MT - ArcelorMittal

NYSE - NYSE Delayed Price. Currency in USD
23.70
-0.16 (-0.67%)
At close: 4:02PM EDT
Stock chart is not supported by your current browser
Previous Close23.86
Open23.84
Bid23.50 x 2200
Ask24.07 x 1200
Day's Range23.47 - 24.05
52 Week Range19.50 - 36.52
Volume2,868,577
Avg. Volume2,829,888
Market Cap23.769B
Beta (3Y Monthly)1.88
PE Ratio (TTM)4.70
EPS (TTM)5.04
Earnings DateFeb 21, 2017 - Feb 27, 2017
Forward Dividend & Yield0.20 (0.98%)
Ex-Dividend Date2019-05-16
1y Target Est34.76
Trade prices are not sourced from all markets
  • Steelmaker ArcelorMittal to offer steel for Notre-Dame Cathedral restoration
    Reutersyesterday

    Steelmaker ArcelorMittal to offer steel for Notre-Dame Cathedral restoration

    PARIS (Reuters) - ArcelorMittal has offered steel for the restoration of Notre-Dame de Paris after a fire gutted the gothic cathedral's roof and destroyed its iconic spire, the steelmaker said on Thursday. ...

  • Reuters2 days ago

    GFG Alliance outlines plan to consolidate Liberty's global steel assets

    GFG Alliance, a privately held conglomerate, said on Thursday it plans to integrate most of the mining and engineering businesses under its Liberty House unit into a single global steel business with assets across the UK, Europe and Australia. London-headquartered GFG, which is looking at possible stock market flotations for part of its business, said in a statement the consolidated business would include its UK steel and engineering assets, a steel plant and mines in Australia, and seven European plants it acquired from ArcelorMittal.

  • GlobeNewswire2 days ago

    ArcelorMittal receives European Commission approval for the sale of several European steelmaking assets to Liberty House

    17 April 2019, 17:00 CET – ArcelorMittal (‘the Company’) today announces that it has received European Commission (‘EC’) approval for the sale of several steelmaking assets to.

  • Reuters2 days ago

    EU approves ArcelorMittal sale of assets to Liberty House in Ilva deal

    The European Commission has approved the sale by ArcelorMittal, the world's largest steel producer, of plants in several European countries to Liberty House to satisfy regulatory requirements for its acquisition of Italian steelmaker Ilva. "In May 2018, the Commission approved the acquisition of Ilva by ArcelorMittal, subject to conditions," the EU executive said in a statement.

  • Financial Times2 days ago

    Liberty House wins EU approval to acquire ArcelorMittal steel plants

    Liberty House, the company run by metals magnate Sanjeev Gupta, has won EU approval to buy a number of steelworks from ArcelorMittal. The purchase includes two large plants with blast furnaces in Romania and the Czech Republic, as well as finishing sites in Italy, Belgium, Luxembourg and North Macedonia. It will turn Liberty House into a major player in the continent’s steel industry and follows a rapid string of acquisitions that have transformed what was once a commodities trader into a manufacturing powerhouse.

  • Vale Is Going to Miss This Projection by 20%
    Motley Fool7 days ago

    Vale Is Going to Miss This Projection by 20%

    Vale, beset by operational issues, is going to fall well short of its original goals in 2019

  • The Largest Steel Manufacturers Are a Buy
    GuruFocus.com7 days ago

    The Largest Steel Manufacturers Are a Buy

    Few sectors are as economically sensitive as the steel industry, and even top steel producers are not immune. Steel production is now just an incidental player on a world stage that is dominated by China, the largest producer and importer of the metal. Warning! GuruFocus has detected 1 Warning Sign with MT.

