Arcelor Mittal NY Registry Shar with ticker code (MT) have now 5 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 55 and 46 calculating the average target price we see 51.43. Given that the stocks previous close was at 27.67 this now indicates there is a potential upside of 85.9%. The day 50 moving average is 30.16 while the 200 day moving average is 31.23. The market capitalisation for the company is $24,303m. Company Website: https://corporate.arcelormittal.com
The potential market cap would be $45,172m 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.
