During the afternoon session, Arcelor Mittal moved 4.28%, compared to None% for the S&P 500.
ArcelorMittal owns and operates steelmaking and mining facilities in Europe, North and South America, Asia and Africa. The company is now trading -22.44% away from its average analyst target price of $36.29 per share. The 4 analysts following the stock have set target prices ranging from $32.17 to $38.0, and on average give Arcelor Mittal a rating of buy.
Over the last year, MT shares have gone down by -19%. The stock's 52 week high is $34.1 per share and its 52 week low is $19.25. Based on Arcelor Mittal's average gross margin growth of 65.74% over the last four years, its core business remains strong and the stock price may recover in the long term.
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