  • X Stock Is in Free Fall After Analyst Downgrade
    InvestorPlace7 days ago

    X Stock Is in Free Fall After Analyst Downgrade

    Yesterday US Steel (NYSE:X) stock fell 3.25% on an analyst downgrade. Bank of America Merryl Lynch moved the stock from a BUY to SELL and lowered the price target 40% from $31 to $18 per share. This is a massive change and warrants some caution on X stock.Source: Shutterstocks The analyst, Timna Tanners, speculates that steel prices will lack the catalyst needed to boost them, so X will burn more a lot of cash thereby putting pressure on the stock price. So the stock is suffering because of an economic war between mills. Those are keeping prices low to gain a bigger share of the market. Other competitor stocks also suffered like Nucor (NYSE:NUE) and Steel Dynamics (NYSE:STLD) but X chart looks ugliest.So is it time to catch this falling knife? Yes, but with a caveat.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 8 Risky Stocks to Watch as Earnings Season Kicks Off Fundamentally speaking, X stock is cheap as it sells at a trailing 2.6 P/E ratio. This is very cheap -- provided they can keep the denominator steady. What Should You Do With X Stock?So if I own the shares, it's probably too late to sell now. As far as averaging down, I'd wait out a few more ticks to see the follow through price action from the downgrade. This also depends heavily on my base price for my shares. I'd avoid adding to a position too close in time or price to my last entry.If I am looking to initiate a new position in US Steel stock, doing so now is not a clear decision. This requires a lot of faith but it is doable. We have to remember here that the downgrade offers one person's opinion on the X situation so it's not absolute fact.It doesn't help matters that coming into the downgrade X already had a hideous chart. It was already trailing the S&P 500 by 20 points year-to-date; it's down almost 10%. For the past 12 months, X is down 54% so it's been sliding for a long time. And it's been under performing its peers too.Which begs the question on what to do with X today. Buying the stock now and this cheap seems like an easy decision after all it already sells at such a low P/E. But the slide in the stock is very long-term in nature. This means that it's not going to snap out of this downtrend quickly.In this case I'd rather wait out a bit more even if it means I miss out on some profits. I'd rather be late entering a stock than too early and start a position in the hole.Technically, X stock has been falling for so long that I need to use the weekly charts to get some input to help with the decision today. This means that the technical hints are slower in nature thereby supporting my decision to act today.Yesterday's fall places U.S. Steel stock in danger of triggering a massive bearish Head-and-Shoulders pattern. In fact, technically one could argue that it's already below the neckline and that puts it in danger from targeting the single-digit zone. While this is not a forecast, it is a scenario that could unfold and bulls need to know it. The Bottom Line on X StockIn summary, I don't usually panic out of a stock based on one person's opinion. But in this case, I would wait bit to get more clues. The next few days will be crucial for X stock and they will provide valuable clues for investors. * 7 Marijuana Companies: Which Pot Stocks Should You Buy? Most other analysts that cover X are on HOLD but there are a few still favorable of it. So it's vulnerable from more surprise downgrade from those analysts that still have it as a BUY.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. You can follow him as @racernic on Twitter and Stocktwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Internet Stocks to Watch * 7 AI Stocks to Watch with Strong Long-Term Narratives * 10 Dow Jones Stocks Holding the Blue Chip Index Back Compare Brokers The post X Stock Is in Free Fall After Analyst Downgrade appeared first on InvestorPlace.

  • Arcelor's $6 Billion Essar Deal Stymied by Lenders' Squabble
    Bloomberg7 days ago

    Arcelor's $6 Billion Essar Deal Stymied by Lenders' Squabble

    The Supreme Court ruled that Essar Steel India Ltd.’s current status has to be maintained, pending a review by a bankruptcy tribunal hearing appeals related to the sale. Friday’s ruling was in response to petitions by banks, including Standard Chartered Plc, which are fighting over how money that’ll be received from the company’s sale should be distributed. A lower court had last month approved Arcelor and its partner Nippon Steel Corp.’s offer to pay $6 billion upfront to lenders and invest another $1.1 billion in the Indian steel company.

  • Reuters7 days ago

    Supreme Court halts ArcelorMittal payment to buy Essar Steel: lawyer

    The Supreme Court on Friday ordered ArcelorMittal SA to stop a payment to lenders to buy Essar Steel, a lawyer involved in the case said, delaying billionaire Lakshmi Mittal's entry into the country's fast-growing steel market. India's bankruptcy court had approved ArcelorMittal's $6 billion bid for debt-ridden Essar on March 8, potentially ending months of court battles and opening the sector to outsiders. On Friday, the Supreme Court halted ArcelorMittal's payment while a bankruptcy appeals court - the National Company Law Appellate Tribunal - rules on various appeals in the case.

  • How Much is ArcelorMittal's (AMS:MT) CEO Getting Paid?
    Simply Wall St.8 days ago

    How Much is ArcelorMittal's (AMS:MT) CEO Getting Paid?

    Lakshmi Mittal became the CEO of ArcelorMittal (AMS:MT) in 1976. First, this article will compare CEO compensation with compensation at other large companies. Then we'll look at a snap shot of the business growth. T...

