ArcelorMittal S.A. (MT)
| Market Cap | 19.92B |
| Revenue (ttm) | 62.28B |
| Net Income (ttm) | -1.24B |
| Shares Out | 778.00M |
| EPS (ttm) | -1.54 |
| PE Ratio | n/a |
| Forward PE | 7.44 |
| Dividend | $0.50 (1.98%) |
| Ex-Dividend Date | Nov 12, 2024 |
| Volume | 836,695 |
| Open | 25.43 |
| Previous Close | 25.52 |
| Day's Range | 25.13 - 25.48 |
| 52-Week Range | 20.52 - 29.01 |
| Beta | 1.74 |
| Analysts | Buy |
| Price Target | 30.30 (+19.6%) |
| Earnings Date | Nov 7, 2024 |
About 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-pr... [Read more]
Financial Performance
In 2023, ArcelorMittal's revenue was $68.28 billion, a decrease of -14.49% compared to the previous year's $79.84 billion. Earnings were $919.00 million, a decrease of -90.12%.
Financial StatementsAnalyst Forecast
According to 5 analysts, the average rating for MT stock is "Buy." The 12-month stock price forecast is $30.3, which is an increase of 19.60% from the latest price.
News
ArcelorMittal delays green transition plans blaming lack of EU support
ArcelorMittal, the world's second largest steelmaker, said it would be delaying plans to replace its coal fired blast furnaces with hydrogen powered facilities, citing a lack of EU support
ArcelorMittal provides update on its European decarbonization plans
26 November 2024, 08:30 CET ArcelorMittal is today providing an update on its decarbonization plans in Europe. The Company has previously announced the intention to invest in lower carbon emissions “h...
ArcelorMittal: Low Valuation And Economic Tailwinds Could Lead To A Stock Rebound
ArcelorMittal, a global steel producer, is strategically exiting challenging markets and investing in high-value assets, despite an 11.6% YTD stock decline. Q3 2024 results showed revenue fell 8.5% Yo...
South African labour union to strike at ArcelorMittal over job cuts
South Africa's metal workers' union said it will go on strike at ArcelorMittal South Africa Ltd on Thursday to protest job cuts that have impacted 107 workers.
ArcelorMittal S.A. (MT) Q3 2024 Earnings Call Transcript
ArcelorMittal S.A. (NYSE:MT) Q3 2024 Earnings Conference Call November 7, 2024 9:30 AM ET Company Participants Daniel Fairclough – Investor Relations Genuino Christino – Group Chief Financial Officer...
ArcelorMittal S.A.: ArcelorMittal reports third quarter 2024 results
Luxembourg, November 7 , 20 24 - ArcelorMittal (referred to as “ArcelorMittal” or the “Company” or the "Group") (MT (New York, Amsterdam, Paris, Luxembourg), MTS (Madrid)), the world's leading integra...
ArcelorMittal announces the publication of its third quarter 2024 sell-side analyst consensus figures
ArcelorMittal (‘the Company') today announces the publication of its third quarter 2024 sell-side analyst consensus figures. The consensus figures are based on analysts' estimates recorded on an exter...
VELUX Group signs long-term agreement with ArcelorMittal to supply low carbon-emission steel
The VELUX Group has entered a 10-year agreement with ArcelorMittal concerning the supply of recycled and renewably produced steel.
Nippon Steel to Sell Stake in Calvert JV to ArcelorMittal in Push for U.S. Steel Deal
ArcelorMittal said it would take on Nippon Steel's 50% stake in the joint venture if the Japanese steelmaker managed to acquire U.S. Steel.
Nippon Steel to sell Calvert JV to ArcelorMittal if U.S. Steel deal completed
Nippon Steel said on Friday it will sell its entire 50% stake in the joint venture steel plant in Calvert, Alabama, with ArcelorMittal if the top Japanese steelmaker's buyout bid for United States Ste...
