ArcelorMittal (NYSE:MT – Get Free Report) saw a significant decrease in short interest in July. As of July 15th, there was short interest totaling 2,316,809 shares, a decrease of 33.5% from the June 30th total of 3,483,372 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily volume of 1,941,141 shares, the days-to-cover ratio is currently 1.2 days.
Wall Street Analyst Weigh In
MT has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $75.00 price objective on shares of ArcelorMittal in a report on Friday. Santander lowered ArcelorMittal from an “outperform” rating to a “neutral” rating in a research report on Tuesday, April 21st. Wells Fargo & Company increased their target price on ArcelorMittal from $62.00 to $69.00 and gave the company an “equal weight” rating in a research report on Friday. Citigroup reissued a “buy” rating on shares of ArcelorMittal in a research note on Wednesday, May 20th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of ArcelorMittal in a report on Monday, July 6th. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $72.40.
View Our Latest Stock Report on ArcelorMittal
Institutional Inflows and Outflows
ArcelorMittal Trading Up 1.1%
MT stock opened at $70.08 on Friday. ArcelorMittal has a 12-month low of $30.17 and a 12-month high of $72.50. The business’s 50-day moving average is $66.03 and its 200 day moving average is $60.63. The company has a current ratio of 1.39, a quick ratio of 0.54 and a debt-to-equity ratio of 0.19. The stock has a market cap of $54.32 billion, a price-to-earnings ratio of 29.70, a PEG ratio of 0.54 and a beta of 1.55.
ArcelorMittal (NYSE:MT – Get Free Report) last announced its earnings results on Thursday, April 30th. The basic materials company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.04. The business had revenue of $15.46 billion during the quarter, compared to analysts’ expectations of $17.04 billion. ArcelorMittal had a return on equity of 4.20% and a net margin of 2.88%.The business’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.05 earnings per share. On average, sell-side analysts anticipate that ArcelorMittal will post 4.75 EPS for the current fiscal year.
ArcelorMittal News Roundup
Here are the key news stories impacting ArcelorMittal this week:
- Positive Sentiment: Management said supportive trade measures aimed at curbing steel imports have improved the outlook for its European business. ArcelorMittal expects second-half sales to outperform the first half, providing a potential catalyst for future earnings. ArcelorMittal Posts Fall in Net Profit But Sees Improved Outlook for European Business
- Positive Sentiment: AM/NS India, ArcelorMittal’s Indian joint venture, reported a 28.5% increase in quarterly EBITDA, helped by higher steel prices. This indicates comparatively strong performance in the Indian business. AM/NS India June-quarter EBITDA rises 28.5% on higher steel prices
- Neutral Sentiment: Wells Fargo raised its price target for MT from $62 to $69 but retained an “equal weight” rating. The new target remains modestly below the recent trading level, signaling limited near-term upside in the analyst’s view. Wells Fargo ArcelorMittal price-target update
- Neutral Sentiment: ArcelorMittal published its 2026 half-year report, giving investors access to detailed financial, operating and regulatory information for the six months ended June 30. ArcelorMittal publishes its 2026 half-year report
- Negative Sentiment: Second-quarter net income fell 62% year over year to $683 million. Adjusted EPS of $0.90 missed the $1.18 consensus estimate, while revenue of $16.76 billion was below expectations of $17.07 billion. EPS also declined from $1.32 in the prior-year quarter, highlighting pressure on profitability despite revenue growth. ArcelorMittal reports second quarter 2026 results
About ArcelorMittal
ArcelorMittal is a multinational steel manufacturing company formed in 2006 through the merger of Arcelor and Mittal Steel. Headquartered in Luxembourg, the company is one of the world’s largest producers of steel and operates an integrated value chain that spans raw material extraction, steelmaking, processing and distribution. Its product portfolio includes flat and long carbon steel products, coated and specialty steels, tubular products and value-added solutions tailored for sectors such as automotive, construction, household appliances, energy and packaging.
ArcelorMittal’s operations are global in scope, with production facilities, distribution networks and commercial activities across Europe, the Americas, Asia, Africa and the Commonwealth of Independent States.
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