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

1,712 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
Balance Sheet StrengthLow leverage and sizable equity provide durable financial flexibility for a cyclical steel business. This supports continued investment in strategic projects, capacity restarts and shareholder returns while maintaining investment-grade access to capital during downturns, reducing refinancing risk over 2–6 months.
High-return EAF Project PipelineA defined $1.8bn incremental EBITDA pipeline from EAF conversions and restarts is a structural earnings lever. These projects shift capacity to lower‑carbon, potentially lower-cost routes, improving margins and resilience to European policy changes and supporting a step-change in earnings from 2026 onward.
Strategic AWS Collaboration & XCarb DemandA multi-year AWS collaboration couples digital transformation (predictive maintenance, process optimisation) with anchored demand for low‑carbon XCarb steel. This strengthens operational efficiency and secures high-value, sustainability-driven customers, supporting durable premium product demand and margin mix improvement.
Bears Say
Thin Free Cash Flow ConversionDespite solid operating cash generation, FCF conversion is low relative to business scale, implying heavy reinvestment and lumpy cash timing. This constrains discretionary funding for buybacks, dividend growth or opportunistic deleveraging unless conversion sustainably improves, limiting flexibility over the medium term.
Rising European CO2 Costs And Target ResetEscalating ETS/CO2 costs and a material softening of the 2030 target increase regulatory and cost uncertainty. Until policy benefits (CBAM/TRQ) and low‑carbon project savings fully materialize, margins in Europe may remain pressured and capital planning for decarbonisation is harder to rely on for near-term margin recovery.
Persistent North America Tariff HeadwindsA recurring ~$150m quarterly drag from tariffs is a structural competitiveness issue in North America. Persistent trade barriers elevate operating costs and planning risk for regional volumes and pricing, reducing realized margin upside from any global price recovery until policy relief occurs.

ArcelorMittal News

MT FAQ

What was ArcelorMittal’s price range in the past 12 months?
ArcelorMittal lowest stock price was $29.86 and its highest was $72.50 in the past 12 months.
    What is ArcelorMittal’s market cap?
    ArcelorMittal’s market cap is $47.17B.
      When is ArcelorMittal’s upcoming earnings report date?
      ArcelorMittal’s upcoming earnings report date is Jul 30, 2026 which is in 34 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 1.2.
                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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