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S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
NYSE:MT

ArcelorMittal (MT) Stock Price, News & Analysis

$27.58
-0.23 (-0.83%)
(As of 03/28/2024 ET)
Today's Range
$27.40
$27.64
50-Day Range
$25.14
$28.91
52-Week Range
$21.30
$30.36
Volume
1.64 million shs
Average Volume
1.53 million shs
Market Capitalization
$22.21 billion
P/E Ratio
27.58
Dividend Yield
1.34%
Price Target
N/A

ArcelorMittal MarketRank™ Stock Analysis

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Healthy
0.69% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.20mentions of ArcelorMittal in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
17.65%
From $4.59 to $5.40 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.

4.00 out of 5 stars

Basic Materials Sector

38th out of 171 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

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Company Calendar

Last Earnings
2/08/2024
Today
3/28/2024
Next Earnings (Estimated)
5/02/2024
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

Profitability

Net Income
$919 million
Pretax Margin
1.85%

Debt

Sales & Book Value

Annual Sales
$68.28 billion
Cash Flow
$9.58 per share
Book Value
$69.62 per share

Miscellaneous

Free Float
804,855,000
Market Cap
$22.21 billion
Optionable
Optionable
Beta
1.92

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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

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 recently announced the publication of its 2023 annual report, showcasing transparency and accountability to investors.
  • The company operates as integrated steel and mining companies in multiple countries, providing diversification in operations and markets.
  • ArcelorMittal offers a wide range of steel products to various industries, ensuring a broad customer base and revenue streams.
  • With iron ore mining activities in several countries, ArcelorMittal has a stable supply chain for its raw materials, reducing operational risks.
  • Considering the current stock price of ArcelorMittal (MT) provides investors with an opportunity to potentially enter at an attractive valuation.

Cons

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

  • The steel industry is highly cyclical, susceptible to economic downturns and fluctuations in demand, impacting ArcelorMittal's financial performance.
  • Global trade tensions and tariffs on steel products can affect ArcelorMittal's international operations and profitability.
  • Environmental regulations and sustainability concerns in the steel industry may lead to increased compliance costs for ArcelorMittal.
  • Volatility in commodity prices, such as iron ore and coking coal, can influence ArcelorMittal's production costs and margins.
  • Market competition from other steel producers globally could pressure ArcelorMittal's market share and pricing power.
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, March 25, 2024. Please send any questions or comments about these ArcelorMittal pros and cons to contact@marketbeat.com.

MT Stock Analysis - Frequently Asked Questions

Should I buy or sell ArcelorMittal stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ArcelorMittal in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities 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.

How have MT shares performed in 2024?

ArcelorMittal's stock was trading at $28.39 at the beginning of the year. Since then, MT shares have decreased by 2.9% and is now trading at $27.58.
View the best growth stocks for 2024 here
.

Are investors shorting ArcelorMittal?

ArcelorMittal saw a increase in short interest in March. As of March 15th, there was short interest totaling 5,560,000 shares, an increase of 34.0% from the February 29th total of 4,150,000 shares. Based on an average trading volume of 1,470,000 shares, the short-interest ratio is presently 3.8 days.
View ArcelorMittal's Short Interest
.

When is ArcelorMittal's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our MT earnings forecast
.

How were ArcelorMittal's earnings last quarter?

ArcelorMittal S.A. (NYSE:MT) announced its earnings results on Thursday, February, 8th. The basic materials company reported ($3.57) EPS for the quarter, missing analysts' consensus estimates of ($2.08) by $1.49. The basic materials company earned $14.55 billion during the quarter, compared to analysts' expectations of $16.39 billion. ArcelorMittal had a trailing twelve-month return on equity of 8.55% and a net margin of 1.35%. The business's quarterly revenue was down 13.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.37 earnings per share.

Is ArcelorMittal a good dividend stock?

ArcelorMittal (NYSE:MT) pays an annual dividend of $0.37 per share and currently has a dividend yield of 1.38%. The dividend payout ratio is 37.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MT will have a dividend payout ratio of 6.85% 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).Amplify International Enhanced Dividend Income ETF (IDVO).

When did ArcelorMittal's stock split?

ArcelorMittal shares 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.

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 a number of institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (0.45%), Clearbridge Investments LLC (0.34%), Optiver Holding B.V. (0.00%), Goldman Sachs Group Inc. (0.10%), Goldman Sachs Group Inc. (0.10%) and Royal Bank of Canada (0.09%).
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 3/29/2024 by MarketBeat.com Staff

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