Arcelor Mittal NY Registry Shar with ticker code (MT) now have 4 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The range between the high target price and low target price is between 36.44 and 30.68 and has a mean target at $34.09. Given that the stocks previous close was at $27.83 this indicates there is a potential upside of 22.5%. It’s also worth noting that there is a 50 day moving average of $29.28 and the 200 moving average now moves to $26.12. The company has a market capitalization of $22,245m. Visit the company website at: https://corporate.arcelormittal.com
The potential market cap would be $27,249m based on the market consensus.
ArcelorMittal S.A., together with its subsidiaries, operates as integrated steel and mining companies in the Americas, Europe, Asia, and Africa. 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-products; and seamless and welded pipes and tubes. The company also provides mining products, such as iron ore lumps, fines, concentrates, pellets, and sinter feeds; and coking and pulverized coal injections coal. It sells its products to various customers in the automotive, appliance, engineering, construction, energy, and machinery industries through a centralized marketing organization, as well as distributors. The company has iron ore mining activities in Brazil, Bosnia, Canada, Kazakhstan, Liberia, Mexico, South Africa, and Ukraine; and coal mining activities in Kazakhstan. ArcelorMittal S.A. was founded in 1976 and is headquartered in Luxembourg City, Luxembourg.
The company has a dividend yield of 1.56% with the ex dividend date set at 13-11-2023 (DMY).
Other points of data to note are a P/E ratio of 2.78, revenue per share of 43.82 and a 7.91% return on assets.