Nippon Steel agrees to sell its interest in Calvert to ArcelorMittal, at the request of NSC pursuant to its agreed acquisition of US Steel
11 October 2024, 08:30 CET ArcelorMittal (the “Company”, “Group”) announces it has entered into a definitive Equity Purchase Agreement (the “Agreement”) with Nippon Steel Corporation (“NSC”) pursuant ...
ArcelorMittal announces recommendations from dss+ workplace safety audit
9 October 2024, 08:00 CET ArcelorMittal (the 'Company' or the 'Group') has today published the recommendations of the comprehensive dss+ workplace safety audit that was commissioned at the end of 2023...
On the 20th anniversary of ArcelorMittal Poland, ArcelorMittal Europe CEO Geert Van Poelvoorde calls for a firm action plan for steel
30th September 2024, 15:45 CET On the occasion of the 20 th anniversary of ArcelorMittal Poland, ArcelorMittal Europe CEO Geert Van Poelvoorde calls for European Union support for emergency trade meas...
Top 4 Materials Stocks That May Implode In Q3
As of Sept. 27, 2024, four stocks in the materials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
Utility Global Raises $53 Million of Ongoing Series C Financing
HOUSTON--(BUSINESS WIRE)--Utility Global, the off-gas-to-value company pioneering its proprietary eXERO™ gas production technology optimized for hard-to-abate industries, today announced that it has r...
ArcelorMittal's XCarb® Innovation fund invests in Utility Global to progress its gas processing technology
ArcelorMittal's XCarb® Innovation fund invests in Utility Global to progress its gas processing technology
ArcelorMittal holds investor day in India
Event highlights India's position as world's fastest growing steel market and AM/NS India's vision to become the benchmark for quality, scale and sustainability in Indian steelmaking
ArcelorMittal's India JV seeks duty-free LNG imports, letter shows
ArcelorMittal's India joint venture has called on New Delhi to remove the import tax on liquefied natural gas (LNG) for steelmaking to help the company cut its production costs and meet decarbonisatio...
ArcelorMittal: Likely Past The Cyclical Low
ArcelorMittal's Q2 2024 EBITDA was $1.5 billion, showing resilience despite lower steel prices; management expects further EBITDA decline in Q3 due to weak demand. Steel prices have likely bottomed, w...
ArcelorMittal's Low Valuation Offers Significant Upside, Despite European Market Woes, Says Deutsche Bank
Deutsche Bank analyst Bastian Synagowitz upgraded Arcelor Mittal NY MT to Buy from Hold and raised the price target from $29 to $31.
ArcelorMittal: Further Upside In Steel, Investing More
Despite macroeconomic challenges, ArcelorMittal's strong fundamentals and growth prospects make it a compelling buy for investors. ArcelorMittal is currently undervalued, presenting a good opportunity...
ARCELORMITTAL BECOMES THE ANCHOR SHAREHOLDER OF VALLOUREC
Press release ARCELORMITTAL BECOMES THE ANCHOR SHAREHOLDER OF VALLOUREC ArcelorMittal: new Vallourec anchor shareholder Appointments of Mr. Genuino Magalhaes Christino and Mr.
ArcelorMittal S.A.: ArcelorMittal completes acquisition of strategic stake in Vallourec
06 August 2024, 07:30 CET ArcelorMittal today announces that following the signature of a Share Purchase Agreement on 12 March 2024, and after the approval of relevant antitrust authorities and cleara...
ArcelorMittal S.A.: ArcelorMittal announces publication of its 2024 half-year report
02 August 2024, 18:00 CET ArcelorMittal (the ‘Company') has today published its half-year report for the six-month period ended 30 June 2024. The report is available on http://corporate.arcelormittal....
ArcelorMittal S.A. (MT) Q2 2024 Earnings Call Transcript
ArcelorMittal S.A. (NYSE:MT) Q2 2024 Results Conference Call August 1, 2024 9:30 AM ET Company Participants Daniel Fairclough - Vice President, Investor Relations Genuino Christino - Chief Financial ...