    ArcelorMittal has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in ArcelorMittal has recently increased by 0.64%, indicating that investor sentiment is decreasing.
  • News Sentiment

    ArcelorMittal has a news sentiment score of 0.52. 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 is a higher news sentiment than the 0.36 average news sentiment score of Basic Materials companies.
  • News Coverage This Week

    MarketBeat has tracked 11 news articles for ArcelorMittal this week, compared to 5 articles on an average week.
  • Search Interest

    Only 2 people have searched for MT on MarketBeat in the last 30 days. This is a decrease of -60% compared to the previous 30 days.
  • MarketBeat Follows

    2 people have added ArcelorMittal to their MarketBeat watchlist in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, ArcelorMittal insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 0.06% of the stock of ArcelorMittal is held by insiders.

  • Percentage Held by Institutions

    Only 9.88% of the stock of ArcelorMittal is held by institutions.

  • Read more about ArcelorMittal's insider trading history.
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MT Stock News Headlines

ArcelorMittal Outlines Robust Growth in Indian Market
NOTICE: You have until Tuesday, November 19th
On Tuesday, November 19, 2024 smart investors will collect their share of a $1.2 billion windfall... It's part of a unique strategy which has nothing to do with risky investments like options, cryptos or forex. And while it might sound crazy...
ArcelorMittal holds investor day in India
See More Headlines

MT Stock Analysis - Frequently Asked Questions

ArcelorMittal's stock was trading at $28.39 at the start of the year. Since then, MT stock has decreased by 8.6% and is now trading at $25.96.
View the best growth stocks for 2024 here
.

ArcelorMittal S.A. (NYSE:MT) released its quarterly earnings data on Thursday, August, 1st. The basic materials company reported $0.63 EPS for the quarter, missing the consensus estimate of $1.12 by $0.49. The company's revenue for the quarter was down 12.7% compared to the same quarter last year.

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.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that ArcelorMittal investors own include AT&T (T), Energy Transfer (ET), Ford Motor (F), Micron Technology (MU), Bank of America (BAC) and Intel (INTC).

Company Calendar

Last Earnings
8/01/2024
Today
9/29/2024
Next Earnings (Estimated)
11/14/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Blast furnaces & steel mills
Sub-Industry
Steel Works
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
+16.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
5 Analysts

Profitability

Net Income
$919 million
Pretax Margin
-0.39%

Debt

Sales & Book Value

Annual Sales
$63.70 billion
Cash Flow
$10.22 per share
Book Value
$69.62 per share

Miscellaneous

Free Float
804,855,000
Market Cap
$20.91 billion
Optionable
Optionable
Beta
1.76

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This page (NYSE:MT) was last updated on 9/29/2024 by MarketBeat.com Staff
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