Arcelor Mittal NY Registry Shar with ticker code (MT) have now 5 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 56 and 49.5 calculating the average target price we see 51.42. Given that the stocks previous close was at 32.04 this is indicating there is a potential upside of 60.5%. The 50 day MA is 31.8 and the 200 day MA is 31.77. The market capitalisation for the company is $29,448m. Find out more information at: https://corporate.arcelormittal.com
The potential market cap would be $47,260m 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 pripal steel products lude 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, luding bars, wire-rods, structural sections, rails, sheet piles, and wire-products; and seamless and welded pipes and tubes. Its pripal 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.