  • ArcelorMittal Is a Good Deal
    GuruFocus.com9 days ago

    ArcelorMittal Is a Good Deal

    For the second quarter of 2019, investors may want to consider increasing their exposure to ArcelorMittal SA (MT). Warning! GuruFocus has detected 1 Warning Sign with MT. In fact, though slightly lower compared to the estimates in January 2019 and October 2018, the International Monetary Fund's new estimates suggest global gross domestic product will grow 3.3% in 2019 and 3.6% in 2020.

  • GlobeNewswire14 days ago

    ArcelorMittal publishes convening notice for Annual General Meeting of shareholders

    Luxembourg, 5 April 2019, 10:30 CET- ArcelorMittal has published a convening notice for its Annual General Meeting of shareholders, which will be held on 7 May 2019 at 2 p.m..

  • Why ArcelorMittal Stock Fell 11% in March
    Motley Fool15 days ago

    Why ArcelorMittal Stock Fell 11% in March

    The steelmaker is caught up with the troubles of Vale and the ripple effect that iron ore miner is causing in the market

  • GlobeNewswire18 days ago

    Designated person notification

    Luxembourg, 1 April 2019, 13:45 CET - With reference to Article 19(3) of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market.

  • Were Hedge Funds Right About Dumping ArcelorMittal (MT)?
    Insider Monkey21 days ago

    Were Hedge Funds Right About Dumping ArcelorMittal (MT)?

    The elite funds run by legendary investors such as David Tepper and Dan Loeb make hundreds of millions of dollars for themselves and their investors by spending enormous resources doing research on small cap stocks that big investment banks don't follow. Because of their pay structures, they have strong incentives to do the research necessary […]

  • Could CLF’s Valuation Catch Up With Its Fundamentals?
    Market Realist21 days ago

    Could CLF’s Valuation Catch Up With Its Fundamentals?

    Why Cleveland-Cliffs Stock Could See More Upside(Continued from Prior Part)Cleveland-Cliffs’ valuationAmong US steel stocks, U.S. Steel Corporation (X) and ArcelorMittal (MT), have the lowest EV1-to-EBITDA multiples of 3.7x and 4.1x,

  • Could Analysts Warm Up to CLF?
    Market Realist22 days ago

    Could Analysts Warm Up to CLF?

    Why Cleveland-Cliffs Stock Could See More Upside(Continued from Prior Part)Analyst sentiment Analysts’ views on Cleveland-Cliffs (CLF) have improved, with 58% of the 12 analysts covering the stock recommending “buy.” A year ago, only 30% of

  • Why the US Steel Industry Might Need Tariffs Forever
    Market Realist22 days ago

    Why the US Steel Industry Might Need Tariffs Forever

    Steel Companies Continue Investment Spree Even as Analysts Fret(Continued from Prior Part)US steel industryAccording to Reuters, U.S. Steel’s (X) CEO David Burritt told lawmakers at the Congressional Steel Caucus, “Now is not the time to

  • Steel’s Higher Capacity Utilization Is Good News for CLF
    Market Realist22 days ago

    Steel’s Higher Capacity Utilization Is Good News for CLF

    Why Cleveland-Cliffs Stock Could See More Upside(Continued from Prior Part)US steel production Domestic steel production is a major demand driver for Cleveland-Cliffs’ (CLF) iron ore pellets. US steel production has followed an upward trend

  • Could Contract Negotiations Boost CLF’s Margins?
    Market Realist23 days ago

    Could Contract Negotiations Boost CLF’s Margins?

    Why Cleveland-Cliffs Stock Could See More Upside(Continued from Prior Part)CLF’s long-term contractsMost of Cleveland-Cliffs’ (CLF) tonnage is contracted to steelmakers under long-term contracts, improving visibility and reducing volatility for

  • Why Cleveland-Cliffs Stock Could See More Upside
    Market Realist23 days ago

    Why Cleveland-Cliffs Stock Could See More Upside

    Why Cleveland-Cliffs Stock Could See More UpsideFuture catalysts Cleveland-Cliffs (CLF) reported fourth-quarter adjusted EPS of $0.55, missing analysts’ estimate of $0.59. Its revenue rose 36% YoY (year-over-year) to $696 million but missed

  • GlobeNewswire23 days ago

    ArcelorMittal announces the publication of the 2018 statutory financial statements of ArcelorMittal parent company

    Luxembourg, 27 March, 2019 - ArcelorMittal has published the statutory financial statements of ArcelorMittal parent company for the year ended 31 December, 2018. These financial.