MT

Arcelor Mittal (MT) Sees 2.3% Surge in Stock Movement on High Volume

Shares of Industrials sector company Arcelor Mittal moved 2.3% today, and are now trading at a price of $28.23. The large-cap stock's daily volume was 928,567 compared to its average volume of 2,216,273. The S&P 500 index returned a 1.0% performance.

ArcelorMittal S.A., together with its subsidiaries, operates as integrated steel and mining companies in the Americas, Europe, Asia, and Africa. The company is based in Luxembourg City and has 154,352 full time employees. Its market capitalization is $23,652,014,080. Arcelor Mittal currently offers its equity investors a dividend that yields 1.6% per year.

4 analysts are following Arcelor Mittal and have set target prices ranging from $32.67 to $38.0 per share. On average, they have given the company a rating of buy. At today's prices, MT is trading -21.2% away from its average analyst target price of $35.82 per share.

The stock's 52 week high is $32.49 per share whereas its 52 week low is $19.25. With average free cash flows of $4.43 Billion that have been growing at an average rate of 28.8% over the last 4 years, Arcelor Mittal is in a position to continue its strong stock performance trend.

Date Reported Cash Flow from Operations ($ k) Capital expenditures ($ k) Free Cashflow ($ k) YoY Growth (%)
2022-12-31 10,203,000 -3,468,000 6,735,000 -2.35
2021-12-31 9,905,000 -3,008,000 6,897,000 319.78
2020-12-31 4,082,000 -2,439,000 1,643,000 -32.8
2019-12-31 6,017,000 -3,572,000 2,445,000 n/a
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.

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