Free Trial
NYSE:MT

ArcelorMittal (MT) Stock Price, News & Analysis

$23.47
+0.08 (+0.34%)
(As of 08/27/2024 ET)
Today's Range
$23.20
$23.53
50-Day Range
$21.10
$24.01
52-Week Range
$20.52
$29.01
Volume
1.54 million shs
Average Volume
1.63 million shs
Market Capitalization
$18.90 billion
P/E Ratio
26.37
Dividend Yield
1.79%
Price Target
$29.30

ArcelorMittal MarketRank™ Stock Analysis

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
24.8% Upside
$29.30 Price Target
Short Interest
Healthy
0.65% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
19.64%
From $3.92 to $4.69 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.

3.85 out of 5 stars

Basic Materials Sector

21st out of 175 stocks

Blast Furnaces & Steel Mills Industry

3rd out of 14 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

ArcelorMittal S.A. (NYSE:MT) Receives $29.30 Average PT from Analysts
ArcelorMittal: Further Upside In Steel, Investing More
I’m giving you the name of this investment for free
This key unlocks a new pathway to wealth that has been kept hidden from you for decades. In my new documentary I will provide you with all the details of this one-of-a-kind investment.
ArcelorMittal (NYSE:MT) Upgraded to Overweight at Barclays
ArcelorMittal (NYSE:MT) Shares Gap Up to $22.29
ArcelorMittal SA (ARRD.DU)
I’m giving you the name of this investment for free
This key unlocks a new pathway to wealth that has been kept hidden from you for decades. In my new documentary I will provide you with all the details of this one-of-a-kind investment.
ArcelorMittal S.A. (ARMT34.SA)
NEM Aug 2024 44.500 call (NEM240823C00044500)
NEM Aug 2024 44.500 call (NEM240823C00044500)
Franco-Nevada Corporation (F2NV34.SA)
Mitsubishi Heavy Industries Ltd (MHVIY)
MT Aug 2024 21.000 call
See More Headlines
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.

Company Calendar

Ex-Dividend for 6/12 Dividend
5/16/2024
Dividend Payable
6/12/2024
Last Earnings
8/01/2024
Today
8/28/2024
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
$29.30
High Stock Price Target
$29.60
Low Stock Price Target
$29.00
Potential Upside/Downside
+24.8%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
5 Analysts

Profitability

Net Income
$919 million
Pretax Margin
1.67%

Debt

Sales & Book Value

Annual Sales
$63.70 billion
Cash Flow
$10.25 per share
Book Value
$69.62 per share

Miscellaneous

Free Float
804,855,000
Market Cap
$18.90 billion
Optionable
Optionable
Beta
1.77

Social Links

Investing Strategies To Help Grow Your Retirement Income Cover

Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.

Get This Free Report

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

Should I Buy ArcelorMittal Stock? MT Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in ArcelorMittal S.A.:

  • ArcelorMittal's current stock price is relatively low compared to its 52-week high, potentially offering a buying opportunity for investors.
  • The company has a low debt-to-equity ratio of 0.15, indicating a strong financial position with less reliance on debt financing.
  • ArcelorMittal has a positive return on equity of 5.94%, showing that the company is generating profit from shareholder equity.
  • The P/E ratio of 23.71 suggests that the stock may be undervalued compared to its earnings potential.
  • Analysts have given ArcelorMittal an average rating of "Hold" with a price target above the current stock price, indicating potential upside.

Cons

Investors should be bearish about investing in ArcelorMittal S.A. for these reasons:

  • ArcelorMittal's revenue was down 12.7% on a year-over-year basis, indicating a decline in the company's top-line performance.
  • The company's net margin was negative at 0.93%, suggesting challenges in generating profits relative to its revenue.
  • ArcelorMittal's stock price has been trading below its 50-day and 200-day moving averages, indicating a potential bearish trend.
  • Recent earnings results showed a miss on the consensus estimate, which may lead to investor uncertainty about future performance.
  • With a beta of 1.77, ArcelorMittal's stock is relatively more volatile compared to the market, posing higher risk for investors.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, August 19, 2024. Please send any questions or comments about these ArcelorMittal pros and cons to contact@marketbeat.com.

MT Stock Analysis - Frequently Asked Questions

How have MT shares performed this year?

ArcelorMittal's stock was trading at $28.39 at the beginning of 2024. Since then, MT stock has decreased by 17.3% and is now trading at $23.47.
View the best growth stocks for 2024 here
.

How were ArcelorMittal's earnings last quarter?

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

When did ArcelorMittal's stock split?

ArcelorMittal's stock 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.

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.

Who are ArcelorMittal's major shareholders?

ArcelorMittal's top institutional shareholders include Dimensional Fund Advisors LP (0.41%), Clearbridge Investments LLC (0.32%), Bank of New York Mellon Corp (0.10%) and Encompass Capital Advisors LLC (0.07%).
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.

What other stocks do shareholders of ArcelorMittal own?

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).

This page (NYSE:MT) was last updated on 8/28/2024 by MarketBeat.com Staff

From Our Partners