Arcelor Mittal NY Registry Shar with ticker code (MT) have now 5 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 57 and 42 and has a mean target at 50.33. With the stocks previous close at 31.76 this would imply there is a potential upside of 58.5%. The day 50 moving average is 32.21 and the 200 moving average now moves to 31.94. The market capitalisation for the company is $28,748m. You can visit the company’s website by visiting: https://corporate.arcelormittal.com
The potential market cap would be $45,556m based on the market concensus.
ArcelorMittal, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia, and Africa. The company’s principal steel products include semi-finished flat products, such as 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, including bars, wire-rods, structural sections, rails, sheet piles, and wire-products; and seamless and welded pipes and tubes. Its principal mining products comprise iron ore lumps, fines, concentrates, pellets, and sinter feeds; and coking and thermal coal, and pulverized coal injections. The company 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. It has iron ore mining activities in Brazil, Bosnia, Canada, Kazakhstan, Liberia, Mexico, and Ukraine; and coal mining activities in Kazakhstan. The company was founded in 1976 and is headquartered in Luxembourg City, Luxembourg.
