In today’s recent session, 2.22 million shares of the ArcelorMittal (NYSE:MT) have been traded, and its beta is 2.10. Most recently the company’s share price was $33.48, and it changed around $0.51 or 1.55% from the last close, which brings the market valuation of the company to $32.76B. MT at last check was trading at a discount to its 52-week high of $36.58, offering almost -9.26% off that amount. The share price’s 52-week low was $20.50, which indicates that the recent value has risen by an impressive 38.77% since then. We note from ArcelorMittal’s average daily trading volume that its 10-day average is 3.08 million shares, with the 3-month average coming to 3.95 million.

ArcelorMittal stock received a consensus recommendation rating of a Buy, based on a mean score of 1.80. If we narrow it down even further, the data shows that 0 out of 17 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 1 recommended MT as a Hold, whereas 14 deemed it a Buy, and 0 rated it as Underweight. ArcelorMittal is expected to report earnings per share of $4.63 for the current quarter.

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Instantly MT has been showing a green trend so far today with a performance of 1.55% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 33.65 on Tuesday, 01/04/22 increased the stock’s daily price by 0.51%. The company’s shares are currently up 3.58% year-to-date, but still up 1.45% over the last five days. On the other hand, ArcelorMittal (NYSE:MT) is 19.50% up in the 30-day period. We can see from the shorts that 4.43 million shares have been sold at a short interest cover period of 1.14 day(s).

The consensus price target as assigned by Wall Street analysts is $46.17, which translates to bulls needing to increase their stock price by 27.49% from its current value. Analyst projections state that MT is forecast to be at a low of $35.14 and a high of $53.91. In order for the stock price to hit the forecast high, the stock would need to plunge -61.02% from its current level, while the stock would need to crash -4.96% from its current level to reach the projected low.

ArcelorMittal (MT) estimates and forecasts

ArcelorMittal share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 8.96 percent over the past six months and at a 1,800.00% annual growth rate that is well above the industry average of -6.10%. Moreover, analysts have decided to roll up on their fiscal year 2022 revenue estimates. The rating firms predict that it will gain 2,536.80% in revenue this quarter, and will report an increase of 1,826.30% in the next quarter. The year-over-year growth rate is expected to be 46.10%, up from the previous year.

Consensus estimates provided by 4 financial analysts predict the company will bring in an average of $21.85 billion in revenue for the current quarter. 4 analysts expect ArcelorMittal to make $20.86 billion in revenue for the quarter ending Dec 2021. The company’s sales for the same quarters a year ago were $13.27 billion and $14.18 billion respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 64.70%. Forecasts for the next quarter put sales growth at 47.10%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 42.00%.

MT Dividends

ArcelorMittal’s next quarterly earnings report is expected to be released around February 21 and February 27. The annual dividend yield of the stock is 0.91 percent and its annual dividend per share was 0.30. It is important to note, however, that the 0.91% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.

ArcelorMittal (NYSE:MT)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 0.00% of ArcelorMittal shares, and 6.36% of them are in the hands of institutional investors. The stock currently has a share float of 6.36%. ArcelorMittal stock is held by 262 institutions, with GQG Partners LLC being the largest institutional investor. By Jun 29, 2021, it held 2.15% of the shares, which is about 23.75 million shares worth $737.82 million.

FMR, LLC, with 0.79% or 8.72 million shares worth $270.97 million as of Jun 29, 2021, holds the second largest percentage of outstanding shares.

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Goldman Sachs GQG Partners International Opportunities Fund and Fidelity Blue Chip Growth Fund were the top two Mutual Funds as of Apr 29, 2021. The former held 7.74 million shares worth $226.83 million, making up 0.70% of all outstanding shares. On the other hand, Fidelity Blue Chip Growth Fund held roughly 2.46 million shares worth around $76.32 million, which represents about 0.22% of the total shares outstanding.