ArcelorMittal (NYSE:MT) Hits New 12-Month High on Analyst Upgrade

Shares of ArcelorMittal (NYSE:MT) reached a new 52-week high during mid-day trading on Monday after Wells Fargo & Company raised their price target on the stock from $47.00 to $54.00. Wells Fargo & Company currently has an equal weight rating on the stock. ArcelorMittal traded as high as $61.49 and last traded at $61.3690, with a volume of 284043 shares changing hands. The stock had previously closed at $61.30.

A number of other brokerages have also recently commented on MT. Citigroup restated a “buy” rating on shares of ArcelorMittal in a research note on Thursday, January 22nd. Santander raised ArcelorMittal from a “neutral” rating to an “outperform” rating in a research report on Thursday, February 5th. UBS Group downgraded shares of ArcelorMittal from a “buy” rating to a “neutral” rating in a research report on Monday, November 17th. The Goldman Sachs Group reissued a “neutral” rating on shares of ArcelorMittal in a research report on Friday, October 10th. Finally, JPMorgan Chase & Co. upgraded shares of ArcelorMittal from a “neutral” rating to an “overweight” rating in a research note on Friday, November 7th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $42.73.

Key ArcelorMittal News

Here are the key news stories impacting ArcelorMittal this week:

• Positive Sentiment: Major strategic investment — ArcelorMittal confirmed construction of a €1.3 billion electric arc furnace at its Dunkirk, France site, marking a significant decarbonisation and modernization step that supports longer-term cost competitiveness and ESG positioning. ArcelorMittal confirms the construction of an electric arc furnace in Dunkirk, France
• Positive Sentiment: Short interest fell sharply — short interest declined ~27.8% in January to ~2.37M shares (≈0.3% of float) and a short-interest ratio of ~1.3 days, which reduces near-term short-covering pressure and can support the share price if bullish flows continue. (No link)
• Positive Sentiment: Upgraded investor sentiment / target lift — a published note raised MT’s price target to $54, signaling at least one analyst view shifting more constructive on valuation, and Zacks highlighted MT as a “strong value stock,” reinforcing the narrative that market multiples look attractive relative to fundamentals. ArcelorMittal (NYSE:MT) Price Target Raised to $54.00 Here’s Why ArcelorMittal (MT) is a Strong Value Stock
• Neutral Sentiment: Analyst stance remains mixed — major brokerages including Barclays and Goldman Sachs are maintaining “Hold” ratings on MT, which keeps consensus caution in place despite the recent operational news. Barclays Sticks to Its Hold Rating for ArcelorMittal Goldman Sachs Remains a Hold on ArcelorMittal
• Neutral Sentiment: Analyst commentary roundup — broader analyst commentary pieces provide mixed insights on materials peers and MT’s positioning; useful for gauging consensus but not a clear directional signal. Analysts Offer Insights on Materials Companies: ArcelorMittal (MT) and Alamos Gold (AGI)
• Negative Sentiment: Legal and expansion risk flagged — coverage notes legal pressures and complexities tied to the Liberia expansion plan, which raise execution and reputational risks that could weigh on near- to medium-term cashflows or capital allocation. ArcelorMittal Legal Pressures And Liberia Expansion Put Risk Profile In Focus

Institutional Investors Weigh In On ArcelorMittal

Hedge funds and other institutional investors have recently modified their holdings of the stock. True Wealth Design LLC lifted its position in shares of ArcelorMittal by 41.4% during the fourth quarter. True Wealth Design LLC now owns 799 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 234 shares during the last quarter. State of Wyoming acquired a new stake in ArcelorMittal during the third quarter valued at approximately $36,000. Allworth Financial LP lifted its holdings in ArcelorMittal by 91.5% during the 4th quarter. Allworth Financial LP now owns 1,126 shares of the basic materials company’s stock worth $51,000 after buying an additional 538 shares during the last quarter. Geneos Wealth Management Inc. grew its position in shares of ArcelorMittal by 44.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,635 shares of the basic materials company’s stock worth $47,000 after acquiring an additional 501 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of ArcelorMittal by 392.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,752 shares of the basic materials company’s stock valued at $63,000 after acquiring an additional 1,396 shares during the last quarter. Institutional investors own 9.29% of the company’s stock.

ArcelorMittal Stock Up 1.7%

The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.53 and a current ratio of 1.36. The firm has a market capitalization of $48.91 billion, a P/E ratio of 15.39, a P/E/G ratio of 0.54 and a beta of 1.52. The stock has a fifty day moving average price of $49.14 and a two-hundred day moving average price of $41.02.

ArcelorMittal (NYSE:MT) last released its quarterly earnings data on Thursday, February 5th. The basic materials company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.30. ArcelorMittal had a net margin of 5.14% and a return on equity of 5.27%. The firm had revenue of $14.97 billion during the quarter, compared to the consensus estimate of $15.56 billion. During the same quarter in the previous year, the company posted $0.52 earnings per share. The firm’s revenue was up 1.7% on a year-over-year basis. Research analysts forecast that ArcelorMittal will post 3.72 EPS for the current year.

ArcelorMittal Company Profile

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.