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ArcelorMittal (MT)
NYSE:MT
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ArcelorMittal (MT) Price & Analysis

1,716 Followers

MT Stock Chart & Stats

$62.06
-$0.28(-1.28%)
At close: 4:00 PM EST
$62.06
-$0.28(-1.28%)

Bulls Say, Bears Say

Bulls Say
Conservative Balance SheetLow leverage (debt-to-equity ~0.25) gives ArcelorMittal durable financial flexibility across cycles. It supports investment-grade funding access, funds strategic EAF and mining investments, and enables continued buybacks/dividends without forcing distressed asset sales during downturns.
High-return EAF Project PipelineA defined $1.8bn incremental EBITDA pipeline from Sestao, Gijón and Dunkirk materially alters medium-term earnings mix. EAFs reduce carbon intensity and energy exposure, lock-in favourable long-term power contracts, and structurally raise margins versus legacy BF-BOF routes as projects ramp from 2026.
Improving Underlying Free Cash Flow Run-rateAn annualized underlying FCF run-rate >$2bn signals sustainable cash generation capacity once seasonality and strategic capex normalize. That level supports disciplined capital allocation: reinvestment in high-return projects, ongoing buybacks/dividends, and maintaining an investment-grade balance sheet over coming years.
Bears Say
Rising European CO2 CostsEscalating EU carbon costs are a structural margin headwind for blast‑furnace operations until decarbonisation investments fully deploy. Higher ETS liabilities raise operating costs and lengthen payback on green projects, pressuring margins and requiring sustained capex to avoid long-term competitiveness erosion in Europe.
Persistent North America Tariff HeadwindsOngoing Section 232 tariffs create a recurring ~$150m/quarter drag on North American profitability and limit pricing pass-through. Trade policy uncertainty is structural until resolved, constraining US margin recovery and skewing capital allocation decisions for regional capacity and investment.
Low Free-cash-flow Conversion Versus ScaleDespite solid operating cash, FCF conversion is weak for the company's scale, reflecting heavy reinvestment and seasonal working capital. Persistently thin FCF limits the pace of decarbonisation capex, cushions less headroom for returns in downturns, and makes capital returns and debt reduction more cyclical.

ArcelorMittal News

MT FAQ

What was ArcelorMittal’s price range in the past 12 months?
ArcelorMittal lowest stock price was $30.17 and its highest was $72.50 in the past 12 months.
    What is ArcelorMittal’s market cap?
    ArcelorMittal’s market cap is $50.04B.
      When is ArcelorMittal’s upcoming earnings report date?
      ArcelorMittal’s upcoming earnings report date is Jul 30, 2026 which is in 3 days.
        How were ArcelorMittal’s earnings last quarter?
        ArcelorMittal released its earnings results on Apr 30, 2026. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.693 by $0.057.
          Is ArcelorMittal overvalued?
          According to Wall Street analysts ArcelorMittal’s price is currently Undervalued. Get more investment ideas with TipRanks Premium
            Does ArcelorMittal pay dividends?
            ArcelorMittal pays a Annually dividend of $0.15 which represents an annual dividend yield of 0.86%. See more information on ArcelorMittal dividends here
              What is ArcelorMittal’s EPS estimate?
              ArcelorMittal’s EPS estimate is 1.04.
                How many shares outstanding does ArcelorMittal have?
                ArcelorMittal has 775,000,000 shares outstanding.
                  What happened to ArcelorMittal’s price movement after its last earnings report?
                  ArcelorMittal reported an EPS of $0.75 in its last earnings report, beating expectations of $0.693. Following the earnings report the stock price went up 2.306%.
                    Which hedge fund is a major shareholder of ArcelorMittal?
                    Currently, no hedge funds are holding shares in MT
                    What is the TipRanks Smart Score and how is it calculated?
                    Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                      Company Description

                      ArcelorMittal

                      ArcelorMittal S.A. and its subsidiaries operate as a comprehensive, globally integrated steel production and mining enterprise, with operations spanning Europe, North and South America, Asia, and Africa. The firm's core steel offerings encompass a wide array of items. These include semi-finished flat goods, specifically slabs, alongside finished flat products like plates, hot-rolled and cold-rolled coils and sheets, galvanized coils and sheets (both hot-dipped and electro-galvanized), tinplate, and pre-painted coils and sheets. For long products, it manufactures semi-finished forms such as blooms and billets. Its finished long products consist of bars, wire-rods, structural sections, railway rails, sheet piles, and various wire products. Additionally, ArcelorMittal supplies both seamless and welded pipes and tubes. Beyond steel, the company's mining segment extracts and processes primary materials such as iron ore, presented as lumps, fines, concentrates, pellets, and sinter feeds. It also provides various types of coal, including coking coal, thermal coal, and coal for pulverized injection. These materials are distributed to a diverse clientele within sectors such as automotive, domestic appliances, engineering, construction, energy, and heavy machinery. Distribution occurs via its internal centralized marketing department and an extensive network of distributors. Its iron ore extraction operations are located in Brazil, Bosnia, Canada, Kazakhstan, Liberia, Mexico, South Africa, and Ukraine. Coal mining, however, is solely conducted in Kazakhstan. Established in 1976, ArcelorMittal S.A. maintains its corporate headquarters in Luxembourg City, Luxembourg.

                      ArcelorMittal (MT) Earnings & Revenues

                      MT Company Deck

                      MT Earnings Call

                      Q1 2026
                      0:00 / 0:00
                      Earnings Call Sentiment|Positive
                      The call emphasized multiple clear positives: structurally stronger margins (EBITDA $131/tonne; +$15/tonne YoY), a >$2bn annualized underlying free cash flow run‑rate, a defined pipeline of high‑return EAF projects totalling $1.8bn incremental EBITDA from 2026, and supportive trade policy developments in Europe (CBAM and TRQ) that management expects to lift prices and domestic demand. Operational momentum was highlighted across iron ore, EAF ramp (Calvert) and capacity restarts, alongside sustained shareholder return achievements (38% share count reduction; dividend doubled). Headwinds include elevated short‑term European imports/inventories, Q1 Ukraine losses from energy costs, increasing CO2 costs not yet offset in results, a recalibrated 2030 emissions target (-10% vs prior -30%), and persistent North American tariff headwinds. On balance the highlights materially outweigh the lowlights, with management signaling improving visibility into free cash flow and margin recovery for the rest of 2026.View all MT earnings summaries

                      MT Stock 12 Month Forecast

                      Average Price Target

                      $70.67
                      ▲(13.87% Upside)
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