Arcelor Mittal NY Registry Shar found using ticker (MT) now have 5 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 57 and 44.32 with the average target price sitting at 49.98. Given that the stocks previous close was at 29.68 this is indicating there is a potential upside of 68.4%. The day 50 moving average is 31.26 and the 200 moving average now moves to 31.9. The market cap for the company is $24,204m. You can visit the company’s website by visiting: https://corporate.arcelormittal.com
The potential market cap would be $40,758m based on the market concensus.
ArcelorMittal S.A., together with its subsidiaries, operates as integrated steel and mining companies in Europe, North and South America, Asia, and Africa. Its principal steel products include 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, which includes 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. The company’s principal mining products comprise iron ore lumps, fines, concentrates, pellets, and sinter feeds; and coking and thermal coal, and pulverized coal injections. 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.
