In the latest trading session,, 0.98 million ArcelorMittal (NYSE:MT) shares changed hands as the company’s beta touched 1.61. With the company’s most recent per share price at $29.08 changed hands at -$1.11 or -3.68% at last look, the market valuation stands at $22.35B. MT’s current price is a discount, trading about -20.01% off its 52-week high of $34.90. The share price had its 52-week low at $20.52, which suggests the last value was 29.44% up since then. When we look at ArcelorMittal’s average trading volume, we note the 10-day average is 1.73 million shares, with the 3-month average coming to 2.61 million.
Analysts gave the ArcelorMittal (MT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.94. If we narrow down to specifics, the data shows that 0 out of 8 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 4 recommended MT as a Hold, 4 felt it is a Buy and 0 rated the stock as Underweight. ArcelorMittal’s EPS for the current quarter is expected to be 1.02.
ArcelorMittal (NYSE:MT) trade information
Instantly MT was in red as seen in intraday trades today. With action 0.66%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 25.72%, with the 5-day performance at 0.66% in the green. However, in the 30-day time frame, ArcelorMittal (NYSE:MT) is 0.80% up. Looking at the short shares, we see there were 6.6 million shares sold at short interest cover period of 2.84 days.
The consensus price target for the stock as assigned by Wall Street analysts is 36.2, meaning bulls need an upside of 19.67% from its recent market value. According to analyst projections, MT’s forecast low is 36.2 with 36.2 as the target high. To hit the forecast high, the stock’s price needs a -24.48% plunge from its current level, while the stock would need to soar -24.48% for it to hit the projected low.
ArcelorMittal (MT) estimates and forecasts
Year-over-year growth is forecast to reach -2.26% down from the last financial year.
Consensus estimates given by 6 financial analysts project the company’s revenue in the current quarter to hit an average of 15.53B. 5 analysts are of the opinion that ArcelorMittal’s revenue for the current quarter will be 15.17B. The company’s revenue for the corresponding quarters a year ago was 16.25B and 15.2B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -4.46%. The estimates for the next quarter sales put growth at -0.19%.
The 2025 estimates are for ArcelorMittal earnings to increase by 120.23%, but the outlook for the next 5-year period is at 47.81% per year.
MT Dividends
ArcelorMittal is expected to release its next quarterly earnings report on 2025-Feb-05. The 1.72% annual yield figure for the share gives it an annual dividend of 0.50. It is important to note, however, that the 1.72% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 3.21 per year.
ArcelorMittal (NYSE:MT)’s Major holders
The share float percentage for the stock currently stands at 4.74%. There are 4.74% institutions holding the ArcelorMittal stock share, with DIMENSIONAL FUND ADVISORS LP the top institutional holder. As of 2024-06-30, the company held 0.4113% of the shares, roughly 3.33 million MT shares worth $76.29 million.
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP holds the second largest percentage of outstanding shares, with 0.3617% or 2.92 million shares worth $66.84 million as of 2024-06-30.
Among Mutual Funds, the top two as of Mar 31, 2025 were iShares Trust-iShares Core MSCI EAFE ETF and -Price (T.Rowe) International Value Equity Trust . With 3.04 shares estimated at $88.56 million under it, the former controlled 0.36% of total outstanding shares. On the other hand, -Price (T.Rowe) International Value Equity Trust held about 0.32% of the shares, roughly 2.69 shares worth around $78.42 million.
