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

1,710 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 and a sizable equity base provide durable financial flexibility for capital allocation, enabling continued investment in high-return projects, sustained shareholder returns and the ability to absorb cyclical downturns without forcing asset sales or deep cuts to strategic capex.
High-return EAF Project PipelineThe sanctioned EAF conversions (Sestao, Gijón, Dunkirk) materially shift production to lower-carbon, lower-cost routes, adding structural margin upside from 2026. Backing by a long-term energy contract and government support at Dunkirk improves project economics and reduces execution risk.
Underlying Free Cash Flow Run-rateA >$2bn annualized underlying FCF run-rate signals meaningful, durable cash generation capacity after excluding seasonal and growth capex. This underpins the firm's ability to fund strategic decarbonisation projects, maintain capital returns and preserve an investment-grade balance sheet through cycles.
Bears Say
Weak Free-cash-flow ConversionThin absolute free cash flow relative to operating cash flow indicates heavy reinvestment needs and lumpy conversion, limiting incremental financial flexibility. Over the medium term this constrains the pace of buybacks, dividend uplift and discretionary green capex if commodity or working-capital swings persist.
Recalibrated Decarbonisation TargetA softened 2030 target raises the risk of higher transitional costs later and may delay revenue capture from low-carbon steel demand. It increases scrutiny on the timing and scale of future green investments and could require larger, costlier projects to meet longer-term net-zero commitments.
Persistent North America Tariff HeadwindsOngoing tariffs create a recurring profit drag and uncertainty for North America operations. The unresolved policy environment limits pricing power, complicates capacity utilisation and reduces expected margins regionally until durable relief or structural market shifts occur.

ArcelorMittal News

MT FAQ

What was ArcelorMittal’s price range in the past 12 months?
ArcelorMittal lowest stock price was $29.80 and its highest was $72.50 in the past 12 months.
    What is ArcelorMittal’s market cap?
    ArcelorMittal’s market cap is $52.18B.
      When is ArcelorMittal’s upcoming earnings report date?
      ArcelorMittal’s upcoming earnings report date is Jul 30, 2026 which is in 46 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 1.03%. See more information on ArcelorMittal dividends here
              What is ArcelorMittal’s EPS estimate?
              ArcelorMittal’s EPS estimate is 1.21.
                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

                      $70.00
                      ▲(12.79% Upside)
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<span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 3,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 0, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":30.915,"date":1751328000000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 1,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 1, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":30.648,"date":1754006400000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n           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